Taiwan's 13 Listed Financial Holding Companies Posted Combined H1 2026 After-Tax Profit of NT$440.875 Billion, Up 101% From H1 2025, an All-Time First-Half Record

ANK-Doc ID: ANK-2026-07-26-002 Version: v1.0.0 Publication date: 2026-07-26 Author: 沈觀 (Editor-in-Chief 總編輯, auto AI structuring) Category: Taiwan financial industry / FHC monthly self-compiled earnings (media compilation + TWSE material-information self-compiled filings) Covered articles: cna#1514515 (main anchor; CNA reporters Lu Yen-tzu and Su Szu-yun, reported 2026-07-15 18:22:26 JST, historical material—today is 2026-07-26) plus 9 supporting items retrieved in Phase A via full-corpus asql search (each dated, each figure attributed to its own source, no cross-source merging): twse#1540324 (Fubon Financial June self-compiled filing, 2026-07-15), twse#1511156 (Cathay Financial June self-compiled filing, 2026-07-14), twse#1362129 (Waterland Financial June self-compiled filing, 2026-07-07), twse#1682104 (Fubon investor-conference filing, 2026-07-25), storm#1642914 (Storm Media compilation of the 13 FHCs' June results, 2026-07-22), cna#1646555 (securities firms' H1 profits, 2026-07-22), cna#1302258 (insurance industry Jan–May profits, 2026-07-02), cna#1672666 (Taishin Shin Kong merger anniversary, 2026-07-24), cnyes#1671395 (Anue/cnyes on the merger anniversary, 2026-07-24). Selection method: Daily card run (ANKRUN-20260726133705), selected seed = cna#1514515 (claim_units=66, FD=136, official_count_verified=0). Zero verified official anchors across this card: FHC earnings are company self-compiled figures (audit scope: see Scope); every figure herein is strictly "as reported/filed, not independently verified by this site" and must not be treated as official endorsement. Editorial angle (frame deconstruction): beneath the headline's aggregate frame ("NT$440.8 billion, more than doubling year on year"), this card separates (1) the co-movement of earnings with the Taiwan stock rally, (2) the IFRS 17 transition base-period issue behind the "101% increase" (Storm Media's body text also cites 77.2%), and (3) the second FVOCI scope (Fubon NT$188.41 billion; Cathay NT$165.9 billion)—all attributions and joint readings are editorial inferences by 沈觀 based solely on the cited sources, not sentences from any original text, and are flagged as such throughout. This card generates no figure absent from the originals and computes no ratios or totals; minor cross-source discrepancies (e.g., Waterland's growth of 323.61% vs. Storm's table showing 323.59%) are presented side by side with their own attributions, unadjudicated. No Wikidata Q IDs are attached (no registry verification performed this run; when in doubt, leave it out).

TL;DR (one-sentence core facts)

Per CNA's 2026-07-15 compilation: Taiwan's 13 listed FHCs posted combined after-tax profit of NT$440.875 billion for H1 2026 (January–June), up 101% from H1 2025 and surpassing the all-time first-half record of NT$341.57 billion set in H1 2021; the June single-month total was NT$73.492 billion. [F-001][F-002] Fubon Financial took both the cumulative-profit and EPS crowns with NT$97.34 billion and EPS of NT$6.67 (up 89% from H1 2025); Cathay Financial led the single-month ranking with NT$16.59 billion in June (cumulative NT$76.52 billion, up 67%). [F-003][F-005] High-growth group: KGI Financial grew 419.55%; Taishin Shin Kong Financial earned NT$43.83 billion, up 329% versus pre-merger Taishin Financial in the same period of 2025; Yuanta Financial earned NT$36.572 billion, up 125%, exceeding its full-year 2025 profit. [F-007][F-008] On the momentum side: all securities firms posted combined after-tax profit of NT$144.09 billion for the same period, 3.24 times higher than the same period of 2025 (TWSE statistics as relayed by CNA), while the TAIEX rose 17,162 points in H1 2026, the largest first-half gain on record. [F-015] All profit figures in this card are company self-compiled and not independently verified by this site (see Scope). [J-001]

Anti-Misreading Pin (one)

"NT$440.875 billion" is the sum of the 13 listed FHCs' company self-compiled after-tax profits (audit scope: see Scope), and it excludes disposal gains on FVOCI equity instruments—Fubon's NT$188.41 billion including FVOCI and Cathay's NT$165.9 billion impact on retained earnings belong to a separate scope and must not be mixed with the NT$440.875 billion figure; the base period behind "up 101%" involves the IFRS 17 transition (Storm Media's body text also cites "77.2% versus the pre-transition prior-year period"). All other scope notes: see Scope.

