DB Insurance (005830) Q3 2025 earnings summary

Executive summary

• Revenue increased 7.6% year-over-year in 3Q25 and 11.0% for the nine-month period, reaching KRW 4,700bn and KRW 15,191bn, respectively.

• Net income declined 35.4% year-over-year in 3Q25 and 24.0% for the nine-month period, totaling KRW 293bn and KRW 1,200bn.

• Operating profit and underwriting profit both saw significant declines, while investment profit rose sharply.

Financial highlights

• Underwriting profit dropped 71.7% year-over-year in 3Q25 and 47.0% for the nine-month period.

• Investment profit increased 23.0% in 3Q25 and 43.6% for the nine-month period.

• Operating profit fell 33.5% in 3Q25 and 20.0% for the nine-month period.

• Net income before tax decreased 34.1% in 3Q25 and 20.4% for the nine-month period.

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%.

• Dividend per share is projected to rise, with a target of KRW 6,800 by 2028.