Mercuries Life Insurance Co Ltd
Mercuries Life Insurance Company Ltd. provides life insurance products in Taiwan. The company offers health, accident, annuities, group, universal, and investment insurance products. It provides term life, whole life, and pension insurance; immediate and deferred annuity; health, hospitalization, cancer or critical illness, and long-term care and disability insurance, and premium waiver/other; in… Read more
Mercuries Life Insurance Co Ltd (2867) - Net Assets
Latest net assets as of September 2025: NT$40.80 Billion TWD
Based on the latest financial reports, Mercuries Life Insurance Co Ltd (2867) has net assets worth NT$40.80 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$1.60 Trillion) and total liabilities (NT$1.56 Trillion). 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$40.80 Billion |
| % of Total Assets | 2.56% |
| Annual Growth Rate | 7.27% |
| 5-Year Change | -1.63% |
| 10-Year Change | 53.0% |
| Growth Volatility | 42.8 |
Mercuries Life Insurance Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Mercuries Life 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 Mercuries Life Insurance Co Ltd (2007–2024)
The table below shows the annual net assets of Mercuries Life Insurance Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$41.43 Billion | +3.72% |
| 2023-12-31 | NT$39.94 Billion | +38.45% |
| 2022-12-31 | NT$28.85 Billion | -30.38% |
| 2021-12-31 | NT$41.44 Billion | -1.60% |
| 2020-12-31 | NT$42.11 Billion | +4.73% |
| 2019-12-31 | NT$40.21 Billion | +54.08% |
| 2018-12-31 | NT$26.10 Billion | -33.45% |
| 2017-12-31 | NT$39.21 Billion | +25.57% |
| 2016-12-31 | NT$31.23 Billion | +15.33% |
| 2015-12-31 | NT$27.08 Billion | +3.80% |
| 2014-12-31 | NT$26.09 Billion | +22.11% |
| 2013-12-31 | NT$21.36 Billion | -11.49% |
| 2012-12-31 | NT$24.14 Billion | +102.54% |
| 2011-12-31 | NT$11.92 Billion | -29.64% |
| 2010-12-31 | NT$16.94 Billion | +12.02% |
| 2009-12-31 | NT$15.12 Billion | +115.07% |
| 2008-12-31 | NT$7.03 Billion | -44.00% |
| 2007-12-31 | NT$12.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercuries Life 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 decreased by 677.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$57.00 Billion | 137.58% |
| Other Components | NT$18.14 Billion | 43.78% |
| Total Equity | NT$41.43 Billion | 100.00% |
Mercuries Life Insurance Co Ltd Competitors by Market Cap
The table below lists competitors of Mercuries Life Insurance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Huazheng New Material
SHG:603186
|
$746.84 Million |
|
Arena REIT
AU:ARF
|
$747.06 Million |
|
A-Mark Precious Metals Inc.
STU:AND
|
$747.09 Million |
|
Jiangsu Gian Technology Co Ltd
SHE:300709
|
$747.30 Million |
|
Jiangsu Zhenjiang New Energy Equipment Co Ltd Class A
SHG:603507
|
$746.53 Million |
|
Zhejiang HangKe Technology Co Ltd
SHG:688006
|
$746.42 Million |
|
Zhejiang Jiangshan Chemical Co Ltd
SHE:002061
|
$746.31 Million |
|
Allied Motion Technologies Inc
F:HWY
|
$745.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercuries Life Insurance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,940,967,000 to 41,426,777,000, a change of 1,485,810,000 (3.7%).
- Net income of 2,175,373,000 contributed positively to equity growth.
- New share issuances of 3,930,000,000 increased equity.
- Other comprehensive income decreased equity by 26,991,427,000.
