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First Financial Holding Co. Ltd. Interim / Quarterly Report 2026

Jun 18, 2026

52222_rns_2026-06-18_cb654f64-e241-410e-b0b1-fad80ddba9ae.pdf

Interim / Quarterly Report

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First Financial Holding Co., Ltd.

高盛證券2026年6月亞洲金融企業日

第一金控

2026年第一季營運報告

Juan 26, 2026

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First Financial Holding Co., Ltd.

免責聲明

本份簡報由第一金控提供，內容並未經會計師或任何獨立公正第三者查閱，使用者在閱讀簡報資料同時，應參考第一金控向主管機關所申報公開且完整的各項財務業務訊息，我們會盡力確保簡報內容的正確性、完整性與精準度，但第一金控並不保證所有資料皆準確無誤，簡報公開後，我們亦不承擔有因情勢變更而即時修正相關內容之義務。

使用者亦應注意，本份簡報可能包含前瞻性陳述。任何非歷史性資料，包括公司經營策略、營運計畫與未來展望等皆屬前瞻性陳述範疇，而前瞻性陳述本身的不確定性、風險、假設或其它因素如：法規變化、競爭環境、科技發展、經濟情勢與經營上的改變等，皆有可能導致公司實際營運結果與簡報陳述有重大差異。

簡報的內容、陳述或主張非為買賣或提供買賣任何有價證券或金融商品的邀約、邀約之引誘或建議。第一集團及其各關係企業代表人無論過失或其它原因，均不對使用或因他人引用本份簡報資料、亦或其它因簡報資料導致的任何損害負擔任何責任。

First Financial Holding Co., Ltd.

內容

  • 公司簡介
  • 業務摘錄
  • 財務概要
  • 營運成果
  • 附件

公司簡介

First Financial Holding Co., Ltd.

公司簡介

第一金(TPE: 2892)係以銀行為主體之金融控股公司，約 90% 之獲利來自銀行業務，惟近年非銀子公司穩定成長，獲利貢獻朝佔集團獲利 15% 目標邁進。第一金透過子公司提供存款、放款、財富管理、證券、投信、人壽等金融服務。

系統性重要銀行之一，具備堅實之存款基礎。中小企業放款市占率逾 9% 、領先台灣同業；海外營運貢獻銀行稅前獲利近 30% 。

財富管理業務持續成長，目前財富管理業務之手續費收入約占整體手續費收入 70% ，而高資產客戶之資產管理規模亦領先同業。

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股東權益報酬率（ROAE）

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稅後淨利 (in NT$ mn)

股利配發 (in NT$)
2022 2023 2024 2025
每股稅後淨利 1.56 1.65 1.81 1.87
每股股利 1.10 1.15 1.20 1.30
股票股利 0.30 0.30 0.25 0.00
現金股利 0.80 0.85 0.95 1.30
現金股利配發率 51.3% 51.5% 52.5% 69.5%

業務摘錄

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First Financial Holding Co., Ltd.

最好的第一季表現

  • 受惠於銀行與證券子公司成長動能，第一金第一季獲利創同期新高
    第一金本季稅後淨利年增26.5%達NT$82.44億元，其中旗艦子公司第一銀行之獲利年增11.7%達NT$75.73億元，第一金證券子公司獲利年增325.8%達NT$5.11億元，進而推升整體非銀行子公司之獲利貢獻佔比由去年之9%提升至12%。

  • 銀行獲利由淨利息收益與淨手收攀升所帶動
    1Q26淨利息收入年增22.3%而淨手收年增13.7%，充分抵銷換匯交易（SWAP）收益之下滑；資產品質依舊維持良好，逾放比為0.16%而覆蓋率升至865.23%。

  • 放款成長強勁
    總放款在科技業熱潮帶動下年增10.8%，中小企業、外幣與大企業放款在資本支出及營運資金周轉暢旺情況下分別年增8.2%、17.3%與10.5%。

  • 擬配發每股現金股利NT$1.30元
    第一金董事會已通過2025年盈餘分配案，將提報2026年股東會核准配發現金股利每股NT$1.30元，相當於69.5%之現金股利配發率。

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財務概要

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First Financial Holding Co., Ltd.

