Hyundai Marine & Fire Insurance (001450) Q3 2025 earnings summary

Executive summary

• Net income for 1–3Q 2025 was KRW 634 billion, down 39.4% year-over-year, with a significant drop in insurance service results and a notable non-recurring gain in the prior year.

• Insurance service result declined 49.6% year-over-year for 1–3Q 2025, with all segments except commercial showing negative trends.

Financial highlights

• Net investment income increased 4.0% year-over-year to KRW 326 billion for 1–3Q 2025, but fell 30.9% sequentially in 3Q.

• ROE dropped from 26.6% to 18.6% year-over-year for 1–3Q.

• Excluding a KRW 274.4 billion non-recurring gain in 2024, net income decline was less severe.

Outlook and guidance

• Forward-looking statements are based on internal and external expectations, but actual results may differ due to market volatility.