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Investor Meeting

Year 2024 Financial Results

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Disclaimer

This document is provided by Fubon Financial Holdings (the “Company”). No representation, warranty or undertaking, express or implied, is or will be given by the Company as to the adequacy, accuracy, completeness and correctness of information contained herein. In addition, no obligation is undertaken by the Company to update or revise the information contained herein due to any changes in circumstances.

This document may contain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and involve known and unknown risks and uncertainty that could cause actual results, performance or events to differ materially from those expressed. Certain statements, such as those that include the words “potential”, “estimated”, and similar expressions or variations on such expressions may be considered “forward-looking statements”. Financial numbers in this document may include preliminary unaudited numbers or management accounts. All information is for reference only, some figures due to rounding, summation may not equal to the total. Please refer to the audited financial report for details.

This document does not constitute or contain an offer, invitation or a solicitation to buy or sell any securities or related financial instruments.

No representatives or employees of the Company and its affiliated companies shall be liable for any damage which may arise from this document or any other written or oral information provided in connection with this document, or from relying on or any use of the contents of this document.

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From holding company’s perspective

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Fubon’s value proposition for investors

Leading market position across banking, life, securities, and P&C in Taiwan financial sector
Balanced business portfolio with strong market presence
Experienced management team in financial sector

 Dividend payment track record

Considerations on dividend payout including capital position, business and market development
Capital management through earning accumulation and reallocation of capital among subsidiaries

 ESG achievement

Selected to DJSI Sustainability Yearbook and ranked top 7 among global insurers
“AA” MSCI ESG rating in global insurance sector
Promotion of low-carbon economy

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Fubon Financial Holdings: Market position

 Leading market position across major business lines

Fubon Life	Fubon Life
	Market	Market
	ranking	share
Total premium	2	14.9%
First year premium	2	13.1%
First year premium equivalent	2	16.3%
Fubon Insurance
	Market	Market
	ranking	share
Direct written premium	1	23.9%
Commercial line	1	24.7%
Personal line	1	23.4%
Premium through online channel	1	37.0%

Taipei Fubon Bank	Taipei Fubon Bank
	Market ranking	Market
	(Overall / private banks)	share
Deposit balance	6 / 3	5.8%
Loan balance	10 / 4	5.4%
Mortgage	5 / 2	6.4%
Active cards	2	14.8%
Fubon Securities(1)
	Market ranking	Market share
Brokerage	3	7.14%
Margin loans	2	9.78%
Securities lending	2	18.40%

Note: (1) Market ranking of securities sector does not include foreign ones

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Long-term ROE of the FHC

FHC’s average ROE during 2014-2024

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12.79% 12.70%
10.35% 10.59%
9.01% 9.27%
Fubon A B C D E
Note: Comparison of top 6 FHC by market capitalizations
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 Long-term ROE target over 10%

 The average ROE during 2014-2024 outperformed major peers

Net profit and ROE of Fubon FHC

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NT$bn
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Net Profit ROE (%) Covid-related policy impact
16.07% 16.40% 16.88% 17.20%
12.19% 11.83% 13.17% 11.88%
10.94% 10.36%
9.98% 150.8
144.6
9.65%
6.19%
90.3
90.0
70.9
60.2 63.6 58.5 4.8
54.1 43.0
48.4 47.7
66.0
46.9
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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Dividend track record of holding company

 Aim for long-term sustainable dividend policy

 Diversified source of earnings upstream from subsidiaries to holding company

Dividend history	Dividend history	Dividend history	Dividend history	Dividend history	Dividend history	Dividend history
Fiscal Year	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Cash dividend (NT$)	3.0	2.0	2.0	2.3	2.0	2.0	3.0	3.5	1.5	2.5
Stock dividend (NT$)	-	-	-	-	-	-	1.0	0.5	0.5	0.5
Cash payout ratio	50.9%	32.2%	42.3%	44.3%	44.2%	36.6%	35.1%	28.0%	42.4%	52.1%
Total payout ratio							46.8%	32.0%	56.5%	62.5%
Cash dividend yield(1)	4.8%	5.2%	4.3%	4.4%	4.5%	4.6%	4.1%	5.6%	2.5%	3.3%

Note: (1) Dividend yield is based on average stock price of June in the following year

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Capital position

 All subsidiaries maintain adequate capital position

		Capital ratio by subsidiary	Capital ratio by subsidiary
		2022	2023	2024	Regulatory requirements
Fubon Financial	CAR	125.3%	128.9%	141.1%	100.0%
Fubon Life	RBC	315%	336%	388%	200.0%
	Tier 1	13.0%	14.2%	13.4%	10.5%
Taipei Fubon Bank(1)	CAR	15.5%	16.4%	15.4%	12.5%
Fubon Securities	CAR	361%	362%	361%	150.0%
Fubon Insurance	RBC	-37%	278%	335%	200.0%
	Tier 1	16.2%	16.6%	17.7%	9.0%
Fubon Bank (HK)(2)	CAR	16.9%	17.2%	18.4%	11.0%
	Tier 1	12.0%	12.4%	12.0%	8.5%
Fubon Bank (China)	CAR	15.3%	14.5%	14.2%	10.5%

Note: (1) Standalone basis (2) Cost basis for CAR calculation

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Cross-selling synergy

% of customers that have multiple business relations with Fubon 客戶數 (百萬人)Number of customers(mn) 跨售佔比Cross sell ratio

Corporate culture to support cross-sale

44.2% 44.7% 43.3% 39.5% 14.0 14.4 13.5 12.9

Dedicated team on data analytics looking for opportunities
Working on fintech solutions to facilitate cross-sale, customer service and personal data protection requirements

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2021 2022 2023 2024

Customer base of over 14mn: Over half of population in Taiwan

(million people)

8.9 Bank

2.6 6.4 6.5 5.4 14.4 Life P&C Securities Overlapping FHC customers

Note: Data as of Dec 2024

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Fubon Life

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Highlight on Fubon Life

 Preparing for IFRS 17 and TW-ICS adoption

Relative lower COL and track record in earnings is Fubon’s advantage in IFRS 17 and TW-ICS adoption
Capital preservation from decent earning performance over the years, led to well-capitalization
Underwriting value accretion in Fubon Life
Transition toward higher value product including regular-paid and protection policy
Leading position in participating policies
Channels strategy focus on internal ones with leading position in bancassurance
Investment in Fubon Life
Positive spread between COL and investment return
Track record in FX management

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Premium composition of Fubon Life

 Agility in product strategy to accumulate CSM. Total premium started to recover and FYP ranked the 2[nd] among peers

Total premium mix

	206.3 121.4 127.0 389.9 424.9 323.5 596.2 546.3 450.5 FYP NT$bn	206.3 121.4 127.0 389.9 424.9 323.5 596.2 546.3 450.5 FYP NT$bn	106.3 94.5 110.1 239.9 229.2 254.2 346.2 323.7 364.3 RP TP
	2019	2020 2021	2022 2023 2024

FYP mix

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1.6% 0.4% 0.2%
6.2% 9.4%
21.1%
14.1% 27.2% 27.1%
32.2% 49.5%
20.2%
14.9%
21.2%
45.9%
15.3%
18.2%
47.2%
55.4% 42.0%
9.8%
35.3%
24.0%
17.6%
4.1% 7.9% 5.6% 6.7% 9.2% 10.6%
2019 2020 2021 2022 2023 2024
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Interest-sensitive annuity Investment-linked Traditional life: Single-paid Traditional life: Regular-paid Health, accidents and others

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Premium by channel of Fubon Life

 Internal channels, including tied agents, Taipei Fubon Bank and other subsidiaries, are major contributors of FYP

FYP from bancassurance topped the industry

FYP mix by channel

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11.3% 11.2% 9.1% 9.1% 11.1% 10.4%
17.3%
Other
22.3% 23.6% 22.9% 23.2%
35.1%
Bancassurance: through external banks
33.7% 18.5% 21.6%
33.3% 35.1%
24.8% Bancassurance: through Taipei Fubon
Bank
47.5%
44.8%
40.0% Tied agents
33.3% 32.2%
28.8%
2019 2020 2021 2022 2023 2024
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Highlights of participating policies

	•	Aim to share profits and risks with the policyholders to enhance the
Goals		Company's long-term competitiveness
	•	Steady premium inflow from product diversification

Product	•	Dividend distribution in the following year based on the results of
design		participating (par) policies pool

	•	FYP growth along with insurance demand from retirement and inheritance
		planning
Value creation	•	Value in force (VIF) to grow steadily with a higher persistency expectation. VNB and VNB margin may be lower than typical interest-sensitive life policy, as par’s value recognition is subject to the timing of dividend distribution
	•	A balanced source of value contribution with existing products. Accounting
		treatment(Note) under IFRS 17 will stabilize the overall financial impact

	•	The current RBC mechanism does not take into account the risk absorption
Capital		characteristics of participating policies
requirement	•	Under TW-ICS, the capital requirement would be lowered considering the
		risk sharing mechanism

Note: Variable Fee Approach (VFA)

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Value of new business (VNB)

VNB grew 18.7% YoY in 2024 on back of the product mix adjustment and the increase in sales of regular-paid products

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VNB
NT$bn
24.4
23.7
20.0
17.8
16.6
2020 2021 2022 2023 2024
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Growth in value

 Embedded value increased in 2023 was due to profit contribution, recovery of stock position valuation and VNB growth

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Value of in-force (VIF)
NT$bn
395.2
380 383.1
336.7
279.7
EV2019 EV2020 EV2021 EV2022 EV2023
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Embedded value

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NT$bn
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976.5
931.0
798.6
781.4
605.2
EV2019 EV2020 EV2021 EV2022 EV2023
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Prudency in investment assumptions

 Actual investment return outperformed EV assumption except for year 2018

Investment return: Actual results and EV assumption

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EV assumption Actual
5.27
4.97
4.74
4.49 4.48
4.3
4.14 4.1 3.93
4.06 3.91 3.92 3.83 3.73 3.81 3.79
3.62 3.63 3.62 3.47
EV2013/2014 EV2014/2015 EV2015/2016 EV2016/2017 EV2017/2018 EV2018/2019 EV2019/2020 EV2020/2021 EV2021/2022 EV2022/2023
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Unit: %	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Investment return	4.74	4.97	4.3	3.93	3.62	3.83	4.49	5.27	4.48	3.79
Recurring return	3.57	3.7	3.34	3.01	2.74	2.98	3.07	2.91	3.03	2.50
Capital gain	1.17	1.27	0.96	0.92	0.88	0.85	1.42	2.36	1.45	1.29

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Aim to deliver positive spread

 The investment return was higher than the COL at most times in the last 10 years

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COL vs. Investment return
COL Investment return
5.48%
5.27%
4.97%
4.49% 4.48%
4.30%
3.93%
3.84% 3.78% 3.67% 3.83% 3.79%
3.72%
3.62%
3.35%
3.16% 3.10% 3.11% 3.15% 3.14%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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Aim to deliver positive spread

