DB Insurance (005830) Q2 2025 earnings summary

Executive summary

• Revenue for 2Q 2025 rose 17.7% year-over-year to KRW 5,517bn, with cumulative revenue up 12.6% to KRW 10,491bn.

• Net income for 2Q 2025 declined 14.9% year-over-year to KRW 460bn; cumulative net income fell 19.3% to KRW 907bn.

• Operating profit decreased 13.2% year-over-year in 2Q 2025 to KRW 612bn.

Financial highlights

• Underwriting profit dropped 49.9% year-over-year in 2Q 2025, while investment profit more than doubled, up 101.5%.

• Long-term insurance CSM amortization fell 34.6% year-over-year in 2Q 2025.

• Auto direct premium written decreased 3.1% year-over-year in 2Q 2025, with profit down 52.1%.

• Commercial direct premium written increased 5.8% year-over-year in 2Q 2025.

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%.