Fubon Life first-year premiums surge 80.6% YoY in January

Direct written premium hit a record high of NT$7b, driven by commercial lines’ double-digit growth.

Fubon Life saw a consolidated pre-tax profit of NT$10.7b and a net profit of NT$9.1b in January. 

The primary sources of investment income included interest income and capital gains on domestic and foreign equities and funds. 

Fubon Life maintained a stable investment portfolio and capitalised on market opportunities, particularly as the TAIEX surpassed 18000 points. 

First-year premium (FYP) reached NT$11.8b, up 80.6% year-on-year (YoY), driven by growth in traditional products, with total premium (TP) estimated to lead the industry. 

Emphasis on regular-paid policies resulted in a YoY increase of 104.0% in FYPE. 

The capital position remained robust, with an equity-to-asset ratio above 9% and an RBC ratio above 300% as of January.

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Fubon Insurance reported a January net profit of NT$545m, attributed to solid underwriting performance and investment income. 

Direct written premium hit a record high of NT$7b, with double-digit growth in both personal and commercial lines. 

Commercial fire insurance and engineering insurance saw notable growth rates of 44.1% and 59.2% respectively. 

Fubon Insurance maintained its market leadership, with a 24.8% market share in total direct written premiums, up 1.2% YoY.

Group-wide, Fubon Financial reported a significant growth in January, with unaudited consolidated pre-tax profit reaching NT$16.9b, up approximately 161% YoY, and net profit at NT$14.1b, marking a 131% YoY increase. Earnings per share stood at NT$1.08.