Hanwha Life Insurance (088350) Q4 2025 earnings summary

Executive summary

• Achieved solid new business CSM driven by stronger product margins and improved sales efficiency, with enhanced consolidated net income fundamentals through global business expansion.

• Focused on customer-centric management and future growth drivers for sustainable development.

Financial highlights

• Consolidated net income reached KRW 836bn, supported by strong subsidiary performance.

• New business APE was KRW 3.65tn, maintaining robust protection APE sales.

• Insurance profit was KRW 344bn, while investment profit was KRW 87bn, impacted by hedging in variable accounts.

• Investment yield stood at 3.20%.

Outlook and guidance

• FY26 guidance targets new business CSM of KRW 2tn, in-force CSM of KRW 9tn, insurance profit of KRW 500bn, and K-ICS ratio of 160%.

• Plans to focus sales on high-margin protection products and improve CSM stability.