The recurring return was higher than the breakeven point at most times in the last 10 years
Recurring return before and after hedge decreased in 2024 due to high hedging cost and reduced dividend income

Breakeven point vs. Recurring return (post hedge)

Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)	Breakeven point vs. Recurring return (post hedge)
2.97% 3.19% 2.86% 2.81% 2.97% 2.79% 2.59% 2.73% 2.82% 2.86% 3.70% 3.34% 3.01% 2.74% 3.00% 3.07% 2.91% 3.03% 2.50% 2.36% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Breakeven point After-hedged recurring return
Recurring return (before hedge)		3.86%	3.65%	3.56%	3.60%	3.61%	3.38%	3.04%	3.36%	3.53%	3.51%

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Track record in hedge management

 The average of hedging cost and FX gain/loss was -94bps in the last 10 years

Hedging cost & FX gain/loss

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Unit: bps CS+NDF cost FX gain/loss & net provision of FX reserve
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
74
53
34
-28 -21
-52 -48 -51
0
-89
-101 -50
-38 -134 -45
-160
-175
2015-2024
-44
avg hedging cost -40
-22
-94bps
Hedging cost
-28 -90 -133 -156 -141 -93 -71 +2 -85 -141
(bps)
Fully hedged
75.6% 76.9% 81.0% 76.1% 73.7% 72.1% 75.0% 70.2% 73.7% 62.6%
%
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Capital management in Fubon Life

Capital accumulation in preparation for IFRS 17 adoption
Equity-to-asset and RBC ratio remained benign in a volatile market

Fubon Life’s RBC ratio

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388%
338% 336%
315%
299%
Regulatory Requirement= 200%
2020 2021 2022 2023 2024
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Equity-to-asset

Peer equity-to-asset

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12.2%
11.4%
10.6%
9.8%
5.7%
Early Warning Indicator= 3%
2020 2021 2022 2023 2024
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11.6%
9.6%
8.3%
7.9%
7.2%
5.4%
Fubon A B C D E
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Note: Comparison of top 6 life insurance companies as of 3Q24, peer’s data for 4Q24 has yet been released

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Long-term ROE

 Fubon Life’s ROE consistently higher than industry average

ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE	ROE comparison 13.43% 6.73% 9.94% 9.70% 12.20% 17.96% 20.19% 14.48% 13.36% 10.32% 9.81% 14.74% 18.87% 15.06% 9.46% 18.57% Industry ROE Fubon Life ROE

ITEM	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fubon Life ROE	13.43%	6.73%	9.94%	9.70%	12.20%	17.96%	20.19%	14.48%	13.36%	10.32%	9.81%	14.74%	18.87%	15.06%	9.46%	18.57%
IndustryROE	1.46%	-4.83%	-0.20%	6.36%	9.40%	12.79%	11.37%	9.95%	9.96%	7.71%	9.72%	9.26%	13.79%	6.67%	4.55%	-

Note：industry data for FY24 has yet been released

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Appendix 1: Profit recognition of financial assets

 Stock investments would mostly be classified as FVOCI to reduce net income fluctuation upon IFRS 17 adoption in Fubon Life

a
The capital gains of FVOCI stocks will be included in the retained earnings rather than net income. The capital gains will be source of dividends payment
After the removal of the overlay approach for FVTPL positions, the valuation gains and losses will be reflected in P/L upon IFRS 17 adoption

Asset classification and profit recognition of financial assets

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Before 2026 (with o verlay) 2026 onwa rds
Recognition
MTM gain/loss Capital gain/loss MTM gain/loss Capital gain/loss
FVTPL OCI Net income Net income Net income
Stock
Retained Retained
FVOCI OCI OCI
earnings earnings
AC Cost Basis Net income Cost Basis Net income
Bond FVTPL Net income Net income Net income Net income
FVOCI OCI Net income OCI Net income
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Note：NTD-denominated bond ETF that meets certain conditions can be classified as FVOCI, and the disposal benefit can be recognized as P/L

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Appendix 2: Profit recognition of participating policies (IFRS 4)

Participating policies

Dividends declared

Consideration factors are such as economic conditions, market conditions, and
Profits reasonable expectations of policyholders

30% Fubon Life’s profit 70% Dividends allotted to (Note) policyholders

Undistributed profits retained as reserve

Investment return can be accumulated for dividends in future years

Other policies

Profits Recognized in life companies’ monthly profit

Note: Regulation required the proportion of distribution to the policyholder shall not be less than 70% of the distributable dividend surplus. The terms of the policy currently offered is 70%

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Appendix 2: Profit recognition of participating policies

(IFRS 17)

Participating policies

Profit to CSM攤銷 CSM release VFA measurement model Insurance shareholders Regardless of market environment changes, CSM can service recognized as absorb volatility of investment returns and reduce profit 30% results CSM and loss fluctuations 70% Profit to policyholders recognized Profits as insurance contract liabilities

The undistributed profits will be retained and accumulate over the policy period

Other policies

Mainly through CSM release

Mortality Insurance & The present value of unearned profit of the policy is first recognized as CSM (liability) service

Loading and then released to P/L during the policy period. The difference between the actual results margin and expected result during the financial reporting period is also reflected in P/L Insurance Interest Investment income - Insurance financial income or expense finance margin Investment income is recognized in accordance with IFRS 9 results

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Appendix 3: Transition measures for IFRS17 and TW-ICS

 FSC announced a 15-year transition period in July 2023:

Asset type Risk Coefficients Domestic listed and OTC Gradually transit from 21.65% and 30% under RBC to 35% under TW-ICS stocks Domestic real estate Gradually transit from 7.81% under RBC to 15% under TW-ICS Policy-led public 1.28% from 2026 to 2030 and gradually transit to a localized risk coefficient[(Note)] infrastructure within next 10 ears y

 FSC announced three additional transition measures in November 2023:

Measures

Traditional policies with cost of liability Additional liquidity premium of 50bps when determining discounting over 6% factors under IFRS17 and TW-ICS Liabilities with cost over 6% and assets The adverse impacts on capital under TW-ICS resulting from prevailing backing the portfolio market yields be phased in over 15-year transition period Interest rate risks under TW-ICS 50% of total interest rate risks be counted in the first year and increases linearly to 100% in the 15th year

Note: The risk coefficient is still under discussion

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Appendix 3: Transition measures for IFRS17 and TW-ICS

 FSC announced phase 3 of localization/transition measures as well as differentiated management measures in April 2024:

Measures	Measures
Callable bonds are included in eligible assets	For callable bonds held on 31 December 2023, the interest portion recognized before the most recent callable date can be included in eligible assets.
15-year transition period for new type of risks	New risks not included in RBC, such as longevity, lapse, expense and catastrophe risk, will increase linearlyfrom 0% to 100% over 15years.
Incentives for capital increase	After reaching a certain level of risk capital, life companies can choose: 1. Increase the investment limit for foreign subordinated financial/corporate bonds, with credit ratings of BBB/BBB-, or foreign private equity/hedge funds. 2. Reduce the risk coefficient(x0.9)of foreign private equity/hedge funds for 5years
NB CSM incentive measures	The FSC will review the NB CSM estimates submitted by each company annually during the 15-year transition period NB CSM achievement Incentive measures 100%  Policy-led public infrastructure maintain the risk coefficient of the previous year 105%  Policy-led public infrastructure maintain the risk coefficient of the previous year  Domestic stocks maintain the risk coefficient of the previous year

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Appendix 3: Transition measures for IFRS17 and TW-ICS

FSC announced the following adjustments and phase 4 localization and transitional measures in December 2024.

Refer to the latest version of ICS

Exclude twist up/down scenarios from interest rate risk.
.
Maximum change of the Long-term forward rate (LTFR) under interest rate risk stress tests is limited to 15bps
Enlarge the utilizable tax effect on ICS capital requirement.

The limits on T1L and T2 capital are based on the risk capital accrued prior to the adoption of transitional measures , which expand funding capacity.

Transitional Measures

To insurers that apply transitional measures and be approved, the capital charge for Non-Default Spread Risk (NDSR) will increase linearly from 0% to 100% over 15 years.

Localization

Lowering risk coefficients on mortality/ longevity/ morbidity[1] / lapse to 10%/ 10%/ 7.5%/ 35% from 12.5%/ 17.5%/ 20%/ 40%.

There is room for localization of interest rate risk stress level of the life insurance industry. It will be further assessed to determine after industry-wide evaluations.

Note 1：Long-term and lump sum payment contract (Category 2)

Note 2：FSC will consider the availability of further adjustments on VaR confidence levels and the definition of legacy policies after the impact of localization is evaluated.

Ref： https://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=202412310002&toolsflag=Y&dtable=News

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Taipei Fubon Bank

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Highlight on Taipei Fubon Bank

 NIM management

Structure adjustment in asset and liabilities
Growth in FX LDR and funding utilization

 Wealth management business

Opportunities amid the abundant liquidity in retail market
Multiple channels to develop cross-sell synergy under Fubon’s ecosystem

 Credit card business

Growth in credit card business, driving customer base expansion and increase on personal loans and wealth management business

 Capitalization and asset quality

Capital level exceeds the minimum requirements ahead for D-SIBs requirement
Benign asset quality

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NIM management

 NIM improvement on back of the adjustment in asset and liability

 Loan-to-deposit spread narrowed, reflecting the increase of deposit rate and time deposit balance

NIM and loan-to-deposit spread NIM Loan-to-deposit spread

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1.39%
1.32%
2.00% 1.27% 1.27% 1.24% 1.13%
1.50%
1.10% 1.08% 1.04% 1.05% 1.14% 1.15%
1.00%
0.50%
0.00%
2019 2020 2021 2022 2023 2024
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Loan yield and deposit yield
Deposit rate Loan rate
3.06%
2.92%
2.22%
1.98%
1.93%
1.80%
1.68%
1.55%
0.83%
0.71%
0.49%
0.28%
2019 2020 2021 2022 2023 2024
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Note: (1) Loan rate calculation inclusive of credit card revolving

Note: (2) Taipei Fubon Bank and JihSun Bank consolidation was completed in April 2023. Information has included Taipei Fubon Bank and JihSun Bank in 2022 and 2023. The same applies to the following pages

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Asset structure improvement

 Aim to increase in higher spread loans with risk control, contributing to the improvement in asset structure

FX loan

SME credit

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NT$bn500.0 20.0% NT$bn SME loans SME loans as % of corporate credit
450.0 15.0%
38.2%
400.0 358.4 10.0% 500.0450.0 30.0% 34.9% 35.4% 36.5%
27.2%
350.0 5.0%
390.7
300.1 400.0
300.0 0.0% 343.3
264.1 350.0 307.1
250.0 241.7 246.3 245.2 -5.0% 300.0 255.6
250.0
200.0 -10.0% 206.3
200.0
171.0
150.0 -15.0%
150.0
100.0 -20.0% 100.0
2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
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Opportunity from Costco affinity card and merger with JihSun Bank

 Growth in AUM on back of customer base expansion

Number of customers[(1)]

