Hanwha Life Insurance Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	12,176,424	10,909,502	10,429,544	11,503,788	16,539,113
Total Interest & Dividend Income	4,802,431	4,131,676	4,143,174	4,372,018	3,744,107
Gain (Loss) on Sale of Investments	5,478,269	3,397,582	3,699,754	1,438,682	1,435,857
Other Revenue	3,922,466	3,266,352	3,465,444	3,452,089	2,046,584
Total Revenue	26,379,590	21,705,112	21,737,916	20,766,576	23,765,661
Revenue Growth (YoY)	21.54%	-0.15%	4.68%	-12.62%	-1.43%
Policy Benefits	15,505,410	12,621,353	13,314,356	10,535,803	15,923,878
Policy Acquisition & Underwriting Costs	-	-	-	-	1,186,927
Amortization of Goodwill & Intangibles	110,067	83,507	77,826	52,992	102,749
Depreciation & Amortization	121,548	112,293	84,379	60,308	40,698
Selling, General & Administrative	332,316	374,985	338,777	316,955	814,427
Other Operating Expenses	6,117,690	5,801,292	4,563,037	5,027,104	3,548,370
Reinsurance Income or Expense	-583,186	-590,285	-735,502	-824,796	-1,478,269
Total Operating Expenses	23,019,965	19,822,749	19,262,335	16,864,226	23,859,784
Operating Income	3,359,625	1,882,363	2,475,582	3,902,351	-94,123
Interest Expense	-910,756	-494,482	-473,412	-271,306	-
Earnings From Equity Investments	19,413	69,310	-9,234	-56,426	100,973
Currency Exchange Gain (Loss)	154,531	2,244,837	563,883	715,546	1,796,120
Other Non Operating Income (Expenses)	-99,823	-29,390	-24,146	88,170	165,351
EBT Excluding Unusual Items	2,522,990	3,672,638	2,532,673	4,378,335	1,968,321
Gain (Loss) on Sale of Investments	-1,314,840	-2,433,390	-1,509,009	-3,089,616	-350,022
Gain (Loss) on Sale of Assets	-4,246	8,074	63,011	93,061	41,945
Asset Writedown	-846	-6,180	-7,039	-2,248	-1,747
Pretax Income	1,203,058	1,241,142	1,079,636	1,379,532	1,658,497
Income Tax Expense	296,161	306,987	253,655	209,054	409,337
Earnings From Continuing Ops.	906,897	934,155	825,981	1,170,478	1,249,160
Minority Interest in Earnings	-195,009	-128,747	-67,501	-140,149	-57,849
Net Income	711,888	805,408	758,480	1,030,329	1,191,311
Preferred Dividends & Other Adjustments	-	-	37,766	88,808	95.98
Net Income to Common	711,888	805,408	720,714	941,521	1,191,215
Net Income Growth	-11.61%	6.19%	-26.38%	-13.51%	489.43%
Shares Outstanding (Basic)	1,027	860	756	754	753
Shares Outstanding (Diluted)	1,027	860	756	754	753
Shares Change (YoY)	19.38%	13.88%	0.22%	0.15%	0.09%
EPS (Basic)	693.00	936.00	953.86	1248.89	1582.54
EPS (Diluted)	693.00	936.00	953.86	1248.89	1582.54
EPS Growth	-25.96%	-1.87%	-23.62%	-21.08%	1026.99%
Free Cash Flow	4,188,965	4,675,636	1,700,759	864,036	5,472,342
Free Cash Flow Per Share	4077.82	5433.76	2250.93	1146.11	7270.07
Operating Margin	12.74%	8.67%	11.39%	18.79%	-0.40%
Profit Margin	2.70%	3.71%	3.31%	4.53%	5.01%
Free Cash Flow Margin	15.88%	21.54%	7.82%	4.16%	23.03%
EBITDA	3,591,240	2,078,163	2,637,787	4,155,851	181,691
EBITDA Margin	13.61%	9.57%	12.13%	20.01%	0.77%
D&A For EBITDA	231,615	195,800	162,205	253,500	275,814
EBIT	3,359,625	1,882,363	2,475,582	3,902,351	-94,123
EBIT Margin	12.74%	8.67%	11.39%	18.79%	-0.40%
Effective Tax Rate	24.62%	24.73%	23.49%	15.15%	24.68%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.