Shinkong Insurance Co Ltd
Shinkong Insurance Co., Ltd. provides property insurance to individuals and corporates in Taiwan. It offers motor insurance, such as voluntary physical damage and automobile liability, and compulsory motor motorcycle liability; fire insurance, including residential fire, earthquake pool, commercial, typhoon, and flood; and marine insurance comprising marine cargo and hull, fishing vessel, aviatio… Read more
Shinkong Insurance Co Ltd (2850) - Net Assets
Latest net assets as of September 2025: NT$19.58 Billion TWD
Based on the latest financial reports, Shinkong Insurance Co Ltd (2850) has net assets worth NT$19.58 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$60.16 Billion) and total liabilities (NT$40.58 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$19.58 Billion |
| % of Total Assets | 32.55% |
| Annual Growth Rate | 9.68% |
| 5-Year Change | 45.47% |
| 10-Year Change | 129.79% |
| Growth Volatility | 18.48 |
Shinkong Insurance Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Shinkong 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 Shinkong Insurance Co Ltd (2005–2024)
The table below shows the annual net assets of Shinkong Insurance Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$19.24 Billion | +9.80% |
| 2023-12-31 | NT$17.52 Billion | +16.56% |
| 2022-12-31 | NT$15.03 Billion | -1.49% |
| 2021-12-31 | NT$15.26 Billion | +15.38% |
| 2020-12-31 | NT$13.22 Billion | +13.27% |
| 2019-12-31 | NT$11.67 Billion | +10.22% |
| 2018-12-31 | NT$10.59 Billion | +7.93% |
| 2017-12-31 | NT$9.81 Billion | +15.30% |
| 2016-12-31 | NT$8.51 Billion | +1.67% |
| 2015-12-31 | NT$8.37 Billion | +8.85% |
| 2014-12-31 | NT$7.69 Billion | +11.11% |
| 2013-12-31 | NT$6.92 Billion | +12.90% |
| 2012-12-31 | NT$6.13 Billion | +13.71% |
| 2011-12-31 | NT$5.39 Billion | -17.30% |
| 2010-12-31 | NT$6.52 Billion | +22.74% |
| 2009-12-31 | NT$5.31 Billion | +65.40% |
| 2008-12-31 | NT$3.21 Billion | -24.71% |
| 2007-12-31 | NT$4.27 Billion | -6.32% |
| 2006-12-31 | NT$4.55 Billion | +36.98% |
| 2005-12-31 | NT$3.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinkong 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 471.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.93 Billion | 15.22% |
| Other Components | NT$16.31 Billion | 84.78% |
| Total Equity | NT$19.24 Billion | 100.00% |
Shinkong Insurance Co Ltd Competitors by Market Cap
The table below lists competitors of Shinkong Insurance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hang Xiao Steel Structure Co Ltd
SHG:600477
|
$655.49 Million |
|
Shanghai Jin Jiang International Industrial Investment Co Ltd A
SHG:600650
|
$655.58 Million |
|
NOVA LJUBLJ.BK GDR REG.S
F:N1V2
|
$655.64 Million |
|
Anhui Tongfeng Electronics Co Ltd
SHG:600237
|
$655.70 Million |
|
I-Chiun Precision Industry Co Ltd
TW:2486
|
$655.41 Million |
|
Hna-Caissa Travel Group Co Ltd
SHE:000796
|
$655.16 Million |
|
Finolex Cables Limited
NSE:FINCABLES
|
$654.92 Million |
|
STORAGEVAULT CANADA INC.
F:0SV
|
$654.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinkong Insurance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,518,829,000 to 19,236,073,000, a change of 1,717,244,000 (9.8%).
- Net income of 3,309,280,000 contributed positively to equity growth.
- Dividend payments of 1,576,657,000 reduced retained earnings.
- Other comprehensive income decreased equity by 12,131,971,000.