Retail customers’ AUM[(2)]

mn

NT$tn

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9.12
8.81
6.92
6.62
6.39
6.06
2019 2020 2021 2022 2023 2024
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3.35
3.17
2.58
2.38
2.24
2.08
2019 2020 2021 2022 2023 2024
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Note: (1) Inclusive of corporate and retail customers Note: (2) Inclusive of customers’ deposits, investment and insurance

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Wealth management opportunities

 Wealth management opportunities from growth of AUM and asset allocation

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Wealth management fee’s breakdown Portfolio of customers’ AUM
NT$mn Insurance commission
Mutual funds
Structured, equity, and bonds product
16,437
Custodian and trust
22%
Deposits
12,127
7,561
10,458 10,218 Investment
9,688 9,327 59%
20%
6,215 Insurance
4,131
5,455 3,994
4,128
5,648
2,273
2,972
1,771 3,698 2,573
2,915 3,417 2,048 2,328 2,419
1,479
317 398 517 578 612 809
2019 2020 2021 2022 2023 2024 Note: Data as of end-2024
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Growth of credit card business

 The growth of active cards and card spending led to market share gain

Active cards

Card spending

NT$bn

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K cards Active cards Market share NT$bn Card spending Market share
13.0%
11.6%
14.5% 14.7%
9.9% 10.0%
9.3%
8.3% 607
5,755
9.2% 5,492 486
8.4%
7.8%
6.6% 353
3,354 309
2,837 269 281
2,571
2,102
2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
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Profitability from overseas branches

 Revenue and profit growth in overseas branches on back of supply chain migration in Asia, syndication loans and wealth management business

Net revenue from overseas branches

Net profit from overseas branches

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NT$bn
9.87
8.79
5.61
5.29
4.16
3.73
2019 2020 2021 2022 2023 2024
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NT$bn Overseas branches as % of the Bank's net profit
24.5%
21.7%
15.4%
13.6%
6.60
10.1%
8.8% 6.00
3.12 3.28
1.89
1.64
2019 2020 2021 2022 2023 2024
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Capitalization in Taipei Fubon Bank

 Capital capacity is supportive for asset growth. Capital level exceeds the minimum requirements for D-SIBs standard by 2025

Capital adequacy ratio and D-SIBs capital requirements

Capital adequacy ratios	2024 (standalone)	2023 (standalone)	D-SIBs capital requirements (standalone)	D-SIBs capital requirements (standalone)	D-SIBs capital requirements (standalone)	D-SIBs capital requirements (standalone)	D-SIBs capital requirements (standalone)	D-SIBs capital requirements (standalone)
			2020	2021	2022	2023	2024	2025
CET1	12.0%	12.7%	7.5%	8.0%	9.0%	10.0%	10.5%	11.0%
Market average	--	12.0%	--	--	--	--	--	--
Tier 1	13.4%	14.2%	9.0%	9.5%	10.5%	11.5%	12.0%	12.5%
Market average	--	13.3%	--	--	--	--	--	--
CAR	15.4%	16.4%	11.0%	11.5%	12.5%	13.5%	14.0%	14.5%
Market average	--	15.4%	--	--	--	--	--	--

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Fubon Securities & Fubon Insurance

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Highlight on Fubon Securities & Fubon Insurance

 Fubon Securities: The merger with Jih Sun Securities led to the growth of scale and ROE enhancement

Market share of major businesses and profit ranked among top 3
Focus on brokerage service through segmentation management and platform optimization
Grow wealth management to deepen customer relationships and to enhance economies of scale

 Fubon Insurance: Steadily growth on back of improvement in business structure

Balance risk control with business growth
Outperformance in combined ratio track record
The first P&C company in Taiwan committing to net-zero underwriting and assisting corporate customers in decarbonization

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ROE of Fubon Securities and Taiwan stock market

ROE improvement along with the increase of daily trading turnover, TAIEX movement, and merger with Jih Sun Securities

ROE of Fubon Securities and Taiwan stock market

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ROE of Fubon Securities
19.44%
average daily turnover of listed and OTC market (NT$bn) 17.18%
TAIEX YoY 11.75% 11.65%
8.49% 7.96%
5.94%
4.51% 4.39% 4.29% 4.69%
5,104
5.71%
3,793
3,486
2,735
2,270
1,389
912 915 525
696
478
359
-969 -915 305
253
166 156
138
97 120 117 99 -4,081
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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Underwriting performance of Fubon Insurance

 Market share of total written premium topped in Taiwan for 43 consecutive years

 Net combined ratio outperformed

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Net combined ratio
自留損失率Net claim ratio 自留費用率Net expense ratio
237.1%
32.0% 106.7%
95.3%
93.3% 91.8% 92.8% 92.9% 92.4% 92.0%
87.0%
31.8%
37.5% 36.9% 36.6% 36.0% 35.3% 35.3% 34.7%
32.8%
205.1%
74.9%
55.8% 58.4% 55.2% 56.8% 57.6% 57.1% 57.3% 54.2%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Market
22.5% 22.8% 23.2% 23.5% 23.8% 24.1% 24.6% 24.4% 23.8% 23.9%
Share
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Note: (1) Net combined ratio (covid-related policies excluded) in 2022 and 2023 are 92.1% and 89.4%

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Contact IR

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2024 Annual Results Presentation

2025.03.17

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Disclaimer

This document does not constitute or contain an offer, invitation or a solicitation to buy or sell any securities or related financial instruments.

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Agenda

1. Performance Highlights of Fubon Financial Holdings

2. Performance Review by Subsidiary

Fubon Life
Taipei Fubon Bank
Fubon Securities
Fubon Insurance
Overseas Banking Operations

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Performance Highlights of Fubon Financial Holdings

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Fubon Financial Holdings: Business Highlights

Fubon FHC
EPS tops Taiwan’s FHCs for 16 consecutive years. Net profit reached NT$150.8bn, top among peers in Taiwan
• Total assets over NT$12tn, up 8.7% YoY, top 2 among peers. Net worth at NT$951.1bn, up 18.5% YoY
Net profit of Fubon Life, Taipei Fubon Bank, Fubon Securities and Fubon Asset Management hit record highs
Net profit of NT$102.66bn, top among peers in Taiwan and hit a record high

Fubon Life

Top 2 in terms of FYP, TP and FYPE in Taiwan
Investment return at 5.48%, hitting a record high
Equity to asset ratio at about 11.4% and RBC ratio at 388%
Net profit reached NT$30.41bn, a record high, up 24.2% YoY

Taipei Fubon Bank

Net interest income increased 8.4% YoY, supported by strong deposit and loan growth
Net fee income rose 37.1% YoY, supported by strong wealth management and credit card business momentum
• Card spending amount exceeded NT$600bn and up 25.1% YoY with market share rising to 13.0%

Fubon Securities

Net profit of NT$10.02bn, up 42.0% YoY, a record high
Meaningful increase in major businesses as both trading volume in Taiwan stock market and TAIEX rose
• Net profit and market share of major businesses ranked among top 3

Fubon

Insurance

Net profit of NT$3.02bn, steadily growing on back of business selection strategy and risk management
• Direct written premiums rose 11.2% YoY. Market leader with market share of 23.9%
• Well-performed in investment with return of 5.18%

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Fubon Financial Holdings: Profitability

◼ Net profit of NT$150.8bn and EPS of NT$10.77 are top among FHC peers

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Net profit
NT$bn
150.8
128.5%
66.0
40.7%
46.9
2022 2023 2024
Earnings per share (EPS)
NT$
10.77
135.5%
4.57
3.21
42.4%
2022 2023 2024
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Note: (1) EPS of 2021 and 2022 are adjusted to reflect stock dividends in 2022 and 2023
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Fubon Financial Holdings: Net Profit from Major Subsidiaries

◼ Net profit from all major subsidiaries grew YoY

Net profit of Fubon Life, Taipei Fubon Bank and Fubon Securities hit record highs

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Net profit from subsidiaries
NT$bn 2023 2024
150.8
184.4%
102.7
24.2%
42.0%
66.0
36.1
30.4
24.5
10.0
7.1
3.0 3.3 3.9 0.1 1.8
-2.2
Fubon Fubon Taipei Fubon Fubon Fubon Fubon Fubon
FHC Life Bank Securities Insurance Bank (HK) Bank (China)
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Fubon Financial Holdings: Assets and Net Worth

◼ Fubon FHC’s total assets were over NT$12tn, up 8.7% YoY. Net worth increased 18.5% YoY. BVPS was NT$62.58 on common share basis

10,588 11,106 12,067 2022 2023 2024 8.7% Total assets NT$bn 4.9%	10,588 11,106 12,067 2022 2023 2024 8.7% Total assets NT$bn 4.9%	10,588 11,106 12,067 2022 2023 2024 8.7% Total assets NT$bn 4.9%	Equity attributable to parent company
			566 802 951 37.90 51.70 62.58 2022 2023 2024 Net worth BVPS (common share basis)
10,588 11,106 12,067 2022 2023 2024 8.7% NT$bn 4.9%
			FHC and subsidiaries 2024 Regulatoryrequirements 141.05% 100% 388.01% 200% 334.62% 200% 13.37% 10.50% 15.43% 12.50% 17.71% 9.00% 18.37% 11.00% 11.95% 8.50% 14.16% 10.50% 360.81% 150%


Fubon Financial CAR
Fubon Life RBC
Fubon Insurance RBC
Taipei Fubon Bank Tier-one
Total CAR
Taipei Fubon Bank (HK) Tier-one
Total CAR
Fubon Bank (China) Tier-one
Total CAR
Fubon Securities CAR

Note: (1) TFB’s total CAR includes the buffer capital requirements for systemically important banks

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Fubon Financial Holdings: ROA & ROE

◼ ROA and ROE increased YoY

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ROAA
1.30%
0.60%
0.45%
2022 2023 2024
ROAE
17.20%
9.65%
6.19%
2022 2023 2024
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Fubon Financial Holdings: Market Position

◼ Leading market position across major business lines

Fubon Life	Fubon Life
	Market	Market
	ranking	share
Total premium	2	14.9%
First year premium	2	13.1%
First year premium equivalent	2	16.3%
Fubon Insurance
	Market	Market
	ranking	share
Direct written premium	1	23.9%
Commercial line	1	24.7%
Personal line	1	23.4%
Premium through online channel	1	37.0%

Taipei Fubon Bank	Taipei Fubon Bank
	Market ranking	Market
	(Overall / private banks)	share
Deposit balance	6 / 3	5.8%
Loan balance	10 / 4	5.4%
Mortgage	5 / 2	6.4%
Active cards	2	14.8%
Fubon Securities(1)
	Market ranking	Market share
Brokerage	3	7.14%
Margin loans	2	9.78%
Securities lending	2	18.40%

Note: (1) Market ranking of securities sector does not include foreign ones

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Fubon Financial Holdings: Business Outlook

Fubon Life

Taipei Fubon Bank

Product mix transition toward long tenure, protection, regular paid policies
Strengthen internal channels and deepen the relationship with external channels to solidify market position
Aim to maintain positive spread between investment return and cost of liability
The optimization of domestic branches help to enhance channel value
Accelerate the expansion of overseas branches
Deepen customer relations and expand WM business in Taiwan and overseas
The new mobile app, Fubon+, offers comprehensive service from Fubon’s umbrella to improve overall customer satisfaction

