This report does not constitute a rating action. What ' s new: Fubon Life Insurance Co. Ltd. reported return on assets of 0.99% in 2025. This is slightly below our earlier forecast of 1.3% mainly due to significant provisioning of foreign volatility reserves in the fourth quarter of 2025. The insurer's earnings remain stronger than the 0.5% average for the Taiwan life insurance sector. As with many other local peers, Fubon Life's earnings for the first three months of 2026 were affected by financial asset valuation volatilities amid global market volatility; however, the insurer's earnings remain resilient by local peer comparison. Fubon Life recorded good total premium growth of 16% in the first three months of 2026 on a year-over-year
