Taiwan Fire & Marine Insurance Co., Ltd. stock analysis
Taiwan Fire & Marine Insurance Co., Ltd. (2832) Stock Price & Analysis
2832 Stock Chart & Stats
- Day’s Range
- TWD 52.30 - TWD 54.10
- 52-Week Range
- TWD 45.45 - TWD 61.90
- Previous Close
- TWD 54.90
- Volume
- N/A
- Average Volume (3M)
- 127.43K
- Market Cap
- TWD 13.59B
- Enterprise Value
- TWD 14.06B
- Total Cash (Recent Filing)
- TWD 3.65B
- Total Debt (Recent Filing)
- TWD 50.73M
- Price to Earnings (P/E)
- 8.7
- Beta
- 0.29
- Next Earnings
- Mar 15, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jun 15, 2026
- Dividend Yield
- 14.53%
Bulls Say, Bears Say
Bulls Say
Very Low Leverage
Debt-to-equity of roughly 0.4%–0.7% and substantial equity of TWD 9.6B–12.3B indicate a highly conservative capital structure. This provides financial flexibility to support operations and absorb business variability without significant leverage pressure.
Improved Profitability
Net margin increased from about 5.0% in 2021 to 17.9% in 2025, while EBIT margin reached 22.1% from 5.4%. This broad improvement indicates stronger earnings retention and operating profitability, providing a more durable base for capital generation.
Recent Cash Flow Rebound
Operating cash flow recovered strongly in 2024–2025 after a weak 2022, and free cash flow was positive in most years. This recent improvement suggests the business is again converting operations into cash, supporting financial resilience and ongoing investment.
Bears Say
Uneven Revenue Trend
Revenue performance has been inconsistent, with strong growth in 2021 followed by a sharp 2022 decline and another decrease in 2025. Uneven top-line momentum makes future earnings growth less predictable and may limit the durability of recent profitability gains.
Weak 2025 Free Cash Conversion
Although free cash flow increased sharply in 2025, it represented only about 20% of net income. This gap indicates that reported earnings did not translate into comparable residual cash after investment needs, which could constrain internally funded growth.
Declining Total Assets
The decline in total assets from 2024 to 2025 may indicate balance sheet contraction or changes in asset mix. If sustained, a smaller asset base could reduce future earnings capacity and limit the scale of underwriting or investment activity.
2832 FAQ
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Company Description
Taiwan Fire & Marine Insurance Co., Ltd.
Taiwan Fire & Marine Insurance Co., Ltd. delivers a diverse array of insurance solutions and services throughout Taiwan. Their comprehensive portfolio encompasses standard offerings like fire, marine cargo and hull, fishing vessel, aviation, and automobile coverage. Additionally, they provide policies for money, bond and credit, liability, engineering projects, personal accident, health, and various travel-related protections, including comprehensive travel and travel accident insurance. The company also deals in reinsurance products and specialized coverages such as fine art, burglary, and glass insurance. Established in 1946, the firm's operations are centrally managed from its headquarters in Taipei, Taiwan.
- Sector
- General
- Industry
- Insurance - Property & Casualty
- CEO
- Chao-Feng Chen
- Employees
- 921
- Website
- www.tfmi.com.tw
- Address
- No. 49, Guanqian Road, Taipei, TP, 100, TW
Taiwan Fire & Marine Insurance Co., Ltd. (2832) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 2 | 12 |
| Technical Analysis | 6 | 2 | 2 |
| Moving Averages | 2 | 0 | 10 |