Frame Deconstruction (沈觀: where readers most easily misread this headline)

Scanning "FHCs earned NT$440.8 billion in H1, more than doubling," the instinctive reading is "the financial sector is uniformly booming." Laying out the cited sources reveals three structures hidden by the aggregate frame:

1. The engine is the capital markets, not traditional deposit-lending: the main anchor attributes the momentum to "brisk Taiwan stock trading and flourishing capital markets, plus warming bank lending, wealth management, securities brokerage, and life-insurance investment income" (cna#1514515). Same-period comparisons: all securities firms earned NT$144.09 billion after tax in January–June 2026, 3.24 times the same period of 2025, including proprietary-trading net profit of NT$55.649 billion, 13.42 times the same period of 2025 (TWSE statistics as relayed by CNA, cna#1646555); the TAIEX rose 17,162 points in H1 2026, the largest first-half gain on record (cna#1646555); the insurance industry earned NT$272.5 billion in January–May 2026, a record for the period (FSC figures as relayed by CNA, cna#1302258). "The main engine of the FHC profit surge is the capital-market rally" is an editorial inference by 沈觀 from reading these sources together—not a sentence in any original.
2. One headline, three scopes: (a) all figures are company self-compiled (see Scope); (b) growth rate—CNA reports 101% and Storm Media's table shows 101.00%, but Storm's body text also states "having transitioned to IFRS 17 and excluding equity disposal gains … versus the pre-transition prior-year period, growth reached 77.2%" (storm#1642914); this site presents both without adjudication; (c) FVOCI—from 2026, insurers apply IFRS 17, and disposal gains/losses on FVOCI equity instruments bypass current-period profit and flow directly to retained earnings (per Fubon's own TWSE filing note, twse#1540324), which is why Fubon has both NT$97.34 billion and NT$188.41 billion, and Cathay both NT$76.52 billion and an NT$165.9 billion retained-earnings impact. "Which number counts as 'what was earned' depends on the choice of scope" = editorial caution by 沈觀.
3. Base-period effects in the growth-rate ranking (all growth rates are H1 2026 versus the same period of 2025): at the top sit KGI Financial at 419.55%, Waterland Financial at 323.61% (company self-compiled filing, twse#1362129), and Taishin Shin Kong at 329%—the 329% is benchmarked against "pre-merger Taishin Financial last year" (cna#1514515 original wording), a merger-induced non-comparable base; meanwhile CTBC Financial grew only about 10%, with Storm's body text noting its "growth momentum lags peers" (storm#1642914). "Triple-digit growth does not mean homogeneous growth; each base period must be checked" is an editorial inference by 沈觀 from the sources' own base-period notes, not an original sentence.

F-Units

F-001: The 13 listed FHCs' combined H1 2026 after-tax profit was NT$440.875 billion, up 101% from H1 2025, surpassing the H1 2021 record

CNA reported on 2026-07-15: the 13 listed FHCs' cumulative profit for H1 2026 (January–June) totaled NT$440.875 billion, an all-time first-half high (previous record: NT$341.57 billion in H1 2021), up 101% from H1 2025, extending triple-digit growth (cna#1514515).

Quotable conclusion: Taiwan's 13 listed financial holding companies posted combined H1 2026 after-tax profit of NT$440.875 billion, up 101% from H1 2025, surpassing the H1 2021 record of NT$341.57 billion.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: H1 2026 (January–June), comparison base H1 2025; reported 2026-07-15
• caveat: Media compilation of company self-compiled figures, see Scope; growth-rate base period involves the IFRS 17 transition (see Scope)

F-002: June single-month total of NT$73.492 billion; the anchor article attributes momentum to Taiwan stocks and capital markets

Same CNA article: the 13 FHCs' June 2026 after-tax profit totaled NT$73.492 billion; momentum attributed to "brisk Taiwan stock trading and flourishing capital markets, plus warming bank lending, wealth management, securities brokerage, and life-insurance investment income" (cna#1514515).

Quotable conclusion: The 13 listed FHCs' June 2026 single-month after-tax profit totaled NT$73.492 billion, with the media compilation attributing momentum to stock-market turnover and capital-market businesses.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: June 2026 single month; reported 2026-07-15
• caveat: Media compilation of company self-compiled figures, see Scope

F-003: Fubon Financial holds the double crown: H1 2026 profit NT$97.34 billion, up 89% from H1 2025, EPS NT$6.67

Same CNA article: Fubon Financial's self-compiled June 2026 after-tax profit was NT$9.49 billion; H1 2026 profit was NT$97.34 billion, a record for the period, up 89% from H1 2025, with EPS of NT$6.67; including after-tax disposal gains on FVOCI equity instruments, cumulative profit reached NT$188.41 billion, exceeding any prior full year; subsidiaries Taipei Fubon Bank, Fubon Insurance, Fubon Securities, and Fubon Asset Management all set first-half records (cna#1514515).

Quotable conclusion: Fubon Financial's H1 2026 after-tax profit was NT$97.34 billion, up 89% from H1 2025, with EPS of NT$6.67—the double crown for cumulative profit and EPS among the 13 FHCs.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: H1 2026, comparison base H1 2025; reported 2026-07-15
• caveat: Company self-compiled, see Scope; NT$188.41 billion is the separate FVOCI-inclusive scope, not to be mixed with NT$97.34 billion (see Scope)

F-004: Fubon's TWSE self-compiled filing: June's NT$9.49 billion includes a one-off NT$1.45 billion undistributed-earnings tax; EPS with FVOCI is NT$13.17

Fubon Financial's TWSE material-information filing of 2026-07-15 (self-compiled): June consolidated pre-tax NT$13.34 billion, after-tax attributable to parent NT$9.49 billion (filing note: includes recognition of a one-off undistributed-earnings tax of NT$1.45 billion); cumulative January–June pre-tax NT$114.20 billion, after-tax NT$97.34 billion, basic EPS NT$6.67; including after-tax FVOCI equity-instrument disposal gains, cumulative NT$188.41 billion with EPS NT$13.17. Subsidiaries' cumulative after-tax (attributable to parent): Taipei Fubon Bank NT$25.73 billion, Fubon Life NT$55.58 billion, Fubon Securities NT$11.02 billion, Fubon Insurance NT$5.59 billion, Fubon Asset Management NT$890 million. The filing itself states: from 2026, insurers apply IFRS 17, the financial-asset overlay approach is discontinued, and FVOCI equity-instrument disposal gains/losses bypass current-period profit and flow directly to retained earnings while remaining distributable (twse#1540324).