- Other factors increased equity by 22,371,864,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$2.18 Billion | +5.25% |
| Share Issuances | NT$3.93 Billion | +9.49% |
| Other Comprehensive Income | NT$-26.99 Billion | -65.15% |
| Other Changes | NT$22.37 Billion | +54.0% |
| Total Change | NT$- | 3.72% |
Book Value vs Market Value Analysis
This analysis compares Mercuries Life 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: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.82x to 0.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$9.58 | NT$7.90 | x |
| 2011-12-31 | NT$6.35 | NT$7.90 | x |
| 2012-12-31 | NT$12.44 | NT$7.90 | x |
| 2013-12-31 | NT$11.02 | NT$7.90 | x |
| 2014-12-31 | NT$12.49 | NT$7.90 | x |
| 2015-12-31 | NT$12.72 | NT$7.90 | x |
| 2016-12-31 | NT$13.86 | NT$7.90 | x |
| 2017-12-31 | NT$17.08 | NT$7.90 | x |
| 2018-12-31 | NT$10.97 | NT$7.90 | x |
| 2019-12-31 | NT$15.88 | NT$7.90 | x |
| 2020-12-31 | NT$16.67 | NT$7.90 | x |
| 2021-12-31 | NT$15.33 | NT$7.90 | x |
| 2022-12-31 | NT$9.11 | NT$7.90 | x |
| 2023-12-31 | NT$8.84 | NT$7.90 | x |
| 2024-12-31 | NT$7.97 | NT$7.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercuries Life Insurance Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.59%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 39.23x
- Recent ROE (5.25%) is above the historical average (1.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 1.83% | 0.31% | 0.22x | 26.48x | NT$-1.38 Billion |
| 2011 | 6.98% | 0.81% | 0.20x | 42.28x | NT$-359.47 Million |
| 2012 | 6.45% | 1.23% | 0.21x | 24.68x | NT$-856.16 Million |
| 2013 | 11.46% | 1.63% | 0.21x | 32.78x | NT$312.32 Million |
| 2014 | 9.25% | 1.56% | 0.19x | 30.76x | NT$-196.85 Million |
| 2015 | 10.37% | 1.74% | 0.19x | 31.78x | NT$100.61 Million |
| 2016 | 9.48% | 1.70% | 0.18x | 30.39x | NT$-161.80 Million |
| 2017 | 8.12% | 1.72% | 0.18x | 26.85x | NT$-736.24 Million |
| 2018 | -1.20% | -0.19% | 0.15x | 43.83x | NT$-2.92 Billion |
| 2019 | 12.46% | 2.80% | 0.14x | 31.33x | NT$990.60 Million |
| 2020 | 3.43% | 0.92% | 0.12x | 31.79x | NT$-2.77 Billion |
| 2021 | 2.63% | 0.76% | 0.10x | 33.80x | NT$-3.05 Billion |
| 2022 | -47.35% | -12.48% | 0.08x | 50.55x | NT$-16.54 Billion |
| 2023 | -23.83% | -7.72% | 0.08x | 38.10x | NT$-13.51 Billion |
| 2024 | 5.25% | 1.59% | 0.08x | 39.23x | NT$-1.97 Billion |
Industry Comparison
This section compares Mercuries Life Insurance Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $395,284,519,000
- Average return on equity (ROE) among peers: 7.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercuries Life Insurance Co Ltd (2867) | NT$40.80 Billion | 1.83% | 38.12x | $746.84 Million |
| Fubon Financial Holding Co Ltd (2881) | $983.84 Billion | 14.69% | 9.67x | $20.58 Billion |
| Cathay Financial Holding Co Ltd (2882) | $904.78 Billion | 8.24% | 11.10x | $20.17 Billion |
| China Development Financial Holding Corp (2883) | $128.47 Billion | 4.62% | 1.05x | $8.13 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $283.93 Billion | 7.18% | 17.12x | $5.59 Billion |
| Mercuries & Associates Holding Ltd (2905) | $26.44 Billion | 3.81% | 22.18x | $142.74 Million |
| Farglory Life Insurance Co. Ltd. (5859) | $44.24 Billion | 4.99% | 14.81x | $223.91 Million |