KGI Financial Holding Co (2883) Q1 2026 earnings summary

Executive summary

• First quarter 2026 net income after tax was NT$11.7 billion, with EPS of NT$0.69, a 33% increase year-over-year; adjusted profit including FVOCI gains was NT$26.2 billion.

• Total comprehensive income for Q1 2026 reached NT$39.28 billion, reflecting robust gains in equity instruments and favorable exchange differences.

• For the first four months, cumulative profit reached NT$17.6 billion (EPS NT$1.04); adjusted profit NT$37.5 billion (EPS NT$2.21), up 306% year-over-year, a record high.

• Total assets as of March 31, 2026, were NT$4.24 trillion, up 5% year-over-year.

• The adoption of IFRS 17 and related restatements had a material impact on comparative figures, with significant reclassifications and adjustments to assets, liabilities, and equity.

Financial highlights

• Consolidated net income grew 34% year-over-year to NT$11.7 billion in Q1 2026.

• KGI Securities net income after tax grew 220% year-over-year to NT$5.9 billion in Q1, with ROE at 33%.

• KGI Life Q1 net income after tax was NT$4.8 billion; adjusted profit NT$19 billion, up over 3x year-over-year.

• KGI Bank Q1 net income after tax was NT$2.5 billion, up 23% year-over-year; ROE improved to 10.6%.

• CDIB Capital Group Q1 net income after tax was NT$190 million; AUM at NT$62.2 billion.

Outlook and guidance

• Strategic focus on optimizing financial structure, prudent dividend policy, and leveraging the ONE KGI platform for business growth.

• Continued expansion in digital, wealth management, and international business segments.

• KGI Life targets full-year new business CSM contribution of NT$33–35 billion.

• CSM release to income statement expected to exceed NT$15 billion in 2026, with double-digit growth targeted for next year.

• The group continues to focus on risk management, capital adequacy, and compliance with evolving regulatory standards, including IFRS 17 and upcoming IFRS 18.