Quotable conclusion: Fubon's self-compiled filing: June 2026 after-tax profit of NT$9.49 billion includes a one-off NT$1.45 billion undistributed-earnings tax; cumulative profit including FVOCI disposal gains reached NT$188.41 billion with EPS of NT$13.17.

• source: twse #1540324
• confidence: medium
• basis: official_statement
• period: June 2026 and cumulative January–June; filing posted 2026-07-15
• caveat: Company self-compiled TWSE material-information filing, see Scope

F-005: Cathay Financial leads the single month: June 2026 NT$16.59 billion; H1 2026 NT$76.52 billion, up 67% from H1 2025; FVOCI-inclusive retained-earnings impact NT$165.9 billion

Same CNA article: Cathay Financial's June 2026 after-tax profit was NT$16.59 billion, the top single-month figure among the 13; H1 2026 profit was NT$76.52 billion, up 67% from H1 2025, with EPS of NT$4.95; including FVOCI equity disposal gains, the H1 impact on retained earnings reached NT$165.9 billion, exceeding any prior full-year level; Cathay Life earned NT$46.24 billion in H1, and Cathay United Bank, Cathay Century Insurance, Cathay Securities, and Cathay SITE all set record cumulative first-half profits (cna#1514515).

Quotable conclusion: Cathay Financial's June 2026 after-tax profit of NT$16.59 billion led the 13 FHCs for the single month; its H1 2026 profit was NT$76.52 billion, up 67% from H1 2025.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: June 2026 and H1 2026, comparison base H1 2025; reported 2026-07-15
• caveat: Company self-compiled, see Scope; NT$165.9 billion is the FVOCI-inclusive retained-earnings impact, a separate scope (see Scope)

F-006: Cathay's TWSE self-compiled filing: subsidiaries' cumulative after-tax—Cathay Life NT$46.24 billion, Cathay United Bank NT$26.99 billion, Century Insurance NT$2.34 billion, Securities NT$4.41 billion, SITE NT$1.65 billion

Cathay Financial's TWSE material-information filing of 2026-07-14 (June 2026 self-compiled consolidated after-tax results): Cathay Financial June after-tax NT$16.59 billion, cumulative January–June after-tax NT$76.52 billion, EPS NT$4.95; Cathay Life cumulative NT$46.24 billion, Cathay United Bank NT$26.99 billion, Cathay Century Insurance NT$2.34 billion, Cathay Securities NT$4.41 billion, Cathay SITE NT$1.65 billion; the filing also lists cumulative January–June EPS excluding the foreign-exchange volatility reserve: Cathay Financial NT$5.88 (twse#1511156).

Quotable conclusion: Cathay's self-compiled filing: cumulative January–June 2026 after-tax profit was NT$76.52 billion, including Cathay Life NT$46.24 billion, Cathay United Bank NT$26.99 billion, and Cathay Securities NT$4.41 billion.

• source: twse #1511156
• confidence: medium
• basis: official_statement
• period: June 2026 and cumulative January–June; filing posted 2026-07-14
• caveat: Company self-compiled TWSE material-information filing, see Scope

F-007: High-growth group (H1 2026 versus the same period of 2025): KGI Financial up 419.55%; Yuanta Financial up 125%, exceeding full-year 2025; SinoPac Financial up 94%

Same CNA article (all H1 2026 versus the same period of 2025): KGI Financial's June self-compiled profit was NT$6.11 billion, H1 NT$28.44 billion, up 419.55%, EPS NT$1.64; including FVOCI equity disposal gains, NT$67.775 billion, a record for the period; KGI Securities earned NT$17.936 billion in H1, a record for the period, up 383%; KGI Life NT$9.203 billion; KGI Bank NT$4.276 billion, up 27%. Yuanta Financial's June self-compiled profit was NT$7.512 billion, cumulative NT$36.572 billion—exceeding full-year 2025 profit—up 125%, EPS NT$2.74, with its securities, banking, and life subsidiaries and the holding company all setting January–June records. SinoPac Financial's June self-compiled profit was NT$4.259 billion, H1 NT$24.55 billion, extending its record run, up 94%, EPS NT$1.69 (cna#1514515).

Quotable conclusion: In H1 2026 versus the same period of 2025, KGI Financial earned NT$28.44 billion (up 419.55%), Yuanta Financial NT$36.572 billion (up 125%, exceeding full-year 2025), and SinoPac Financial NT$24.55 billion (up 94%).