Fubon Insurance

Improve risk management on products and operation to enhance business quality
Accelerate cross-industry cooperation, focus on digitalization for better customer experience, service efficiency and create an ecosystem

Fubon Securities

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Expand market position of brokerage business through customer acquisition
Enhance wealth management services through customer targeting and cross selling
Upcoming new digital trading platform to integrate trading service and enhance customer satisfaction

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Fubon Financial Holdings: Opportunities and Challenges for The Upcoming Year

Divergence in economic outlook and monetary policy across countries

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From Taiwan to Asia

Challenges & Uncertainties Market Prospects & Opportunities

US policies

Carefully monitor risks including geopolitics and inflation
Deepen customer management, focus on wealth management and cross-selling business

and decarbonization

Digitalization to improve customer experience externally and to optimize service efficiency internally

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Fubon Financial Holdings: ESG Strategies and Actions in Four Dimensions

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• Decarbonization

• Digitalization

✓ The amount of green finance in 2024 reached NT$2.5tn
✓ Taipei Fubon Bank launched new mobile app, Fubon+, to consolidate asset and liability analysis across bank, life, and securities
✓ Taipei Fubon Bank is the 1[st] in Taiwan’s financial industry to assist corporate clients in green energy purchase
✓ Taipei Fubon Bank’s AI anti-fraud model, Eagle Eye, and its alliance received 22 awards and multiple patents
✓ Fubon Life has been recognized by MoEA for 7 consecutive years with the “Buying Power” Award
✓ Goals in digitalization (growth or application rate) mostly achieved in 2024[(1)]
✓ No. of sustainability loss prevention service cases reached 661 in Fubon Insurance in 2024

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• Empowerment

✓ Upgrade of employee stock ownership trust program and childbirth & child raising incentive measures
✓ Constituent of the Taiwan High Compensation 100 Index
✓ Fubon Sustainability Club launched in-house joint learning

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• Connection

✓ Fubon Museum, founded in May 2024, has over 200k visitors throughout the year
✓ Participants of education promotion reached over 4mn in 2024 by various online audio/visual modes to reach out widely: organizing Very Fun Park, Young Voice Website, momo mini Family Theater, etc
✓ Top among corporates with 11 awards of Sports Activists by Ministry of Education

Note: (1) For more details, please refer to page 47-48

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Fubon Financial Holdings: ESG Awards and Recognition

Global Top 500 in TIME Magazine’s World’s Most Sustainable Companies. Top 10 and top 2 among global & Taiwan’s financial companies

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Constituent of the DJSI World Index and DJSI Emerging Markets Index for 8 & 9 consecutive years Selected to DJSI Sustainability Yearbook and ranked top 7 among global insurers

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Fubon Financial
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Top 25% in “Sustainable Finance Evaluation” from FSC across Taipei Fubon Bank, Fubon Securities, Fubon Life and Fubon Insurance

Constituent of the MSCI ESG Leaders Indexes for 8 consecutive years ”AA” MSCI ESG rating in the Life & Health Insurance category

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Leadership level in Climate Change Rating for 5 consecutive years with score A in 2024

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Top 2 in financial industry category under CommonWealth Magazine’s Sustainable Citizen award for 17 consecutive times

Leadership level in Supplier Engagement Ratings for 4 consecutive years

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“Excellence Award” for 3 consecutive years under Global Views’ ESG Award

Global Top 500 Most Valuable Brands and top among Taiwan’s financial holding companies

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Performance Review by Subsidiary

Fubon Life

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Fubon Life: Total Premiums

◼ FYP grew 16.5% YoY due to the growth of participating products

◼ RP and TP increased 10.9% and 12.5% YoY, both higher than the industry average

FYP, renewal premium, and total premium ranked the top 2 among peers. FYP exclusive of investment-linked policies ranked the top

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Total premium composition
NT$bn
364.3
346.2
+12.5%
-6.5% 323.7
239.9 -4.4% +10.9% 254.2
229.2 Renewal premium
FYP
106.3 -11.1% 94.5 +16.5% 110.1
2022 2023 2024
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Fubon Life: First Year Premiums (FYP)

Product mix transitioned toward high CSM products such as regular-paid and protection products. Sales weight in regularpaid products grew from 51.9% to 58.2%
Non-NTD policies grew from 32.5% to 41.2% of FYP, mainly from sales of USD participating policies

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FYP composition
110.1
NT$bn
106.3
-11.1% 94.5 +16.5%
6.7% 10.6%
9.2%
24.0%
Health, accidents and others
47.2%
42.0% Traditional life: Regular paid
18.2%
Traditional life: Single paid
14.9%
21.2% Investment-linked
49.5%
Interest-sensitive annuity
27.1%
27.2%
1.6% 0.4% 0.2%
2022 2023 2024
NTD 66.8% 67.5% 58.8%
Non-NTD 33.2% 32.5% 41.2%
Regular-Paid 31.4% 51.9% 58.2%
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Fubon Life: FYPE & VNB

FYPE grew 25.8% YoY, higher than the industry average, mainly from regular-paid and protection products. FYPE/FYP ratio increased from 42.3% to 45.7%
VNB grew 18.7% YoY on back of the product mix adjustment and the increase in sales of regular-paid products

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FYPE VNB
NT$bn NT$bn
50.3
+25.8%
+18.7% 23.7
39.9
Traditional life:
20.0
Regular-paid
66.8% Traditional life: Single-
paid
65.4%
Investment-linked
3.3% Interest-sensitive
5.0% 6.6%
7.7% 0.0% annuity
0.1% Health, accidents and
23.3%
21.8% others
2023 2024 2023 2024
FYPE/FYP 42.3% 45.7% VNB/FYP 21.2% 21.5%
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Fubon Life: Channels

Balanced growth in bancassurance and tied agents channels, both contributed to over 40% of FYP. FYP from bancassurance topped the industry
Strengthened sales of regular-paid products, lifting FYPE from tied agents by 20.1% and bancassurance by 34.8%

	NT$bn FYP by channel	NT$bn FYP by channel	NT$bn FYPE by channel
	44.9 49.3 17.5 23.8 21.6 25.6 10.5 11.4 2023 2024 Others Bancassurance: through external banks Bancassurance: through Taipei Fubon Bank Tied agents 94.5 110.1 11.1% 22.9% 18.5% 47.5% 10.4% 23.2% 21.6% 44.8%
			19.1 22.9 8.3 9.6 6.7 10.7 5.8 7.1 2023 2024 Others Bancassurance: through external banks Bancassurance: through Taipei Fubon Bank Tied agents 39.9 50.3 14.5% 16.9% 20.8% 47.8% 14.1% 21.2% 19.1% 45.6%

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Fubon Life: Investment Portfolio

◼ The increase in returns on domestic and overseas equities reflects the realization of capital gains from equities and private equity funds

Maintain sufficient cash levels and dynamically adjust the allocation according to market conditions to enhance income

NT$bn Deposit and cash equivalent Domestic fixed income(1) Overseas fixed income(2) Domestic equity Overseas equity Mortgage loans Policy loans Real estate Total investment Domestic Overseas	2023/12/31 Amount % Return 194.8 4.0% 1.30% 617.7 12.8% 2.36% 2,732.7 56.7% 3.91% 440.4 9.1% 12.45% 312.5 6.5% 7.84% 99.4 2.1% 2.09% 77.8 1.6% 4.53% 342.8 7.1% 1.65% 4,818.1 100.0% 3.79% 1,658.5 34.4% 5.02% 3,159.6 65.6% 3.12%	2024/12/31
		Amount % Return
		245.2 4.7% 1.63% 665.3 12.9% 3.05% 2,880.5 55.7% 4.12% 462.8 8.9% 24.76% 397.5 7.7% 23.17% 95.4 1.8% 2.34% 83.2 1.6% 4.56% 346.1 6.7% 0.52%
		5,176.0 100.0% 5.48%
		1,730.4 33.4% 7.84% 3,445.6 66.6% 4.25%

Note: (1) Inclusive of NTD-denominated bond ETFs

(2) Inclusive of OTC-listed international bonds, which accounted for 14.2% of total investment assets as of 2024/12/31

(3) The return rate of each asset is before hedge, the total investment return rate and the domestic and foreign investment return rate are after hedge

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Fubon Life: Overseas Fixed Income Portfolio

◼ Continue to focus on investment grade corporate credit and financial bonds

◼ North America is the main investment region

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Overseas fixed income by asset type Overseas fixed income by region
2.0% 1.6% 1.5%
26.5% 26.5% 26.8%
53.1% 53.1% 52.6%
Others
Asia & Others
Corporate credit
54.8% 54.6% 54.2%
North America
Financial bond
Europe
33.8% 34.2% 34.7%
Government
bond
18.7% 18.9% 19.0%
11.1% 11.1% 11.2%
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
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Fubon Life: Composition of Investment Income

◼ Both before and after hedge & FX investment return increased YoY on back of the growth in realized gains from equity

◼ Recurring investment income increased 0.9% YoY, reflecting an increase in interest income and fund income distribution while decline in cash dividends from equities

NT$ bn	2022	2023	2024	*YoY* *growth*
Recurring investment income	152.3	162.2	163.6	0.9%
Interest income	109.8	113.7	119.0	4.6%
Cash dividend income from equity investment	22.6	22.9	12.8	-44.1%
Rental and others	19.8	25.6	31.8	24.5%
Realized gains from fixed income investment	-2.8	-2.0	-0.2	N.M.
Realized gains from equity investment	60.2	45.6	150.6	230.2%
FX and others	-7.2	-35.2	-56.5	N.M.
Investment income	202.4	170.6	257.5	51.0%
Total investment assets	4,590.2	4,818.1	5,176.0	7.4%
Investment return (before hedge & FX)	4.47%	4.35%	6.40%
Investment return (after hedge & FX)	4.48%	3.79%	5.48%

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Fubon Life: Composition of Hedging Portfolio

Hedge ratio reduced in response to market changes, and the recurring hedging cost decreased in 4Q24
◼ USD appreciated as US economy recovered and Republicans have full control, resulted in FX gain in 4Q24 ◼ The recurring yield after hedging decreased YoY as recurring hedging costs increased

Hedging cost & FX gain/loss

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CS+NDF cost FX gain/loss & net provision of FX reserve
-102bps -129bps -237bps -96bps -85bps -141bps
1Q24 2Q24 3Q24 4Q24 2023 2024
96 38 56 74 34
-198 -167 -185 -152 -160 -175
-52
Recurring return
3.53% 3.51%
2.50%
2.36% Before hedge
After hedge
2023 2024
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FX position

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Equity and Fund
Naked
16.0%
USD,
25.1%
Bond and
cash
Currency swap,
84.0% Other
NDF,
currencies,
FX policy, 74.6%
0.3%
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Fubon Life: Cost of Liability & Breakeven Point

