DB Insurance Co., Ltd. (KRX: 005830)

DB 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	14,406,265	13,918,308	13,266,596	15,390,577	14,431,110	13,494,009
Total Interest & Dividend Income	2,378,620	2,197,400	2,016,041	1,711,041	1,573,576	1,571,841
Gain (Loss) on Sale of Investments	472,692	521,838	134,890	253,696	415,786	541,776
Other Revenue	494,654	628,736	1,011,367	712,386	1,333,600	828,565
Total Revenue	17,752,231	17,266,282	16,428,894	18,067,700	17,754,072	16,436,190
Revenue Growth (YoY)	2.93%	5.10%	-9.07%	1.77%	8.02%	6.41%
Policy Benefits	13,430,913	13,257,842	11,878,514	12,546,633	12,042,154	11,530,631
Policy Acquisition & Underwriting Costs	58,224	49,962	49,379	2,013,072	2,067,829	2,013,592
Amortization of Goodwill & Intangibles	44,743	42,557	34,807	37,538	38,808	40,566
Depreciation & Amortization	10,749	10,494	18,304	18,548	23,088	25,144
Selling, General & Administrative	177,242	118,387	113,543	684,353	635,956	583,846
Other Operating Expenses	1,605,482	1,233,861	1,646,109	1,787,689	1,274,208	1,504,382
Reinsurance Income or Expense	-	-	-	-24,439	-28,532	-23,978
Total Operating Expenses	15,441,494	14,810,251	13,777,068	17,588,088	16,532,528	16,125,331
Operating Income	2,310,737	2,456,032	2,651,826	479,612	1,221,544	310,859
Interest Expense	-434,096	-381,226	-230,690	-79,062	-55,110	-47,895
Earnings From Equity Investments	16,328	8,067	-7,388	34,859	26,548	4,855
Currency Exchange Gain (Loss)	934,878	432,671	685,407	824,696	-306,157	372,206
Other Non Operating Income (Expenses)	8,242	7,786	-3,287	1,008	-3,242	-2,531
EBT Excluding Unusual Items	2,836,089	2,523,331	3,095,867	1,261,113	883,582	637,494
Gain (Loss) on Sale of Investments	-334,755	-267,391	-380,495	-116,845	-138,017	-126,301
Gain (Loss) on Sale of Assets	745	-79	17,320	31,280	12,524	10,409
Asset Writedown	-39	-39	-33,116	-29	-15,812	-30
Pretax Income	2,502,039	2,255,821	2,699,575	1,175,519	742,278	521,572
Income Tax Expense	564,134	513,442	660,093	302,599	187,781	141,409
Earnings From Continuing Ops.	1,937,905	1,742,379	2,039,482	872,920	554,497	380,163
Minority Interest in Earnings	-2,360	-3,810	-5,581	-3,397	-2,216	-4,167
Net Income	1,935,545	1,738,569	2,033,901	869,523	552,281	375,996
Net Income to Common	1,935,545	1,738,569	2,033,901	869,523	552,281	375,996
Net Income Growth	-5.73%	-14.52%	133.91%	57.44%	46.88%	-29.40%
Shares Outstanding (Basic)	60	60	60	60	61	63
Shares Outstanding (Diluted)	60	60	60	60	61	63
Shares Change (YoY)	-	-	-	-1.47%	-3.73%	-
EPS (Basic)	32235.73	28955.17	33873.81	14481.55	9062.98	5940.06
EPS (Diluted)	32235.73	28955.17	33873.81	14481.55	9062.98	5940.06
EPS Growth	-5.73%	-14.52%	133.91%	59.79%	52.57%	-29.40%
Free Cash Flow	4,685,976	4,427,610	2,692,266	2,249,038	1,183,597	2,178,352
Free Cash Flow Per Share	78043.05	73740.08	44838.61	37456.83	19422.95	34414.04
Dividend Per Share	5300.000	5300.000	-	-	-	-
Operating Margin	13.02%	14.22%	16.14%	2.65%	6.88%	1.89%
Profit Margin	10.90%	10.07%	12.38%	4.81%	3.11%	2.29%
Free Cash Flow Margin	26.40%	25.64%	16.39%	12.45%	6.67%	13.25%
EBITDA	2,445,638	2,586,340	2,774,313	600,359	1,341,693	433,920
EBITDA Margin	13.78%	14.98%	16.89%	3.32%	7.56%	2.64%
D&A For EBITDA	134,901	130,308	122,487	120,747	120,149	123,061
EBIT	2,310,737	2,456,032	2,651,826	479,612	1,221,544	310,859
EBIT Margin	13.02%	14.22%	16.14%	2.65%	6.88%	1.89%
Effective Tax Rate	22.55%	22.76%	24.45%	25.74%	25.30%	27.11%

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