DB Insurance
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DB Insurance (005830) investor relations material

DB Insurance Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary14 Nov, 2025

Executive summary

  • Revenue increased 7.6% year-over-year in 3Q25 and 11.0% for the nine-month period, reaching KRW 4,700bn and KRW 15,191bn, respectively.

  • Net income declined 35.4% year-over-year in 3Q25 and 24.0% for the nine-month period, totaling KRW 293bn and KRW 1,200bn.

  • Operating profit and underwriting profit both saw significant declines, while investment profit rose sharply.

Financial highlights

  • Underwriting profit dropped 71.7% year-over-year in 3Q25 and 47.0% for the nine-month period.

  • Investment profit increased 23.0% in 3Q25 and 43.6% for the nine-month period.

  • Operating profit fell 33.5% in 3Q25 and 20.0% for the nine-month period.

  • Net income before tax decreased 34.1% in 3Q25 and 20.4% for the nine-month period.

Outlook and guidance

  • Shareholder return rate is planned to increase to over 35% by 2028, up from 23.0% in 2024, contingent on maintaining a K-ICS ratio between 200% and 220%.

  • Dividend per share is projected to rise, with a target of KRW 6,800 by 2028.

Root causes for the severe U/W profit drop
How will excess K-ICS capital be deployed
What factors drove the NPL ratio improvement
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