第一金主要財務數字

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獲利組合 (in NT$ mn)

1Q25¹ 1Q26 YoY %
稅後淨利 6,518 8,244 +26.5%
綜合損益 8,685 8,768 +1.0%
總資產 4,787,163 5,146,398 +7.5%
每股盈餘 0.45 0.57 +26.7%
每股淨值 19.83 20.70 +4.4%
股本 140,287 143,795 +2.5%
平均淨值報酬率 9.56% 11.16% +16.7%
平均資產報酬率 0.56% 0.64% +14.3%
集團資本適足率² 133.09% 128.80% -3.2%
雙重槓桿比率³ 111.61% 114.16% +2.3%
  1. 除集團資本適足率之外，所有數字均以IFRS17為計算基礎
  2. 1Q25數字以IFRS4為計算基礎，1Q26數字以IFRS17為計算基礎
  3. 雙重槓桿比率 = 股權投資 / 股東權益

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First Financial Holding Co., Ltd.

第一金稅後淨利與綜合損益

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1Q26合併淨利與綜合損益 (in NT$ mn)

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1Q25合併淨利與綜合損益 (in NT$ mn) 1

  1. 1Q25之金控及人壽數字以IFRS17為計算基礎

First Financial Holding Co., Ltd.

子公司獲利表現¹

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1Q26主要子公司稅後淨利 (in NT$ mn)

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1Q25主要子公司稅後淨利 (in NT$ mn)²

  1. 僅列五家主要子公司
  2. 1Q25之金控及人壽數字以IFRS17為計算基礎

營運成果

First Financial Holding Co., Ltd.

第一金與一銀獲利能力

- 稅後淨利

第一金淨利 & 年化股東權益報酬率 (in NT$ mn) 1

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累積淨利
年化股東權益報酬率

一銀淨利 & 年化股東權益報酬率 (in NT$ mn)

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累積淨利
年化股東權益報酬率

  1. 僅3M26數字以IFRS17為計算基礎，其餘數字均以IFRS4為計算基礎

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First Financial Holding Co., Ltd.

一銀稅前獲利結構

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累積淨收益 (in NT$ mn)

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稅前獲利結構 (in NT$ mn)

一銀各項淨收益及費用佔比分析

項目 1Q25 1Q26 Change
淨利收 45.7% 50.9% +5.2%
淨手續費收益 21.3% 22.1% +0.8%
投資收益/短投 0.1% 1.4% +1.3%
投資收益/長投 0.7% 0.8% +0.1%
投資收益/其他金融商品 30.6% 21.4% -9.2%
其他 1.6% 3.4% +1.8%
淨收益 100.0% 100.0%
呆帳費用(淨額) -0.4% -5.1% -4.7%
營業費用 -45.4% -41.2% +4.2%
稅前獲利 54.2% 53.7% -0.5%

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First Financial Holding Co., Ltd.

一銀放款結構

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總放款 (in NT$ bn)

總放款結構

項目 1Q25 1Q26 Change
消金放款 31.3% 30.6% -0.7%
房貸 27.4% 26.1% -1.3%
其他消金 3.9% 4.5% +0.6%
法金放款 68.7% 69.4% +0.7%
大企業放款 12.8% 12.8% 0.0%
中小企業放款² 35.8% 34.9% -0.9%
外幣放款 17.2% 18.2% +1.0%
--- 海外分行 12.3% 12.3% 0.0%
政府公營 2.9% 3.5% +0.6%
總放款¹ 100.0% 100.0%

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總放款結構 (in NT$ bn)

  1. 總放款不含催收款
  2. 中小企業放款依經濟部"中小企業認定標準"
  3. 其他包含其他消費性貸款及政府及公營事業放款

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First Financial Holding Co., Ltd.

