Hanwha General Insurance Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	5,710,101	5,454,558	4,876,658	4,417,821	4,084,693	4,876,179
Total Interest & Dividend Income	480,427	469,589	423,035	392,373	349,957	532,177
Gain (Loss) on Sale of Investments	146,338	158,119	164,992	138,229	110,002	64,630
Other Revenue	234,066	246,327	204,124	207,809	239,239	71,505
Total Revenue	6,570,932	6,328,593	5,668,809	5,156,232	4,783,891	5,544,491
Revenue Growth (YoY)	12.75%	11.64%	9.94%	7.78%	-13.72%	-1.78%
Policy Benefits	5,842,526	5,552,050	4,817,017	3,086,789	2,987,147	3,981,951
Policy Acquisition & Underwriting Costs	5,235	5,122	49,595	769,864	565,947	619,047
Amortization of Goodwill & Intangibles	20,545	20,268	20,456	20,234	19,696	18,741
Depreciation & Amortization	760.91	775.63	467.6	-	-	2,106
Selling, General & Administrative	100,544	96,674	104,403	506,564	483,783	324,961
Other Operating Expenses	188,204	122,124	228,610	118,862	121,852	270,510
Reinsurance Income or Expense	-	-	-	-	-	-5,920
Total Operating Expenses	6,186,437	5,827,420	5,247,954	4,784,087	4,434,650	5,467,542
Operating Income	384,495	501,173	420,855	372,145	349,242	76,949
Interest Expense	-56,580	-54,639	-22,120	-34,753	-34,539	-22,699
Earnings From Equity Investments	-2,497	-1,790	2,753	1,782	1,113	6,212
Currency Exchange Gain (Loss)	126,810	53,264	204,417	64,445	71,916	111,003
Other Non Operating Income (Expenses)	-5,875	-7,053	875.64	-474.24	425.04	312.38
EBT Excluding Unusual Items	446,353	490,956	606,781	403,145	388,157	171,778
Gain (Loss) on Sale of Investments	-62,132	-70,206	-167,417	-95,313	-181,771	-30,936
Gain (Loss) on Sale of Assets	-210.4	-204.14	124.73	-235.68	69,386	-44.79
Asset Writedown	-	-	-	-	237.26	-1,230
Pretax Income	384,011	420,546	439,489	307,596	276,010	139,567
Income Tax Expense	112,731	128,213	123,522	94,839	88,746	44,699
Earnings From Continuing Ops.	271,280	292,333	315,967	212,757	187,264	94,867
Minority Interest in Earnings	-994.79	6,684	27,038	34,482	34,928	27,117
Net Income	270,285	299,017	343,006	247,239	222,191	121,984
Preferred Dividends & Other Adjustments	15,741	12,147	15,850	20,582	17,619	12,320
Net Income to Common	254,544	286,870	327,156	226,657	204,572	109,664
Net Income Growth	-25.24%	-12.82%	38.73%	11.27%	82.15%	99.12%
Shares Outstanding (Basic)	153	153	154	155	127	117
Shares Outstanding (Diluted)	153	153	154	155	127	117
Shares Change (YoY)	-1.12%	-0.77%	-0.31%	22.30%	8.38%	-
EPS (Basic)	1666.25	1874.11	2120.83	1464.77	1616.85	939.40
EPS (Diluted)	1666.25	1874.11	2120.83	1464.77	1616.85	939.00
EPS Growth	-26.29%	-11.63%	44.79%	-9.41%	72.19%	119.99%
Free Cash Flow	879,779	643,343	1,363,961	1,562,017	-15,109	1,217,231
Free Cash Flow Per Share	5759.04	4202.94	8842.06	10094.53	-119.41	10426.95
Operating Margin	5.85%	7.92%	7.42%	7.22%	7.30%	1.39%
Profit Margin	3.87%	4.53%	5.77%	4.40%	4.28%	1.98%
Free Cash Flow Margin	13.39%	10.17%	24.06%	30.29%	-0.32%	21.95%
EBITDA	484,035	598,884	516,791	454,916	422,240	145,033
EBITDA Margin	7.37%	9.46%	9.12%	8.82%	8.83%	2.62%
D&A For EBITDA	99,541	97,711	95,936	82,771	72,998	68,084
EBIT	384,495	501,173	420,855	372,145	349,242	76,949
EBIT Margin	5.85%	7.92%	7.42%	7.22%	7.30%	1.39%
Effective Tax Rate	29.36%	30.49%	28.11%	30.83%	32.15%	32.03%