Cathay Financial Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 23, 2022 at 04:26 pm EDT
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Cathay Financial Holding Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net income was TWD 34,206.76 million compared to TWD 57,366.03 million a year ago. Basic earnings per share from continuing operations was TWD 2.6 compared to TWD 4.36 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.