2851.TW
Strong BuyFull HouseAI neutralCentral Reinsurance Corporation · Financial Services · Taiwan · $1.2B
TWD 46.20 +1.3% · close 6 Oct · scored 7 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
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Central Reinsurance Corporation is Taiwan's sole local professional reinsurer, providing non-life and life reinsurance coverage across domestic and regional carriers. The company benefits from stable domestic underwriting market share and elevated yields on fixed-income investment portfolios, but its earnings remain exposed to catastrophic climate-related event risks.
ABOUT CENTRAL REINSURANCE CORPORATION
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Central Reinsurance Corporation is the sole domestic reinsurance company in Taiwan, providing life and non-life reinsurance services. The company's competitive moat is its dominant market position in Taiwan, supported by deep local market knowledge and long-term relationships with domestic insurers. It is a critical infrastructure player in the Taiwanese insurance sector, backed by strong credit ratings.
FINANCIAL SUMMARY (TWD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | — | 21.3B | 22.0B | 22.9B | 22.9B | 2.4% | 29.4B |
| EPS (TWD) | 3.50 | 0.41 | 2.61 | 3.14 | 3.66 | 1.1% | 3.66 |
| Shares | — | 800.4M | 800.4M | 800.4M | 800.4M | -0.0% | 800.4M |
| Debt | — | 1.8M | 1.3M | 0.8M | 0.5M | -36.7% | 0.3M |
| Equity | — | 17.0B | 19.1B | 20.9B | 21.7B | 8.5% | — |
| Op CF | — | 2.1B | -7.3B | -1.7B | 2.4B | 3.6% | 12.0B |
| Inv CF | — | -33.6M | -33.8M | -19.5M | -1.4M | — | — |
| Fin CF | — | 2.3B | -0.5M | -1.1B | -1.5B | — | — |
Calmer than 72% of stocks we rank over the past year (30% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of 2851.TW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 2851.TW | Central Reinsurance Corporation(you) | $1.2B | 100 | Strong Buy |
| 2850.TW | Shinkong Insurance Co., Ltd. | $1.6B | 88 | Strong Buy |
| 2855.TW | President Securities Corporation | $2.9B | 98 | Strong Buy |
| 6021.TWO | Good Finance Securities Co., Ltd. | $410M | 99 | Strong Buy |
| 2816.TW | Union Insurance Co., Ltd. | $282M | 98 | Strong Buy |
| 2832.TW | Taiwan Fire & Marine Insurance Co., Ltd. | $458M | 84 | Strong Buy |
| 1718.TW | China Man-Made Fiber Corporation | $437M | 75 | Buy |
| 6005.TW | Capital Securities Corporation | $2.5B | 67 | Buy |
| 2897.TW | O-Bank Co., Ltd. | $966M | 56 | Hold |
| 5859.TWO | Farglory Life Insurance Co., Ltd. | $649M | 63 | Hold |
Peer medians: ROE 12.1% · P/E 15.7x · Gross margin 49.0%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.