◼ The positive spread between COL and investment return expanded as investment return increased

Negative spread between recurring return after hedge and breakeven point was mainly due to rising recurring hedging costs

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Cost of liability
5.48%
4.48%
3.79%
3.11% 3.15% 3.14%
Cost of liabilities
Investment return
Dec-22 Dec-23 Dec-24
Breakeven point
3.03%
2.82% 2.86%
2.73%
2.50%
2.36%
Breakeven point
After hedge recurring return
Dec-22 Dec-23 Dec-24
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Note: (1) Breakeven point = (Profit before tax – investment income) / average investment assets

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Fubon Life: Investment Performance

◼ Realization of capital gains led to the decline in unrealized balance

◼ Equity-to-asset ratio was 11.4% and RBC ratio reached 388%

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Unrealized balance in FVOCI & FVTPL overlay and movement
NT$bn
Realized Dividend
-42.9 gains [(1)] income &
60.9 MTM
5.9
23.9 -34.2
4.8
15.1
Realized Dividend
gains [(1)] income &
Jun-24 MTM Sep-24 Dec-24
Note: (1) Realized equity gain/ loss under FVOCI is included
Shareholders’ equity Equity-to-asset
NT$bn
613.8
11.4%
9.8%
492.0
5.7%
270.9
Dec-22 Dec-23 Dec-24 Dec-22 Dec-23 Dec-24
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IFRS 17: The Essence of Life Business Remains

Transparent profit sources from the insurance service result and the insurance financial result under IFRS 17
Liabilities reflect current rates and assumptions. CSM represents unearned profits that will be released into revenue as policy services are provided
Cancellation of overlay approach in financial assets accounting. Redesignation of financial assets upon IFRS 17 adoption
◼ RCG of FVOCI stocks booked in retained earnings ( red box below) also part of the source for dividend payout

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Balance Sheet Statement of Comprehensive Income
Current Practice After 2026 Current Practice After 2026
base on current estimates • Premium income • CSM release
Insurance
• Net investment • Difference between
Operating service
income (including actual / estimated
revenue result
RCG of FVTPL- claims, expenses
overlay)
Insurance • Investment income
IFRS 4 IFRS 17 finance • Insurance finance
(locked-in (current Operating result expenses
IFRS 9 basis) estimates) costs and • Claim and outgo
IFRS 9 expenses Others • Note (2)
(overlay)
Net income Net income
Equity • MTM of FVOCI • MTM of FVOCI
financial assets
financial assets
Equity RCG of OCI • MTM of FVTPL- OCI • Changes in
FVOCI insurance
ala e Sheet Stocks State e t o o rehe si e o eoverlay (including liabilities due to
FX changes)
discount rates
cancellation of overlay, financial assets redesignation cancellation of overlay and fair value gains/losses are reflected in investment income
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Note: (1) the locked-in basis and current estimates include interest rates and other assumptions; (2) including revenue and expenses not related to IFRS 17

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Preparation of IFRS 17 and TW-ICS Adoption

Adjust product mix and increase the sales of regular-paid products
Launch participating policies ahead of peers since 2023, reduce the capital requirements under TW-ICS and accumulate CSM
Well-capitalization from decent investment result and earnings performance over the years

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Product strategies

Product mix transitioned toward high margin products such as regular-paid and protection products
Launch participating policies ahead of peers to meet the needs of customers and steadily contribute to the company’s premium income and future profit streams
Incorporate CSM into management metrics

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Well-capitalization

Investment performance and profit ahead of peers for years, which is positive to capital accumulation
Subordinated bonds issuance of NT$25bn, NT$56bn, and NT$19bn(to be issued), from 2023 to 2025, to enhance capital position
TW-ICS ratio aim to maintain above 150%

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Performance Review by Subsidiary

Taipei Fubon Bank

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Taipei Fubon Bank: Revenue

◼ Total revenue was up 17.0% YoY. NII increased 8.4% YoY mainly due to the growth in asset scale

◼ Fee income grew 37.1% YoY, reflecting the increase of wealth management and credit card income

Revenue composition of Taipei Fubon Bank

NT$bn

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80.0
76.0
2.2
17.0%
70.0
Others
64.9
14.3
0.5
16.8%
60.0 55.6
13.4
4.6 Trading & derivatives &
50.0
19.9 FX
6.9
14.5
40.0 10.4
Net fee income
30.0
20.0 39.6 Net interest income
36.6
33.7
10.0
0.0
2022 2023 2024
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Taipei Fubon Bank: Credit Composition

◼ Retail loan growth of 14.1% YoY stronger than corporate loan growth of 8.7% YoY. Total credit balance was up 12.4% YoY

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Credit Composition
2,500.0
NT$bn
2,313.2
12.4% 48.3
2,058.5
Government loan
2,000.0 1,907.0 7.9% 29.2
40.2
1,022.7
1,500.0 940.7 Corporate credit
867.4
1,000.0 Retail credit
1,242.2
500.0 999.4 1,088.6
0.0
Dec-22 Dec-23 Dec-24
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Note: (1) Corporate credit includes corporate loans, forfaiting, and factoring. Retail credit includes mortgage, other personal loans, and student loans

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Taipei Fubon Bank: Corporate Loan

FX loans grew 19.4% YoY, higher than NTD loan growth. SME segment is the major growth contributor in corporate NTD loans
SME credit increased 13.8% YoY, accounting for 38.2% of total corporate loans

Corporate credit by currency

NT$bn NTD loan Non-NTD loan

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----- Start of picture text -----

664.3
640.6 3.7%
603.3 6.2%
19.4%
13.6% 358.4
300.1
264.1
Dec-22 Dec-23 Dec-24
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SME credit
NT$bn SME credit SME as % of corporate credit
450.0 40.0%
390.7
400.0 13.8%
343.3 39.0%
350.0 307.1 11.8% 38.0%
300.0
38.2%
37.0%
250.0
200.0
36.5% 36.0%
150.0
100.0 35.4% 35.0%
34.0%
50.0
- 33.0%
Dec-22 Dec-23 Dec-24
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Note: (1) Definition of SME (Small and Medium-sized Enterprise) is based on Ministry of Economic Affairs’ criteria, which are a company with capital less than NT$100mn or less than 200 employees.

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Taipei Fubon Bank: Retail Credit

◼ Mortgage loan grew 13.3% YoY and home equity loan balances enjoyed higher growth

◼ Unsecured consumer loans increased 33.7% YoY

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Mortgage
NT$bn
1,122.3
13.3%
990.7
909.4 8.9%
Dec-22 Dec-23 Dec-24
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Other personal loans
NT$bn Unsecured consumer Student loan Credit card revolving
140.0
119.8
120.0 22.4%
10.8
97.9
100.0 90.1 8.7%
27.9
9.1
6.8
80.0
28.1
29.5
60.0
40.0
81.1
60.7
53.8
20.0
0.0
Dec-22 Dec-23 Dec-24
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Taipei Fubon Bank: Deposit Mix and LDR

◼ Overall deposits up 11% YoY, driven by both NTD and FX deposits, supporting overall loan growth

◼ Both NTD and FX LDRs were higher than the level in 2023

Demand deposit as % of total deposit down in NTD and FX

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Deposits mix in NTD
NT$bn Demand Time
2,300.0 5.6% 2,021.8 9.0% 2,204.4
1,915.5
1,800.0
40.6%
38.4%
1,300.0 39.2%
800.0 60.8% 61.6% 59.4%
300.0
-200.0
Dec-22 Dec-23 Dec-24
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Deposit mix in FX

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NT$bn Demand Time
1,259.9
1300.0 16.0%
1100.0 1,025.8 5.9% 1,086.2
900.0700.0 59.1% 63.0% 71.9%
500.0
300.0100.0 40.9% 37.0% 28.1%
-100.0
Dec-22 Dec-23 Dec-24
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Loan-to-deposit ratio (LTD) in NTD
100.0%
90.0%
80.0%
70.0%
60.0%
50.0%
40.0% 85.4% 86.4% 88.2%
30.0%
20.0%
10.0%
0.0%
Dec-22 Dec-23 Dec-24
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Loan and bond investment to deposit in FX

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Loan Bond investment
80.0% 73.1% 75.9% 74.8%
70.0%
60.0%
50.0%
40.0% 48.9% 50.3% 48.4%
30.0%
20.0%
10.0% 24.2% 25.6% 26.4%
0.0%
Dec-22 Dec-23 Dec-24
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Note: (1) Ending balance

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Taipei Fubon Bank: Interest Spread and Margin

NIM up 1bp in 2024, reflecting that higher NTD loan rates help to mitigate the impact from USD rate cuts. Loan-todeposit spread down 11bps YoY due to the increase in time deposits
NIM down 3bps QoQ in 4Q24, reflecting faster repricing impact from USD rate cuts on loan rates than on deposit rates. Meanwhile, the increase in FX time deposits also weigh on NIM

NIM and loan-to-deposit spread

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NIM Loan-to-deposit spread
1.40% 1.27% 1.24%
1.14% 1.15% 1.13%
1.20% 1.05%
1.00%
0.80%
0.60%
0.40%
0.20%
0.00%
2022 2023 2024
Loan rate and deposit rate
Loan rate Deposit rate
3.50% 2.92% 3.06%
3.00%
2.50%
1.98% 1.93%
2.00% 1.68%
1.50%1.00% 0.71%
0.50%
0.00%
2022 2023 2024
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NIM and loan-to-deposit spread (quarterly)
NIM (Quarterly) Loan-to-deposit spread (Quarterly)
1.40%
1.20% 1.17%1.13% 1.14%1.11% 1.15%1.13% 1.16%1.14% 1.13%1.15%
1.00%
0.80%
0.60%
0.40%
0.20%
0.00%
4Q23 1Q24 2Q24 3Q24 4Q24
Loan rate and deposit rate (quarterly)
Loan rate (Quarterly) Deposit rate (Quarterly)
3.50% 3.00% 2.97% 3.08% 3.10% 3.09%
3.00%
2.50%
1.87% 1.85% 1.95% 1.96% 1.94%
2.00%
1.50%
1.00%
0.50%
0.00%
4Q23 1Q24 2Q24 3Q24 4Q24
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Note: (1) Loan rate calculation inclusive of revolving credit cards

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Taipei Fubon Bank: Asset Quality and Credit Cost

◼ Both NPL ratio and coverage ratio remained benign

NPL ratio of personal unsecured loans started to improve in 4Q24, while the increase since 1Q24 was mainly due to expiration of the government’s bailout measures
Quarterly provision cost increased in 2024, reflecting general provisions on back of loan growth

NPL ratio

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Fubon Industry Average
0.17%
0.18%
0.15% 0.15%
0.16% 0.14%
0.14% 0.12% 0.12%
0.12%
0.10%
0.08%
0.06%
0.04%
0.02%
0.00%
Dec-22 Dec-23 Dec-24
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NPL ratio by product line

