Taiwan Fire & Marine Insurance Co Ltd
Taiwan Fire & Marine Insurance Co., Ltd. provides property and casualty insurance products and services in Taiwan. The company offers fire insurance products, such as residential fire and earthquake, fire and allied perils, commercial fire, household, and fire and property all risks insurance; marine insurance, including marine cargo, inland transit, marine hull, commercial property floater, and … Read more
Taiwan Fire & Marine Insurance Co Ltd (2832) - Net Assets
Latest net assets as of September 2025: NT$11.53 Billion TWD
Based on the latest financial reports, Taiwan Fire & Marine Insurance Co Ltd (2832) has net assets worth NT$11.53 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$23.02 Billion) and total liabilities (NT$11.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$11.53 Billion |
| % of Total Assets | 50.08% |
| Annual Growth Rate | 5.48% |
| 5-Year Change | 28.09% |
| 10-Year Change | 59.05% |
| Growth Volatility | 15.68 |
Taiwan Fire & Marine Insurance Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Taiwan Fire & Marine Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiwan Fire & Marine Insurance Co Ltd (2001–2024)
The table below shows the annual net assets of Taiwan Fire & Marine Insurance Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$12.27 Billion | +9.67% |
| 2023-12-31 | NT$11.19 Billion | +12.51% |
| 2022-12-31 | NT$9.95 Billion | -2.31% |
| 2021-12-31 | NT$10.18 Billion | +6.27% |
| 2020-12-31 | NT$9.58 Billion | +5.42% |
| 2019-12-31 | NT$9.09 Billion | +7.94% |
| 2018-12-31 | NT$8.42 Billion | -1.14% |
| 2017-12-31 | NT$8.52 Billion | +8.46% |
| 2016-12-31 | NT$7.85 Billion | +1.76% |
| 2015-12-31 | NT$7.72 Billion | +6.61% |
| 2014-12-31 | NT$7.24 Billion | +3.37% |
| 2013-12-31 | NT$7.00 Billion | +13.22% |
| 2012-12-31 | NT$6.18 Billion | +7.53% |
| 2011-12-31 | NT$5.75 Billion | -11.82% |
| 2010-12-31 | NT$6.52 Billion | +30.95% |
| 2009-12-31 | NT$4.98 Billion | +51.51% |
| 2008-12-31 | NT$3.29 Billion | -40.95% |
| 2007-12-31 | NT$5.57 Billion | +1.39% |
| 2006-12-31 | NT$5.49 Billion | +12.33% |
| 2005-12-31 | NT$4.89 Billion | +12.05% |
| 2004-12-31 | NT$4.36 Billion | +12.99% |
| 2003-12-31 | NT$3.86 Billion | +7.51% |
| 2002-12-31 | NT$3.59 Billion | -0.24% |
| 2001-12-31 | NT$3.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiwan Fire & Marine Insurance Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 123.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.43 Billion | 11.61% |
| Common Stock | NT$3.62 Billion | 29.51% |
| Other Comprehensive Income | NT$7.13 Billion | 58.06% |
| Other Components | NT$98.96 Million | 0.81% |
| Total Equity | NT$12.27 Billion | 100.00% |
Taiwan Fire & Marine Insurance Co Ltd Competitors by Market Cap
The table below lists competitors of Taiwan Fire & Marine Insurance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Shenhao Technology Co Ltd
SHE:300853
|
$258.50 Million |
|
Fulcrum Therapeutics Inc
NASDAQ:FULC
|
$258.51 Million |
|
Bank of Kaohsiung Ltd
TW:2836
|
$258.57 Million |
|
Netlist Inc
OTCQB:NLST
|
$258.58 Million |
|
Lingda Group Co Ltd
SHE:300125
|
$258.47 Million |
|
Sharda Cropchem Limited
NSE:SHARDACROP
|
$258.34 Million |
|
Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS
IS:BRISA
|
$258.34 Million |
|
Jumbo Interactive Ltd
AU:JIN
|
$258.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiwan Fire & Marine Insurance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,189,756,000 to 12,272,047,000, a change of 1,082,291,000 (9.7%).
- Net income of 1,162,329,000 contributed positively to equity growth.
- Dividend payments of 470,861,000 reduced retained earnings.
- Other comprehensive income increased equity by 682,311,000.
