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

Hyundai Marine & Fire 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	12,606,964	12,113,792	11,150,291	13,729,809	13,160,303	12,281,527
Total Interest & Dividend Income	1,152,405	1,055,636	1,354,880	1,282,817	1,193,967	1,225,443
Gain (Loss) on Sale of Investments	688,660	643,381	111,841	141,806	163,575	464,470
Other Revenue	374,944	347,724	501,507	451,774	724,132	451,613
Total Revenue	14,822,972	14,160,533	13,118,518	15,606,206	15,241,977	14,423,052
Revenue Growth (YoY)	5.60%	7.94%	-15.94%	2.39%	5.68%	7.39%
Policy Benefits	12,118,804	11,951,255	10,144,955	11,316,979	10,967,805	10,505,375
Policy Acquisition & Underwriting Costs	-	-	-	1,676,765	1,728,866	1,644,474
Depreciation & Amortization	-	-	-	11,433	11,127	11,447
Selling, General & Administrative	43,523	39,081	40,108	624,430	602,563	578,624
Other Operating Expenses	901,235	1,025,678	1,270,661	1,236,846	944,957	939,464
Reinsurance Income or Expense	-	-	-	-36,583	-50,674	-47,920
Total Operating Expenses	13,066,431	13,020,943	11,458,038	15,310,828	14,691,203	14,091,768
Operating Income	1,756,541	1,139,590	1,660,480	295,378	550,774	331,283
Interest Expense	-224,214	-218,006	-141,690	-52,111	-43,874	-44,149
Earnings From Equity Investments	-3,285	-1,280	-1,043	-7,358	1,541	782.98
Currency Exchange Gain (Loss)	11,013	222,017	383,734	457,593	-155,753	208,640
Other Non Operating Income (Expenses)	-24,615	-26,530	-25,871	-31,737	-8,028	-24,659
EBT Excluding Unusual Items	1,515,440	1,115,790	1,875,610	661,764	344,660	471,899
Gain (Loss) on Sale of Investments	-342,075	-355,384	-110,549	-61,523	-64,383	-100,427
Gain (Loss) on Sale of Assets	-	-	-	584.93	202,065	2,764
Asset Writedown	-	-	-	-133.12	-6,746	-16.18
Pretax Income	1,173,365	760,406	1,765,061	600,693	475,596	374,220
Income Tax Expense	294,858	152,577	470,085	168,121	143,742	105,076
Earnings From Continuing Ops.	878,508	607,829	1,294,976	432,572	331,854	269,144
Net Income	878,508	607,829	1,294,976	432,572	331,854	269,144
Preferred Dividends & Other Adjustments	11,071	22,142	17,892	17,113	17,113	17,113
Net Income to Common	867,437	585,687	1,277,084	415,459	314,741	252,031
Net Income Growth	-18.57%	-53.06%	199.37%	30.35%	23.30%	-27.94%
Shares Outstanding (Basic)	78	78	78	79	80	80
Shares Outstanding (Diluted)	78	78	78	79	80	80
Shares Change (YoY)	-	-	-0.23%	-1.23%	-0.20%	-
EPS (Basic)	11062.20	7469.12	16286.32	5285.99	3955.11	3160.84
EPS (Diluted)	11062.20	7469.12	16286.00	5285.99	3955.00	3160.84
EPS Growth	-18.38%	-54.14%	208.10%	33.65%	25.12%	-31.39%
Free Cash Flow	1,892,248	2,095,626	897,514	986,276	1,202,722	1,262,950
Free Cash Flow Per Share	24131.36	26724.98	11445.76	12548.62	15113.69	15839.26
Dividend Per Share	2063.000	2063.000	1965.000	1480.000	1000.000	880.000
Dividend Growth	4.99%	4.99%	32.77%	48.00%	13.64%	-22.12%
Operating Margin	11.85%	8.05%	12.66%	1.89%	3.61%	2.30%
Profit Margin	5.85%	4.14%	9.73%	2.66%	2.06%	1.75%
Free Cash Flow Margin	12.77%	14.80%	6.84%	6.32%	7.89%	8.76%
EBITDA	1,913,351	1,255,717	1,779,914	410,976	659,727	430,868
EBITDA Margin	12.91%	8.87%	13.57%	2.63%	4.33%	2.99%
D&A For EBITDA	156,810	116,127	119,433	115,597	108,954	99,585
EBIT	1,756,541	1,139,590	1,660,480	295,378	550,774	331,283
EBIT Margin	11.85%	8.05%	12.66%	1.89%	3.61%	2.30%
Effective Tax Rate	25.13%	20.07%	26.63%	27.99%	30.22%	28.08%

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