國泰金今天召開法說會,財務長陳晏如說,國泰金今年以來獲利相當不錯,前10月稅後獲利942億元,EPS自結6.16元,子公司表現優異,明年股利一定會反映今年營運成果,等全年結算後,視整個資本市場狀況,以及營運成長需要,再看市場同業的股息殖利率狀況,兼顧財務穩當性,規劃具有股息競爭力的股利政策,提報董事會。 至於明年接軌IFRS17號會計準則後,牽動壽險業者認列保單收益的CSM(合約服務邊際),國壽執行副總林昭廷說,國壽前9月的CSM(合約服務邊際)681億元,比上半年的465億元,增加216億元,每個月都蠻強勁的,「每年至少700億元,明年目標750億元以上,約10%至15%成長」。 淨值部分,國泰金的淨值由去年底的9065億元,小幅回升至今年9月底的9079億元,主要受惠獲利挹注,惟部分增幅因新台幣大幅升值,致金融資產評價下滑而抵銷;每股淨值由去年底的54.3元,微升至今年9月底的54.5元。 國壽淨值由去年底的7177億元,回升至今年9月底的7381億元,年增204億元,主要受獲利及股債評價回升挹注,惟新台幣升值致金融資產未實現損益下滑,由去年底的虧損651億元,今年9月底擴大至784億元,抵銷部分增幅。 林昭廷說,國壽10月實現不少股票資本利得,截至昨天,國內外股票未實現損益跟9月差不多。 截至9月底,國壽淨值比9.3%。 至於股債操作,國壽的現金及約當現金部位,截至9月底為2740億元,年增1180億元,占比由1.9%大幅拉高至3.5%;相對地,股票部位逢高賣出,國內股票部位降至6.9%(去年底為7.2%),國外股票部位由去年底的5.5%,降至今年9月底的5.1%。 截至9月底,累計認列174億元現金股利收入,已超越去年全年,反映伺機回補股票部位,提升經常性收益。 國壽表示,將持續分散投資區域以降低風險,北美、歐洲、亞太及其他市場分別占國外固定收益投資的52%、18%、17%及13%。 林昭廷說,未來會把股債部位,絕大多數都放在財報的FVOCI(其他綜合損益按公允價值衡量),變動影響淨值,不影響損益表。 林昭廷說,明年隨著IFRS17號公報上路,預估國壽淨值會下降,因為債券部位原本放在財報裡的AC(按攤銷後成本衡量),目前都是評價損失,等到明年會重分類,改放到FVOCI(其他綜合損益按公允價值衡量),變動進到淨值裡,因此淨值會有變動。 國壽的外匯價格變動準備金,目前已有840億元,較10月底的603億元,增加逾2百億元。 (資料來源:威傳媒新聞-WinNews) 延伸閱讀: 年省900億外匯避險成本!壽險公會籲調會計評價制度 15年打下3大鋼釘 國泰金每股隱含價值升至87.2元!匯損、投資佈局 法說會揭露速看 國泰金每股隱含價值升至77.7元!每股精算價值94.5元 法說會重點看表易懂 國泰金今天召開法說會,財務長陳晏如說,國泰金今年以來獲利相當不錯,前10月稅後獲利942億元,EPS自結6.16元,子公司表現優異,明年股利一定會反映今年營運成果,等全年結算後,視整個資本市場狀況,以及營運成長需要,再看市場同業的股息殖利率狀況,兼顧財務穩當性,規劃具有股息競爭力的股利政策,提報董事會。 至於明年接軌IFRS17號會計準則後,牽動壽險業者認列保單收益的CSM(合約服務邊際),國壽執行副總林昭廷說,國壽前9月的CSM(合約服務邊際)681億元,比上半年的465億元,增加216億元,每個月都蠻強勁的,「每年至少700億元,明年目標750億元以上,約10%至15%成長」。 淨值部分,國泰金的淨值由去年底的9065億元,小幅回升至今年9月底的9079億元,主要受惠獲利挹注,惟部分增幅因新台幣大幅升值,致金融資產評價下滑而抵銷;每股淨值由去年底的54.3元,微升至今年9月底的54.5元。 國壽淨值由去年底的7177億元,回升至今年9月底的7381億元,年增204億元,主要受獲利及股債評價回升挹注,惟新台幣升值致金融資產未實現損益下滑,由去年底的虧損651億元,今年9月底擴大至784億元,抵銷部分增幅。 林昭廷說,國壽10月實現不少股票資本利得,截至昨天,國內外股票未實現損益跟9月差不多。 截至9月底,國壽淨值比9.3%。 至於股債操作,國壽的現金及約當現金部位,截至9月底為2740億元,年增1180億元,占比由1.9%大幅拉高至3.5%;相對地,股票部位逢高賣出,國內股票部位降至6.9%(去年底為7.2%),國外股票部位由去年底的5.5%,降至今年9月底的5.1%。 截至9月底,累計認列174億元現金股利收入,已超越去年全年,反映伺機回補股票部位,提升經常性收益。 國壽表示,將持續分散投資區域以降低風險,北美、歐洲、亞太及其他市場分別占國外固定收益投資的52%、18%、17%及13%。 林昭廷說,未來會把股債部位,絕大多數都放在財報的FVOCI(其他綜合損益按公允價值衡量),變動影響淨值,不影響損益表。 林昭廷說,明年隨著IFRS17號公報上路,預估國壽淨值會下降,因為債券部位原本放在財報裡的AC(按攤銷後成本衡量),目前都是評價損失,等到明年會重分類,改放到FVOCI(其他綜合損益按公允價值衡量),變動進到淨值裡,因此淨值會有變動。 國壽的外匯價格變動準備金,目前已有840億元,較10月底的603億元,增加逾2百億元。 (資料來源:威傳媒新聞-WinNews) 延伸閱讀: 年省900億外匯避險成本!壽險公會籲調會計評價制度 15年打下3大鋼釘 國泰金每股隱含價值升至87.2元!匯損、投資佈局 法說會揭露速看 國泰金每股隱含價值升至77.7元!每股精算價值94.5元 法說會重點看表易懂

