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Fubon Financial posts 5.6% YOY increase in FY'15 net income

FubonFinancial Holding Co. Ltd. on March 30 reported a 5.6%year-over-year increase in net income attributable to the parent company in theyear ended Dec. 31, 2015.

Net income for 2015 rose to NT$63.59 billion from NT$60.24billion in 2014. Net interest income for the 12-month period to Dec. 31, 2015,increased 6.3% year over year to NT$94.97 billion from NT$89.32 billion.

The company's insurance income amounted to NT$264.09 billionfor 2015, up from NT$230.94 billion in 2014.

Net revenue for the full year rose 12.7% year over year toNT$430.24 billion from NT$381.84 billion.

Fubon Financial said its fourth-quarter 2015 net incomeattributable to the parent company came in at NT$5.45 billion.

The company's capital adequacy ratio for 2015 fell to124.83% from 137.36% in 2014.

Fubon LifeInsurance Co. Ltd. reported net income attributable to the parentof NT$41.02 billion, up 16% year over year from NT$35.37 billion.

The insurer's first year premium for 2015 rose to NT$205.28billion from NT$190.97 billion in 2014. Retained earned premium for the fullyear rose 12.9% to NT$440.30 billion from NT$390.08 billion in 2014.

The company's total investment income for the full year roseto NT$130.26 billion from NT$109.88 billion.

As of March 30, US$1was equivalent to NT$32.18.