Hanwha Life Insurance (088350) Q3 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2026 earnings summary
12 Nov, 2026Executive summary
9M earnings growth and stronger insurance fundamentals were supported by higher New Business CSM and overseas earnings, while Q3 market volatility drove substantial investment losses.
Financial highlights
9M consolidated net income was KRW 866bn, up 12.6% YoY; net income attributable to controlling interests was KRW 668bn vs KRW 618bn.
YTD New Business CSM reached KRW 2.086trn, up 40% YoY; 3Q26 was KRW 786bn, up 14% QoQ.
New Business CSM profitability rose to 11.1x from 7.0x YoY; 3Q26 reached 12.7x, up 1.0x QoQ.
9M insurance profit was KRW 385bn, up 177% YoY and above FY25's KRW 344bn.
Outlook and guidance
K-ICS is expected at 171%, up 13.5 percentage points from FY25, supported by in-force CSM growth.
Improved hedge alignment is expected to reduce volatility following temporary Q3 hedge mismatch losses.
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