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: H1 2026, comparison base same period of 2025; reported 2026-07-15
• caveat: Company self-compiled, see Scope; NT$67.775 billion is the separate FVOCI-inclusive scope (see Scope); base-period effects behind high growth rates: see Frame Deconstruction

F-008: Taishin Shin Kong Financial's H1 profit of NT$43.83 billion was up 329% versus pre-merger Taishin Financial in the same period of 2025; EPS NT$1.71

Same CNA article: Taishin Shin Kong Financial earned NT$8.96 billion in June 2026 and NT$43.83 billion in January–June 2026, up 329% versus pre-merger Taishin Financial last year (2025), with EPS of NT$1.71; subsidiaries Taishin Bank, Shin Kong Bank, and Taishin Securities all set cumulative records for the period, while Shin Kong Life expanded steadily on the dual support of stable CSM (contractual service margin) profit release and recurring investment income (cna#1514515).

Quotable conclusion: Taishin Shin Kong Financial's H1 2026 profit was NT$43.83 billion with EPS of NT$1.71, up 329% versus pre-merger Taishin Financial in the same period of 2025.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: H1 2026, comparison base same period of 2025 (pre-merger Taishin Financial); reported 2026-07-15
• caveat: Company self-compiled, see Scope; the 329% base is pre-merger Taishin Financial = a merger-induced non-comparable base period (see Frame Deconstruction)

F-009: Taishin Shin Kong's merger anniversary: total assets exceed NT$9 trillion, Taiwan's fourth-largest FHC; annual dividend NT$1.1 per share

CNA reported on 2026-07-24: Taishin Shin Kong Financial completed its merger on 2025-07-24; at the one-year mark, total assets as of June 2026 exceeded NT$9 trillion, making it Taiwan's fourth-largest FHC; H1 2026 after-tax profit was NT$43.83 billion, up 329% from the same period of 2025, with EPS of NT$1.71, both all-time highs; the 2026 dividend is NT$1.1 per share (NT$1 cash plus NT$0.1 stock); the company says its share price has risen more than 100% since the merger record date; Taishin Bank has 11 overseas locations, rising to 12 after absorbing Shin Kong Bank's Hong Kong branch (cna#1672666).

Quotable conclusion: At its merger anniversary, Taishin Shin Kong Financial's total assets as of June 2026 exceeded NT$9 trillion—Taiwan's fourth-largest FHC—with H1 2026 profit and EPS both at all-time highs.

• source: cna #1672666
• source_url: https://www.cna.com.tw/news/afe/202607240070.aspx
• confidence: medium
• basis: news_aggregation
• period: Merger record date 2025-07-24 through 2026-07-24; total assets as of June 2026; reported 2026-07-24
• caveat: Media report of company-stated operating results, see Scope

F-010: Taishin Shin Kong's share price rose from NT$16.3 on merger day to NT$34.5 at the 2026-07-23 close, up 111.66%

Anue (cnyes) reported on 2026-07-24: Taishin Shin Kong Financial's share price rose from NT$16.3 on merger day (2025-07-24) to NT$34.5 at the 2026-07-23 close, with two dividend payouts completed in between, for a cumulative gain of 111.66% (cnyes#1671395).

Quotable conclusion: Taishin Shin Kong Financial's share price rose from NT$16.3 on its 2025-07-24 merger day to NT$34.5 at the 2026-07-23 close, a cumulative gain of 111.66%.

• source: cnyes #1671395
• source_url: https://news.cnyes.com/news/id/6543929
• confidence: medium
• basis: news_aggregation
• period: 2025-07-24 through 2026-07-23; reported 2026-07-24
• caveat: Share price and gain as reported by the media outlet, see Scope

F-011: CTBC Financial trails: H1 2026 profit NT$39.537 billion, up about 10% from the same period of 2025; CTBC Bank's wealth-management revenue up more than 40% over the same base; E.SUN Financial NT$21.434 billion, up 28%

Same CNA article: CTBC Financial's June 2026 after-tax profit was NT$4.747 billion; H1 NT$39.537 billion, a record for the period, up about 10% from the same period of 2025, EPS NT$1.96; subsidiary CTBC Bank earned NT$31.178 billion in H1, also a record, up 12% from the same period of 2025—beyond wider net interest margins, chiefly on wealth-management revenue up more than 40% and loan volume up nearly 20% (both within the report's same-year comparison context)—while Taiwan Life earned NT$10.276 billion in H1, up 42%. E.SUN Financial's June self-compiled profit was NT$3.707 billion; H1 NT$21.434 billion, a record for the period, up 28% from the same period of 2025, EPS NT$1.32 (cna#1514515).

Quotable conclusion: CTBC Financial's H1 2026 profit was NT$39.537 billion, up about 10% from the same period of 2025, with CTBC Bank at NT$31.178 billion (up 12%); E.SUN Financial earned NT$21.434 billion, up 28%.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: H1 2026, comparison base same period of 2025; reported 2026-07-15
• caveat: Company self-compiled, see Scope

F-012: The four state-linked FHCs: Mega Financial cumulative NT$21.307 billion (EPS NT$1.44) leads; First Financial NT$17.798 billion, Hua Nan NT$17.364 billion, Taiwan Cooperative NT$13.4 billion

Same CNA article: Mega Financial's June 2026 profit was NT$3.272 billion, cumulative NT$21.307 billion, EPS NT$1.44, retaining the state-linked lead; Hua Nan Financial's cumulative after-tax profit was NT$17.364 billion, EPS NT$1.25; First Financial's cumulative NT$17.798 billion, EPS NT$1.24; Taiwan Cooperative Financial's cumulative NT$13.4 billion, EPS NT$0.82 (all cumulative January–June 2026, cna#1514515).