一銀放款結構

-季度比較

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一銀季度放款成長 (in NT$ bn)

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First Financial Holding Co., Ltd.

一銀存放比、利差與淨利息收益率

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  1. 總放款 = 放款 + 進/出口買匯 + 催收款項
  2. 利差及淨利息收益率均為累積年度平均數

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First Financial Holding Co., Ltd.

一銀存放款利率及利差

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*以上利率均為季度加權平均數字

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First Financial Holding Co., Ltd.

一銀存款結構

一銀存款結構 (in NT$ bn)

  • 新台幣存款
  • 外幣存款

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一銀新台幣活存比結構

  • 新台幣活存比

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First Financial Holding Co., Ltd.

一銀特定產業貸放集中度

特定產業貸放佔比
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製造業 (23.04%)
3.98%
5.10%
5.47%
3.72%
變化
金屬
電子資訊
機械

非製造業 (76.96%)
營造 3.01%
批發零售 9.78%
不動產 10.70%
運輸倉儲 2.94%
金融及保險 5.51%

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First Financial Holding Co., Ltd.

一銀房貸分析

房貸利率 & 房貸成數比

☐ 平均房貸利率
△ 新承作房貸成數
□ 平均房貸成數

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一銀房貸區域分析

房貸逾放比: 0.07%

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單月新承作房貸金額 (in NT$ mn)

■ 單月新承作房貸金額

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First Financial Holding Co., Ltd.

一銀淨手續費結構

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累積淨手續費收益 (in NT$ mn)
累積淨手續費收益

淨手續費結構

項目 1Q25 1Q26 Change
財富管理¹ 68.8% 70.9% +2.1%
放款相關 19.6% 17.2% -2.4%
外匯 5.0% 4.2% -0.8%
信用卡 2.6% 3.0% +0.4%
其他² 4.0% 4.7% +0.7%
淨手續費收益 100.0% 100.0%

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累積淨手續費收益結構 (in NT$ mn)

  1. 財富管理手續費收入 = 基金銷售 + 銀行保險 + 保管
  2. 分行（含海外分行）通路手續費

First Financial Holding Co., Ltd.

一銀淨手續費收益

-季度比較

季度淨手續費收益 (in NT$ mn)
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1. 分行（含海外分行）通路手續費
2. 財富管理手續費收入 = 基金銷售 + 銀行保險 + 保管

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First Financial Holding Co., Ltd.

一銀營業費用

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累積營業費用 (in NT$ mn)
累積營業費用

項目 1Q25 1Q26
淨收益 15,595 17,104
營業費用 (7,072) (7,056)
呆帳費用(淨) (68) (870)
所得稅 (1,677) (1,605)
淨利 6,778 7,573

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季度營業費用 & 累積營業費用佔比 (in NT$ mn)
季度營業費用 & 累積營業費用佔比

25

First Financial Holding Co., Ltd.

一銀資產品質

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逾放金額, 呆帳提存準備, 覆蓋率, 逾放比 (in NT$ mn)

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個人¹ 與房貸逾放比率

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大企業與中小企業逾放比

1.個人：包含房貸及個人非房貸

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First Financial Holding Co., Ltd.

一銀海外業務盈餘

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海外分行稅前獲利分析

18.76%
7.82%
1Q26
海外稅前獲利
NT$ 2,467mn
16.29%
16.29%

OBU/大中華
北美
東協
其他

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全行稅前獲利分析
1Q26 全行稅前獲利: NT$ 9,178mn
其它海外地區, 11.52%
OBU/大中華, 15.36%
國內市場, 73.12%

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季度海外稅前獲利佔比分析 (In NT$ mn)
海外 全行
累積海外稅前獲利/一銀全行累積稅前獲利

27.67%
26.73%
26.93%
28.66%
29.55%
26.88%
5,569
8,455
8,573
7,901
6,589
9,178
2,662
2,260
2,326
2,559
2,168
2,467
4Q24
1Q25
2Q25
3Q25
4Q25
1Q26

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First Financial Holding Co., Ltd.

