Seoul Guarantee Insurance Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	2,174,182	2,054,581	1,965,160	1,938,901	1,907,596	1,678,630
Total Interest & Dividend Income	259,683	257,050	244,277	216,398	189,393	68,584
Gain (Loss) on Sale of Investments	56,918	48,886	70,849	66,202	15,170	25,527
Other Revenue	48,243	48,465	31,385	39,101	50,462	185,733
Total Revenue	2,539,026	2,408,982	2,311,671	2,260,602	2,162,620	1,958,474
Revenue Growth (YoY)	9.77%	4.21%	2.26%	4.53%	10.42%	-5.54%
Policy Benefits	1,917,436	1,849,774	1,867,360	1,564,566	1,207,322	711,661
Policy Acquisition & Underwriting Costs	2,255	2,255	2,075	2,099	298.48	114,273
Amortization of Goodwill & Intangibles	38,547	38,547	16,329	17,135	16,191	16,761
Depreciation & Amortization	369.55	369.55	362.42	355.13	299.26	309.7
Selling, General & Administrative	11,977	15,906	37,636	37,275	57,335	112,464
Provision for Bad Debts	-4,036	-4,036	-5,483	-6,600	-9,587	-7,572
Other Operating Expenses	69,500	43,582	73,693	50,738	67,743	127,270
Reinsurance Income or Expense	-	-	-	-	-	-61,735
Total Operating Expenses	2,073,017	1,983,599	2,033,825	1,710,589	1,391,986	1,291,875
Operating Income	466,009	425,383	277,846	550,013	770,635	666,600
Interest Expense	-5,748	-5,860	-5,376	-5,587	-4,778	-5,649
Earnings From Equity Investments	1,720	1,720	1,752	404.83	3.6	-2,226
Currency Exchange Gain (Loss)	22,658	-5,394	47,542	8,992	23,929	13,350
Other Non Operating Income (Expenses)	-13,731	-7,343	-3,940	-11,386	-8,014	-5,694
EBT Excluding Unusual Items	470,908	408,506	317,824	542,436	781,776	666,381
Gain (Loss) on Sale of Investments	-36,982	-34,391	-34,866	-22,717	-73,765	-19,290
Gain (Loss) on Sale of Assets	268.03	268.03	-0.7	1,332	95.66	817.6
Asset Writedown	-	-	-	-	-99.69	-21.59
Pretax Income	434,194	374,383	282,957	521,051	708,007	647,887
Income Tax Expense	127,664	105,972	69,683	103,118	162,792	191,323
Earnings From Continuing Ops.	306,530	268,411	213,274	417,933	545,215	456,564
Minority Interest in Earnings	-42.53	-37.51	-173.93	-273.82	-360.28	-434.85
Net Income	306,487	268,373	213,100	417,659	544,855	456,129
Net Income to Common	306,487	268,373	213,100	417,659	544,855	456,129
Net Income Growth	51.56%	25.94%	-48.98%	-23.34%	19.45%	39.06%
Shares Outstanding (Basic)	70	70	70	70	70	70
Shares Outstanding (Diluted)	70	70	70	70	70	70
Shares Change (YoY)	0.05%	-	-	-	-	-
EPS (Basic)	4388.43	3843.70	3052.07	5981.80	7803.53	6532.78
EPS (Diluted)	4388.43	3843.70	3052.00	5981.80	7803.53	6532.78
EPS Growth	51.48%	25.94%	-48.98%	-23.34%	19.45%	39.06%
Free Cash Flow	298,366	373,102	304,904	528,923	770,030	926,089
Free Cash Flow Per Share	4272.14	5343.65	4366.90	7575.34	11028.54	13263.65
Dividend Per Share	2865.000	2865.000	2865.000	-	-	-
Operating Margin	18.35%	17.66%	12.02%	24.33%	35.63%	34.04%
Profit Margin	12.07%	11.14%	9.22%	18.48%	25.19%	23.29%
Free Cash Flow Margin	11.75%	15.49%	13.19%	23.40%	35.61%	47.29%
EBITDA	535,894	493,556	319,922	592,192	812,562	705,958
EBITDA Margin	21.11%	20.49%	13.84%	26.20%	37.57%	36.05%
D&A For EBITDA	69,885	68,173	42,076	42,179	41,927	39,358
EBIT	466,009	425,383	277,846	550,013	770,635	666,600
EBIT Margin	18.35%	17.66%	12.02%	24.33%	35.63%	34.04%
Effective Tax Rate	29.40%	28.31%	24.63%	19.79%	22.99%	29.53%