Shin Kong Life's first 4 months profit hits NT$3.3 billion, new contract CSM target set at NT$15 billion for the year

Shin Kong Life announced a robust financial performance, reporting a cumulative after-tax net profit of NT$3.37 billion for the first four months of 2026. This figure represents a substantial increase compared to the same period last year, with earnings per share at NT$0.57.

The company's investment portfolio benefited significantly from the rise in Taiwan's stock market, which saw an increase of 9,963 points in the first four months. This surge in equity asset performance contributed NT$12.31 billion to the company's net investment gains. Consequently, Shin Kong Life's net worth reached NT$86.7 billion by the end of April, marking a considerable increase of NT$22.1 billion since the adoption of IFRS 17 on January 1, 2026. The net worth ratio stood at 6.46%, with total assets amounting to NT$1.62 trillion.

In terms of business performance, Shin Kong Life's first quarter saw first-year premium income (FYP) reach NT$12.5 billion, a 24% increase year-on-year. First-year equivalent premium (FYPE) grew by 17% to NT$2.5 billion. Sales of protection-oriented products, particularly long-term health insurance, experienced a significant 60% year-on-year increase in FYP during the first quarter. Traditional product sales also showed growth, with interest-sensitive life insurance FYP rising by 18% year-on-year, driven by new product launches in the bank-insurance channel. Investment-linked products saw a 24% increase in FYP, reaching NT$11.1 billion.

Looking ahead, Shin Kong Life has set an ambitious target to increase its new contract CSM contribution by double digits annually, aiming for NT$15 billion in 2026. The company also highlighted its strong foreign exchange reserves, totaling NT$38.29 billion as of April, providing a buffer against currency fluctuations. Shin Kong Life is strategically expanding its allocation to large-cap leading stocks with stable high dividend yields and strong global competitiveness, while also adjusting its bond holdings in response to market volatility. The company expressed optimism regarding the potential synergies from its merger with E.SUN Financial Holding, viewing it as a solid foundation for future development.