Hanwha General Insurance Co., Ltd. (KRX:000370)

Hanwha General Insurance Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	4,772,193	4,417,821	4,084,693	4,876,179	4,855,497	4,578,315
Total Interest & Dividend Income	415,449	392,373	349,957	532,177	531,437	528,104
Gain (Loss) on Sale of Investments	145,528	138,229	110,002	64,630	89,314	47,432
Other Revenue	220,367	207,809	239,239	71,505	168,922	100,052
Total Revenue	5,553,537	5,156,232	4,783,891	5,544,491	5,645,171	5,253,902
Revenue Growth (YoY)	9.73%	7.78%	-13.72%	-1.78%	7.45%	4.35%
Policy Benefits	3,063,394	3,086,789	2,987,147	3,981,951	4,042,525	3,804,625
Policy Acquisition & Underwriting Costs	955,418	769,864	565,947	619,047	613,800	722,535
Amortization of Goodwill & Intangibles	20,615	20,234	19,696	18,741	17,154	12,090
Depreciation & Amortization	102.98	-	-	2,106	2,109	2,138
Selling, General & Administrative	560,083	506,564	483,783	324,961	302,589	313,868
Other Operating Expenses	64,699	118,862	121,852	270,510	231,359	258,561
Reinsurance Income or Expense	-	-	-	-5,920	-6,476	-5,170
Total Operating Expenses	4,975,692	4,784,087	4,434,650	5,467,542	5,463,991	5,345,856
Operating Income	577,846	372,145	349,242	76,949	181,179	-91,953
Interest Expense	-20,075	-34,753	-34,539	-22,699	-22,641	-25,275
Earnings From Equity Investments	4,238	1,782	1,113	6,212	-	-27.77
Currency Exchange Gain (Loss)	10,954	64,445	71,916	111,003	-41,510	72,464
Other Non Operating Income (Expenses)	-658.37	-474.24	425.04	312.38	-359.19	-749.6
EBT Excluding Unusual Items	572,304	403,145	388,157	171,778	116,670	-45,542
Gain (Loss) on Sale of Investments	-131,007	-95,313	-181,771	-30,936	-46,696	-49,324
Gain (Loss) on Sale of Assets	-356.2	-235.68	69,386	-44.79	1,040	-71.82
Asset Writedown	-	-	237.26	-1,230	-	-
Pretax Income	440,941	307,596	276,010	139,567	71,013	-94,938
Income Tax Expense	138,237	94,839	88,746	44,699	22,763	-25,864
Earnings From Continuing Ops.	302,704	212,757	187,264	94,867	48,250	-69,074
Minority Interest in Earnings	35,189	34,482	34,928	27,117	13,012	2,877
Net Income	337,893	247,239	222,191	121,984	61,262	-66,197
Preferred Dividends & Other Adjustments	14,375	20,582	17,619	12,320	11,433	13.21
Net Income to Common	323,518	226,657	204,572	109,664	49,829	-66,210
Net Income Growth	129.42%	11.27%	82.15%	99.12%	-	-
Shares Outstanding (Basic)	154	155	127	117	117	117
Shares Outstanding (Diluted)	154	155	127	117	117	117
Shares Change (YoY)	-0.24%	22.30%	8.38%	-	-	-
EPS (Basic)	2096.07	1464.77	1616.85	939.40	426.84	-567.16
EPS (Diluted)	2096.07	1464.77	1616.85	939.00	426.84	-567.16
EPS Growth	161.44%	-9.41%	72.19%	119.99%	-	-
Free Cash Flow	1,256,763	1,562,017	-15,109	1,217,231	1,501,753	1,859,306
Free Cash Flow Per Share	8142.56	10094.53	-119.41	10426.95	12864.21	15927.05
Dividend Per Share	200.000	200.000	-	-	-	-
Operating Margin	10.41%	7.22%	7.30%	1.39%	3.21%	-1.75%
Profit Margin	5.83%	4.40%	4.28%	1.98%	0.88%	-1.26%
Free Cash Flow Margin	22.63%	30.29%	-0.32%	21.95%	26.60%	35.39%
EBITDA	668,809	454,916	422,240	145,033	244,880	-36,044
EBITDA Margin	12.04%	8.82%	8.83%	2.62%	4.34%	-0.69%
D&A For EBITDA	90,963	82,771	72,998	68,084	63,700	55,909
EBIT	577,846	372,145	349,242	76,949	181,179	-91,953
EBIT Margin	10.41%	7.22%	7.30%	1.39%	3.21%	-1.75%
Effective Tax Rate	31.35%	30.83%	32.15%	32.03%	32.05%	-

Updated Nov 13, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.