資本適足率與核心資本

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全控集團資本適足率

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一銀資本適足率與核心資本

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First Financial Holding Co., Ltd.

股利分派

第一金控每股盈餘與股利派發 (in NT$)

  • 每股盈餘
  • 股利
1.52 1.56 1.65 1.81 1.87
1.20 1.10 1.15 1.20 1.30
2021 2022 2023 2024 2025

年度股利政策 (in NT$)

2021 2022 2023 2024 2025
現金股利 1.00 0.80 0.85 0.95 1.30
股票股利 0.20 0.30 0.30 0.25 0.00
總計股利 1.20 1.10 1.15 1.20 1.30
現金股利派發率 65.8% 51.3% 51.5% 52.5% 69.5%
  • 每股盈餘不按增資股數後調整

附件

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First Financial Holding Co., Ltd.

第一金控合併損益表

FFHC Consolidated Income Statement +18:P29Summary (in NT$ million or %)

Full Year Results² Year-over-Year Comparison³
2022 2023 2024 2025 1Q25 1Q26 Change
Net interest income 37,969 32,525 31,234 34,681 7,956 9,664 21.5%
Net service fee & commission 9,409 10,187 12,782 13,817 3,680 4,676 27.1%
Insurance service result 8,980 3,147 3,671 5,384 288 336 16.7%
Gain on financial assets meas. at fair value through P/L 3,271 19,205 19,237 19,664 3,729 3,659 -1.9%
Real estate investment gain 190 212 540 226 41 48 17.1%
Gain on financial assets at fair value through other compre. income 1,984 584 1,672 2,808 33 74 124.2%
Income from equity invest. 76 155 127 (22) 25 41 64.0%
Excluding gain on fin. assets measured at amort.cost (68) (409) (537) (413)
Reserve of overlay approach 237 (235) (441) 713
Net investment income/loss from separate account insurance products 137 (75) --
Net finance income/expense from insurance contracts issued (597) (407) -31.8%
Net finance income/expense from reinsurance contracts held (1) (1) 0.0%
Net gain on F/X 5,300 1,158 3,535 418 783 768 -1.9%
Assets impairment loss (6) (50) (155) 120 91 (9) --
Others 414 776 454 198 181 523 189.0%
Net Revenue 67,756 67,255 72,119 77,594 16,346 19,297 18.1%
Net Provision for credit losses (6,577) (5,818) (5,763) (6,382) (71) (899) 1166.2%
Recovered(provided) for insurance res. (8,906) (2,793) (2,614) (4,056) (0) --
Other operating cost from insurance (59) (187) 216.9%
Operating Expense (27,786) (30,382) (32,505) (33,707) (8,010) (8,175) 2.1%
Income from continued op. before tax 24,487 28,262 31,237 33,449 8,206 10,036 22.3%
Income tax expenses (3,891) (5,801) (5,878) (6,516) (1,688) (1,792) 6.2%
Consolidated net income 20,596 22,461 25,359 26,933 6,518 8,244 26.5%
Other Items (8,056) 12,440 5,659 11,136 2,167 524 -75.8%
Comprehensive Income 12,540 34,901 31,018 38,069 8,685 8,768 1.0%
EPS¹(NT$) 1.51 1.60 1.76 1.87 0.45 0.57 26.7%
  1. EPS is adjusted retroactively for stock dividends paid the next year.
  2. The figures of full year results were based on IFRS4.
  3. The figures of yoy comparison were based on IFRS17.

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First Financial Holding Co., Ltd.