- Other factors decreased equity by 291,488,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.16 Billion | +9.47% |
| Dividends Paid | NT$470.86 Million | -3.84% |
| Other Comprehensive Income | NT$682.31 Million | +5.56% |
| Other Changes | NT$-291.49 Million | -2.38% |
| Total Change | NT$- | 9.67% |
Book Value vs Market Value Analysis
This analysis compares Taiwan Fire & Marine Insurance Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.15x to 1.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$15.23 | NT$47.90 | x |
| 2007-12-31 | NT$15.41 | NT$47.90 | x |
| 2008-12-31 | NT$9.10 | NT$47.90 | x |
| 2009-12-31 | NT$14.58 | NT$47.90 | x |
| 2010-12-31 | NT$18.83 | NT$47.90 | x |
| 2011-12-31 | NT$15.76 | NT$47.90 | x |
| 2012-12-31 | NT$16.95 | NT$47.90 | x |
| 2013-12-31 | NT$19.18 | NT$47.90 | x |
| 2014-12-31 | NT$19.84 | NT$47.90 | x |
| 2015-12-31 | NT$21.14 | NT$47.90 | x |
| 2016-12-31 | NT$21.61 | NT$47.90 | x |
| 2017-12-31 | NT$23.41 | NT$47.90 | x |
| 2018-12-31 | NT$23.17 | NT$47.90 | x |
| 2019-12-31 | NT$25.00 | NT$47.90 | x |
| 2020-12-31 | NT$26.36 | NT$47.90 | x |
| 2021-12-31 | NT$28.05 | NT$47.90 | x |
| 2022-12-31 | NT$27.37 | NT$47.90 | x |
| 2023-12-31 | NT$30.78 | NT$47.90 | x |
| 2024-12-31 | NT$33.74 | NT$47.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiwan Fire & Marine Insurance Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.98%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 2.03x
- Recent ROE (9.47%) is below the historical average (9.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.91% | 5.72% | 0.38x | 3.18x | NT$-110.89 Million |
| 2003 | 9.15% | 7.95% | 0.32x | 3.55x | NT$-32.71 Million |
| 2004 | 11.88% | 10.83% | 0.38x | 2.86x | NT$82.23 Million |
| 2005 | 10.62% | 10.63% | 0.44x | 2.28x | NT$30.48 Million |
| 2006 | 12.66% | 11.60% | 0.50x | 2.18x | NT$145.92 Million |
| 2007 | 17.69% | 9.78% | 0.60x | 3.00x | NT$428.34 Million |
| 2008 | 4.21% | 1.71% | 0.54x | 4.52x | NT$-190.33 Million |
| 2009 | 16.25% | 12.29% | 0.40x | 3.34x | NT$311.32 Million |
| 2010 | 14.39% | 27.04% | 0.19x | 2.80x | NT$286.57 Million |
| 2011 | 12.18% | 20.57% | 0.22x | 2.64x | NT$125.47 Million |
| 2012 | 11.92% | 19.16% | 0.24x | 2.59x | NT$118.96 Million |
| 2013 | 11.72% | 20.43% | 0.24x | 2.37x | NT$120.64 Million |
| 2014 | 9.10% | 15.93% | 0.25x | 2.33x | NT$-65.49 Million |
| 2015 | 14.15% | 22.17% | 0.29x | 2.22x | NT$320.43 Million |
| 2016 | 6.24% | 10.73% | 0.26x | 2.25x | NT$-295.06 Million |
| 2017 | 10.00% | 16.83% | 0.28x | 2.11x | NT$108.80K |
| 2018 | 6.66% | 11.32% | 0.28x | 2.14x | NT$-281.61 Million |
| 2019 | 7.74% | 13.63% | 0.27x | 2.08x | NT$-205.66 Million |
| 2020 | 7.18% | 12.80% | 0.27x | 2.04x | NT$-270.46 Million |
| 2021 | 3.67% | 4.99% | 0.36x | 2.03x | NT$-644.92 Million |
| 2022 | 6.76% | 11.02% | 0.29x | 2.10x | NT$-322.61 Million |
| 2023 | 8.74% | 14.49% | 0.30x | 2.04x | NT$-140.71 Million |
| 2024 | 9.47% | 15.98% | 0.29x | 2.03x | NT$-64.88 Million |
Industry Comparison
This section compares Taiwan Fire & Marine Insurance Co Ltd's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $5,712,412,000
- Average return on equity (ROE) among peers: 13.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiwan Fire & Marine Insurance Co Ltd (2832) | NT$11.53 Billion | 6.91% | 1.00x | $258.49 Million |
| Shinkong Insurance Co Ltd (2850) | $6.52 Billion | 23.23% | 2.58x | $655.45 Million |
| First Insurance Co Ltd (2852) | $4.91 Billion | 3.98% | 1.87x | $188.03 Million |