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Taiwanese (TAIEX) Insurance Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies13
  • 7D1.7%
  • 3M14.9%
  • 1Y9.1%
  • YTD10.6%

Over the last 7 days, the Insurance industry has risen 4.7%, driven by gains from Cathay Financial Holding of 3.7%. This takes the industry's 12 month performance to a gain of 9.2%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Taiwanese Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025NT$2.9tNT$2.7tNT$231.4b11.6x12.6x1.1x
Sat, 22 Nov 2025NT$2.6tNT$3.0tNT$232.9b11.5x11.3x0.9x
Mon, 20 Oct 2025NT$2.7tNT$3.0tNT$222.3b12.5x12x0.9x
Wed, 17 Sep 2025NT$2.6tNT$2.7tNT$222.2b12.3x11.8x1x
Fri, 15 Aug 2025NT$2.6tNT$2.4tNT$301.1b9.5x8.6x1.1x
Sun, 13 Jul 2025NT$2.7tNT$2.6tNT$310.0b9.3x8.6x1x
Tue, 10 Jun 2025NT$2.9tNT$2.6tNT$310.0b10x9.3x1.1x
Thu, 08 May 2025NT$2.5tNT$2.4tNT$322.4b9.5x7.9x1x
Sat, 05 Apr 2025NT$2.8tNT$2.4tNT$322.4b10.1x8.7x1.2x
Mon, 03 Mar 2025NT$2.8tNT$2.6tNT$245.4b10.3x11.3x1.1x
Wed, 29 Jan 2025NT$2.9tNT$2.7tNT$258.5b10.4x11.4x1.1x
Fri, 27 Dec 2024NT$3.0tNT$2.7tNT$258.5b10.4x11.4x1.1x
Sun, 24 Nov 2024NT$2.9tNT$2.2tNT$240.9b10.1x11.9x1.3x
Tue, 22 Oct 2024NT$3.1tNT$2.1tNT$249.7b11x12.3x1.4x
Thu, 19 Sep 2024NT$2.7tNT$2.1tNT$249.7b10.3x11x1.3x
Sat, 17 Aug 2024NT$2.8tNT$2.1tNT$199.6b12.3x13.9x1.3x
Mon, 15 Jul 2024NT$2.8tNT$2.0tNT$192.8b11.4x14.6x1.4x
Wed, 12 Jun 2024NT$2.5tNT$2.0tNT$192.8b10.8x12.8x1.2x
Fri, 10 May 2024NT$2.2tNT$2.3tNT$119.7b10.8x18.4x1x
Sun, 07 Apr 2024NT$2.1tNT$2.3tNT$119.3b9.8x17.5x0.9x
Tue, 05 Mar 2024NT$1.9tNT$2.0tNT$51.2b15x36.9x0.9x
Thu, 01 Feb 2024NT$1.8tNT$2.0tNT$49.6b14.4x37.1x0.9x
Sat, 30 Dec 2023NT$1.9tNT$2.0tNT$49.6b15.8x37.9x0.9x
Mon, 27 Nov 2023NT$1.9tNT$2.0tNT$39.3b15.3x47.8x1x
Wed, 25 Oct 2023NT$2.0tNT$1.9tNT$28.9b14.9x68x1x
Fri, 22 Sep 2023NT$1.9tNT$1.9tNT$28.9b15.7x66.7x1x
Sun, 20 Aug 2023NT$1.9tNT$1.7tNT$9.9b14.3x192.5x1.1x
Tue, 18 Jul 2023NT$1.9tNT$1.8tNT$8.0b17.7x242.4x1.1x
Thu, 15 Jun 2023NT$2.0tNT$1.6tNT$8.0b17.9x249.5x1.2x
Sat, 13 May 2023NT$1.9tNT$1.2tNT$88.4b15.1x21.6x1.7x
Mon, 10 Apr 2023NT$1.9tNT$1.2tNT$88.5b14.4x21.3x1.6x
Wed, 08 Mar 2023NT$2.0tNT$1.6tNT$197.3b9.4x9.9x1.2x
Fri, 03 Feb 2023NT$2.0tNT$1.6tNT$205.6b9.8x9.9x1.3x
Sun, 01 Jan 2023NT$1.8tNT$1.6tNT$205.6b8.6x8.9x1.1x
Price to Earnings Ratio

8.9x


Total Market Cap: NT$1.8tTotal Earnings: NT$205.6bTotal Revenue: NT$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Insurance Industry Price to Earnings3Y Average 37.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Taiwanese Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.7x which is lower than its 3-year average PE of 37.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 4.0% per year over the last three years.
  • Revenues for these companies have grown 19% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Taiwanese Financials industry?

TW Market3.05%
Financials1.12%
Insurance1.67%
Life and Health Insurance1.79%
Insurance Brokers0%0
Reinsurance-1.32%
Property and Casualty Insurance-1.85%
General Insurance-7.56%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 19.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2882 Cathay Financial HoldingNT$75.903.7%
+NT$39.6b		10.5%PE14.2x
2881 Fubon Financial HoldingNT$98.000.7%
+NT$9.6b		9.8%PE11.5x
2883 KGI Financial HoldingNT$17.550.6%
+NT$1.7b		0.4%PE13x
2832 Taiwan Fire & Marine InsuranceNT$50.801.2%
+NT$152.1m		23.9%PE11.6x
2816 Union InsuranceNT$29.501.4%
+NT$89.4m		-6.1%PE6.8x

Latest News

2867
NT$7.96
Mercuries Life Insurance
7D
-0.1%
1Y
24.8%
2882
NT$75.90
Cathay Financial Holding
7D
3.7%
1Y
10.5%

2882: Fair Value Will Remain Stable As Profit Margins Offset Weaker Revenue

Analysts have inched their price target on Cathay Financial Holding higher to approximately $69.52 from about $69.05, citing expectations of stronger profit margins and a slightly richer future earnings multiple that offset weaker projected revenue growth and a marginally lower discount rate. Valuation Changes The Fair Value Estimate has risen slightly to NT$69.52 from NT$69.05, reflecting a modest upward revision in intrinsic value.
2881
NT$98.00
Fubon Financial Holding
7D
0.7%
1Y
9.8%

2881: Fair Value Will Remain Stable Amid Slightly Lower Discount Rate

Analysts have raised their price target on Fubon Financial Holding slightly to reflect modestly improved fair value estimates of approximately TWD 91.55. This revision is underpinned by a marginally lower discount rate and slightly stronger projected profit margins, despite a small downgrade to long term revenue growth assumptions.
2883
NT$17.55
KGI Financial Holding
7D
0.6%
1Y
0.4%
2850
NT$117.00
Shinkong Insurance
7D
-3.7%
1Y
12.0%
2905
NT$16.00
Mercuries & Associates Holding
7D
-4.8%
1Y
2.6%
6028
NT$110.00
Golden Insurance BrokersLtd
7D
-7.6%
1Y
-5.1%
2852
NT$27.95
First Insurance
7D
-0.5%
1Y
13.8%
2851
NT$26.10
Central Reinsurance
7D
-1.3%
1Y
1.4%
2816
NT$29.50
Union Insurance
7D
1.4%
1Y
-6.1%
2832
NT$50.80
Taiwan Fire & Marine Insurance
7D
1.2%
1Y
23.9%
5859
NT$16.25
Farglory Life Insurance
7D
-0.6%
1Y
5.1%