Hyundai Marine & Fire Insurance (001450) investor relations material

Executive summary

• Insurance service result rose 89.8% year-over-year to KRW 706bn in 1H26, with strong growth in long-term and commercial segments.

• Net income increased 58.2% year-over-year to KRW 615bn in 1H26, with ROE improving to 23.5%.

• The group operates as a comprehensive non-life insurance provider, with business segments in insurance, asset management, and related services, supported by a network of subsidiaries and affiliates.

• As of June 30, 2026, consolidated total assets were KRW 49.2 trillion, with a robust capital adequacy ratio and stable credit ratings from S&P (A/Stable) and A.M. Best (A/Excellent).

• The company maintains a strong market position in Korea's non-life insurance sector, focusing on digital transformation, risk management, and diversified distribution channels.

Financial highlights

• Consolidated operating revenue for H1 2026 was KRW 9.31 trillion, with net profit attributable to owners of the parent at KRW 654.7 billion, and basic EPS of KRW 8,303.

• Net investment income declined 55.3% year-over-year to KRW 106bn in 1H26.

• Total assets decreased from KRW 50.4 trillion at end-2025 to KRW 49.2 trillion at end-H1 2026, mainly due to a reduction in insurance contract liabilities and financial assets.

• Insurance contract liabilities stood at KRW 30.9 trillion, and borrowings at KRW 3.0 trillion as of June 30, 2026.

• The consolidated capital adequacy ratio (K-ICS) improved to 209.0% (up from 190.1% at end-2025).

Outlook and guidance

• Forward-looking statements are based on internal and external expectations, subject to market changes.

• The company aims to maintain stable growth in insurance premiums, enhance profitability through risk-based pricing, and continue digital innovation.

• No specific forward-looking financial guidance was provided in the semi-annual report.