Cathay Financial Holding Earns NT$76.5 Billion in First Half, Life Unit's Net Worth Nears NT$1 Trillion

Cathay Financial Holding announced a record-breaking first-half net profit of NT$76.52 billion for 2026, significantly surpassing previous annual records. The conglomerate's strong performance was bolstered by its subsidiaries, particularly Cathay Life Insurance, which saw its net worth dramatically increase by over NT$450 billion to reach NT$959.7 billion. This surge, coupled with a net worth ratio exceeding 11%, marks a historic high for the life insurer.

Cathay Life's robust earnings in June, amounting to NT$11.37 billion, contributed to a cumulative first-half profit of NT$46.24 billion. The company attributed its strong performance to property revaluations, stable amortization of its embedded value (CSM), and consistent recurring income. Despite currency fluctuations, Cathay Life bolstered its foreign exchange fluctuation reserve to a record NT$130 billion by the end of June.

Cathay United Bank also demonstrated significant growth, with a 15% year-on-year increase in its cumulative first-half net profit, reaching NT$26.99 billion. This growth was fueled by strong loan demand, expansion of its financial asset portfolio, and reduced foreign currency funding costs due to interest rate adjustments. Fee income also saw steady growth, supported by wealth management momentum and robust credit card spending.

Further contributing to the conglomerate's success, Cathay Century Insurance reported a record-high cumulative first-half profit of NT$2.34 billion, driven by growth in large commercial fire insurance and increasing demand for overseas travel. Cathay Securities achieved a remarkable 148% year-on-year profit increase to NT$4.41 billion, benefiting from active trading in Taiwan's stock market, with daily average trading volume exceeding NT$1.6 trillion. Cathay Securities also set new records in market share for Taiwan stocks and trading volume for overseas markets.

Cathay Securities Investment Trust rounded out the strong performance with a 27% year-on-year profit increase to NT$1.65 billion, managing assets worth NT$3.6 trillion, a 67% increase from the previous year. The collective success across its diverse financial services highlights a period of significant expansion and profitability for Cathay Financial Holding.