Fubon Financial Holdings has announced its earnings results for May 2025, reporting an unaudited consolidated net loss of NT$5.79 billion. The cumulative consolidated pre-tax profit was NT$44.59 billion, while the cumulative consolidated net profit stood at NT$39.49 billion, resulting in an EPS of NT$2.89.
Taipei Fubon Bank achieved record-high monthly and cumulative net profits for the period. Fubon Securities' monthly net profit and Fubon Insurance's cumulative net profit both reached their second-highest levels historically.
Fubon Life reported a net loss of NT$9.14 billion in May, attributed to significant changes in global financial markets due to US tariff policies, leading to fluctuations in exchange rates. The New Taiwan dollar appreciated by nearly 7% against the US dollar, causing foreign exchange losses. Despite this, the cumulative net profit for the first five months was NT$15.81 billion.
The appreciation of the New Taiwan dollar marked its largest single-month increase since April 1989. In response, Fubon Life increased hedging activities and applied for additional provisions to bolster FX reserves, reallocating around NT$8 billion from liabilities to FX reserves under a new rule approved by regulators.
In May's stock market, capital inflows boosted TAIEX by over 1,110 points as the New Taiwan dollar appreciated. In bond markets, US treasury yields rebounded due to robust employment data and delayed interest rate cut expectations.
Fubon Life's standalone first-year premium (FYP) rose 15% year-on-year (YoY) to NT$53.6 billion, with total premium (TP) up 8% YoY at NT$157.1 billion—both estimated among industry leaders.
Taipei Fubon Bank reported a May net profit of NT$2.67 billion—a record high for the period—driven by core business momentum and growth across various sectors including wealth management and credit card businesses.
Fubon Insurance recorded a May net profit of NT$0.35 billion despite FX losses but maintained stable core business performance with improvements in risk control.
Fubon Securities saw a month-on-month (MoM) increase in May's net profit to NT$0.67 billion due to higher trading volumes and TAIEX rebound but faced a YoY decline in cumulative profits affected by reduced trading volumes earlier in the year.