Hyundai Marine & Fire Insurance Co., Ltd. (KRX:001450)

KRX:001450 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	12,726,808	12,680,036	12,114,328	11,150,291	13,729,809	13,160,303
Total Interest & Dividend Income	1,208,809	1,165,835	1,055,636	1,354,880	1,282,817	1,193,967
Gain (Loss) on Sale of Investments	693,990	690,533	643,381	111,841	141,806	163,575
Other Revenue	315,617	280,361	347,724	501,507	451,774	724,132
Total Revenue	14,945,225	14,816,764	14,161,069	13,118,518	15,606,206	15,241,977
Revenue Growth (YoY)	4.02%	4.63%	7.95%	-15.94%	2.39%	5.68%
Policy Benefits	12,433,112	12,047,643	11,996,523	10,144,955	11,316,979	10,967,805
Policy Acquisition & Underwriting Costs	-	-	-	-	1,676,765	1,728,866
Depreciation & Amortization	-	-	-	-	11,433	11,127
Selling, General & Administrative	66,615	55,977	39,081	40,108	624,430	602,563
Other Operating Expenses	1,697,429	1,841,252	1,025,678	1,270,661	1,236,846	944,957
Reinsurance Income or Expense	-	-	-	-	-36,583	-50,674
Total Operating Expenses	14,195,753	13,942,588	13,066,212	11,458,038	15,310,828	14,691,203
Operating Income	749,472	874,177	1,094,857	1,660,480	295,378	550,774
Interest Expense	-216,711	-203,659	-218,006	-141,690	-52,111	-43,874
Earnings From Equity Investments	-6,550	-6,333	-1,280	-1,043	-7,358	1,541
Currency Exchange Gain (Loss)	771,864	984,727	222,017	383,734	457,593	-155,753
Other Non Operating Income (Expenses)	-39,364	-37,874	-26,530	-25,871	-31,737	-8,028
EBT Excluding Unusual Items	1,258,711	1,611,038	1,071,057	1,875,610	661,764	344,660
Gain (Loss) on Sale of Investments	-335,018	-411,175	-355,384	-110,549	-61,523	-64,383
Gain (Loss) on Sale of Assets	-	-	-	-	584.93	202,065
Asset Writedown	-	-	-	-	-133.12	-6,746
Pretax Income	923,692	1,199,862	715,673	1,765,061	600,693	475,596
Income Tax Expense	242,532	349,329	141,228	470,085	168,121	143,742
Earnings From Continuing Ops.	681,160	850,533	574,445	1,294,976	432,572	331,854
Net Income	681,160	850,533	574,445	1,294,976	432,572	331,854
Preferred Dividends & Other Adjustments	-	-	11,071	17,892	17,113	17,113
Net Income to Common	681,160	850,533	563,374	1,277,084	415,459	314,741
Net Income Growth	-7.22%	48.06%	-55.64%	199.37%	30.35%	23.30%
Shares Outstanding (Basic)	78	78	78	78	79	80
Shares Outstanding (Diluted)	78	78	78	78	79	80
Shares Change (YoY)	-	-	-	-0.23%	-1.23%	-0.20%
EPS (Basic)	8686.66	10846.63	7184.57	16286.32	5285.99	3955.11
EPS (Diluted)	8686.66	10846.63	7184.57	16286.00	5285.99	3955.00
EPS Growth	-6.36%	50.97%	-55.88%	208.10%	33.65%	25.12%
Free Cash Flow	812,882	1,317,593	2,095,626	897,514	986,276	1,202,722
Free Cash Flow Per Share	10366.48	16802.93	26724.98	11445.76	12548.62	15113.69
Dividend Per Share	-	-	2063.000	1965.000	1480.000	1000.000
Dividend Growth	-	-	4.99%	32.77%	48.00%	13.64%
Operating Margin	5.01%	5.90%	7.73%	12.66%	1.89%	3.61%
Profit Margin	4.56%	5.74%	3.98%	9.74%	2.66%	2.07%
Free Cash Flow Margin	5.44%	8.89%	14.80%	6.84%	6.32%	7.89%
EBITDA	872,571	996,457	1,210,985	1,779,914	410,976	659,727
EBITDA Margin	5.84%	6.73%	8.55%	13.57%	2.63%	4.33%
D&A For EBITDA	123,100	122,280	116,127	119,433	115,597	108,954
EBIT	749,472	874,177	1,094,857	1,660,480	295,378	550,774
EBIT Margin	5.01%	5.90%	7.73%	12.66%	1.89%	3.61%
Effective Tax Rate	26.26%	29.11%	19.73%	26.63%	27.99%	30.22%

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.