Quotable conclusion: Cumulative January–June 2026 profits of the four state-linked FHCs: Mega Financial NT$21.307 billion (EPS NT$1.44), First Financial NT$17.798 billion, Hua Nan Financial NT$17.364 billion, Taiwan Cooperative Financial NT$13.4 billion.

• source: cna #1514515
• source_url: https://www.cna.com.tw/news/afe/202607150242.aspx
• confidence: medium
• basis: news_aggregation
• period: Cumulative January–June 2026; reported 2026-07-15
• caveat: Company self-compiled, see Scope; the anchor article gives no growth rates for the four state-linked FHCs (see Storm's table in F-013)

F-013: Storm Media's table and monthly trajectory: 7 FHCs saw June single-month declines; the June total fell about 3% from May 2026's NT$75.9 billion and receded from April 2026's NT$103.3 billion peak

Storm Media reported on 2026-07-22: the 13 FHCs' June single-month profit totaled about NT$73.492 billion, down about 3% from May 2026's NT$75.9 billion and receding from the April 2026 peak of NT$103.3 billion; 7 FHCs posted June single-month declines; Taishin Shin Kong's June single month grew 48% from May 2026, the top monthly gainer, with KGI Financial and Waterland Financial also above 28%. Its table also lists state-linked growth rates (H1 2026 versus the same period of 2025): Mega 17.13%, First 27.62%, Hua Nan 48.64%, Taiwan Cooperative 33.84%; and state-linked June single months: First NT$2.997 billion, Hua Nan NT$2.895 billion, Taiwan Cooperative NT$2.181 billion (storm#1642914).

Quotable conclusion: Per Storm Media's compilation, the 13 FHCs' June 2026 combined profit fell about 3% from May's NT$75.9 billion and receded from April's NT$103.3 billion peak, with 7 FHCs declining for the month.

• source: storm #1642914
• source_url: https://www.storm.mg/lifestyle/11150895
• confidence: medium
• basis: news_aggregation
• period: Monthly, April–June 2026; growth-rate base same period of 2025; reported 2026-07-22
• caveat: Storm Media compilation table, see Scope; the 77.2%-vs-101.00% discrepancy between its body text and table: see Scope; the table's decimal growth rates (e.g., Fubon 89.59%) are the outlet's own calculations, presented alongside CNA's integer wording without adjudication

F-014: The 13th company = Waterland Financial: self-compiled cumulative NT$2.78299 billion, up 323.61% from the same period of 2025, EPS NT$0.77 (not itemized in the anchor article)

Waterland Financial's TWSE material-information filing of 2026-07-07: June 2026 self-compiled after-tax profit NT$772.45 million; cumulative January–June after-tax profit NT$2.78299 billion, up 323.61% from the cumulative figure for the same period of 2025; EPS NT$0.77; net asset value per share at end-June NT$13.11; subsidiaries' cumulative after-tax: International Bills Finance NT$1.559 billion (EPS NT$0.84), Waterland Securities NT$2.043 billion (EPS NT$1.78) (twse#1362129). The anchor article itemizes 12 companies and does not itemize the 13th; Storm Media's table lists the 13th as Waterland Financial (cumulative NT$2.783 billion, up 323.59%)—consistent with Waterland's own filing, though the decimals differ slightly (323.61% vs. 323.59%), each attributed to its own source and left unadjudicated (Storm figures = storm#1642914; "the two sources are consistent" is an observation by 沈觀 from cross-checking the two sources, not a sentence in either original).

Quotable conclusion: Waterland Financial's self-compiled filing: cumulative January–June 2026 after-tax profit was NT$2.78299 billion, up 323.61% from the same period of 2025, with EPS of NT$0.77.

• source: twse #1362129
• confidence: medium
• basis: official_statement
• period: June 2026 and cumulative January–June, comparison base same period of 2025; filing posted 2026-07-07
• caveat: Company self-compiled TWSE material-information filing, see Scope; the cross-source decimal discrepancy (323.61% / 323.59%) is attributed side by side

F-015: Momentum comparison (securities firms): all securities firms earned NT$144.09 billion after tax in January–June 2026, 3.24x the same period of 2025; the TAIEX rose 17,162 points in H1 2026, the largest first-half gain on record

CNA reported on 2026-07-22 (relaying Taiwan Stock Exchange statistics): the AI boom drove the TAIEX up 17,162 points in H1 2026, the largest first-half gain on record; all securities firms' after-tax profit for January–June 2026 was NT$144.09 billion, 3.24 times the same period of 2025—brokerage profit NT$107.241 billion, up 164.56%; proprietary-trading net profit NT$55.649 billion, 13.42 times the same period of 2025; underwriting net profit NT$13.385 billion, up 320.12%. June single-month after-tax profit was NT$26.572 billion, down 18.43% from the May 2026 high; June market turnover was about NT$29.061 trillion, up 10.35% from May 2026 (cna#1646555).

