Fubon Financial Holding Co. reported record-high net income of NT$150.8 billion ($4.7 billion) for 2024, maintaining its position as Taiwan’s most profitable financial group for the 16th consecutive year.
The financial giant posted earnings per share of NT$10.77 as total assets grew 8.7% to over NT$12 trillion by year-end. Net worth increased 18.5% to NT$951.1 billion, with book value per common share reaching NT$62.58.
Fubon Life Insurance, the group’s largest profit contributor, delivered net income of NT$102.7 billion to lead the industry. The unit achieved a record-high investment return of 5.48% while growing its total investment assets by 7.4% to NT$5.18 trillion.
Taipei Fubon Bank saw profits rise 24.2% to NT$30.4 billion, driven by 8.4% growth in net interest income and a 37.1% surge in fee revenue. The bank’s credit card business performed particularly well with fees jumping 68%, boosted by its Costco card and increased overseas transactions.
Fubon Securities broke the NT$10 billion profit threshold for the first time, with earnings of NT$10 billion representing 42% year-on-year growth.
Chairman Ming-Hsing Tsai cited three strategic priorities for 2025: deepening customer relationships, advancing sustainability initiatives, and continuing digital transformation.
