Fubon Financial H1 2026 slides: record profit driven by broad gains

Fubon Financial Holdings reported strong first-half 2026 results on August 24, surpassing net income expectations with NT$97.39 billion, propelled by a record NT$188.46 billion in combined net income including certain equity gains. The results marked a notable improvement over the previous year, even after accounting for the company's shift to new accounting standards.

Major subsidiaries—Fubon Life, Taipei Fubon Bank, Fubon Securities, and Fubon Insurance—all posted record-high performance for the period, underscoring the strength of Fubon Financial's diversified business model. Total assets grew by 15.7% year-over-year to NT$13.7 trillion, while net worth increased by 55.3% to exceed NT$1.2 trillion.

Book value per share climbed to NT$83.7, and adjusted book value per share reached NT$109.3. Profitability metrics improved significantly, with return on average equity at 18.00% (34.83% when adjusted for FVOCI gains) and return on average assets at 1.47% (2.85% adjusted). The company's substantial FVOCI equity disposal gain of NT$91.07 billion added to the headline results and reflected meaningful operational improvements across all business lines.

Fubon Life, Taiwan's second-largest life insurer, generated NT$55.63 billion in net income, with combined net income and gains reaching NT$143.29 billion. Taipei Fubon Bank delivered NT$25.74 billion in net income, a 31.9% year-over-year increase, driven by loan and deposit growth and strong wealth management services. Fubon Securities posted a remarkable 171.8% year-over-year increase in net income to NT$11.02 billion, capitalizing on active trading in Taiwan's stock market.

Fubon Insurance reported NT$5.58 billion in net income, with combined net income and gains totaling NT$7.41 billion, maintaining its market-leading position. The company's balance sheet evolution and IFRS 17 adoption enhanced reported figures, with adjusted net worth exceeding NT$1.6 trillion. Strong capital markets supported sales of participating and investment-linked products, with Fubon Life's first-year premiums surging 35.1% year-over-year to NT$85.0 billion.