Cathay Financial Holding Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 24, 2023 at 04:04 pm EST
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Cathay Financial Holding Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was TWD 26,756.33 million compared to TWD 5,086.23 million a year ago. Basic earnings per share from continuing operations was TWD 1.83 compared to TWD 0.38 a year ago.
For the nine months, net income was TWD 59,251.99 million compared to TWD 53,893.89 million a year ago. Basic earnings per share from continuing operations was TWD 3.81 compared to TWD 3.83 a year ago.
Cathay Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and the management of investment business. The Company operates through five business segments. The Banking Business segment is mainly engaged in the banking, foreign exchange, guarantee, foreign exchange investment, trust and offshore financial businesses. The Life Insurance Business segment is principally engaged in the sales of traditional, investment and interest rate variable annuities and various insurance products, as well as provision of financial planning services. The Property Insurance Business segment is mainly engaged in the fire insurance, marine insurance, land and air insurance, guarantee insurance and reinsurance. The Securities Business segment is mainly engaged in the securities brokerage, self-employed and underwriting businesses, as well as provision of related financial services. The Others segment is mainly engaged in other assets and others.
CATHAY FINANCIAL HOLDING CO., LTD. 
