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 net income declined by 23.4% to ₩447 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, but investment profit rose 19.8%.

Financial highlights

• Revenue: ₩4,974 billion (+7.4% YoY); Net income: ₩447 billion (-23.4% YoY).

• Operating income: ₩647 billion (-15.6% YoY); Pre-tax income: ₩643 billion (-15.6% YoY).

• Insurance profit: ₩403 billion (-28.5% YoY); Investment profit: ₩244 billion (+19.8% YoY).

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.