Cathay Financial Holding Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Month and Year Ended December 2016
January 10, 2017 at 04:00 am EST
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Cathay Financial Holding Co., Ltd. reported unaudited consolidated earnings results for the month and year ended December 2016. For the month, the company reported pre-tax loss of TWD 1.18 billion and after tax profit of TWD 2.67 billion.
For the year, the company reported pre-tax profit of TWD 50.06 billion and after tax profit of TWD 48.09 billion. EPS (after tax) was TWD 3.79. Accumulated EPS as of the end of December (excluding foreign exchange valuation reserve) was TWD 4.50. Accumulated EPS as of the end of December (excluding recovered special reserve - the net increase in fair value of investment property) was TWD 3.00. Accumulated EPS as of the end of December (excluding factoring in catastrophe insurance reserves mechanism) was TWD 3.78.
Cathay Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and the management of investment business. The Company operates through five business segments. The Banking Business segment is mainly engaged in the banking, foreign exchange, guarantee, foreign exchange investment, trust and offshore financial businesses. The Life Insurance Business segment is principally engaged in the sales of traditional, investment and interest rate variable annuities and various insurance products, as well as provision of financial planning services. The Property Insurance Business segment is mainly engaged in the fire insurance, marine insurance, land and air insurance, guarantee insurance and reinsurance. The Securities Business segment is mainly engaged in the securities brokerage, self-employed and underwriting businesses, as well as provision of related financial services. The Others segment is mainly engaged in other assets and others.
CATHAY FINANCIAL HOLDING CO., LTD. 
