Korean Reinsurance (003690) Q2 2026 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 3,829.4 billion, operating income of KRW 466.3 billion, and net income of KRW 347.2 billion for the half-year ended June 30, 2026, all showing significant year-over-year growth.

• Maintained strong credit ratings: A+ (Stable) from S&P, A (Stable) from A.M. Best, and A1 (Stable) from Moody's.

• No changes in the scope of consolidated subsidiaries; four subsidiaries remain consolidated.

Financial highlights

• Revenue increased by KRW 1,486 billion, operating income by KRW 2,125 billion, and net income by KRW 1,518 billion compared to the same period last year.

• Earnings per share (EPS) rose to KRW 1,730 from KRW 1,587 year-over-year.

• Cash and cash equivalents at period end: KRW 265.99 billion.

• Total assets: KRW 14,728.1 billion; total equity: KRW 4,019.8 billion.

• Insurance contract liabilities: KRW 9,752.3 billion.

Outlook and guidance

• Focus remains on portfolio diversification, profitability, and global expansion.

• Continued emphasis on stable dividend policy and capital strength.