國泰金法說重點掃描!股利考量4要點 國壽CSM明年目標逾750億

2025/11/28 18:03

國泰金今天召開法說會,財務長陳晏如說,國泰金今年以來獲利相當不錯,前10月稅後獲利942億元,EPS自結6.16元,子公司表現優異,明年股利一定會反映今年營運成果,等全年結算後,視整個資本市場狀況,以及營運成長需要,再看市場同業的股息殖利率狀況,兼顧財務穩當性,規劃具有股息競爭力的股利政策,提報董事會。

至於明年接軌IFRS17號會計準則後,牽動壽險業者認列保單收益的CSM(合約服務邊際),國壽執行副總林昭廷說,國壽前9月的CSM(合約服務邊際)681億元,比上半年的465億元,增加216億元,每個月都蠻強勁的,「每年至少700億元,明年目標750億元以上,約10%至15%成長」。

淨值部分,國泰金的淨值由去年底的9065億元,小幅回升至今年9月底的9079億元,主要受惠獲利挹注,惟部分增幅因新台幣大幅升值,致金融資產評價下滑而抵銷;每股淨值由去年底的54.3元,微升至今年9月底的54.5元。

國壽淨值由去年底的7177億元,回升至今年9月底的7381億元,年增204億元,主要受獲利及股債評價回升挹注,惟新台幣升值致金融資產未實現損益下滑,由去年底的虧損651億元,今年9月底擴大至784億元,抵銷部分增幅。

林昭廷說,國壽10月實現不少股票資本利得,截至昨天,國內外股票未實現損益跟9月差不多。

截至9月底,國壽淨值比9.3%。

至於股債操作,國壽的現金及約當現金部位,截至9月底為2740億元,年增1180億元,占比由1.9%大幅拉高至3.5%;相對地,股票部位逢高賣出,國內股票部位降至6.9%(去年底為7.2%),國外股票部位由去年底的5.5%,降至今年9月底的5.1%。

截至9月底,累計認列174億元現金股利收入,已超越去年全年,反映伺機回補股票部位,提升經常性收益。

國壽表示,將持續分散投資區域以降低風險,北美、歐洲、亞太及其他市場分別占國外固定收益投資的52%、18%、17%及13%。

林昭廷說,未來會把股債部位,絕大多數都放在財報的FVOCI(其他綜合損益按公允價值衡量),變動影響淨值,不影響損益表。

林昭廷說,明年隨著IFRS17號公報上路,預估國壽淨值會下降,因為債券部位原本放在財報裡的AC(按攤銷後成本衡量),目前都是評價損失,等到明年會重分類,改放到FVOCI(其他綜合損益按公允價值衡量),變動進到淨值裡,因此淨值會有變動。

國壽的外匯價格變動準備金,目前已有840億元,較10月底的603億元,增加逾2百億元。

(資料來源:威傳媒新聞-WinNews)

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