KGI Financial Holding reported an annual net income of NT$33.6 billion ($1.07 billion) for 2024, up 77% year-over-year, marking its second-highest profit in company history.
President Yang Wen-chun indicated the company is leaning toward cash dividends while considering a partial stock dividend component. This follows significant growth that increased the company’s net worth by NT$44 billion with earnings per share reaching NT$1.97.
KGI addressed market speculation about a potential NT$29.6 billion acquisition of EnTie Bank but declined to comment directly on the rumors. Yang noted that KGI Bank’s relatively small footprint of just 50 branches creates interest in expansion opportunities, saying any bank with numerous branches would be attractive acquisition targets.
The financial group’s life insurance arm was a standout performer with a 118% profit increase to NT$22.15 billion. KGI Securities contributed NT$10.14 billion in profits, up 38%, while maintaining market leadership and expanding wealth management assets by 33% to NT$301.8 billion.
Looking ahead to 2025, Yang emphasized the company’s focus on artificial intelligence integration and digital platform development. KGI Life Insurance plans to return to the participating policy market while KGI Securities will optimize systems and expand its sales team.
