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光 SKFH Highlights of Q1 2021 Earnings SKFH Announces Results for Q1 2021 May 27 , 2021 , Taipei Shin Kong Financial Holding Company Limited ( " Shin Kong ” , “ SKFH ” , or the “ Company ” , TWSE : 2888 ) announces consolidated results of the Company and its subsidiaries for the first quarter of 2021 . HIGHLIGHTS • SKFH recorded a consolidated after - tax profit of NT $ 9.44bn for Q1 2021 , up 23.7 % YoY . EPS was NT $ 0.72 . Total group assets amounted to NT $ 4.4 trillion , up 9.8 % year - on - year . Consolidated shareholders ' equity reached NT $ 231.38bn , and book value per share was NT $ 17.34 . Shin Kong Life continued to promote foreign currency policies and value - focused products , with first year premium ( FYP ) reaching NT $ 11.00bn . Cost of liabilities decreased 3 bps year - to - date to 3.80 % . Consolidated after - tax profit for Q1 2021 was NT $ 6.87bn , up 2.2 % year - on - year . Consolidated shareholders ' equity amounted to NT $ 149.77bn , and equity - to - asset ratio was 4.59 % . • Shin Kong Bank sustained growth trend over the past quarters . Net interest income and net fee income grew 3.0 % and 9.2 % year - on - year , respectively . Consolidated after - tax profit reached NT $ 1.52bn , up 13.7 % year - on - year . Asset quality remained solid with NPL ratio of 0.19 % and coverage ratio of 712.77 % . • • MasterLink Securities delivered strong brokerage performance , with brokerage fee income increasing 62.1 % year - on - year to NT $ 1.19bn . Capitalized on market trends , proprietary trading income grew substantially to NT $ 0.77bn . Consolidated after - tax profit was NT $ 0.90bn . Life insurance Embedded Value ( EV ) per share of SKFH was NT $ 23.2 ( not including the net worth of bank and other subsidiaries ) . VNB was NT $ 20.1bn , and VNB margin increased to 27.8 % . Page 1 of 3