October Profit Slowed, Retained Earnings Contribution Hit Record High
KGI Financial Holding announced on 13日 self-assessed after-tax profit of 4.8億元 for 2026年10月, cumulative after-tax profit of 394.11億元 for the first 10 months this year, EPS of 2.29元. October FVOCI stock disposal gains were about 55.62億元, combined with single-month after-tax profit, total contribution to retained earnings reached 60.42億元. Cumulative realized stock disposal gains for the first 10 months reached 602.57億元, combined with after-tax profit, total contribution reached 996.68億元, a record high for the same period in history.
KGI Financial said, although October Taiwan stock market trading volume increased from the previous month, investor concerns over AI investment returns heated up, coupled with increased foreign investor selling pressure, the broader market index fell 5.7% in the single month, weighing on investment position valuation performance. Despite this, core business operating momentum of its main subsidiaries remained resilient.
Banking Core Income Stable, Wealth Management Momentum Strong
In banking business, supported by core income such as interest and fee income, overall operating performance was stable. KGI Bank posted after-tax profit of 6.89億元 in October, after-tax profit of 59.58億元 for the first 10 months this year, cumulative pre-provision net profit of 84.3億元 for the first 10 months, up 16% from the same period last year. Wealth management business maintained growth momentum, with wealth management fee income growing over 30% from the same period last year.
Securities Earned Over 253億 Cumulatively, Up 170% Year-on-Year
In securities business, October capital markets saw a pullback correction, compressing room for investment operations, KGI Securities posted single-month after-tax profit of 11.31億元, cumulative after-tax profit of 253.57億元 for the first 10 months this year, up sharply by 170% from the same period last year. Among them, Taiwan brokerage market share remained No. 2 among peers. With continued cultivation of Asia-Pacific wealth management business, Taiwan and Hong Kong wealth management revenue hit new highs, with cumulative wealth management fee income growing 5成 and 1倍 respectively from the same period last year. Total sponsored underwriting amount remained No. 1 in the industry, and driven by high-quality deal sources, underwriting fee income grew 6成 from the same period last year. Although October profit was affected by market volatility, core business still showed strong momentum, with cumulative annualized ROE of nearly 4成, outperforming peers.
Life Insurance Posted Monthly Loss, New Contract Premiums Hit Record High
In life insurance business, KGI Life continued to focus on long-term and protection-type products to accumulate CSM, with participating policies, foreign-currency policies and investment-type products as sales focuses. October new contract premium income reached 142億元, up 121% year-on-year, cumulative for the first 10 months this year reached 1220億元, up 106% year-on-year, a new high for the same period since 2020. October insurance core business continued steady growth, but affected by domestic and foreign financial market turbulence, some stock investment positions incurred unrealized valuation losses due to market price fluctuations, resulting in single-month after-tax net loss of 4.03億元, cumulative after-tax profit of 130.48億元 for the first 10 months.
KGI Life adhered to a prudent investment strategy and actively seized market swing trading opportunities, with October and cumulative first-10-month FVOCI stock disposal gains reaching 55.62億元 and 599.7億元 respectively. Including FVOCI stock disposal gains in after-tax profit, contributions to retained earnings for October and cumulative first 10 months were 51.59億元 and 730.18億元 respectively, with overall investment income remaining at a stable level.