Hanwha Life Insurance Balance Sheet

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
Investments in Debt Securities	12,172,408	11,834,111	12,208,558	11,961,200	53,591,601	45,303,285
Investments in Equity & Preferred Securities	482,546	424,138	451,875	602,099	1,862,270	2,432,661
Policy Loans	-	-	-	-	-	8,200,115
Other Investments	2,697,873	3,080,911	2,431,215	685,967	20,496,542	28,822,442
Total Investments	143,161,152	145,071,426	137,064,041	122,350,755	120,131,289	112,206,730
Cash & Equivalents	27,551	22,204	7,202	-	-	0
Reinsurance Recoverable	1,178,886	1,191,787	661,439	723,299	827,782	685,608
Other Receivables	25,670,855	23,772,643	16,092,763	16,631,683	18,134,322	16,349,180
Deferred Policy Acquisition Cost	-	-	-	-	-	2,284,005
Separate Account Assets	-	-	-	-	-	26,181,482
Property, Plant & Equipment	2,348,606	2,283,345	2,089,405	1,821,845	1,804,134	1,884,292
Goodwill	508,469	494,601	198,005	177,311	-	-
Other Intangible Assets	465,563	453,771	250,242	173,906	138,797	985,212
Other Current Assets	4,130,855	4,978,304	3,511,714	5,691,096	5,119,853	2,643,173
Long-Term Deferred Tax Assets	128,406	116,430	94,164	52,789	22,700	138,928
Long-Term Deferred Charges	198,391	192,459	192,426	271,880	186,750	176,583
Other Long-Term Assets	-30,437	-42,592	-14,969	7,279	-55,147	56,180
Total Assets	177,788,297	178,534,378	160,146,432	147,901,843	146,310,481	163,591,373
Accrued Expenses	917,609	813,274	747,044	597,756	590,336	526,829
Insurance & Annuity Liabilities	-	-	-	-45,846	-68,259	101,767,307
Unpaid Claims	-	-	-	-	-	4,476,659
Unearned Premiums	-	-	-	-	-	932,736
Current Income Taxes Payable	39,507	33,690	27,148	6,301	128,814	65,401
Long-Term Debt	21,111,335	21,383,391	13,162,379	10,982,133	9,848,430	6,987,337
Long-Term Deferred Tax Liabilities	1,289,236	959,821	741,307	1,361,036	2,364,019	585,246
Separate Account Liability	9,787,710	9,979,168	9,017,806	8,821,899	8,187,640	26,746,306
Other Current Liabilities	10,671,452	8,686,124	3,718,150	2,177,441	2,735,083	1,784,539
Other Long-Term Liabilities	115,672,085	119,570,680	118,010,070	108,107,641	102,536,307	5,966,769
Total Liabilities	159,962,119	161,910,993	145,845,717	132,426,755	126,615,800	150,171,792
Common Stock	4,342,650	4,342,650	4,342,650	4,342,650	4,342,650	4,342,650
Additional Paid-In Capital	485,281	485,281	485,281	485,281	485,281	485,281
Retained Earnings	9,035,503	8,731,223	8,205,973	7,609,771	7,929,009	5,083,054
Treasury Stock	-924,085	-924,085	-924,085	-924,085	-924,085	-924,085
Comprehensive Income & Other	2,072,227	1,240,165	-292,248	1,524,554	5,539,149	2,286,948
Total Common Equity	15,011,576	13,875,234	11,817,571	13,038,171	17,372,004	11,273,848
Minority Interest	2,814,602	2,748,151	2,483,144	2,436,916	2,322,677	2,145,733
Shareholders' Equity	17,826,178	16,623,385	14,300,715	15,475,088	19,694,681	13,419,581
Total Liabilities & Equity	177,788,297	178,534,378	160,146,432	147,901,843	146,310,481	163,591,373
Filing Date Shares Outstanding	751.39	751.39	751.39	751.39	751.39	751.39
Total Common Shares Outstanding	751.39	751.39	751.39	751.39	751.39	751.39
Total Debt	21,111,335	21,383,391	13,162,379	10,982,133	9,848,430	6,987,337
Net Cash (Debt)	-21,083,784	-21,361,187	-13,155,177	-10,982,133	-9,848,430	-6,987,337
Net Cash Per Share	-27680.05	-28096.43	-17410.70	-14534.70	-13063.51	-9282.76
Book Value Per Share	19978.40	18466.08	15727.61	17352.06	23119.82	15003.99
Tangible Book Value	14,037,544	12,926,862	11,369,324	12,686,954	17,233,207	10,288,637
Tangible Book Value Per Share	18682.09	17203.93	15131.05	16884.64	22935.10	13692.80
Land	974,309	971,755	927,968	745,057	750,684	914,850
Buildings	1,356,075	1,347,996	1,228,322	1,169,796	1,182,135	1,343,348
Machinery	621,807	590,547	516,758	466,583	431,597	429,990
Construction In Progress	135,281	101,830	64,683	27,160	5,140	2,061