Hanwha Life 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	Jun '26 Jun 30, 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	12,767,246	12,176,424	10,909,502	10,429,544	11,503,788	16,539,113
Total Interest & Dividend Income	3,975,000	4,802,431	4,131,676	4,143,174	4,372,018	3,744,107
Gain (Loss) on Sale of Investments	8,559,177	5,478,269	3,397,582	3,699,754	1,438,682	1,435,857
Other Revenue	-527,924	3,922,466	3,266,352	3,465,444	3,452,089	2,046,584
Total Revenue	24,773,498	26,379,590	21,705,112	21,737,916	20,766,576	23,765,661
Revenue Growth	2.02%	21.54%	-0.15%	4.68%	-12.62%	-1.43%
Policy Benefits	15,984,413	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	110,067	83,507	77,826	52,992	102,749
Depreciation & Amortization	121,548	121,548	112,293	84,379	60,308	40,698
Selling, General & Administrative	355,471	332,316	374,985	338,777	316,955	814,427
Other Operating Expenses	6,117,690	6,117,690	5,801,292	4,563,037	5,027,104	3,548,370
Reinsurance Income or Expense	-583,186	-583,186	-590,285	-735,502	-824,796	-1,478,269
Total Operating Expenses	23,522,123	23,019,965	19,822,749	19,262,335	16,864,226	23,859,784
Operating Income	1,251,375	3,359,625	1,882,363	2,475,582	3,902,351	-94,123
Interest Expense	-1,193,821	-910,756	-494,482	-473,412	-271,306	-
Earnings From Equity Investments	19,413	19,413	69,310	-9,234	-56,426	100,973
Currency Exchange Gain (Loss)	3,027,301	154,531	2,244,837	563,883	715,546	1,796,120
Other Non Operating Income (Expenses)	-95,406	-99,823	-29,390	-24,146	88,170	165,351
EBT Excluding Unusual Items	3,008,863	2,522,990	3,672,638	2,532,673	4,378,335	1,968,321
Gain (Loss) on Sale of Investments	-1,314,840	-1,314,840	-2,433,390	-1,509,009	-3,089,616	-350,022
Gain (Loss) on Sale of Assets	-4,246	-4,246	8,074	63,011	93,061	41,945
Asset Writedown	-846	-846	-6,180	-7,039	-2,248	-1,747
Pretax Income	1,688,931	1,203,058	1,241,142	1,079,636	1,379,532	1,658,497
Income Tax Expense	339,001	296,161	306,987	253,655	209,054	409,337
Earnings From Continuing Ops.	1,349,929	906,897	934,155	825,981	1,170,478	1,249,160
Minority Interest in Earnings	-217,249	-195,009	-128,747	-67,501	-140,149	-57,849
Net Income	1,132,681	711,888	805,408	758,480	1,030,329	1,191,311
Preferred Dividends & Other Adjustments	114,462	114,462	28,343	37,766	88,808	95.98
Net Income to Common	1,018,219	597,426	777,065	720,714	941,521	1,191,215
Net Income Growth	99.87%	-23.12%	7.82%	-23.45%	-20.96%	1028.05%
Shares Outstanding (Basic)	751	760	756	756	754	753
Shares Outstanding (Diluted)	751	760	756	756	754	753
Shares Change	-16.02%	0.62%	-	0.22%	0.15%	0.09%
EPS (Basic)	1355.11	785.80	1028.43	953.86	1248.89	1582.54
EPS (Diluted)	1261.22	693.00	936.00	953.86	1248.89	1582.54
EPS Growth	156.70%	-25.96%	-1.87%	-23.62%	-21.08%	1026.99%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-	4,188,965	4,675,636	1,700,759	864,036	5,472,342
Free Cash Flow Per Share	-	5509.76	6188.14	2250.93	1146.11	7270.07
Operating Margin	5.05%	12.74%	8.67%	11.39%	18.79%	-0.40%
Profit Margin	4.11%	2.27%	3.58%	3.31%	4.53%	5.01%
Free Cash Flow Margin	-	15.88%	21.54%	7.82%	4.16%	23.03%
EBITDA	1,495,520	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	244,145	231,615	195,800	162,205	253,500	275,814
EBIT	1,251,375	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%