第一金控非合併損益表

FFHC Non-Consolidated Income Statement Summary
in NT$ million, NT$, or %

Full Year Results² Year-over-Year Comparison³
2022 2023 2024 2025 1Q25 1Q26 Change
Operating revenues 21,270 23,514 26,359 28,299 6,741 8,548 26.8%
Income from long-term investment 21,094 23,318 26,124 28,084 6,739 8,518 26.4%
Other income 176 196 235 215 2 30 1400.0%
Operating expenses (413) (440) (485) (526) (125) (137) 9.6%
Other expenses and losses (267) (381) (465) (583) (134) (167) 24.6%
Income from continued op. before tax 20,590 22,693 25,409 27,190 6,482 8,244 27.2%
Net income 20,596 22,461 25,359 26,933 6,518 8,244 26.5%
EPS¹(NT$) 1.51 1.60 1.76 1.87 0.45 0.57 26.7%
  1. EPS is adjusted retroactively for stock dividends paid the next year.
  2. The figures of full year results were based on IFRS4.
  3. The figures of yoy comparison were based on IFRS17.

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First Financial Holding Co., Ltd.

第一金控資產負債表

FFHC Balance Sheet Summary
in NT$ million or million shares

Full Years Result^{1} Year-over-Year Comparison^{2}
2022 2023 2024 2025 1Q25 1Q26 Change
Non-consolidated Balance Sheet Data
Long-term investment 244,673 271,903 296,683 330,702 306,986 336,262 9.5%
Total non-consolidated assets 251,732 280,569 303,714 339,367 315,592 350,359 11.0%
Total liabilities 27,609 32,125 35,828 47,000 37,439 52,713 40.8%
Total shareholders' equity 224,123 248,444 267,886 292,367 278,153 297,646 7.0%
Consolidated Balance Sheet Data
Total consolidated assets 4,157,196 4,429,410 4,704,422 5,041,754 4,787,163 5,146,398 7.5%
Total liabilities 3,933,073 4,180,966 4,436,536 4,749,387 4,509,010 4,848,752 7.5%
Total shareholders' equity 224,123 248,444 267,886 292,367 278,153 297,646 7.0%
Current shares outstanding 132,234 136,201 140,287 143,795 140,287 143,795 2.5%
1. The figures of full year results were based on IFRS4.
2. The figures of yoy comparison were based on IFRS17.

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First Financial Holding Co., Ltd.

第一金控主要財務比率

FFHC Key Ratios

Full Year Results² Year-over-Year Comparison³
2022 2023 2024 2025 1Q25 1Q26 Change
After-tax ROAA (Annualized ratio) 0.52% 0.52% 0.56% 0.55% 0.56% 0.64% 14.3%
After-tax ROAE (Annualized ratio) 9.18% 9.51% 9.82% 9.61% 9.56% 11.16% 16.7%
Book Per Share 16.95 18.24 19.10 20.33 19.83 20.70 4.4%
Capital Stock 132,234 136,201 140,287 143,795 140,287 143,795 2.5%
Double leverage 110.38% 110.73% 111.97% 114.32% 111.61% 114.16% 2.3%
Group CAR 125.16% 130.05% 126.05% 130.73% 133.09% 128.80% -3.2%
Debt Ratio¹ 10.97% 11.45% 11.80% 13.85% 11.86% 15.05% 26.9%
  1. Non-consolidated basis
  2. The figures of full year results were based on IFRS4.
  3. The figures of yoy comparison were based on IFRS17 except for 1Q25 Group CAR, which was based on IFRS4.

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First Financial Holding Co., Ltd.