0.0 0.0 0.1 0.1 0.2 0.2 0.3	0.15% 0.14% 0.13% 0.13% 0.13% 0.06% 0.06% 0.06% 0.06% 0.07% 0.14% 0.16% 0.20% 0.27% 0.26% 0% 5% 0% 5% 0% 5% 0% 4Q23 1Q24 2Q24 3Q24 4Q24 Corporate loan Mortgage Personal unsecured loan

Coverage ratio

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Fubon Industry average
1200.00% 1071% 1084%
1000.00% 745% 910% 969% 935%
800.00%
600.00%
400.00%
200.00%
0.00%
Dec-22 Dec-23 Dec-24
Provision & credit cost
NT$mn Quarterly provision cost
Cumulative credit cost (annualized)
1,400 1,278
1,186 0.24%
1,200 1,023 994 0.22%
1,000 903
0.20%
800 0.18%
600 0.16%
400 0.19% 0.18% 0.19% 0.20% 0.14%
200 0.17% 0.12%
0 0.10%
4Q23 1Q24 2Q24 3Q24 4Q24
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Taipei Fubon Bank: Credit Card

Both active cards and card spending increased in 2024 with higher market share, reflecting Costco affinity card contribution and consumption momentum acceleration in Taiwan and overseas
Monthly per card spending fell slightly YoY, reflecting increase in active cards and lower monthly per card spending in insurance payment
NPL ratio of credit card declined QoQ and consistently outperformed the market

Active cards

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Active cards Market Share
14.5% 14.7%
7,000 16.00%
6,000 14.00%
5,000 9.2% 12.00%
10.00%
4,000
8.00%
3,000
6.00%
2,000 5,492 5,755 4.00%
1,000 3,354 2.00%
0 0.00%
2022 2023 2024
Per card spending (monthly)
NT$ General consumption Insurance payment
12,00010,000 9,331 -2.8% 9,068 -1.4% 8,941
8,000
1,843 1,312 1,058
6,000
4,000
7,488 7,756 7,884
2,000
0
2022 2023 2024
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Card spending
NT$mn Card spending Market Share
700,000 13.0%
11.6% 14.00%
600,000 10.0% 12.00%
500,000
10.00%
400,000 607,468 8.00%
300,000 485,733 6.00%
200,000 353,038 4.00%
100,000 2.00%
0 0.00%
2022 2023 2024
Credit card NPL ratio
Fubon Industry average
0.35%
0.29% 0.29%
0.30% 0.27% 0.27%
0.25% 0.24% 0.23% 0.22%
0.20% 0.19%
0.16%
0.15% 0.12%
0.10%
0.05%
0.00%
4Q23 1Q24 2Q24 3Q24 4Q24
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Taipei Fubon Bank: Fee Income

Net fee income up 37.1% YoY. Wealth management fee income grew 35.5%, mainly driven by growth in insurance sales and mutual fund sales
Credit card fee income rose 68.0% YoY, mostly due to higher card spending from Costco card and overseas consumption

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Net fee income Wealth management fees
NT$mn NT$mn
19,877 18,000
20,000 16,437
37.1% 540
16,000 35.5%
586 809
2,315 Others
14,000 2,419 Custodian and trust
15,000 14,499 12,127
301 12,000
694 612
1,378
Syndication loan 10,000 2,328 5,648 Equity and bonds
10,000
8,000 2,972
16,437 Mutual funds
Credit card 6,000
12,127
5,000 4,000 7,561
6,215
Insurance
2,000
Wealth management
0 0
2023 2024 2023 2024
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Taipei Fubon Bank: Overseas Branches

◼ Revenue and net profit from overseas branches increased 12.2% YoY and 10.0% YoY on back of loan growth and stable asset quality

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Net revenue from overseas branches Net profit from overseas branches
12.00
NT$bn NT$bn Overseas branches
7.00 30.0%
as % of the Bank's net profit 6.60
9.87
10.00 12.2% 6.00 10.0%
8.79 6.00
25.0%
66.4% 82.8%
8.00 24.5%
5.00
21.7% 20.0%
4.00
6.00 5.29
3.28 15.0%
3.00
4.00 13.6%
10.0%
2.00
2.00
5.0%
1.00
0.00 - 0.0%
2022 2023 2024 2022 2023 2024
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Performance Review by Subsidiary

Fubon Securities

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Fubon Securities: Operational Snapshot

Net profit of NT$10.02bn, up 42.0% YoY, as both trading volume in Taiwan stock market and TAIEX rose. Revenue across business lines grew meaningfully
Market share of major businesses and profit among top 3. Aim to lift market position through segmentation management and platform optimization. Grow wealth management to reach economies of scale

Market share & ranking

	2023	2023	2024	2024
	Market Share	Ranking	Market Share	Ranking
Brokerage	7.56%	3	7.14%	3
Margin Loans	9.56%	2	9.78%	2
Securities Lending	17.08%	3	18.40%	2

Note: (1) The ranking does not include foreign brokers

	Operating revenue	Operating revenue	Operating revenue			Net profit	Net profit
NT$mn				NT$mn
	33.5%	20,115
2,902 2,639 15,069		4,010 3,276	Other revenue Proprietary trading & financial gain		7,054	42.0%	10,019
	9,527 34.7%	12,829	Brokerage revenue
	2023	2024			2023		2024

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Performance Review by Subsidiary

Fubon Insurance

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Fubon Insurance: Operational Snapshot

◼ Direct written premiums rose 11.2%. Market share reached 23.9%, remaining the market leader

◼ Net combined ratio was 87.0%, improving YoY, reflecting the improvement in business structure and risk management

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Direct written premiums by product Net combined ratio
NT$bn
106.7%
64.5
87.0%
11.2%
58.0
31.8%
36.9%
32.8%
35.3%
Commercial line Net expense ratio
Personal line 74.9% Net claim ratio
63.1% 54.2%
64.7%
(2)
2023 2024 2023 2024
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Note: (1) Standalone basis

Note: (2) Net combined ratio would be 89.4%, with net expense ratio of 31.5% and net clam ratio of 57.9% in 2023, if excluding covid-related policies

(3) Including compulsory auto liability insurance

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Performance Review by Subsidiary

Overseas Banking Operations

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Fubon Bank (Hong Kong): Financial Highlights

◼ NIM up 13bps YoY, reflecting cost management via higher growth in retail deposits, the increase of both financial assets and yields. Net profit up 15.6% YoY

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Loan & Deposits NIM
HK$bn Dec-23 Dec-24
1.84%
13bps
1.71%
22.7%
3.5% 134
109
68 70
2023 2024
Loans Deposits
Net profit NPL ratio and coverage ratio [(1)]
HK$mn 907 NPL ratio Coverage ratio
784 15.6%
92.0%
84.3%
1.70%
0.53%
2023 2024 Dec-23 Dec-24
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Note: (1) Definition of NPL ratio includes trade bills; definition of coverage ratio follows the general practice in HK, which is (Allowance for loan losses – stage 3 allowance + collateral balance)/NPL

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Fubon Bank (China): Financial Highlights

Deposit and loan balance grew steadily. NIM up 44bps YoY on loan mix structure improvements. NIM up 52bps YoY, if including SWAP income
Net profit increased significantly, reflecting increase in NII, SWAP revenue and bond capital gains
Aim to maintain stable asset quality

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Loan & Deposits NIM
RMBbn Dec-23 Dec-24 NIM NIM (Swap included)
3.7%
9.5% 52bps
94 97 44bps
2.00%
63 69 1.63% 1.48%
1.20%
Loans Deposits Dec-23 Dec-24 Dec-23 Dec-24
Net profit NPL ratio and coverage ratio
RMBmn NPL ratio Coverage ratio
450 395 225.2% 228.8%
400
350
300
250 200 0.81% 0.79%
150
100
50 17
-
Dec-23 Dec-24
2023 2024
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Contact IR

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Indicates the annual target has been achieved in 2024

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ESG strategy: Goals and Results

Indicators	Indicators	2024 results	2024 goals	2030 goals
⚫ Green finance		NT$2,502.6bn	NT$2,561.3bn	NT$2,910.8bn
⚫ Participation in green bond underwriting cases		56%	33%	45%
⚫ Climate-related products and services		NT$7.8bn	NT$6.2bn	NT$7.4bn
⚫ Number of loss prevention services		661	660	750
⚫ Operational carbon reduction (baseline year: 2020)		*-23%1**	-17%	-42%
*Note: (1) The achievement of operational carbon reduction is an estimate
Indicators		2024 results	2024goals	2030goals
Customer satisfaction		*83.40%2**	89%	90%
Life	• Growth in applications for e-notifications (YoY)	10.08%	9%	4%
	• Share of all policies that are e-policies and e-terms and conditions policies	38.6%	23%	30%
Bank	• Growth in active digital platform accounts (YoY)	25.5%	10%	5%
	• Share of credit cards / personal loans / account openings processed online	87.1%	85%	90%
	• Growth of mobile banking monthly active user (YoY)	24.8%	20%	10%
Insurance	• E-policies and electronic compulsory auto liability insurance certificates issued	78.5%	71%	77%
Securities	• Share of all active accounts using digital trading system	85.7%	84%	90%

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Decarbonization

Helping clients through sustainable finance

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Digitalization

Providing the best financial services

*Note: (2) 2023 result. 2024 customer satisfaction survey will be conducted in 2025.

Indicates the annual target has been achieved in 2024

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ESG strategy: Goals and Results

Indicators	Indicators	Indicators	2024 results	2024goals	2030goals	2030goals
• Taiwan High Compensation 100 Index			Selected	Selected	Selected
• Employee engagement survey		Score	68	>77	>77
		Participation rate	94%	>80%	>80%
• Employees participated in wellness and health- related activities		Total no. of times (10,000)	15.6	>11	>12
		Average no. of times each employee participated	8.3	>7.2	>7.2
• Diversity and Inclusion		% of female employees	63%	≥50%	≥50%
		% of female managers	56%	≥45%	≥45%
Indicators			2024 results	2024goals		2030goals
• Educationpromotion*			4,639,347	904,105		3,084,100
• Healthpromotion *			239,041	389,448		898,384
• Care for the disadvantaged *			319,285	178,672		198,579
• Employee volunteerism(No. of hours)			22,792	24,500		27,500
• Financial Inclusion	Number of financial inclusion products or services in Fubon Insurance		One piece a year	One piece a year		≥ 7 ie es
	Number of customers from Fubon Securities using the monthly contribution service in Taiwan listed stocks		157,555	126,000		181,000
	Financial educationpromotion*		1,389	750		1,000
	Anti-fraud forum,lectures,DM and videos*		1,298,606	501,100		503,800
	Micro insurance cases *		113,544	33,000		85,000