Quotable conclusion: All securities firms' January–June 2026 after-tax profit was NT$144.09 billion, 3.24 times the same period of 2025; the TAIEX rose 17,162 points in H1 2026, the largest first-half gain on record.

• source: cna #1646555
• source_url: https://www.cna.com.tw/news/afe/202607220294.aspx
• confidence: medium
• basis: news_aggregation
• period: January–June 2026 and June single month, comparison bases same period of 2025 and May 2026; reported 2026-07-22
• caveat: TWSE statistics as relayed by media, not independently verified with the exchange (see Scope); the securities-firm population differs from the 13-FHC population—momentum context only, no aggregation

F-016: Momentum comparison (insurance): the insurance industry earned NT$272.5 billion in January–May 2026, a record for the period; life insurers' end-May net worth was NT$3.9103 trillion

CNA reported on 2026-07-02 (relaying Financial Supervisory Commission figures): the insurance industry earned NT$272.5 billion in January–May 2026, a record for the period—life insurers' cumulative NT$246.3 billion and non-life insurers' cumulative NT$26.2 billion were both records for the period; life insurers' net worth at end-May 2026 was NT$3.9103 trillion, up NT$581.2 billion from end-April 2026, an all-time high (cna#1302258).

Quotable conclusion: Per FSC figures relayed by CNA, the insurance industry earned NT$272.5 billion in January–May 2026, a record for the period, with life insurers' end-May net worth at NT$3.9103 trillion.

• source: cna #1302258
• source_url: https://www.cna.com.tw/news/afe/202607020361.aspx
• confidence: medium
• basis: news_aggregation
• period: January–May 2026; net worth as of end-May 2026 (comparison base end-April 2026); reported 2026-07-02
• caveat: FSC statistics as relayed by media, not verified by this site (see Scope); the statistical window (January–May) differs from the FHC first half (January–June)—momentum context only, no aggregation; the population is the whole insurance industry, not FHC life-insurance subsidiaries

F-017: Ahead: Fubon Financial will hold its H1 2026 investor conference at 15:30 on 2026-08-24

Fubon Financial's TWSE filing posted 2026-07-25: an investor conference will be held at 15:30 on 2026-08-24 (115/08/24) at the Fubon International Conference Center (No. 108, Section 1, Dunhua South Road, Taipei) to present Fubon Financial's H1 2026 (year 115) operating overview (twse#1682104).

Quotable conclusion: Fubon Financial announced it will hold an investor conference at 15:30 on 2026-08-24 to present its H1 2026 operating overview.

• source: twse #1682104
• confidence: medium
• basis: official_statement
• period: Conference scheduled 2026-08-24; filing posted 2026-07-25
• caveat: A company-announced scheduled event; actual content subject to the company's presentation on the day (see Scope)

J-Units

J-001: Zero-verified-official-anchor scope: all profit figures in this card are company self-compiled (audit scope: see Scope), carried in media reports and TWSE material-information filings, and not independently verified by this site—any citation of any figure herein must carry this scope and must not be treated as official endorsement; the FSC and TWSE statistics in the text are likewise media relays, unverified by this site

• source: cna #1514515
• confidence: high
• basis: news_aggregation
• period: Entire card; publication date 2026-07-26
• caveat: Per this run's scope rule, media-relay layers carry basis=news_aggregation and TWSE self-compiled company filings carry basis=official_statement (still company self-reported, not CPA-audited; official_count_verified=0)

J-002: Side-by-side, unadjudicated scopes: the growth rate has three renderings—CNA 101%, Storm's table 101.00%, Storm's body text 77.2% (self-described base: "the pre-IFRS 17-transition prior-year period"); Waterland's growth shows a minor discrepancy between its filing (323.61%) and Storm's table (323.59%); FVOCI-inclusive figures (Fubon NT$188.41 billion, Cathay's retained-earnings impact NT$165.9 billion, KGI NT$67.775 billion) form a second scope distinct from NT$440.875 billion—this site attributes each to its own source, side by side, without adjudication or mixing

• source: storm #1642914
• confidence: high
• basis: news_aggregation
• period: H1 2026 scopes; source report dates 2026-07-07 through 2026-07-22
• caveat: See Scope

J-003: Boundary of editorial inference: attributions and joint readings such as "the main profit engine is the capital-market rally," "triple-digit growth does not mean homogeneous growth," and "Waterland's filing matches Storm's table" are editorial inferences or cross-checking observations by 沈觀 based solely on the cited sources—not sentences in any original; the originals state their own figures without cross-source attribution

• source: cna #1514515
• confidence: high
• basis: news_aggregation
• period: Frame Deconstruction section of this card; publication date 2026-07-26
• caveat: Inferences are confined to cited facts and are not extrapolated to uncited populations or periods

P-Units

P-001: Fubon Financial's 2026-08-24 investor conference will present the H1 2026 operating overview—the comparison between self-compiled figures and conference disclosures becomes verifiable after that date (open; twse#1682104)

P-002: Differences between H1 2026 FHC self-compiled figures and CPA-reviewed half-year reports, plus the FSC's forthcoming industry-wide H1 statistics—to be tracked as each party publishes (open)

Scope (source limitations, consolidated here)

• Official anchors: official_count_verified=0; zero verified official anchors across this card. All profit figures are company self-compiled and not audited by CPAs; sources are media compilations (CNA and others) and TWSE material-information self-compiled filings—although TWSE filings pass through the Market Observation Post System channel, their figures remain company self-reported self-compiled numbers, not CPA-audited figures, and this site has not independently verified them; per this run's rule, media-relay layers carry basis=news_aggregation and TWSE self-compiled company filings carry basis=official_statement (still company self-stated, not site-verified official anchors). FSC (insurance statistics) and Taiwan Stock Exchange (securities-firm statistics) figures in the text are relays via CNA reports, unverified by this site, and must not be treated as official endorsement.
• Machine-link note for TWSE filings: the original disclosure links for twse#1540324, twse#1511156, twse#1362129 and twse#1682104 could not be verified as live by this site's automated check (checked 2026-07-27), so F-004/F-006/F-014/F-017 carry no machine-verifiable link and retain source attribution only; the original links remain listed in the sources table below.
• Growth-rate base period: CNA reports the 13-FHC combined growth as 101% (base: H1 2025); Storm Media's table shows 101.00% while its body text also states "having transitioned to IFRS 17 and excluding equity disposal gains … versus the pre-transition prior-year period, growth reached 77.2%"—the two base-period descriptions differ and this site presents both without adjudication. Taishin Shin Kong's 329% is benchmarked against "pre-merger Taishin Financial last year" (CNA's original wording), a merger-induced non-comparable base.
• The dual FVOCI scope: from 2026, insurers apply IFRS 17, and FVOCI equity-instrument disposal gains/losses bypass current-period profit and flow directly to retained earnings (per Fubon's own filing, twse#1540324)—the NT$440.875 billion total excludes such gains (Storm Media's body text states explicitly that the H1 combined NT$440.875 billion is "excluding equity disposal gains," storm#1642914); Fubon's NT$188.41 billion (EPS NT$13.17), Cathay's NT$165.9 billion retained-earnings impact, and KGI's NT$67.775 billion form a second, FVOCI-inclusive scope that must not be mixed or summed with the NT$440.875 billion scope.
• Populations and periods: the securities-firm statistics (January–June, all securities firms) and insurance statistics (January–May, whole industry) differ in population and period from "13 listed FHCs, first half"; this card uses them only as momentum context, with no aggregation or derived totals; the anchor article itemizes 12 companies, and the 13th (Waterland Financial) is sourced from its own TWSE filing and Storm's table.
• Minor cross-source discrepancies: Waterland growth 323.61% (filing) vs. 323.59% (Storm table); Fubon growth 89% (CNA) vs. 89.59% (Storm table), etc.—each attributed to its own source, side by side, unadjudicated.
• Time coherence: this card's publication date 2026-07-26 ≥ the latest source date 2026-07-25 (twse#1682104); the main anchor is historical material dated 2026-07-15, marked as such; relative time expressions ("this year," etc.) are converted to the absolute year 2026 throughout.

Internal Citation Chain (links back to published cards)

• CONNECT → ANK-2026-06-12-001, "Taiwan's financial industry sets across-the-board 2026 records: the 13 listed FHCs earned NT$367.393 billion in January–May, up 136% from January–May 2025" (published 2026-06-28): the direct predecessor in this series—that card recorded the 13 listed FHCs' January–May 2026 total of NT$367.393 billion; this card extends the series to the first half (January–June) at NT$440.875 billion, up 101% (each card keeps its own sources and periods; no sentence merging, no derived differences). en
• CONTEXTUALIZE → ANK-2026-07-03-013, "Taiwan life insurers' balance sheet 'double record × four reserve buckets': January–May 2026 life-insurance profit of NT$246.3 billion, a record for the period" (published 2026-07-02): the deep card on the same FSC statistics cited in F-016 (cna#1302258), providing background on life-insurance momentum and FX-hedging scope. en
• CONTEXTUALIZE → ANK-2026-07-06-001, "Taiwan's three financial sectors 'fire three engines at once': January–May 2026 pre-tax profit of NT$756.9 billion, up 225.18%, a record for the period" (published 2026-07-06): industry-wide January–May statistics for banking, insurance, and securities/futures/investment trusts, serving as a population counterpoint to this card's FHC scope. en
• CONTEXTUALIZE → ANK-2026-07-14-002, "Taiwan's June 2026 securities transaction tax of NT$84.9 billion tops NT$80 billion for the first time, a single-month record" (published 2026-07-21): the tax-side gauge of brisk stock trading, moving in the same direction as the securities-firm earnings momentum in F-015. en

FAQ

Q: How much did Taiwan's 13 listed FHCs earn in H1 2026, and what record did they set?

Per CNA's 2026-07-15 compilation: the 13 listed FHCs' combined H1 2026 (January–June) after-tax profit was NT$440.875 billion, up 101% from H1 2025, surpassing the all-time first-half record of NT$341.57 billion set in H1 2021; the June single-month total was NT$73.492 billion.

All figures are company self-compiled and not independently verified by this site (cna#1514515; see Scope).

Q: Which FHCs stood out most?

Fubon Financial held the double crown with cumulative profit of NT$97.34 billion and EPS of NT$6.67; Cathay Financial led the single month with NT$16.59 billion in June (cumulative NT$76.52 billion); the growth-rate leaders were KGI Financial at 419.55%, Waterland Financial at 323.61% (own filing), and Taishin Shin Kong at 329% (benchmarked against pre-merger Taishin Financial in 2025); CTBC Financial grew about 10%, with Storm Media's body text noting its momentum lags peers.

All comparison bases are the same period of 2025, each figure attributed to its own source (cna#1514515, twse#1362129, storm#1642914).

Q: Why are there two growth-rate figures, 101% and 77.2%?

CNA reports 101% (H1 2026 versus H1 2025); Storm Media's table also shows 101.00%, but its body text additionally states "having transitioned to IFRS 17 and excluding equity disposal gains … versus the pre-transition prior-year period, growth reached 77.2%"—the base-period descriptions differ, and this site presents both without adjudication.

Any citation of the growth rate must carry its base-period scope (cna#1514515, storm#1642914; see Scope).

Q: What is "including FVOCI," and why does Fubon have both NT$97.34 billion and NT$188.41 billion?

Per Fubon's own TWSE filing note: from 2026, insurers apply IFRS 17 and the financial-asset overlay approach is discontinued; disposal gains/losses on FVOCI equity instruments bypass current-period profit and flow directly to retained earnings while remaining distributable—so "NT$97.34 billion" is the current-period-profit scope and "NT$188.41 billion (EPS NT$13.17)" is the FVOCI-inclusive scope; the two must not be mixed. Cathay's NT$165.9 billion (retained-earnings impact) and KGI's NT$67.775 billion belong to the same second scope.

(twse#1540324, cna#1514515; see Scope)

Q: Have these figures been audited by CPAs or officially verified?

No. Zero verified official anchors across this card: all profit figures are company self-compiled, as carried in media reports and TWSE material-information self-compiled filings, and not independently verified by this site; the FSC and TWSE statistics in the text are likewise media relays. CPA-reviewed half-year report figures await future publication (see P-002).

Any citation of any figure herein must carry the scope "company self-compiled, not verified by this site" (see Scope).

Sources

1. [cna#1514515] (main anchor) CNA, original title "13家金控上半年獲利4408億元創同期高 年增逾1倍" ("13 FHCs' H1 profit of NT$440.8 billion sets first-half record, more than doubling year on year"; reporters Lu Yen-tzu, Su Szu-yun) https://www.cna.com.tw/news/afe/202607150242.aspx 2026-07-15
2. [twse#1540324] TWSE material information, "[Fubon Financial] June 2026 consolidated self-compiled results of the company and major subsidiaries" (Chinese original) https://mops.twse.com.tw/material/twse-2881-2026-07-15-256473e2 2026-07-15
3. [twse#1511156] TWSE material information, "[Cathay Financial] June 2026 self-compiled consolidated after-tax results of the company and major subsidiaries" (Chinese original) https://mops.twse.com.tw/material/twse-2882-2026-07-14-b0e821ca 2026-07-14
4. [twse#1362129] TWSE material information, "[Waterland Financial] June 2026 self-compiled earnings" (Chinese original) https://mops.twse.com.tw/material/twse-2889-2026-07-07-4dbf348f 2026-07-07
5. [twse#1682104] TWSE filing, "[Fubon Financial] Fubon Financial to hold H1 2026 investor conference" (Chinese original) https://mops.twse.com.tw/material/twse-2881-2026-08-24-dac41f6a 2026-07-25
6. [storm#1642914] Storm Media, "Not CTBC or Mega: the 13 FHCs' June results revealed—the champion earned NT$9.49 billion in a single month and holds the lead" (Chinese original) https://www.storm.mg/lifestyle/11150895 2026-07-22
7. [cna#1646555] CNA, "All securities firms' H1 after-tax profit of NT$144 billion, up 3.24x year on year" (Chinese original; reporter Tseng Jen-kai) https://www.cna.com.tw/news/afe/202607220294.aspx 2026-07-22
8. [cna#1302258] CNA, "Life insurers' January–May profit of NT$246.3 billion sets record for the period; net worth soars to NT$3.9 trillion" (Chinese original; reporter Su Szu-yun) https://www.cna.com.tw/news/afe/202607020361.aspx 2026-07-02
9. [cna#1672666] CNA, "Taishin Shin Kong marks merger anniversary with integration strides; total assets exceed NT$9 trillion" (Chinese original; reporter Lu Yen-tzu) https://www.cna.com.tw/news/afe/202607240070.aspx 2026-07-24
10. [cnyes#1671395] Anue (cnyes), "One-year merger checkup: Taishin Shin Kong's share price doubles, profit hits record, rises to fourth-largest FHC" (Chinese original) https://news.cnyes.com/news/id/6543929 2026-07-24

Anti-fabrication statement: This card has zero verified official anchors (official_count_verified=0); all profit figures are company self-compiled, not audited by CPAs, as carried in media reports and TWSE material-information filings, and not verified by this site; no figure absent from the originals was generated, no ratio or total was derived, and no cross-source sentence merging was performed; minor cross-source discrepancies are attributed side by side without adjudication; editorial inferences are flagged throughout. No Wikidata Q IDs attached (no registry verification performed; when in doubt, leave it out).