Fubon Financial Reports June 2026 Earnings Results

Fubon FHC's unaudited consolidated pre-tax profit was NT$13.34bn and net profit was NT$9.49bn in June. Cumulative pre-tax profit and net profit reached NT$114.2bn and NT$97.34bn, respectively, both setting historical highs for the same period. EPS was NT$6.67. FVOCI equity disposal gains totaled NT$19.73bn in June and NT$91.07bn YTD. Combined net profit and FVOCI equity disposal gains reached NT$29.22bn in June and NT$188.41bn YTD, exceeding historical full-year earnings, with combined EPS reaching NT$13.17. As FVOCI equity disposal gains are not recognized in current profit and loss but are directly reflected in retained earnings, they represent one of the sources of distributable earnings. Therefore, combined net profit and FVOCI equity disposal gains provide a more comparable measure of profitability relative to the period prior to the adoption of IFRS 17.

All subsidiaries delivered strong performance in June. Monthly and cumulative earnings of Taipei Fubon Bank, Fubon Insurance, Fubon Securities, and Fubon Asset Management all reached historical highs for the same periods. Combined net profit and FVOCI equity disposal gains of Fubon Life in both June and YTD also reached historical highs for the same periods. Details of each subsidiary's earnings performance are provided below:

Fubon Life's net profit was NT$1.69bn in June and cumulative net profit was NT$55.58bn. FVOCI equity disposal gains in June and YTD amounted to NT$18.09bn and NT$87.66bn, respectively. Combined net profit and FVOCI equity disposal gains in June and YTD reached NT$19.78bn and NT$143.24bn, respectively. Despite volatility in the Taiwan stock market, earnings remained robust. Combined net profit and FVOCI equity disposal gains in June and YTD both reached historical highs for the same periods. Besides contributions from the CSM release and recurring investment income, Fubon Life also realized capital gains from its Taiwan equity portfolio, while June marked the peak dividend season, further boosting cash dividend income.

As for the bond market, solid US economic data and falling oil prices influenced Treasury yields, resulting in a rise in short-term yields while long-term yields remained range-bound. Fubon Life remained focused on steadily enhancing recurring income and maintaining a sufficient cash position. As for the FX market, the Federal Reserve's hawkish stance at its June policy meeting, together with market expectations for higher interest rates in the second half of the year, boosted the US dollar, which appreciated 1.4% against the New Taiwan dollar in June. The impact of exchange rate fluctuations can be absorbed by FX reserves. Fubon Life will continue to monitor market developments closely and dynamically adjust its hedging positions to properly manage FX risks.

Fubon Life's standalone cumulative first-year premium (FYP) reached NT$84.99bn in the first six months of the year, up 35% YoY, and cumulative total premium (TP) reached NT$228.13bn, up 19% YoY, both estimated to rank second in the industry. Monthly FYP and TP in June were NT$14.59bn and NT$42.37bn, up 57% and 20% YoY, respectively, with FYP estimated to rank third and TP estimated to rank second in the industry. As Fubon Life continued to strengthen its focus on protection and regular-paid products, cumulative FYP for personal health and accident products grew 5% YoY. Cumulative first-year premium equivalent (FYPE) reached NT$28.81bn, which is estimated to rank second in the industry.

In terms of capital position, the equity-to-asset ratio and overall capital level under the Taiwan Insurance Solvency (TIS) regime remained sound. Fubon Life's preliminary equity-to-asset ratio exceeded 15% as of the end of June, improving from 11.5% at the end of the first quarter. The company continues to closely monitor market developments, assess potential impacts, and ensure robust solvency.

Taipei Fubon Bank posted net profit of NT$5.20bn in June, up 36% YoY. Monthly earnings exceeded NT$5bn for the first time, primarily driven by dividend income, as well as higher revenue supported by continued growth in loan and deposit balances and wealth management business. Cumulative net profit reached NT$25.73bn in the first half of the year, up 32% YoY and setting another historical high. In terms of business performance, steady growth in overseas and retail lending demand drove loan balances up 15% YoY. Supported by growth in mutual fund and insurance product sales, wealth management income increased more than 40% YoY in the first half of the year. Meanwhile, the number of active credit cards and card spending continued to grow steadily. Benefiting from strong outbound travel demand, overseas card spending increased 24% YoY. Asset quality remained benign. As of end-June, the NPL ratio and coverage ratio were 0.11% and 1,113%, respectively.

Fubon Insurance reported net profit of NT$0.95bn in June, with cumulative net profit reaching NT$5.59bn in the first six months of the year, both setting record highs for the same periods. Combined net profit and FVOCI equity disposal gains reached NT$1.51bn in June and NT$7.42bn YTD. Profit continued to improve, supported by steady business growth across various segments.

In terms of business performance, leveraging the Group's integrated resources and diversified distribution channels, total written premiums reached NT$6.92bn in June, up 10% YoY. Marine insurance delivered particularly strong results, with monthly written premiums rising 42% YoY, benefiting from deeper customer engagement and professional risk management services. In addition, electric vehicle insurance maintained strong growth momentum, with monthly written premiums increasing 40% YoY, driven by a comprehensive product lineup and digital sales platforms, further supporting motor insurance growth that outperformed the market average. Cumulative written premiums reached NT$40.29bn in the first six months of the year, up 8% YoY. With a market share of 24.9%, Fubon Insurance further solidified its market-leading position.

Fubon Securities reported net profit of NT$2.60bn in June and cumulative net profit of NT$11.02bn in the first six months of the year, up 172% YoY. Cumulative net profit exceeded NT$10bn in the first half of the year and surpassed its full-year earnings for 2025. Both monthly and cumulative earnings continued to reach record highs. On the fee income front, benefiting from active trading in the Taiwan stock market, average daily turnover remained at a high level in June, and reached NT$1.3tn in the first half of the year. As a result, brokerage and wealth management revenue combined increased 133% YoY. Meanwhile, supported by favorable market conditions, proprietary income grew 172% YoY. Driven by simultaneous growth in brokerage, wealth management, and proprietary income, Fubon Securities maintained solid operating performance in the first half of the year, with cumulative earnings continuing to set new highs.

Fubon Asset Management's net profit was NT$0.14bn in June and cumulative net profit reached NT$0.89bn in the first six months of the year, up 59% and 75% YoY, respectively. Both monthly and cumulative net profits continued to reach record highs for the same periods, demonstrating strong earnings momentum and steady business growth. Profit growth was primarily driven by the continued expansion of assets under management (AUM), which exceeded NT$1.6tn as of end-June, setting another record high. In addition to continued fund inflows into the Fubon Taiwan Glory Active ETF, which was launched in May, the Fubon AI New Trends Multi-Asset Fund and the Fubon Taiwan-U.S. Twinstar Multi-Asset Fund also delivered strong performance. The AUM of the two funds continued to increase, up by 254% and 104% YoY, respectively, which are key drivers of management fee income and earnings growth.