Heungkuk Fire&Marine Insurance Co., Ltd. (KRX: 000540)

Heungkuk Fire&Marine Insurance Income Statement

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

Fiscal Year	TTM	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Dec 31, 2017	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Premiums & Annuity Revenue	2,552,933	2,552,933	2,755,703	2,776,195	2,516,079	2,525,161
Total Interest & Dividend Income	308,897	308,897	283,548	246,791	228,222	182,321
Gain (Loss) on Sale of Investments	12,601	12,601	19,843	22,489	18,640	29,391
Other Revenue	175,603	175,603	70,404	52,975	50,730	63,008
Total Revenue	3,050,034	3,050,034	3,129,498	3,098,450	2,813,671	2,799,881
Revenue Growth (YoY)	-2.54%	-2.54%	1.00%	10.12%	0.49%	-0.52%
Policy Benefits	2,150,359	2,150,359	2,392,123	2,370,262	2,097,932	2,059,597
Policy Acquisition & Underwriting Costs	328,787	328,787	367,944	391,206	372,614	385,215
Amortization of Goodwill & Intangibles	10,894	10,894	9,785	9,201	9,750	7,687
Depreciation & Amortization	3,017	3,017	1,832	1,378	1,536	1,632
Selling, General & Administrative	152,024	152,024	178,753	166,429	161,701	133,586
Other Operating Expenses	74,020	74,020	122,219	111,766	82,766	95,699
Reinsurance Income or Expense	-890	-890	-752	-462	-487	-647
Total Operating Expenses	2,791,005	2,791,005	3,135,709	3,107,354	2,777,840	2,732,667
Operating Income	259,029	259,029	-6,211	-8,904	35,831	67,214
Interest Expense	-10,553	-10,553	-10,532	-9,366	-8,921	-7,921
Currency Exchange Gain (Loss)	-139,050	-139,050	36,523	45,260	19,521	-6,542
Other Non Operating Income (Expenses)	2,159	2,159	804	8,942	312	20,852
EBT Excluding Unusual Items	111,585	111,585	20,584	35,932	46,743	73,603
Gain (Loss) on Sale of Investments	-1,229	-1,229	-3,982	-9,260	-1,108	-11,583
Gain (Loss) on Sale of Assets	46	46	-28	-27	-20	-37
Asset Writedown	-627	-627	-	-	-	-
Pretax Income	109,775	109,775	16,574	26,645	45,615	61,983
Income Tax Expense	20,232	20,232	-15,026	6,962	11,395	4,829
Net Income	89,543	89,543	31,600	19,683	34,220	57,154
Preferred Dividends & Other Adjustments	5,215	5,215	-	-	-	17.28
Net Income to Common	84,328	84,328	31,600	19,683	34,220	57,137
Net Income Growth	183.36%	183.36%	60.54%	-42.48%	-40.13%	-22.38%
Shares Outstanding (Basic)	65	65	65	65	70	64
Shares Outstanding (Diluted)	65	65	65	65	70	64
Shares Change (YoY)	-0.40%	-0.40%	0.05%	-6.17%	8.29%	0.18%
EPS (Basic)	1297.15	1297.15	484.00	302.00	492.00	889.39
EPS (Diluted)	1228.00	1228.00	483.00	301.00	491.00	433.68
EPS Growth	154.24%	154.24%	60.47%	-38.70%	13.22%	-62.13%
Free Cash Flow	990,317	990,317	982,513	545,619	642,054	72,224
Free Cash Flow Per Share	15197.25	15197.25	15017.52	8343.82	9212.41	1122.23
Operating Margin	8.49%	8.49%	-0.20%	-0.29%	1.27%	2.40%
Profit Margin	2.76%	2.76%	1.01%	0.64%	1.22%	2.04%
Free Cash Flow Margin	32.47%	32.47%	31.40%	17.61%	22.82%	2.58%
EBITDA	274,727	274,727	6,418	2,519	48,035	77,710
EBITDA Margin	9.01%	9.01%	0.20%	0.08%	1.71%	2.78%
D&A For EBITDA	15,698	15,698	12,629	11,423	12,204	10,496
EBIT	259,029	259,029	-6,211	-8,904	35,831	67,214
EBIT Margin	8.49%	8.49%	-0.20%	-0.29%	1.27%	2.40%
Effective Tax Rate	18.43%	18.43%	-	26.13%	24.98%	7.79%

Source: S&P Capital IQ. Insurance template. Financial Sources.