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Taiwan's largest financial group, anchored by Cathay Life, the country's biggest life insurer, plus Cathay United Bank and securities.
Taiwan's largest financial group, anchored by Cathay Life, the country's biggest life insurer, plus Cathay United Bank and securities.
Collects insurance premiums and invests them, largely in bonds and property, so returns on that pool and the cost of guarantees on older policies matter more than premium growth. Cathay United Bank adds loan spread and fees, giving the group a second leg that shares customers with the insurer. Taiwan is the main market.
In one line: Taiwan's MetLife combined with a top-5 bank.
Moat: narrow (scale, brand, distribution). Largest life-insurance balance sheet and agent network in Taiwan plus a top-tier bank franchise.
Headquarters: Taipei, Taiwan · Founded: 2001 · Employees: 51,797
Size Cathay Financial Hldg (2882.TW) is a Taiwan Financials company (Life/Health Insurance) with a market value of $47.0B, the 8th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$106.00 on 6 Nov 2026.
Performance Over six months the shares gained 42.2%, against +20.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 15.8% over the last twelve months (peer median +11.5%); the operating margin is 20.6% (peer median 9.3%).
Valuation It trades at 1.40× book value against a peer median of 2.13× (10th cheapest of 20).
Price implies The share price implies a return on equity of about 7.0%; Cathay Financial Hldg delivers 14.6%, so the price asks less than the business earns today.
Next results Next results expected around 25 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$835B | NT$1.06T | NT$720B | NT$896B | NT$569B |
| Revenue growth | — | +47% | -20% | +58% | — |
| Net income | NT$137B | NT$107B | NT$110B | NT$50.9B | NT$37.4B |
| Free cash flow | -NT$173B | NT$223B | -NT$140B | -NT$72.0B | -NT$39.5B |
| Capital expenditure | NT$5.79B | NT$5.33B | NT$5.94B | NT$5.18B | NT$41.8B |
| Total debt | NT$396B | NT$456B | NT$422B | NT$311B | NT$273B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Cathay Financial Hldg 2882.TW | $47.0B | +42% | -16% | 15% | 1.40× | 7.0% |
| Fubon Financial Hldg 2881.TW | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% |
| Ctbc Financial 2891.TW | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% |
| E Sun Financial 2884.TW | $25.2B | +55% | +36% | 15% | 2.70× | 7.6% |
| Ts Financial 2887.TW | $29.2B | +62% | +200% | 15% | 1.38× | 5.9% |
| Mega Financial 2886.TW | $24.0B | +37% | +1% | 10% | 1.97× | 5.9% |
| Hua Nan Financial 2880.TW | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% |
| First Financial 2892.TW | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2882.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | +2.9% | 6th lowest of 21 |
| 6-month return | +42.2% | +20.6% | 2nd highest of 21 |
| Return on equity | 14.6% | 12.8% | 6th highest of 21 |
| Price / book | 1.40× | 2.13× | 10th cheapest of 20 |
| Trailing P/E | 11.6× | 12.9× | 9th cheapest of 20 |
| ROE the price implies | 7.0% | 9.6% | 5th least demanding of 19 |
| ROE delivered | 14.6% | 13.1% | 6th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Cathay Financial Hldg 2882.TW | Taiwan | $47.0B | +42% | -16% | 15% | 1.40× | 7.0% | 14.6% |
| Life Insurance Corp. of India LICI.NS | India | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% | n/a |
| Prudential Financial PRU | United States | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% | 12.6% |
| Hannover Rueck HNR1.DE | Germany | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% | 22.4% |
| Japan Post Hldgs 6178.T | Japan | $39.0B | +24% | 0% | 5% | 0.62× | 4.4% | 4.5% |
| Daiichi Life 8750.T | Japan | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% | 13.6% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Manulife Financial MFC.TO | Canada | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% | 12.9% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | Germany | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% | 21.4% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |