Fubon Financial Holdings has released its earnings results for January 2025, reporting an unaudited consolidated pre-tax profit of NT$18.73 billion and a net profit of NT$15.21 billion. This translates to an earnings per share (EPS) of NT$1.11. The company's subsidiaries performed well, with Taipei Fubon Bank achieving a historical high in net profit.
Fubon Life reported a net profit of NT$8.68 billion for January. The primary sources of investment income were interest income, capital gains on equities and funds, and fund dividend income. The company closely monitored market volatility and seized opportunities to realize capital gains amidst range-bound stock markets in Taiwan and overseas. In the bond market, steady U.S. economic growth saw bond yields peak before retreating, prompting Fubon Life to increase its bond position during high-interest rates while maintaining liquidity to respond to market changes.
Regarding exchange rates, the Federal Reserve paused rate cuts in January as expected by the market, creating policy uncertainty after Trump took office. Fubon Life plans to continue monitoring policy impacts on the market and adjust hedging positions accordingly. Its monthly standalone first-year premium (FYP) reached NT$14.3 billion, up 21% year-over-year (YoY), driven by traditional and investment products.
Taipei Fubon Bank's net profit for January was NT$3.89 billion, marking an 11% YoY increase and setting a new record high. Both deposit and loan growth remained stable with balances increasing by 9% YoY and 11% YoY respectively, leading to an 11% YoY rise in net interest income. Net fee income also rose by 14% YoY due to growing wealth management sales momentum.
Fubon Insurance achieved a net profit of NT$0.73 billion in January, up 33% YoY due to strong underwriting performance and investment income. Direct written premium reached NT$7.63 billion, a monthly record high with notable growth in engineering insurance linked to green insurance businesses.
Conversely, Fubon Securities experienced a decrease in net profit for January at NT$0.46 billion, down by NT$0.17 billion from the previous year due to fewer trading days caused by the Lunar New Year holiday impacting brokerage income.