第一銀行非合併損益表

FB Non-Consolidated Income Statement Summary
in NT$ million or %

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Net interest income 35,001 29,245 27,888 31,352 7,119 8,710 22.3%
Net fee income 8,103 8,919 11,962 13,059 3,323 3,778 13.7%
Net gain on ST invest. 1,411 1,228 1,107 1,124 18 236 1211.1%
Net gain on LT invest. 1,062 1,104 1,316 1,325 102 133 30.4%
Net gain on other fin. products 8,518 17,684 19,814 19,048 4,777 3,670 -23.2%
Other net income 389 540 843 656 256 577 125.4%
Net revenue 54,484 58,720 62,930 66,564 15,595 17,104 9.7%
Operating expenses (24,210) (26,329) (27,926) (28,843) (7,072) (7,056) -0.2%
Pre-provision pre-tax profit 30,274 32,391 35,004 37,721 8,523 10,048 17.9%
Provision expense (9,025) (11,305) (9,521) (9,270) (1,050) (1,514) 44.2%
Adjustment: bad-debt recovery 2,539 5,542 3,760 3,067 982 644 -34.4%
Income before tax 23,788 26,628 29,243 31,518 8,455 9,178 8.6%
Income tax (3,460) (5,102) (5,437) (5,855) (1,677) (1,605) -4.3%
Net income 20,328 21,526 23,806 25,663 6,778 7,573 11.7%
Other items (3,946) 8,526 5,336 5,336 2,236 (339) -
Comprehensive income 16,382 30,052 29,142 29,142 9,014 7,234 -19.7%
EPS1(NT$) 1.99 1.95 1.94 2.09 0.55 0.62 12.7%
  1. EPS is adjusted retroactively for stock dividends paid the next year.

35

First Financial Holding Co., Ltd.

第一銀行主要財務比率

FB Key Ratios

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Loan to deposit spread 1.48% 1.34% 1.17% 1.15% 1.11% 1.19% 7.21%
Net Interest Margin 0.99% 0.76% 0.67% 0.72% 0.67% 0.77% 14.93%
Cost to income ratio 44.44% 44.84% 44.38% 43.33% 45.35% 41.25% -9.04%
Loan to deposit ratio 70.60% 69.08% 71.11% 70.47% 70.68% 73.93% 4.60%
NPL ratio 0.18% 0.17% 0.17% 0.17% 0.17% 0.16% -5.88%
Domestic NPL ratio 0.19% 0.14% 0.12% 0.14% 0.14% 0.10% -28.57%
Overseas NPL ratio 0.10% 0.35% 0.42% 0.33% 0.34% 0.44% 29.41%
Coverage ratio 709.24% 826.96% 819.77% 862.04% 801.27% 865.23% 7.98%
CAR 13.76% 14.56% 14.45% 15.46% 15.30% 15.33% 0.20%
Tier-1 11.80% 12.61% 12.29% 13.22% 13.11% 13.15% 0.31%
ROAA (Annualized) 0.53% 0.52% 0.54% 0.55% 0.60% 0.60% 0.00%
ROAE (Annualized) 8.95% 8.89% 8.99% 8.79% 9.68% 9.72% 0.41%

36

First Financial Holding Co., Ltd.

第一銀行資產品質

FB NPL Migration in NT$ million or %
Full Year Results 2025 Quarterly Year-over-Year Comparison
2024 2025 Q1 Q2 Q3 Q4 1Q25 1Q26 Change
NPL- beginning 4,099 4,480 4,480 4,622 4,378 4,610 4,480 4,734 5.7%
Net new NPL influx 6,866 4,617 871 957 1,152 1,637 871 2,131 144.7%
Domestic 2,966 4,029 938 605 1,091 1,395 938 1,329 41.7%
Overseas 3,900 588 (67) 352 61 242 (67) 802 -
Net write-offs (6,485) (4,363) (729) (1,201) (920) (1,513) (729) (2,225) 205.2%
NPL- ending balance 4,480 4,734 4,622 4,378 4,610 4,734 4,622 4,640 0.4%
Allowance for loan loss- beginning 33,897 36,727 36,727 37,033 36,911 39,092 36,727 40,812 11.1%
Provisions for loan loss 9,179 8,643 1,021 1,605 2,931 3,086 1,021 1,466 43.6%
Net write-offs (6,485) (4,363) (729) (1,201) (920) (1,513) (729) (2,225) 205.2%
Others 136 (195) 14 (526) 170 147 14 94 571.4%
Allowance for loan loss- ending 36,727 40,812 37,033 36,911 39,092 40,812 37,033 40,147 8.4%
Recovery from bad debt 3,760 3,067 982 549 915 621 982 644 -34.4%
Domestic 1,940 2,411 938 466 451 556 938 550 -41.4%
Overseas 1,765 589 28 66 446 49 28 77 175.0%
Credit card 55 67 16 17 18 16 16 17 6.3%
1. Non-consolidated basis

37

First Financial Holding Co., Ltd.

