FSC statistics show that in 2026年前三季, the financial three sectors including banks, securities/futures/investment trusts and insurance posted cumulative pre-tax profits of 1兆2715.44億元, up about 5552億元 from 7163.75億元 in the same period last year, up 77.4% year-on-year, hitting a record high for the same period. Among them, both September and cumulative first-three-quarter profits of the banking sector hit record highs for the period, while total profits of the securities/futures/investment trust sector rose 152.11% year-on-year, marking at least a six-year high for the period.
Banking Sector Earned 5946億 in First Nine Months, Continuing Record High
Cumulative pre-tax profits of the banking sector in the first nine months were 5946.9億元, up 1067.5億元 from the same period last year, up 21.9%, continuing to set a record high for the same period. Among them, pre-tax profits of domestic banks were 5399億元, accounting for over 90%, up 18.4% year-on-year, also hitting a record high for the period. 王允中, Deputy Director-General of the Banking Bureau, noted that profit growth was mainly driven by loan growth boosting interest income, growth in financial management business and increased bond investments driving higher net fee income. Profits of mainland Chinese banks in Taiwan fell by more than 30% year-on-year in the first nine months, mainly due to reduced gains from derivative financial product investments and other net income.
September Monthly Profit Fell, 儲匯 in Loss for Two Consecutive Months
In September, pre-tax profits of the banking sector were 568.8億元, down 45.7億元 from the previous month. Among them, domestic banks posted profits of 545.2億元, down 67.4億元 month-on-month, mainly due to a larger decline in investment and other net income. 儲匯 has posted negative pre-tax profits for two consecutive months, with losses in August and September mainly due to provisions for employee retirement pensions. 王允中 emphasized that although 儲匯 posted losses in the past two months, overall banking profits in September remained the highest for the same period in history.
Securities/Futures/Investment Trusts Up 1.5 Times Year-on-Year, At Least Six-Year High
Total pre-tax net profits of securities, futures and investment trusts in the first nine months were 2791.54億元, up sharply by 1684.29億元 from 1107.25億元 in the same period last year, up 152.11%, with all three subsectors growing year-on-year. Pre-tax net profits of securities firms rose by 1430.47億元 year-on-year, up 171.35%, mainly as higher stock market turnover boosted brokerage income, along with higher proprietary trading and underwriting income. Futures firms rose by 53.31億元 year-on-year, up 74.22%, driven by gains on disposal and valuation of securities invested with own funds. Investment trust firms rose by 200.51億元 year-on-year, up 99.96%, mainly as assets under management rose, boosting management fee income. In September, total pre-tax net profits were 274.29億元, down 103.54億元 from 377.29億元 in the previous month, down 27.3% month-on-month. Among them, securities firms' operating income fell by 121.41億元 month-on-month, mainly as proprietary trading income fell by 93.08億元, accounting for 76.67%. Futures firms fell by 2.39億元 month-on-month, mainly as market changes were unfavorable for proprietary operations, with profits down 2.32億元 month-on-month. Investment trusts rose by 2.93億元 month-on-month, mainly on higher management fee income.
Insurance Relied on Investments, Life Insurers' Financial Results Plunged
Total pre-tax profits of life and non-life insurance in the first nine months reached 3977億元, compared with 1177億元 in the same period last year. Pre-tax profits of life insurers were 3523億元, comprising insurance service results of 1580億元, financial results of 2676億元 and other operating results of negative 144億元, showing investment gains were the main driver of surging profits. Pre-tax profits of non-life insurers in the first three quarters were 454億元, comprising insurance service results of 336億元, financial results of 162億元 and other operating results of negative 72億元, showing core underwriting was the main profit source. In September, total pre-tax profits of life and non-life insurers were 180億元, down sharply from 692億元 in the previous month, with life insurers contributing 139億元 and non-life insurers 41億元. The decline was mainly as life insurers' financial result gains plunged from 549億元 in August to 38億元 in September, estimated to reflect rising U.S. bond yields affecting bond valuations and other factors.