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Empowerment

Fostering a friendly, healthy workplace

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Connection

Connecting society’s positive forces

*Note: (1) Number of times employees participate

Fubon Financial - Financial summary
*NT$ millions, except for percentages*	4Q24	3Q24	2Q24	1Q24	2024	2023	YoY
Income Statement Data
Net interest income	47,295	45,400	45,163	43,887	181,745	169,017	7.5%
Insurance income	7,655	(15,897)	(18,312)	2,239	(24,314)	(60,512)	-59.8%
Net gains (losses) on FX and financial assets	47,230	41,782	54,242	49,140	192,394	60,626	217.3%
Others	1,274	(1,291)	3,716	(6,061)	(2,361)	(1,332)	77.2%
Net revenue	103,454	69,995	84,809	89,205	347,463	167,799	107.1%
Bad debt expense and reserve for guarantee	(4,110)	(3,510)	(2,315)	(2,992)	(12,927)	(9,983)	29.5%
Net change in insurance reserve	(36,421)	3,692	(5,409)	(30,245)	(68,383)	(921)	N.M.
Operating expense	(27,294)	(23,060)	(22,523)	(20,969)	(93,846)	(82,451)	13.8%
Income before tax	35,629	47,118	54,562	34,999	172,308	74,444	131.5%
Net income	29,482	40,119	50,824	30,436	150,861	65,042	131.9%
Net income to parent company	29,511	39,995	50,907	30,408	150,820	66,017	128.5%
Balance Sheet Data
Total assets	12,067,311	11,815,240	11,774,231	11,526,386	12,067,311	11,106,312	8.7%
Equity attributable to parent company	951,126	940,975	937,583	896,450	951,126	802,437	18.5%
Outstanding common shares (million shares)	13,666	13,666	13,015	13,015	13,666	13,015	5.0%
Key Metrics
ROA	1.02%	1.40%	1.78%	1.08%	1.30%	0.60%
ROE *	13.46%	18.35%	23.41%	14.32%	17.20%	9.65%
Equity / assets	8.00%	8.10%	8.09%	7.90%	8.00%	7.35%
Double leverage	115.32%	115.09%	115.09%	115.53%	115.32%	117.29%
Capital adequacy ratio	141.05%		130.59%		141.05%	128.91%
Cash dividend per share						2.50
Stock dividend per share						0.50

Note: (1) Data are consolidated basis and data mark with * are stand-alone basis

Fubon Life - Financial summary

Fubon Life - Financial summary
*NT$ millions, except forpercentages* 4Q24 3Q24 2Q24 1Q24 Income statement data Firstyearpremium * 25,830 28,644 27,329 28,277 Retained earnedpremium 93,142 80,168 77,093 88,977 Total investment income 68,120 70,275 78,012 58,085 Recurringinvestment income 43,278 48,282 43,601 41,267 Other investment income 24,842 21,993 34,412 16,818	2024 2023 YoY
	110,080 94,453 16.5% 339,381 329,215 3.1% 274,492 187,196 46.6% 176,428 174,382 1.2% 98,064 12,814 665.3%
Realizedgains(losses)from fixed income (1,366) 667 101 154	(444) (2,045) N.M.
Realizedgains(losses)from equity 35,782 42,279 43,786 32,819	154,666 46,100 235.5%
FX and others (8,821) (19,594) (10,265) (8,642) Investmentpropertyfair value movement (754) (1,359) 791 (7,514)	(47,321) (27,803) N.M. (8,837) (3,437) N.M.
Other income 1,417 1,123 1,292 1,513 Total operatingrevenue 162,679 151,566 156,398 148,575 Retained claimpayment (90,205) (101,158) (100,335) (92,271) Net commission expense (7,773) (8,223) (7,942) (8,752) Net change in insurance liability (29,587) (3,112) (2,085) (20,716) General and administrative expense (7,351) (5,577) (6,005) (5,397) Other operatingcosts (1,846) (3,201) (1,970) (1,645) Total operatingcosts and expenses (136,761) (121,270) (118,337) (128,781) Net non-operatingincome /(expenses) 515 281 369 335 Income before tax 26,434 30,577 38,430 20,129 Net income 24,706 26,029 34,020 17,485 Net income toparent company 24,736 26,356 34,103 17,463 Balance sheet data Total assets 6,203,993 6,066,387 6,124,859 5,978,420 Total assets(general account) 5,713,823 5,567,802 5,637,621 5,501,193 Insurance liabilities 4,708,510 4,659,531 4,679,244 4,661,550 Total liabilities 5,583,779 5,448,182 5,497,719 5,407,574 Total liabilities(general account) 5,075,587 4,933,802 4,990,867 4,910,156 Equityattributable toparent company 613,848 610,868 620,247 564,918 Key Metrics ROA 1.61% 1.71% 2.25% 1.19% ROE 16.16% 17.13% 23.02% 13.22% Equity/ Assets(general account) 10.85% 11.10% 11.12% 10.38% Expense ratio 7.89% 6.96% 7.79% 6.07% Persistencyratio - 13th month 97.11% 97.01% 96.79% 96.95% Persistencyratio - 25th month * 95.47% 95.71% 95.67% 95.79%	5,345 4,594 16.3% 619,218 521,005 18.9% (383,970) (390,947) -1.8% (32,689) (24,143) 35.4% (55,500) (39,021) 42.2% (24,330) (21,137) 15.1% (8,661) (10,925) -20.7% (505,150) (486,173) 3.9% 1,500 1,005 49.2% 115,568 35,837 222.5% 102,239 34,964 192.4% 102,658 36,091 184.4% 6,203,993 5,812,094 6.7% 5,713,823 5,341,015 7.0% 4,708,510 4,595,802 2.5% 5,583,779 5,313,881 5.1% 5,075,587 4,824,783 5.2% 613,848 492,038 24.8% 1.70% 0.61% 18.57% 9.46% 10.85% 9.33% 7.17% 6.42% 97.11% 96.03% 95.47% 93.10%
RBC * 388% 371%	388% 336%

Note: (1) Data are consolidated basis and data mark with * are stand-alone basis

Taipei Fubon Bank - Financial summary

Taipei Fubon Bank - Financial summary
*NT$ millions, except forpercentages* 4Q24 3Q24 2Q24 1Q24	2024 2023 YOY

Income statement data Interest income 36,473 36,367 34,974 33,098 Interest expense (23,158) (23,770) (23,575) (22,263) Net interest income 13,315 12,597 11,399 10,836 Net fee income 2,522 4,202 4,081 5,168 Other income 3,934 6,253 5,198 4,534 Total net revenue 19,772 23,053 20,678 20,538 Operatingexpenses (11,514) (10,273) (10,067) (9,661) Pre-provisionprofits 8,258 12,779 10,611 10,877 Provision for credit losses (1,966) (2,135) (1,020) (1,388) Income before tax 6,292 10,645 9,591 9,490 Net income 5,399 9,324 8,307 8,225 Net income to parent company and former owner of business combination under common control 5,303 8,857 8,084 8,164 Balance sheet data Loans and discounts,net 2,540,894 2,481,272 2,413,948 2,373,444 Deposits and remittances 3,940,610 3,811,174 3,695,268 3,623,054 Allowance for loan losses * 29,881 29,121 28,438 27,740 Total assets 4,798,727 4,677,343 4,601,639 4,555,473 Equity attributable to parent company and former owner of business combination under ~~t~~ ~~l~~ 298,249 292,338 284,073 298,889	140,913 121,080 16.4% (92,766) (78,762) 17.8% 48,147 42,318 13.8% 15,974 13,351 19.6% 19,920 16,243 22.6% 84,040 71,912 16.9% (41,515) (37,992) 9.3% 42,525 33,920 25.4% (6,508) (6,049) 7.6% 36,017 27,871 29.2% 31,255 24,448 27.8% 30,407 24,473 24.2% 2,540,894 2,264,295 12.2% 3,940,610 3,511,264 12.2% 29,881 26,687 12.0% 4,798,727 4,401,733 9.0% 298,249 286,708 4.0%

Key metrics ROA 0.46% 0.80% 0.73% 0.73% ROE 7.18% 12.29% 11.09% 11.15% Equity/ assets 6.81% 6.85% 6.77% 7.16% Cost / income ratio -58.23% -44.56% -48.69% -47.04% NPL ratio 0.12% 0.11% 0.11% 0.11% Reserve / NPL 1083.90% 1140.89% 1140.85% 1143.73% Tier 1 ratio 13.37% 13.49% 12.92% 13.94% BIS ratio * 15.43% 15.58% 15.18% 16.19% Tier 1 ratio 12.04% 11.68% BIS ratio 14.15% 13.86%	0.68% 0.57% 10.40% 8.92% 6.81% 7.11% -49.40% -52.83% 0.12% 0.12% 1083.90% 1071.06% 13.37% 14.17% 15.43% 16.41% 12.04% 12.65% 14.15% 14.83%

Note:(1) Data are consolidated basis and data mark with * are stand-alone basis

Fubon Insurance - Financial summary

Fubon Insurance - Financial summary
*NT$ millions, except forpercentages* 4Q24 3Q24 2Q24 1Q24 Income statement data	2024 2023 YoY

Direct written premiums 14,755 17,398 18,129 17,526 Retention of earned premiums 11,682 11,445 11,200 11,563 Net income from investment 483 359 764 690 Other operating revenue 556 598 764 727 Retained insurance payments (6,234) (5,992) (5,903) (5,610) Net change in liability reserve (235) 23 (509) (508) Commission and operating expenses (6,755) (5,148) (4,969) (5,157) Non-operating income (85) (82) (72) (80) Income before tax (588) 1,203 1,276 1,626 Net income (428) 990 1,089 1,363 Net income to parent company (417) 993 1,094 1,348 Balance sheet data Total assets 120,655 128,425 128,672 118,089 Investment assets 48,311 42,583 40,813 40,357 Policy reserve 77,415 78,874 78,922 69,094 Equity attributable to parent company 21,794 22,293 21,529 20,281 Key Metrics ROA -1.37% 3.08% 3.53% 4.66% ROE * -7.57% 18.13% 20.92% 27.59% Total investment return 4.25% 3.44% 7.53% 6.83% Solvency margin (NWP/equity) 210.37% 215.12% 215.16% 246.60% Retention ratio 74.82% 66.52% 62.01% 67.46% RBC 335% 329%	67,808 61,034 11.1% 45,891 44,292 3.6% 2,296 1,516 51.4% 2,645 2,672 -1.0% (23,739) (41,226) -42.4% (1,229) 9,540 N.M. (22,029) (19,579) 12.5% (319) (133) N.M. 3,517 (2,917) N.M. 3,014 (2,327) N.M. 3,017 (2,230) N.M. 120,655 115,773 4.2% 48,311 40,378 19.6% 77,415 66,360 16.7% 21,794 18,804 15.9% 2.55% -2.03% 14.86% -19.15% 5.18% 3.75% 218.11% 237.21% 67.38% 69.84% 335% 278%

Note: (1) Data are consolidated basis and data mark with * are stand-alone basis

Fubon Securities - Financial summary

Fubon Securities - Financial summary
*NT$ millions, except forpercentages* 4Q24 3Q24 2Q24 1Q24 Income statement data	2024 2023 YoY

