Hanwha Life Insurance Balance Sheet

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
Investments in Debt Securities	11,834,111	12,208,558	11,961,200	53,591,601	45,303,285
Investments in Equity & Preferred Securities	424,138	451,875	602,099	1,862,270	2,432,661
Policy Loans	-	-	-	-	8,200,115
Other Investments	3,080,911	2,431,215	685,967	20,496,542	28,822,442
Total Investments	145,071,426	137,064,041	122,350,755	120,131,289	112,206,730
Cash & Equivalents	22,204	7,202	-	-	0
Reinsurance Recoverable	1,191,787	661,439	723,299	827,782	685,608
Other Receivables	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	2,283,345	2,089,405	1,821,845	1,804,134	1,884,292
Goodwill	494,601	198,005	177,311	-	-
Other Intangible Assets	453,771	250,242	173,906	138,797	985,212
Other Current Assets	4,978,304	3,511,714	5,691,096	5,119,853	2,643,173
Long-Term Deferred Tax Assets	116,430	94,164	52,789	22,700	138,928
Long-Term Deferred Charges	192,459	192,426	271,880	186,750	176,583
Other Long-Term Assets	-42,592	-14,969	7,279	-55,147	56,180
Total Assets	178,534,378	160,146,432	147,901,843	146,310,481	163,591,373
Accrued Expenses	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	33,690	27,148	6,301	128,814	65,401
Long-Term Debt	21,383,391	13,162,379	10,982,133	9,848,430	6,987,337
Long-Term Deferred Tax Liabilities	959,821	741,307	1,361,036	2,364,019	585,246
Separate Account Liability	9,979,168	9,017,806	8,821,899	8,187,640	26,746,306
Other Current Liabilities	8,686,124	3,718,150	2,177,441	2,735,083	1,784,539
Other Long-Term Liabilities	119,570,680	118,010,070	108,107,641	102,536,307	5,966,769
Total Liabilities	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
Additional Paid-In Capital	485,281	485,281	485,281	485,281	485,281
Retained Earnings	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
Comprehensive Income & Other	1,240,165	-292,248	1,524,554	5,539,149	2,286,948
Total Common Equity	13,875,234	11,817,571	13,038,171	17,372,004	11,273,848
Minority Interest	2,748,151	2,483,144	2,436,916	2,322,677	2,145,733
Shareholders' Equity	16,623,385	14,300,715	15,475,088	19,694,681	13,419,581
Total Liabilities & Equity	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
Total Common Shares Outstanding	751.39	751.39	751.39	751.39	751.39
Total Debt	21,383,391	13,162,379	10,982,133	9,848,430	6,987,337
Net Cash (Debt)	-21,361,187	-13,155,177	-10,982,133	-9,848,430	-6,987,337
Net Cash Per Share	-20794.43	-15288.21	-14534.70	-13063.51	-9282.76
Book Value Per Share	18466.08	15727.61	17352.06	23119.82	15003.99
Tangible Book Value	12,926,862	11,369,324	12,686,954	17,233,207	10,288,637
Tangible Book Value Per Share	17203.93	15131.05	16884.64	22935.10	13692.80
Land	971,755	927,968	745,057	750,684	914,850
Buildings	1,347,996	1,228,322	1,169,796	1,182,135	1,343,348
Machinery	590,547	516,758	466,583	431,597	429,990
Construction In Progress	101,830	64,683	27,160	5,140	2,061

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