CDFHC Reports Record Q1 Profit Driven by Insurance Unit's Stock Gains

China Development Financial Holding Corporation (CDFHC) announced strong first-quarter results for 2026, driven by robust performance in its subsidiaries and favorable capital market conditions. The financial holding company reported a net profit of NT$11.7 billion, with earnings per share (EPS) at NT$0.69.

A significant contributor to CDFHC's performance was its subsidiary, KGI Life Insurance. By April, KGI Life had realized nearly NT$20 billion in capital gains from its stock investments. When these gains from Fair Value Through Other Comprehensive Income (FVOCI) stock disposals are included, CDFHC's adjusted profit for the first quarter surged to NT$26.2 billion, translating to an EPS of NT$1.55, a record high for the same period in previous years.

Cumulatively, from January to April, CDFHC's net profit reached NT$17.59 billion. The adjusted cumulative profit, incorporating FVOCI stock gains, stood at NT$37.46 billion. This performance boosted the company's net worth by over NT$80 billion compared to the end of last year, with common stock net value exceeding NT$23 per share.

KGI Life Insurance reported a first-quarter net profit of NT$4.8 billion, which rose to NT$19.03 billion after accounting for FVOCI stock gains. The company saw a 28% year-on-year increase in first-year premiums (FYP) to NT$25.2 billion, with investment-linked policies growing by 210% and U.S. dollar policies comprising 59% of installment payments. KGI Bank's net profit increased by 23% to NT$2.1 billion, while KGI Securities' net profit jumped 2.2 times to NT$5.91 billion, reflecting active trading and wealth management growth.