Brokerage commissions 2,897 3,390 3,538 3,004 Net interest income 679 558 555 530 Fee income 883 804 878 580 Net principal transactions and financial products gains 839 1,619 827 929 Other income 77 115 51 38 Total operating revenue 5,374 6,486 5,850 5,081 Total operating expense (2,978) (3,228) (3,133) (2,663) Net non-operating income / (expenses) 74 483 288 177 Income before tax 2,470 3,740 3,006 2,595 Net income 1,897 3,149 2,629 2,344	12,829 9,527 34.7% 2,322 2,047 13.4% 3,145 2,091 50.4% 4,214 2,995 40.7% 281 258 8.9% 22,791 16,918 34.7% (12,002) (10,495) 14.4% 1,022 1,337 -23.6% 11,811 7,761 52.2% 10,019 7,054 42.0% 10,019 7,054 42.0% 44,970 32,000 40.5% 306,162 243,640 25.7% 62,133 54,527 13.9% 3.64% 3.24% 17.18% 15.87% 20.29% 22.38% -52.66% -62.03% 14.69% 13.13% 72.38% 58.69% 361% 362%
Net income to parent company and former owner of business combination under common control 1,897 3,150 2,628 2,344 Balance sheet data Margin loans 44,970 42,123 41,935 37,193 Total assets 306,162 340,193 317,037 301,768 Equity attributable to parent company and former owner of business combination under common control 62,133 59,948 56,825 57,487
Key Metrics
ROA 2.76% 3.83% 3.40% 3.44% ROE * 13.01% 21.58% 18.40% 16.74% Equity / assets 20.29% 17.62% 17.92% 19.05% Expenses / revenues -55.41% -49.78% -53.54% -52.42% Margin loans / total assets 14.69% 12.38% 13.23% 12.32% Margin loans / shareholders' equity 72.38% 70.27% 73.80% 64.70% Capital adequacy ratio 361% 280%

Note: (1) Data are consolidated basis and data mark with * are stand-alone basis

Fubon Bank (Hong Kong) - Financial summary

HK$ millions, except for percentages
2H24
1H24
2H23
1H23
Income Statement Data
Interest income
3,955
3,779
3,573
2,879
Interest expense
(2,579)
(2,574)
(2,396)
(1,940)
Net interest income
1,377
1,205
1,177
938
Net fee income
191
193
158
163
Other income
(18)
8
14
21
Total revenue
1,550
1,406
1,348
1,122
Operating expenses
(685)
(601)
(615)
(560)
Provision for loan losses/ write-back
(306)
(263)
(334)
(36)
Net non-operating income
(16)
(12)
(7)
9
Income before tax
544
530
393
535
Net income
464
442
336
449
Balance Sheet Data
Loans
70,342
66,944
67,934
66,372
Deposits
133,895
122,961
109,124
103,378
Allowance for loan losses
472
570
344
482
Total assets
160,252
152,361
140,982
133,641
Shareholders' equity
16,549
16,393
15,966
15,794
Key metrics
Return on average assets
0.59%
0.60%
0.49%
0.68%
Return on average equity
5.64%
5.47%
4.23%
5.78%
Equity / assets
10.33%
10.76%
11.32%
11.82%
Net fee income / total revenue
12.32%
13.72%
11.70%
14.51%
Cost / income ratio
-44.19%
-42.73%
-45.62%
-49.93%
NPL ratio
1.70%
1.73%
0.53%
0.49%
Coverage ratio
91.97%
85.16%
84.32%
92.31%
Loan to deposit ratio
53.10%
54.66%
62.86%
64.75%
Tier 1 capital ratio
17.45%
17.07%
16.28%
16.54%
BIS ratio
18.89%
18.69%
17.89%
18.28%

2024
2023
YoY

7,734
6,452
19.9%
(5,153)
(4,337)
18.8%
2,582
2,115
22.0%
384
320
19.8%
(10)
34
N.M.
2,956
2,470
19.7%
(1,286)
(1,175)
9.4%
(569)
(370)
53.9%
(27)
2
N.M.
1,074
928
15.8%
907
784
15.6%
70,342
67,934
3.5%
133,895
109,124
22.7%
472
344
37.3%
160,252
140,982
13.7%
16,549
15,966
3.7%
0.60%
0.58%
5.58%
5.02%
10.33%
11.32%
12.99%
12.97%
-43.50%
-47.57%
1.70%
0.53%
91.97%
84.32%
53.10%
62.86%
17.45%
16.28%
18.89%
17.89%

The table is based on the statements of the local competent authority

Fubon Bank (China) - Financial summary

*RMB millions, except for percentages* 4Q24 3Q24 2Q24 1Q24 Income Statement Data Interest income 1,603 1,459 1,350 1,365 Interest expense (890) (933) (1,003) (1,042) Net interest income 713 526 348 323 Net fee income (337) (211) (163) (152) Other income 141 323 238 256 Operating expenses (304) (289) (283) (276) Pre-provision profits 213 349 139 151 Provision for credit losses (158) (233) 4 (139) Income before tax 56 115 143 12 Net income 69 131 141 55 Balance Sheet Data Loans 68,733 63,371 59,923 62,209 Deposits 97,158 95,403 97,559 93,440 Total asset 143,426 138,983 138,134 138,830 Total equity 10,453 10,068 10,061 9,829 Key Metrics ROA 0.19% 0.38% 0.41% 0.16% ROE 3.25% 6.33% 6.94% 2.75% Equity / assets 7.29% 7.24% 7.28% 7.08% Cost / income ratio -55.63% -43.61% -64.44% -61.70% NPL ratio 0.79% 0.97% 1.08% 1.03% Reserve / NPL 228.79% 191.87% 168.38% 179.86% Loan to deposit ratio 70.74% 66.42% 61.42% 66.58% Tier 1 ratio 11.75% 12.45% 12.39% 11.68% BIS ratio 13.70% 13.17% 12.94% 13.50%	2024 2023 YoY
	5,777 5,055 14.3% (3,868) (3,744) 3.3% 1,909 1,311 45.6% (864) (241) 258.4% 958 525 82.3% (1,151) (1,110) 3.7% 852 485 75.5% (526) (663) -20.8% 326 (178) N.M. 395 17 2227.5% 68,733 62,745 9.5% 97,158 93,668 3.7% 143,426 138,878 3.3% 10,453 9,682 8.0% 0.28% 0.01% 4.78% 0.22% 7.29% 6.97% -54.96% -67.43% 0.79% 0.81% 228.79% 225.22% 70.74% 66.99% 11.75% 12.41% 13.70% 14.53%

RMB millions, except for percentages
4Q24
3Q24
2Q24
1Q24
Income Statement Data
Interest income
1,603
1,459
1,350
1,365
Interest expense
(890)
(933)
(1,003)
(1,042)
Net interest income
713
526
348
323
Net fee income
(337)
(211)
(163)
(152)
Other income
141
323
238
256
Operating expenses
(304)
(289)
(283)
(276)
Pre-provision profits
213
349
139
151
Provision for credit losses
(158)
(233)
4
(139)
Income before tax
56
115
143
12
Net income
69
131
141
55
Balance Sheet Data
Loans
68,733
63,371
59,923
62,209
Deposits
97,158
95,403
97,559
93,440
Total asset
143,426
138,983
138,134
138,830
Total equity
10,453
10,068
10,061
9,829
Key Metrics
ROA
0.19%
0.38%
0.41%
0.16%
ROE
3.25%
6.33%
6.94%
2.75%
Equity / assets
7.29%
7.24%
7.28%
7.08%
Cost / income ratio
-55.63%
-43.61%
-64.44%
-61.70%
NPL ratio
0.79%
0.97%
1.08%
1.03%
Reserve / NPL
228.79%
191.87%
168.38%
179.86%
Loan to deposit ratio
70.74%
66.42%
61.42%
66.58%
Tier 1 ratio
11.75%
12.45%
12.39%
11.68%
BIS ratio
13.70%
13.17%
12.94%
13.50%

2024
2023
YoY

5,777
5,055
14.3%
(3,868)
(3,744)
3.3%
1,909
1,311
45.6%
(864)
(241)
258.4%
958
525
82.3%
(1,151)
(1,110)
3.7%
852
485
75.5%
(526)
(663)
-20.8%
326
(178)
N.M.
395
17
2227.5%
68,733
62,745
9.5%
97,158
93,668
3.7%
143,426
138,878
3.3%
10,453
9,682
8.0%
0.28%
0.01%
4.78%
0.22%
7.29%
6.97%
-54.96%
-67.43%
0.79%
0.81%
228.79%
225.22%
70.74%
66.99%
11.75%
12.41%
13.70%
14.53%

The table is based on the statements of the local competent authority

AI assistant

Fubon Financial — Investor Presentation 2025

52212_rns_2025-05-08_e87f0302-8115-4fce-ba75-c7962a91d03b.pdf

Investor Meeting

Disclaimer

From holding company’s perspective

Fubon’s value proposition for investors

 Dividend payment track record

 ESG achievement

Fubon Financial Holdings: Market position

 Leading market position across major business lines

Long-term ROE of the FHC

FHC’s average ROE during 2014-2024

Net profit and ROE of Fubon FHC

Dividend track record of holding company

 Aim for long-term sustainable dividend policy

 Diversified source of earnings upstream from subsidiaries to holding company

Capital position

 All subsidiaries maintain adequate capital position

Cross-selling synergy

Customer base of over 14mn: Over half of population in Taiwan

(million people)

Fubon Life

Highlight on Fubon Life

 Preparing for IFRS 17 and TW-ICS adoption

Premium composition of Fubon Life

Total premium mix

FYP mix

Premium by channel of Fubon Life

FYP mix by channel

Highlights of participating policies

Value of new business (VNB)

Growth in value

Embedded value

Prudency in investment assumptions

Investment return: Actual results and EV assumption

Aim to deliver positive spread

Aim to deliver positive spread

Breakeven point vs. Recurring return (post hedge)

Track record in hedge management

Hedging cost & FX gain/loss

Capital management in Fubon Life

Fubon Life’s RBC ratio

Equity-to-asset

Peer equity-to-asset

Long-term ROE

 Fubon Life’s ROE consistently higher than industry average

Appendix 1: Profit recognition of financial assets

Asset classification and profit recognition of financial assets

Appendix 2: Profit recognition of participating policies (IFRS 4)

Participating policies

Dividends declared

Undistributed profits retained as reserve

Other policies

Appendix 2: Profit recognition of participating policies

(IFRS 17)

Participating policies

Other policies

Mainly through CSM release

Appendix 3: Transition measures for IFRS17 and TW-ICS

 FSC announced a 15-year transition period in July 2023:

 FSC announced three additional transition measures in November 2023:

Measures

Appendix 3: Transition measures for IFRS17 and TW-ICS

Appendix 3: Transition measures for IFRS17 and TW-ICS

Transitional Measures

Localization

Taipei Fubon Bank

Highlight on Taipei Fubon Bank

 NIM management

 Wealth management business

 Credit card business

 Capitalization and asset quality

NIM management

 NIM improvement on back of the adjustment in asset and liability

Asset structure improvement

FX loan

SME credit

Opportunity from Costco affinity card and merger with JihSun Bank

 Growth in AUM on back of customer base expansion

Fubon Financial Investor Presentation 2025