Union Insurance Co., Ltd. AI Stock Analysis
Union Insurance Co., Ltd. (2816) AI Stock Analysis
Union Insurance Co., Ltd.
(TWSE:2816)
Union Insurance earns a moderately above-average score driven by an exceptionally strong balance sheet — virtually no debt, a record NT$8.05 billion equity base, and strong 2025 free cash flow of NT$1.49 billion. A very low 3.5x P/E and a 3.79% dividend yield add compelling valuation support for a low-beta holding. These strengths are tempered by deteriorating operating trends: revenue down 3.6%, net income down roughly 15%, sharp gross margin compression, a shrinking asset base, and a third consecutive year of declining ROE. Technically, the shares retain a solid long-term uptrend above their 100- and 200-day averages but have recently pulled back below shorter-term averages with weak RSI and stochastic readings. The key question for investors is whether the 2025 margin compression proves temporary or structural.
Union Insurance Co., Ltd. (2816) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 9.34B
- Dividend Yield
- 3.67%
- Average Volume (3M)
- 530.65K
- Price to Earnings (P/E)
- 3.6
- Beta (1Y)
- 0.34
- Revenue Growth
- 30.83%
- EPS Growth
- 244.54%
- Country
- TW
- Employees
- 1,109
- Sector
- General
- Sector Strength
- 55
- Industry
- Insurance - Diversified
Union Insurance Co., Ltd. Business Overview & Revenue Model
Company Description
Operating across Taiwan and Thailand, Union Insurance Co., Ltd. delivers a comprehensive portfolio of insurance solutions. Its offerings encompass a wide range of coverage: Fire Insurance: Extensive options for both residential and commercial propert...
Union Insurance Co., Ltd. Financial Statement Overview
Summary
Union Insurance is anchored by a fortress balance sheet (score 78): essentially debt-free with a 0.3% debt-to-equity ratio, record equity of NT$8.05 billion funding roughly 40% of assets, and a 12.9% return on equity. The income statement (score 63) is softer — revenue fell 3.6% to NT$10.45 billion, net income dropped about 15% to NT$1.04 billion, and gross margin compressed sharply to 50.7% from the prior 79%-81% band, pointing to higher claims or acquisition costs. Cash flow (score 62) rebounded strongly with NT$1.54 billion from operations and NT$1.49 billion of free cash flow covering 97% of net income, but has swung between positive and negative in three of the last six years. Overall: a well-capitalized, low-leverage insurer with stalled growth momentum and sensitivity to claims cycles.
Income Statement
63PositiveBalance Sheet
78PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.17B | 10.45B | 11.02B | 10.18B | 8.50B | 8.81B |
| Gross Profit | 8.90B | 5.30B | 8.95B | 8.25B | 6.72B | 7.11B |
| EBITDA | 2.96B | 1.43B | 1.56B | 1.39B | -1.24B | 879.42M |
| Net Income | 2.57B | 1.04B | 1.22B | 1.20B | -1.32B | 696.67M |
Balance Sheet | ||||||
| Total Assets | 27.24B | 20.11B | 23.23B | 19.93B | 18.30B | 19.02B |
| Cash, Cash Equivalents and Short-Term Investments | 3.59B | 6.14B | 6.01B | 5.83B | 5.21B | 5.73B |
| Total Debt | 14.77M | 20.45M | 13.35M | 17.93M | 11.93M | 18.26M |
| Total Liabilities | 17.60B | 12.06B | 15.92B | 13.83B | 13.50B | 12.58B |
| Stockholders Equity | 9.64B | 8.05B | 7.31B | 6.10B | 4.80B | 6.44B |
Cash Flow | ||||||
| Free Cash Flow | 402.40M | 1.49B | -343.55M | 659.93M | -330.36M | 1.46B |
| Operating Cash Flow | 441.85M | 1.54B | -260.13M | 716.19M | -255.37M | 1.66B |
| Investing Cash Flow | -54.91M | -47.70M | -69.57M | -287.94M | -85.23M | -202.07M |
| Financing Cash Flow | -351.01M | -351.27M | -16.64M | -16.36M | -240.34M | -194.48M |
Union Insurance Co., Ltd. Peers Comparison
Overall Rating
TW:285271Outperform- TW:281669Neutral
Financial Indicators
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2816 | Union Insurance Co., Ltd. | 40.85 | 14.24 | 53.49% | |
| TW:2852 | First Insurance Co., Ltd. | 28.65 | 2.79 | 10.79% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026