Narrative Update • Apr 25

The Insurance industry is up 5.4% in the last week, with Fubon Financial Holding up 7.4%. This means that the industry has gained 35% over the past year. Looking forward, earnings are forecast to grow by 7.6% annually.
Has the Taiwanese Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | NT$3.1t | NT$2.9t | NT$267.1b | 10.9x | 11.6x | 1.1x |
| Tue, 07 Apr 2026 | NT$2.8t | NT$2.9t | NT$267.1b | 10.2x | 10.5x | 1x |
| Thu, 05 Mar 2026 | NT$2.8t | NT$2.7t | NT$231.4b | 11.3x | 12.2x | 1x |
| Sat, 31 Jan 2026 | NT$2.8t | NT$2.7t | NT$231.4b | 11.2x | 12.2x | 1x |
| Mon, 29 Dec 2025 | NT$2.9t | NT$2.7t | NT$231.4b | 11.5x | 12.5x | 1.1x |
| Wed, 26 Nov 2025 | NT$2.7t | NT$3.0t | NT$232.9b | 11.8x | 11.7x | 0.9x |
| Fri, 24 Oct 2025 | NT$2.7t | NT$3.0t | NT$222.3b | 12.6x | 12.2x | 0.9x |
| Sun, 21 Sep 2025 | NT$2.6t | NT$3.0t | NT$226.0b | 12.3x | 11.5x | 0.9x |
| Tue, 19 Aug 2025 | NT$2.6t | NT$2.4t | NT$299.6b | 9.2x | 8.7x | 1.1x |
| Thu, 17 Jul 2025 | NT$2.7t | NT$2.6t | NT$310.0b | 9.4x | 8.8x | 1x |
| Sat, 14 Jun 2025 | NT$2.9t | NT$2.6t | NT$310.0b | 10.2x | 9.2x | 1.1x |
| Mon, 12 May 2025 | NT$2.5t | NT$2.4t | NT$321.5b | 10x | 7.8x | 1x |
| Wed, 09 Apr 2025 | NT$2.5t | NT$2.4t | NT$322.4b | 9.4x | 7.6x | 1x |
| Fri, 07 Mar 2025 | NT$2.8t | NT$2.6t | NT$245.4b | 10.6x | 11.3x | 1.1x |
| Sun, 02 Feb 2025 | NT$2.9t | NT$2.7t | NT$258.5b | 10.4x | 11.4x | 1.1x |
| Tue, 31 Dec 2024 | NT$2.9t | NT$2.7t | NT$258.5b | 10.4x | 11.4x | 1.1x |
| Thu, 28 Nov 2024 | NT$2.9t | NT$2.2t | NT$245.7b | 10.1x | 11.7x | 1.3x |
| Sat, 26 Oct 2024 | NT$3.1t | NT$2.1t | NT$249.7b | 11.1x | 12.4x | 1.4x |
| Mon, 23 Sep 2024 | NT$2.8t | NT$2.1t | NT$249.7b | 10.4x | 11.3x | 1.3x |
| Wed, 21 Aug 2024 | NT$2.7t | NT$2.1t | NT$199.7b | 11.7x | 13.6x | 1.3x |
| Fri, 19 Jul 2024 | NT$2.8t | NT$2.0t | NT$192.8b | 11.3x | 14.3x | 1.4x |
| Sun, 16 Jun 2024 | NT$2.4t | NT$2.0t | NT$192.8b | 10.4x | 12.6x | 1.2x |
| Tue, 14 May 2024 | NT$2.3t | NT$2.3t | NT$119.7b | 10.9x | 19.1x | 1x |
| Thu, 11 Apr 2024 | NT$2.1t | NT$2.3t | NT$119.4b | 10.2x | 17.7x | 0.9x |
| Sat, 09 Mar 2024 | NT$1.9t | NT$2.0t | NT$51.2b | 15.4x | 37.6x | 0.9x |
| Mon, 05 Feb 2024 | NT$1.8t | NT$2.0t | NT$49.6b | 14.5x | 37.2x | 0.9x |
| Wed, 03 Jan 2024 | NT$1.9t | NT$2.0t | NT$49.6b | 15.6x | 37.9x | 0.9x |
| Fri, 01 Dec 2023 | NT$1.9t | NT$1.8t | NT$37.5b | 15.6x | 50.3x | 1x |
| Sun, 29 Oct 2023 | NT$2.0t | NT$1.9t | NT$28.9b | 14.8x | 68.1x | 1.1x |
| Tue, 26 Sep 2023 | NT$1.9t | NT$1.9t | NT$28.9b | 15.8x | 66.7x | 1x |
| Thu, 24 Aug 2023 | NT$1.9t | NT$1.7t | NT$11.6b | 14.5x | 164.1x | 1.1x |
| Sat, 22 Jul 2023 | NT$1.9t | NT$1.8t | NT$8.0b | 17.7x | 237.6x | 1.1x |
| Mon, 19 Jun 2023 | NT$2.0t | NT$1.6t | NT$8.0b | 17.6x | 246.6x | 1.2x |
| Wed, 17 May 2023 | NT$1.9t | NT$1.2t | NT$88.4b | 14.8x | 22x | 1.7x |
22x
Which industries have driven the changes within the Taiwanese Financials industry?
| TW Market | 6.73% | |
| Financials | 3.81% | |
| Insurance | 5.44% | |
| Life and Health Insurance | 5.59% | |
| Reinsurance | 3.32% | |
| Property and Casualty Insurance | 0.28% | |
| Insurance Brokers | -0.25% | |
| General Insurance | -1.50% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2881 Fubon Financial Holding | NT$96.70 | 7.4% +NT$93.8b | 28.1% | PE11.6x | |
| 2882 Cathay Financial Holding | NT$80.00 | 3.6% +NT$41.1b | 44.9% | PE11.3x | |
| 2883 KGI Financial Holding | NT$22.90 | 6.5% +NT$23.8b | 42.8% | PE13.2x | |
| 2851 Central Reinsurance | NT$31.15 | 3.3% +NT$800.4m | 19.3% | PE8.5x | |
| 2867 Mercuries Life Insurance | NT$7.83 | 1.6% +NT$707.9m | 50.3% | PE39.2x |