October Profit NT$5.313 Billion, 10-Month EPS NT$3.45
CTBC Financial Holding announced on the 11th its self-reported earnings for October 2026. Affected by stock market volatility in October, its subsidiary Taiwan Life posted a single-month net loss after tax of NT$499 million, dragging down the holding company's consolidated net profit after tax for October to NT$5.313 billion. Cumulative consolidated net profit after tax for the first 10 months of this year was NT$68.55 billion, up slightly by 1.79% year-on-year, with earnings per share after tax of NT$3.45, maintaining stable overall profitability.
Including FVOCI Gains, Total Reaches NT$148.828 Billion, Exceeding Any Full-Year in History
Life insurance holding companies this year have adopted two major accounting bulletins. Gains and losses on disposal of equity instruments measured at fair value through other comprehensive income (FVOCI) are not included in current net income, but are directly reflected in retained earnings, which is one of the sources of distributable earnings. CTBC Financial Holding stated that after-tax disposal gains on FVOCI equity instruments in October totaled NT$12.053 billion, with a cumulative total of NT$80.278 billion for the first 10 months. Calculated as October current net income plus after-tax disposal gains on FVOCI equity instruments, October amounted to NT$17.366 billion, and the cumulative total for the first 10 months was NT$148.828 billion, surpassing full-year profit performance in any prior year. The combined impact of the two on retained earnings was NT$7.57 per share.
CTBC Bank Earned NT$55.034 Billion in First 10 Months, a Record High for the Period
Subsidiary CTBC Bank saw strong wealth management momentum in October, with deposit and loan businesses remaining stable, posting a single-month net profit after tax of NT$5.509 billion. Cumulative net profit after tax for the first 10 months was NT$55.034 billion, up 18% year-on-year, setting a new record high for the same period. In addition to improved net interest margin, wealth management business grew by more than 30%, while credit card spending and deposit and loan balances both recorded double-digit growth, showing continued core business momentum and serving as the main pillar of the holding company's profitability.
Taiwan Life Posts Monthly Loss, New Contract Premiums Up 64% Year-on-Year
Subsidiary Taiwan Life was affected by capital market volatility in October, with reduced investment income, posting a single-month net loss after tax of NT$499 million. Cumulative net profit after tax for the first 10 months was NT$14.429 billion. Including after-tax disposal gains on FVOCI equity instruments of NT$58.805 billion, the combined impact of the two on retained earnings totaled NT$73.234 billion. The main sources were amortization of contractual service margin accumulated from past insurance contracts, fund valuation gains, and the remeasurement of investment-type policies under IFRS 15. In terms of insurance business momentum, driven by sales of participating and investment-type policies, cumulative new contract premiums reached NT$94.4 billion, up 64% year-on-year.