Mercuries Life Insurance Co Ltd (2867) - Net Assets
Based on the latest financial reports, Mercuries Life Insurance Co Ltd (2867) has net assets worth NT$77.31 Billion TWD (≈ $2.44 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.66 Trillion ≈ $52.22 Billion USD) and total liabilities (NT$1.58 Trillion ≈ $49.79 Billion USD). 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. Check Mercuries Life Insurance Co Ltd (2867) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$77.31 Billion |
| % of Total Assets | 4.66% |
| Annual Growth Rate | 10.63% |
| 5-Year Change | 86.56% |
| 10-Year Change | 147.56% |
| Growth Volatility | 44.75 |
Mercuries Life Insurance Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Mercuries Life Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 2867 total assets for the complete picture of this company's asset base.
Annual Net Assets for Mercuries Life Insurance Co Ltd (2007–2025)
The table below shows the annual net assets of Mercuries Life Insurance Co Ltd from 2007 to 2025. For live valuation and market cap data, see Mercuries Life Insurance Co Ltd (2867) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$77.31 Billion ≈ $2.44 Billion |
+86.61% |
| 2024-12-31 | NT$41.43 Billion ≈ $1.31 Billion |
+3.72% |
| 2023-12-31 | NT$39.94 Billion ≈ $1.26 Billion |
+38.45% |
| 2022-12-31 | NT$28.85 Billion ≈ $908.88 Million |
-30.38% |
| 2021-12-31 | NT$41.44 Billion ≈ $1.31 Billion |
-1.60% |
| 2020-12-31 | NT$42.11 Billion ≈ $1.33 Billion |
+4.73% |
| 2019-12-31 | NT$40.21 Billion ≈ $1.27 Billion |
+54.08% |
| 2018-12-31 | NT$26.10 Billion ≈ $822.16 Million |
-33.45% |
| 2017-12-31 | NT$39.21 Billion ≈ $1.24 Billion |
+25.57% |
| 2016-12-31 | NT$31.23 Billion ≈ $983.85 Million |
+15.33% |
| 2015-12-31 | NT$27.08 Billion ≈ $853.04 Million |
+3.80% |
| 2014-12-31 | NT$26.09 Billion ≈ $821.83 Million |
+22.11% |
| 2013-12-31 | NT$21.36 Billion ≈ $673.05 Million |
-11.49% |
| 2012-12-31 | NT$24.14 Billion ≈ $760.42 Million |
+102.54% |
| 2011-12-31 | NT$11.92 Billion ≈ $375.45 Million |
-29.64% |
| 2010-12-31 | NT$16.94 Billion ≈ $533.62 Million |
+12.02% |
| 2009-12-31 | NT$15.12 Billion ≈ $476.38 Million |
+115.07% |
| 2008-12-31 | NT$7.03 Billion ≈ $221.50 Million |
-44.00% |
| 2007-12-31 | NT$12.55 Billion ≈ $395.53 Million |
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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 667.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$59.00 Billion | 76.31% |
| Other Comprehensive Income | NT$51.41 Billion | 66.50% |
| Total Equity | NT$77.31 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 |
|---|---|
|
Exail Technologies S.A.
PA:EXA
|
$1.43 Billion |
|
Innovative Industrial Properties Inc
NYSE:IIPR
|
$1.43 Billion |
|
Apollo Commercial Real Estate Finance Inc
NYSE:ARI
|
$1.43 Billion |
|
Glotech Industrial
TWO:5475
|
$1.43 Billion |
|
Cendes Co Ltd Class A
SHE:300492
|
$1.43 Billion |
|
Redfin Corp
NASDAQ:RDFN
|
$1.43 Billion |
|
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A
SHG:688439
|
$1.43 Billion |
|
Guangzhou Sanfu New Materials Technology Co. Ltd. A
SHG:688359
|
$1.43 Billion |
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 2024 to 2025, total equity changed from 41,426,777,000 to 77,307,507,000, a change of 35,880,730,000 (86.6%).
- Net income of 1,178,095,000 contributed positively to equity growth.
- New share issuances of 1,050,000,000 increased equity.
- Other comprehensive income increased equity by 51,412,765,000.
- Other factors decreased equity by 17,760,130,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.18 Billion | +1.52% |
| Share Issuances | NT$1.05 Billion | +1.36% |
| Other Comprehensive Income | NT$51.41 Billion | +66.5% |
| Other Changes | NT$-17.76 Billion | -22.97% |
| Total Change | NT$- | 86.61% |
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: 0.57x
- 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 decreased from 0.80x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$9.58 | NT$7.71 | x |
| 2011-12-31 | NT$6.35 | NT$7.71 | x |
| 2012-12-31 | NT$12.44 | NT$7.71 | x |
| 2013-12-31 | NT$11.02 | NT$7.71 | x |
| 2014-12-31 | NT$12.49 | NT$7.71 | x |
| 2015-12-31 | NT$12.72 | NT$7.71 | x |
| 2016-12-31 | NT$13.86 | NT$7.71 | x |
| 2017-12-31 | NT$17.08 | NT$7.71 | x |
| 2018-12-31 | NT$10.97 | NT$7.71 | x |
| 2019-12-31 | NT$15.88 | NT$7.71 | x |
| 2020-12-31 | NT$16.67 | NT$7.71 | x |
| 2021-12-31 | NT$15.33 | NT$7.71 | x |
| 2022-12-31 | NT$9.11 | NT$7.71 | x |
| 2023-12-31 | NT$8.84 | NT$7.71 | x |
| 2024-12-31 | NT$7.97 | NT$7.71 | x |
| 2025-12-31 | NT$13.44 | NT$7.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercuries Life Insurance Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.01%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 21.44x
- Recent ROE (1.52%) is above the historical average (1.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 1.83% | 0.31% | 0.22x | 26.48x | NT$-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 |
| 2025 | 1.52% | 1.01% | 0.07x | 21.44x | NT$-6.55 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: $313,281,258,125
- Average return on equity (ROE) among peers: 8.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercuries Life Insurance Co Ltd (2867) | NT$77.31 Billion | 1.83% | 20.44x | $1.43 Billion |
| Fubon Financial Holding Co Ltd (2881) | $233.68 Billion | 13.07% | 14.48x | $39.72 Billion |
| Fubon Financial Holding Co Ltd Pref (2881A) | $488.77 Billion | 11.07% | 13.16x | $20.76 Billion |
| Fubon Financial Holding Co Ltd Pref B (2881B) | $468.83 Billion | 10.18% | 15.46x | $20.18 Billion |
| Cathay Financial Holding Co Ltd (2882) | $191.16 Billion | 11.40% | 15.03x | $35.68 Billion |
| Cathay Financial Holding Co Ltd Pref A (2882A) | $801.45 Billion | 6.35% | 14.98x | $24.53 Billion |
| China Development Financial Holding Corp (2883) | $169.10 Billion | 4.91% | 2.83x | $11.38 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $135.57 Billion | 3.55% | 22.29x | $6.58 Billion |
| Mercuries & Associates Holding Ltd (2905) | $17.69 Billion | 6.34% | 25.28x | $454.62 Million |
About 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