DB Insurance (005830) Q1 2025 earnings summary

Executive summary

• Revenue for 1Q 2025 increased by 7.4% year-over-year to ₩4,974 billion, while consolidated net income was KRW 430.8 billion and separate net income was KRW 447.0 billion.

• Operating income and pre-tax income both fell by 15.6% compared to the same quarter last year.

• Insurance underwriting profit dropped 28.5% year-over-year to KRW 402.7 billion, but investment profit rose 19.8% to KRW 244.0 billion (separate basis).

• Total consolidated assets reached KRW 69.7 trillion, with insurance contract liabilities at KRW 43.5 trillion.

Financial highlights

• Revenue: ₩4,974 billion (+7.4% YoY); Net income: ₩447 billion (separate), KRW 430.8 billion (consolidated); Operating income: ₩647 billion (-15.6% YoY).

• Insurance profit: ₩403 billion (-28.5% YoY); Investment profit: ₩244 billion (+19.8% YoY, separate); Investment income (consolidated): KRW 534.8 billion.

• Basic earnings per share (consolidated): KRW 7,175; separate EPS: KRW 7,444.

• Gross written premiums (separate): KRW 4.97 trillion.

Outlook and guidance

• Mid- to long-term shareholder return ratio target raised to 35% or higher, up 14.3 percentage points from 2023.

• K-ICS capital adequacy ratio to be managed within 200–220% range, supporting stable returns and business expansion.

• The company aims to maintain a progressive dividend policy and stable capital adequacy, focusing on sustainable growth and risk management.

• Strategic priorities include expanding overseas operations, enhancing digital transformation, and strengthening multi-channel sales.