- Other factors increased equity by 12,116,592,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.31 Billion | +17.2% |
| Dividends Paid | NT$1.58 Billion | -8.2% |
| Other Comprehensive Income | NT$-12.13 Billion | -63.07% |
| Other Changes | NT$12.12 Billion | +62.99% |
| Total Change | NT$- | 9.80% |
Book Value vs Market Value Analysis
This analysis compares Shinkong 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: 1.93x
- 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 8.13x to 1.93x 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$14.46 | NT$117.50 | x |
| 2007-12-31 | NT$13.52 | NT$117.50 | x |
| 2008-12-31 | NT$10.15 | NT$117.50 | x |
| 2009-12-31 | NT$16.81 | NT$117.50 | x |
| 2010-12-31 | NT$20.63 | NT$117.50 | x |
| 2011-12-31 | NT$17.17 | NT$117.50 | x |
| 2012-12-31 | NT$19.59 | NT$117.50 | x |
| 2013-12-31 | NT$21.91 | NT$117.50 | x |
| 2014-12-31 | NT$24.34 | NT$117.50 | x |
| 2015-12-31 | NT$26.50 | NT$117.50 | x |
| 2016-12-31 | NT$27.02 | NT$117.50 | x |
| 2017-12-31 | NT$31.06 | NT$117.50 | x |
| 2018-12-31 | NT$33.52 | NT$117.50 | x |
| 2019-12-31 | NT$36.95 | NT$117.50 | x |
| 2020-12-31 | NT$41.85 | NT$117.50 | x |
| 2021-12-31 | NT$48.29 | NT$117.50 | x |
| 2022-12-31 | NT$47.57 | NT$117.50 | x |
| 2023-12-31 | NT$55.45 | NT$117.50 | x |
| 2024-12-31 | NT$60.88 | NT$117.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinkong 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): 17.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.87%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.84x
- Recent ROE (17.20%) is above the historical average (13.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 11.22% | 5.20% | 0.54x | 4.03x | NT$40.54 Million |
| 2006 | 9.62% | 2.38% | 1.22x | 3.30x | NT$-17.40 Million |
| 2007 | 11.32% | 2.58% | 1.18x | 3.72x | NT$56.24 Million |
| 2008 | 12.12% | 2.00% | 1.06x | 5.70x | NT$68.02 Million |
| 2009 | 14.88% | 5.47% | 0.69x | 3.94x | NT$259.02 Million |
| 2010 | 23.23% | 9.75% | 0.67x | 3.58x | NT$862.59 Million |
| 2011 | 10.48% | 6.39% | 0.38x | 4.30x | NT$25.99 Million |
| 2012 | 12.29% | 8.12% | 0.38x | 3.95x | NT$140.18 Million |
| 2013 | 14.04% | 9.67% | 0.40x | 3.64x | NT$279.49 Million |
| 2014 | 13.47% | 9.41% | 0.39x | 3.63x | NT$266.50 Million |
| 2015 | 15.00% | 10.50% | 0.42x | 3.39x | NT$418.38 Million |
| 2016 | 12.41% | 8.28% | 0.41x | 3.68x | NT$205.40 Million |
| 2017 | 13.91% | 9.78% | 0.44x | 3.27x | NT$383.54 Million |
| 2018 | 16.71% | 12.00% | 0.45x | 3.12x | NT$711.18 Million |
| 2019 | 13.38% | 10.06% | 0.44x | 3.04x | NT$394.63 Million |
| 2020 | 12.32% | 9.87% | 0.42x | 2.98x | NT$307.35 Million |
| 2021 | 14.77% | 12.21% | 0.42x | 2.88x | NT$728.27 Million |
| 2022 | 13.33% | 10.58% | 0.43x | 2.93x | NT$500.57 Million |
| 2023 | 16.63% | 14.62% | 0.42x | 2.68x | NT$1.16 Billion |
| 2024 | 17.20% | 15.87% | 0.38x | 2.84x | NT$1.39 Billion |
Industry Comparison
This section compares Shinkong 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: $6,378,699,500
- Average return on equity (ROE) among peers: 5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinkong Insurance Co Ltd (2850) | NT$19.58 Billion | 11.22% | 2.07x | $655.45 Million |
| Taiwan Fire & Marine Insurance Co Ltd (2832) | $7.85 Billion | 6.24% | 1.25x | $258.49 Million |
| First Insurance Co Ltd (2852) | $4.91 Billion | 3.98% | 1.87x | $188.03 Million |