Hyundai Marine & Fire Insurance (001450) Q1 2025 earnings summary

Executive summary

• Net income for 1Q 2025 was KRW 203 billion, a 57.4% decrease year-over-year from KRW 477 billion in 1Q 2024.

• Insurance service results declined sharply across commercial, long-term, and auto segments compared to the same quarter last year.

Financial highlights

• Net investment income for 1Q 2025 was KRW 107 billion, down 1.2% year-over-year.

• Return on equity (ROE) dropped to 15.1% from 33.3% year-over-year.

• Shareholders' equity decreased to KRW 4,213 billion from KRW 4,927 billion at the end of 2024.

Outlook and guidance

• Forward-looking statements are subject to change due to market conditions and are not guaranteed.