DB Insurance (005830) Q1 2026 earnings summary

Executive summary

• Revenue for 1Q 2026 rose 16.2% year-over-year to KRW 5,578bn, but net income dropped 39.9% to KRW 269bn due to lower underwriting and investment profits.

• Operating profit decreased 28.5% year-over-year to KRW 463bn, reflecting challenging underwriting conditions.

Financial highlights

• Underwriting profit fell 43.7% year-over-year to KRW 227bn, while investment profit declined 3.2% to KRW 236bn.

• Long-term insurance segment revenue dropped 32.7% year-over-year to KRW 265bn.

• Auto direct premium written increased 3.7% year-over-year to KRW 1,131bn, but profit fell sharply.

• Commercial insurance profit decreased by 28.0% year-over-year.

Outlook and guidance

• Shareholder return rate is planned to increase to over 35% by 2028, up from 30% in 2025, contingent on maintaining a K-ICS ratio between 200% and 220%.