FIRST INS Business Summary

First Insurance Co., Ltd. (2852.TW) is a prominent Taiwanese non-life insurance provider that generates revenue primarily through the underwriting of diverse property and casualty (P&C) policies and the strategic management of its investment portfolio. The company’s business segments are categorized by risk type, with automobile insurance serving as the largest revenue contributor, followed by fire, marine, engineering, and liability insurance. Its business model relies on a multi-channel distribution strategy involving direct sales, insurance brokers, and specialized agencies to capture both retail and corporate clients. Within the competitive landscape of Taiwan’s insurance sector, First Insurance competes directly with Fubon Insurance, Cathay Century Insurance, and Shin Kong Insurance (2850.TW). As an independent insurer not tied to a major financial holding company, it maintains a market position as a stable, risk-averse specialist known for high solvency ratios and conservative underwriting discipline. The leadership of First Insurance is currently anchored by Chairman Li Cheng-Tao, who provides long-term strategic direction and oversees the firm’s capital allocation strategies. The executive management team is led by General Manager Chen Chao-Hui, a seasoned professional with extensive experience in actuarial science and P&C operations within the Taiwanese market. The board of directors is composed of industry veterans and representatives from the founding Li family interests, ensuring a focus on institutional continuity and prudent risk management. The company’s investor base is characterized by significant domestic institutional holdings and long-term private stakeholders, reflecting its reputation for consistent dividend performance and fiscal reliability in the Taiwan Stock Exchange’s financial sector.