First Insurance Co Ltd

Chart & Performance

D1W1MN

P/E

11.60

P/S

1.00

EPS

2.11

Div Yield, %

2.94%

Shrs. gr., 5y

0.01%

Rev. gr., 5y

3.83%

Revenues

7.39b

+6.66%

Net income

636m

+13.85%

CFO

297m

+365.48%

Dividend

Jul 26, 20241.13 TWD/sh

Earnings

Jun 25, 2025

Profile

The First Insurance Co., Ltd. provides a range of insurance products and related services to commercial and personal line customers in Taiwan. The company offers fire, fire and allied perils, residential fire and earthquake, and house all-risk insurance products; marine cargo and hull, fishing vessel, and carrier's liability insurance products; automobile hull and theft, automobile third party and insurance rider, automobile and motorcycle liability insurance products; and erection all risk, installation all risk, electronic equipment, contractors' plant and machinery, boiler and pressure vessel, machinery breakdown, agricultural machinery all-risk, and civil engineering completed risk insurance products. It also provides public, elevator, contractors', employers', product, golfers', security, public transportation, hospital comprehensive, financial industry safety deposit box, and directors and officers liability insurance products, as well as professional indemnity for architects and engineers, accountants, insurance agents/brokers, travel agencies, and lawyers; and medical malpractice, human clinical trial, and golfers all risk insurance products. In addition, the company offers blanket fidelity bond and insurance brokers' blanket bond insurance products; credit, health, and aviation insurance products; money, burglary and theft, bankers' all risk, commercial property floater, artwork comprehensive, and shop insurance products; personal accident, group accident, comprehensive personal travel, women's comprehensive, credit card comprehensive, and micro-group casualty insurance products; reinsurance products for non-life risks; and damage prevention services. The First Insurance Co., Ltd. was founded in 1962 and is headquartered in Taipei, Taiwan.

URL

https://www.firstins.com.tw/

IPO date

Nov 28, 2000

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	7,394,603 6.66%	6,932,881 6.12%	6,533,097 11.74%
Cost of revenue	1,531,181	1,690,995	1,472,962
Unusual Expense (Income)
NOPBT	5,863,422	5,241,886	5,060,135
NOPBT Margin	79.29%	75.61%	77.45%
Operating Taxes	118,227	116,087	92,338
Tax Rate	2.02%	2.21%	1.82%
NOPAT	5,745,195	5,125,799	4,967,797
Net income	636,241 13.85%	558,847 1.03%	553,137 261.81%
Dividends	(216,838)	(364,408)	(105,407)
Dividend yield	3.88%	7.65%	2.39%
Proceeds from repurchase of equity
BB yield
Debt
Debt current
Long-term debt	7,540	10,256	9,452
Deferred revenue
Other long-term liabilities		195,834	(97,660)
Net debt	(16,510,381)	(15,570,661)	(14,821,908)
Cash flow
Cash from operating activities	296,951	63,794	43,130
CAPEX	(12,592)	(28,835)	(42,404)
Cash from investing activities	(22,504)	(28,835)	(42,561)
Cash from financing activities	(220,986)	(368,497)	(108,729)
FCF	12,953,228	4,576,851	3,568,646
Balance
Cash	4,044,813	3,920,255	4,361,767
Long term investments	12,473,108	11,660,662	10,469,593
Excess cash	16,148,191	15,234,273	14,504,705
Stockholders' equity	8,127,631	7,562,534	7,271,418
Invested Capital	10,301,308	9,933,047	9,445,448
ROIC	56.79%	52.90%	53.37%
ROCE	31.66%	29.78%	30.10%
EV
Common stock shares outstanding	301,536	301,484	301,425
Price	18.55 17.41%	15.80 7.85%	14.65 10.15%
Market cap	5,593,493 17.43%	4,763,447 7.87%	4,415,876 10.18%
EV	(10,916,888)	(10,807,214)	(10,406,032)
EBITDA	5,913,570	5,292,442	5,105,382
EV/EBITDA
Interest	113	18	35
Interest/NOPBT	0.00%	0.00%	0.00%