Hyundai Marine & Fire Insurance (001450) investor relations material

Executive summary

• Q2 2026 net income rose 85.2% year-over-year to KRW 391.8 billion, driven by strong insurance service results and improved claims experience variance.

• Insurance service result rose 89.8% year-over-year to KRW 706 billion in 1H26, with strong growth in long-term and commercial segments.

• Net income increased 58.2% year-over-year to KRW 615 billion in 1H26, with ROE improving to 23.5%.

• As of June 30, 2026, consolidated total assets were KRW 49.2 trillion, with a robust capital adequacy ratio and stable credit ratings.

• The group operates as a comprehensive non-life insurance provider with a strong market position and focus on digital transformation and risk management.

Financial highlights

• Consolidated operating revenue for H1 2026 was KRW 9.31 trillion, with net profit attributable to owners of the parent at KRW 654.7 billion.

• Insurance service results increased 89.8% year-over-year to KRW 403.7 billion in Q2 2026, with notable improvements in long-term and auto insurance.

• Net investment income after insurance finance expenses was KRW 99.7 billion, down 23% year-over-year due to higher insurance finance expenses.

• Persistency ratios improved: 13th month at 87.5% and 25th month at 74.1% in 1H26.

• The consolidated capital adequacy ratio (K-ICS) improved to 209.0% in 2Q26.

Outlook and guidance

• Year-end liabilities may rise due to new regulatory guidelines, but underlying earnings capacity remains solid.

• Managed benefits system in long-term insurance and September reforms in auto insurance expected to further improve profitability.

• Asset management will shift toward medium-risk, medium-return assets to enhance investment yield.

• The company aims to maintain stable growth in insurance premiums, enhance profitability through risk-based pricing, and continue digital innovation.

• No specific forward-looking financial guidance was provided in the semi-annual report.