Union Insurance Co Ltd
Union Insurance Co., Ltd. provides insurance products and services in Taiwan. It underwrites fire, marine, automobile, engineering, liability and accident, health, and other insurance products; and reinsurance products. The company was incorporated in 1963 and is headquartered in Taipei, Taiwan.
Union Insurance Co Ltd (2816) - Total Assets
Latest total assets as of September 2025: NT$19.37 Billion TWD
Based on the latest financial reports, Union Insurance Co Ltd (2816) holds total assets worth NT$19.37 Billion TWD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Union Insurance Co Ltd - Total Assets Trend (2007–2024)
This chart illustrates how Union Insurance Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Union Insurance Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Union Insurance Co Ltd's total assets of NT$19.37 Billion consist of 28.7% current assets and 71.3% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 13.5% |
| Accounts Receivable | NT$653.10 Million | 2.8% |
| Inventory | NT$0.00 | 0.0% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$213.97 Million | 0.9% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2007–2024)
This chart illustrates how Union Insurance Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Union Insurance Co Ltd's current assets represent 28.7% of total assets in 2024, an increase from 0.0% in 2007.
- Cash Position: Cash and equivalents constituted 13.5% of total assets in 2024, down from 35.8% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 2.8% of total assets.
Union Insurance Co Ltd Competitors by Total Assets
Key competitors of Union Insurance Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
SEOUL GUARANTEE INSURANCE
KO:031210
|
Korea | ₩9.39 Trillion |
|
Allianz Malaysia Bhd
KLSE:1163
|
Malaysia | RM30.49 Billion |
|
MAA Group Bhd
KLSE:1198
|
Malaysia | RM414.90 Million |
|
A Plus Asset Advisor Co Ltd
KO:244920
|
Korea | ₩496.08 Billion |
|
Tune Protect Group Bhd
KLSE:5230
|
Malaysia | RM1.20 Billion |
|
Alm. Brand A/S
PINK:ABDBY
|
USA | $32.02 Billion |
|
Arch Capital Group Ltd
NASDAQ:ACGL
|
USA | $67.06 Billion |
|
Agesa Hayat ve Emeklilik AS
IS:AGESA
|
Turkey | TL405.11 Billion |
Union Insurance Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Union Insurance Co Ltd generates 0.47x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Union Insurance Co Ltd generates $5.26 in net profit.
Union Insurance Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.25 | 1.19 | 3.52 |
| Quick Ratio | 1.25 | 1.19 | 3.52 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$1.34 Billion | NT$ 932.42 Million | NT$ 3.14 Billion |
Union Insurance Co Ltd - Advanced Valuation Insights
This section examines the relationship between Union Insurance Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.90 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 16.6% |
| Total Assets | NT$23.23 Billion |
| Market Capitalization | $66.28 Million USD |
Valuation Analysis
Below Book Valuation: The market values Union Insurance Co Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Union Insurance Co Ltd's assets grew by 16.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Union Insurance Co Ltd (2007–2024)
The table below shows the annual total assets of Union Insurance Co Ltd from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | NT$23.23 Billion | +16.57% |
| 2023-12-31 | NT$19.93 Billion | +8.89% |
| 2022-12-31 | NT$18.30 Billion | -3.78% |
| 2021-12-31 | NT$19.02 Billion | +7.19% |
| 2020-12-31 | NT$17.74 Billion | +0.91% |
| 2019-12-31 | NT$17.58 Billion | +1.10% |
| 2018-12-31 | NT$17.39 Billion | +6.79% |
| 2017-12-31 | NT$16.29 Billion | +5.64% |
| 2016-12-31 | NT$15.42 Billion | +6.55% |
| 2015-12-31 | NT$14.47 Billion | +4.69% |
| 2014-12-31 | NT$13.82 Billion | -2.55% |
| 2013-12-31 | NT$14.18 Billion | +6.62% |
| 2012-12-31 | NT$13.30 Billion | -5.01% |
| 2011-12-31 | NT$14.00 Billion | +1.60% |
| 2010-12-31 | NT$13.78 Billion | +4.17% |
| 2009-12-31 | NT$13.23 Billion | +14.80% |
| 2008-12-31 | NT$11.53 Billion | +37.61% |
| 2007-12-31 | NT$8.38 Billion | -- |