Farglory Life Insurance Co. Ltd.
Farglory Life Insurance Co., Ltd. provides insurance products and services in Taiwan. It offers life and accident insurance products, as well as investment products and other related insurance. The company was founded in 1982 and is based in Taipei, Taiwan. Farglory Life Insurance Co., Ltd. operates as a subsidiary of Farglory Group.
Farglory Life Insurance Co. Ltd. (5859) - Net Assets
Latest net assets as of June 2025: NT$60.32 Billion TWD
Based on the latest financial reports, Farglory Life Insurance Co. Ltd. (5859) has net assets worth NT$60.32 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$743.24 Billion) and total liabilities (NT$682.92 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$60.32 Billion |
| % of Total Assets | 8.12% |
| Annual Growth Rate | 13.18% |
| 5-Year Change | 20.1% |
| 10-Year Change | N/A |
| Growth Volatility | 22.65 |
Farglory Life Insurance Co. Ltd. - Net Assets Trend (2016–2024)
This chart illustrates how Farglory 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 Farglory Life Insurance Co. Ltd. (2016–2024)
The table below shows the annual net assets of Farglory Life Insurance Co. Ltd. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$44.46 Billion | +0.49% |
| 2023-12-31 | NT$44.24 Billion | +17.66% |
| 2022-12-31 | NT$37.60 Billion | -11.37% |
| 2021-12-31 | NT$42.43 Billion | +14.60% |
| 2020-12-31 | NT$37.02 Billion | +47.23% |
| 2019-12-31 | NT$25.14 Billion | +53.66% |
| 2018-12-31 | NT$16.36 Billion | -10.29% |
| 2017-12-31 | NT$18.24 Billion | +10.45% |
| 2016-12-31 | NT$16.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Farglory 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 grown by 732.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.62 Billion | 19.39% |
| Other Components | NT$35.84 Billion | 80.61% |
| Total Equity | NT$44.46 Billion | 100.00% |
Farglory Life Insurance Co. Ltd. Competitors by Market Cap
The table below lists competitors of Farglory Life Insurance Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HAYPP GROUP AB
F:8QG0
|
$223.91 Million |
|
Hanilcmt Co Ltd
KO:300720
|
$223.94 Million |
|
Boule Diagnostics AB (publ)
PINK:BDABF
|
$223.94 Million |
|
Text S.A.
PINK:LCHTF
|
$223.95 Million |
|
XiAn Dagang Road Machinery Co
SHE:300103
|
$223.80 Million |
|
Jiangsu Safety Wire Rope
SHG:603028
|
$223.69 Million |
|
Nanyang Senba Optical and Electronic Co Ltd
SHE:300701
|
$223.68 Million |
|
KNOT Offshore Partners LP
NYSE:KNOP
|
$223.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Farglory Life Insurance Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 44,244,933,000 to 44,461,900,000, a change of 216,967,000 (0.5%).
- Net income of 5,523,008,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 29,111,308,999.
- Other factors increased equity by 23,805,267,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.52 Billion | +12.42% |
| Other Comprehensive Income | NT$-29.11 Billion | -65.47% |
| Other Changes | NT$23.81 Billion | +53.54% |
| Total Change | NT$- | 0.49% |
Book Value vs Market Value Analysis
This analysis compares Farglory 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: 0.51x
- 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 1.19x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$13.15 | NT$15.60 | x |
| 2017-12-31 | NT$14.52 | NT$15.60 | x |
| 2018-12-31 | NT$13.02 | NT$15.60 | x |
| 2019-12-31 | NT$20.03 | NT$15.60 | x |
| 2020-12-31 | NT$29.41 | NT$15.60 | x |
| 2021-12-31 | NT$33.67 | NT$15.60 | x |
| 2022-12-31 | NT$29.56 | NT$15.60 | x |
| 2023-12-31 | NT$35.20 | NT$15.60 | x |
| 2024-12-31 | NT$30.66 | NT$15.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Farglory Life Insurance Co. Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.92%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 16.75x
- Recent ROE (12.42%) is above the historical average (9.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.23% | 1.15% | 0.20x | 22.31x | NT$-787.33 Million |
| 2017 | 10.57% | 2.99% | 0.16x | 21.90x | NT$104.55 Million |
| 2018 | 3.92% | 0.86% | 0.17x | 26.70x | NT$-994.77 Million |
| 2019 | 8.02% | 2.11% | 0.19x | 20.34x | NT$-498.00 Million |
| 2020 | 8.74% | 2.99% | 0.18x | 15.84x | NT$-465.02 Million |
| 2021 | 15.24% | 6.44% | 0.16x | 14.98x | NT$2.22 Billion |
| 2022 | 16.13% | 11.60% | 0.08x | 17.81x | NT$2.31 Billion |
| 2023 | 4.99% | 3.46% | 0.09x | 15.81x | NT$-2.22 Billion |
| 2024 | 12.42% | 6.92% | 0.11x | 16.75x | NT$1.08 Billion |
Industry Comparison
This section compares Farglory 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: $171,587,396,833
- Average return on equity (ROE) among peers: 4.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Farglory Life Insurance Co. Ltd. (5859) | NT$60.32 Billion | 5.23% | 11.32x | $223.91 Million |
| Mercuries Life Insurance Co Ltd (2867) | $7.03 Billion | 0.00% | 40.99x | $726.04 Million |
| Fubon Financial Holding Co Ltd (2881) | $101.63 Billion | 0.00% | 3.55x | $20.58 Billion |
| Cathay Financial Holding Co Ltd Pref A (2882A) | $529.29 Billion | 9.72% | 16.43x | $15.23 Billion |
| China Development Financial Holding Corp (2883) | $208.79 Billion | 7.84% | 15.94x | $8.13 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $135.57 Billion | 3.55% | 22.29x | $5.59 Billion |
| Mercuries & Associates Holding Ltd (2905) | $47.23 Billion | 4.00% | 29.22x | $134.53 Million |