第一金證券營運報告

First Sec. Income Statement Summary in NT$ million or %

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Total operating income 1,929 2,745 3,200 3,170 542 1,225 126.0%
Brokerage commission 1,382 1,499 2,051 2,009 391 816 108.7%
Net interest income 286 196 278 312 80 94 17.5%
Underwriting commission 78 54 192 101 9 5 -44.4%
Transaction gains through F/V, net (63) 687 447 496 22 270 1128.4%
Other operating income 246 309 232 252 40 40 0.0%
Total operating expenses (1,488) (1,714) (1,953) (1,990) (434) (656) 51.2%
Non-operating income 74 114 117 149 30 41 36.7%
Income before tax 515 1,145 1,364 1,329 138 610 342.0%
Income tax (112) (167) (181) (218) (18) (99) 450.0%
Net income 403 978 1,183 1,111 120 511 325.8%
First Sec. Key Ratios
ROAE (Annualized) 5.22% 12.26% 13.11% 11.53% 5.12% 20.12% 293.0%
ROAA (Annualized) 1.19% 3.01% 2.86% 2.22% 1.04% 3.44% 230.8%
Brokerage market share 1.38% 1.34% 1.26% 1.24% 1.22% 1.23% 0.8%
Margin loan market share 2.35% 2.29% 2.18% 2.21% 2.15% 2.16% 0.5%
  1. Non-Consolidated Basis

38

First Financial Holding Co., Ltd.

第一金投信營運報告

FSITC Income Statement Summary
in NT$ million or %

Full Year Results Year-over-Year Comparison
2022 2023 2024 2025 1Q25 1Q26 Change
Total operating income 649 707 786 851 203 255 25.6%
Management fee 629 692 756 825 199 242 21.6%
Sales service fee 20 15 30 26 4 13 225.0%
Operating expenses (552) (571) (609) (637) (151) (160) 6.0%
Non-operating income (1) 7 7 7 2 3 50.0%
Income before tax 96 143 184 221 54 98 81.5%
Income tax (20) (28) (36) (44) (11) (20) 81.8%
Net income 76 115 148 177 43 78 81.4%
FSITC Key Ratios
AUM 100,051 125,552 141,505 192,357 146,715 195,547 33.3%
AUM Ranking 15 14 14 13 14 13
1. Non-consolidated basis

39

First Financial Holding Co., Ltd.

第一金人壽營運報告

First Life Income Statement Summary
in NT$ million or %

Year-over-Year Comparison
1Q25 1Q26 Change
Insurance Service Result 239 280 17.2%
Release of CSM 204 215 5.4%
Underwriting gain/loss 26 73 180.8%
Risk adjustment for non-financial risk 22 12 -45.5%
Net income/expense from reinsurance contracts held (13) (20) 53.8%
Net Financial Result (261) 31 -
Net investment result 263 587 123.2%
Net finance income/expense from insurance contracts issued (523) (555) 6.1%
Net finance income/expense from reinsurance contracts held (1) (1) 0.0%
Other Operating Result (125) (121) -3.2%
Profit/Loss Before Tax (147) 190 -
Income tax (26) (37) 42.3%
Net Income after tax (173) 153 -
Key Ratios
ROAE (Annualized) -8.56% 6.96% -
ROAA (Annualized) -0.72% 0.60% -
  • All figures were based on IFRS17.

First Financial Holding Co., Ltd.

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