INCAR FINANCIAL SERVICE (211050) Q4 2025 earnings summary

Executive summary

• Operates as an independent insurance agency, specializing in life, non-life, and auto insurance sales, with a focus on expanding sales force and leveraging digital platforms.

• Maintains strong partnerships with over 30 domestic insurance companies, driving stable revenue growth.

• Holds 3 consolidated subsidiaries: a financial platform provider, a financial consulting firm, and a mortgage brokerage.

Financial highlights

• 2005 consolidated revenue reached 1,821,766 million KRW, up 22.9% year-over-year.

• Net income attributable to controlling interests was 72,299 million KRW for 2005.

• Total assets at year-end 2005 were 1,001,382 million KRW, with equity of 333,290 million KRW.

• Operating income and net profit both showed significant year-over-year growth, supported by increased sales and expanded sales force.

Outlook and guidance

• Plans to continue expanding sales force and digital capabilities to adapt to changing financial environments.

• Expects ongoing stable revenue growth through strong insurer partnerships and diversified product offerings.