South Korea · Delayed Price · Currency is KRW Hyundai Marine & Fire Insurance Earnings Call Transcripts
Fiscal Year 2025
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Net income fell 45.6% year-over-year in 2025, with declines across all insurance lines and a swing to loss in auto. Despite this, solvency and CSM multiples improved, and 2026 guidance targets recovery through product optimization, capital strengthening, and regulatory adaptation.
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Q2 2025 net income fell 30.4% YoY due to higher loss ratios, but investment profit rose 35%. Capital adequacy improved, with a K-ICS ratio of 170%, and strategic focus remains on CSM growth and duration gap reduction.
Fiscal Year 2024
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Net income for 2024 rose 33.4% YoY to KRW 1.03 trillion, driven by strong long-term and commercial insurance, while auto insurance and investment profits declined. Regulatory changes increased volatility and capital pressures, with a 2025 focus on CSM growth and capital strengthening.