Hanwha Life Insurance (088350) investor relations material

Executive summary

• Achieved record first-half new business CSM of KRW 1.3 trillion, up 40.5% year-on-year, driven by a profitability-focused sales strategy and strong sales of medium to long-term whole life products.

• Consolidated net income rose 96% year-on-year to KRW 904.5 billion, with significant contributions from both domestic and overseas subsidiaries.

• Insurance, securities, and other financial segments all contributed to growth, with insurance remaining the largest segment by revenue and profit.

• The group maintained strong capital adequacy, with total assets at KRW 186.5 trillion and equity at KRW 19.3 trillion.

• Secured future growth engines through enhanced core business competitiveness and business portfolio diversification.

Financial highlights

• Standalone net income increased 183.9% year-on-year to KRW 510.2 billion.

• New Business CSM hit KRW 1.3 trillion, the highest since IFRS17 adoption, with profitability at 11.0x, up 40.5% year-on-year.

• In-force CSM reached KRW 8.9 trillion, up KRW 214.3 billion from the start of the year.

• Insurance profit for the first half was KRW 285.3 billion; investment profit rose to KRW 354.8 billion, driven by higher interest and dividend income and alternative investments.

• Net profit attributable to owners of the parent was KRW 771.9 billion for the half-year, up from KRW 351.2 billion in the prior year period.

Outlook and guidance

• Plans to further expand sales of high-margin, medium to long-term whole life products and launch new products targeting dementia and long-term care markets.

• Overseas subsidiaries expected to exceed 2026 pre-tax operating profit target of KRW 200 billion and on track for 2030 target of KRW 304.1 billion.

• Year-end K-ICS ratio targeted above 165%, with core capital K-ICS ratio above 60%.

• Management expects continued growth in insurance and asset management, supported by stable capital and risk management.

• The group is focused on digital transformation, AI-driven efficiency, and expanding global operations, particularly in Southeast Asia.