Cathay Financial Holding Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 25, 2023 at 04:47 pm EDT
Share
Cathay Financial Holding Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was TWD 25,486.64 million compared to TWD 14,600.9 million a year ago. Basic earnings per share from continuing operations was TWD 1.5 compared to TWD 0.85 a year ago.
For the six months, net income was TWD 32,495.67 million compared to TWD 48,807.66 million a year ago. Basic earnings per share from continuing operations was TWD 1.98 compared to TWD 3.45 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. 
