Cumulative Profit after-tax Reaches NT$22.33 Billion for the Year
Adjusted Cumulative Profit NT$52.329 Billion EPS NT$3.09
KGI Financial Holding (KGI) today (11th) announced its unaudited financial results for May, with profit after-tax reaching NT$4.743 billion. Cumulative profit after-tax for the year amounted to NT$22.33 billion, with earnings per share (EPS) of NT$1.32. KGI Life Insurance, a subsidiary of KGI Financial Holding, has adopted the new IFRS 17 accounting standard starting this year. Under the new framework, reported profits no longer include Gains on Disposals of Stock classified as FVOCI (Fair Value through Other Comprehensive Income). KGI Financial Holding Reports Adjusted Profit After-tax of NT$14.872 billion for May Including FVOCI Gains on Disposals of Stock. Cumulative Adjusted Profit After-tax Reaches NT$52.329 Billion for the First Five Months. Earnings per Share (EPS) NT$3.09, Both Monthly and Cumulative Profits Hit Record Highs. The above FVOCI Gains on Disposals of Stock primarily came from KGI Life Insurance’s timely grasp of market trends. In May, realized gains on stock disposals amounted to approximately NT$10.1 billion, bringing the cumulative realized gains for the first five months to nearly NT$30.0 billion. Although these gains are not included in current-period profits, they are directly reflected in retained earnings and form part of distributable earnings.
KGI Financial Holding stated that in May, Taiwan’s stock market weighted index and trading volume both reached new highs, driving strong momentum across the Group’s securities, banking, and insurance businesses. Overall operating performance was outstanding.
In banking operations, steady expansion of deposit and loan balances supported growth in net interest income. Wealth management further drove increases in fee income, becoming the primary engine of profit growth. KGI Bank reported profit after-tax of NT$710 million for May. Cumulative profit after-tax for the year reached NT$3.59 billion, representing a 30% increase compared with the same period last year and demonstrating solid growth momentum.
In securities operations, buoyed by active trading in Taiwan’s stock market, brokerage and wealth management, proprietary trading, and underwriting businesses all contributed to profitability. KGI Securities reported net profit after-tax of NT$3.15 billion for May. Cumulative profit after-tax for the year reached NT$12.906 billion, setting a new record high for the same period and representing a substantial YoY growth of 377%.
In insurance operations, KGI Life Insurance benefited from strong momentum in new contract sales. New contract premium income for May reached NT$11.5 billion, representing a 126% increase compared with May of last year and marking the highest monthly level in nearly five years. For the first five months of the year, cumulative new contract premium income totaled NT$45.9 billion, up 48% YoY. Traditional foreign currency policies and investment-linked products remained the main sales drivers. For the first five months, performance grew 43% and 315% YoY, respectively. On the investment side, KGI Life Insurance adopted a prudent yet flexible asset allocation strategy, seizing market opportunities and boosting investment income performance. Profit after-tax for May was NT$1.602 billion, with cumulative profit after-tax for the first five months reaching NT$7.687 billion. Including FVOCI Gains on Disposals of Stock, adjusted profit after-tax for the month amounted to NT$11.732 billion, marking the highest monthly level so far this year. Cumulative adjusted profit after-tax for the first five months reached NT$37.39 billion.
Looking ahead, KGI Financial Holding will continue to optimize its financial structure and deepen the Group’s “ONE KGI” development strategy, strengthening the core competitiveness of its subsidiaries and driving overall profit growth. Through the steady growth and resource integration of its three major engines—life insurance, banking, and securities—the Group will balance risk management with sustainable operations, reinforce business momentum, and create resilient, long-term growth value for shareholders.
