Cathay Financial Holding reports record H1 profit of NT$76.5 billion

Cathay Financial Holding reported record-breaking performance for the first half of the year, with a net profit of NT$76.5 billion. General Manager Li Chang-keng indicated that due to strong earnings and significant gains from FVOCI stock disposals, dividend payouts for next year are expected to be more generous than in previous years.

The financial holding company's adjusted earnings per share (EPS) reached NT$11.04, with an adjusted net value of NT$101.2. Major subsidiaries, including Cathay Life Insurance, Cathay United Bank, and Cathay United Securities, all achieved record-high net profits for the same period.

Cathay Life Insurance reported a Contractual Service Margin (CSM) balance of NT$547 billion, growing 6.9% since the start of the year. Regarding banking operations, Cathay United Bank is focusing on structural adjustments in lending, prioritizing high-quality corporate clients amid strong economic recovery and capital expenditure demands in the AI and semiconductor sectors.