Hanwha General Insurance Co., Ltd. (KRX:000370)

Hanwha General Insurance Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	5,002,152	4,876,658	4,417,821	4,084,693	4,876,179	4,855,497
Total Interest & Dividend Income	433,844	422,567	392,373	349,957	532,177	531,437
Gain (Loss) on Sale of Investments	183,671	164,992	138,229	110,002	64,630	89,314
Other Revenue	209,235	204,124	207,809	239,239	71,505	168,922
Total Revenue	5,828,901	5,668,341	5,156,232	4,783,891	5,544,491	5,645,171
Revenue Growth (YoY)	10.88%	9.93%	7.78%	-13.72%	-1.78%	7.45%
Policy Benefits	3,104,484	3,009,106	3,086,789	2,987,147	3,981,951	4,042,525
Policy Acquisition & Underwriting Costs	1,078,172	1,027,899	769,864	565,947	619,047	613,800
Amortization of Goodwill & Intangibles	20,179	20,456	20,234	19,696	18,741	17,154
Depreciation & Amortization	134.55	-	-	-	2,106	2,109
Selling, General & Administrative	641,512	635,187	506,564	483,783	324,961	302,589
Other Operating Expenses	196,673	228,610	118,862	121,852	270,510	231,359
Reinsurance Income or Expense	-	-	-	-	-5,920	-6,476
Total Operating Expenses	5,357,713	5,247,486	4,784,087	4,434,650	5,467,542	5,463,991
Operating Income	471,188	420,855	372,145	349,242	76,949	181,179
Interest Expense	-29,974	-22,120	-34,753	-34,539	-22,699	-22,641
Earnings From Equity Investments	3,234	2,753	1,782	1,113	6,212	-
Currency Exchange Gain (Loss)	171,594	204,417	64,445	71,916	111,003	-41,510
Other Non Operating Income (Expenses)	-1,208	875.64	-474.24	425.04	312.38	-359.19
EBT Excluding Unusual Items	614,835	606,781	403,145	388,157	171,778	116,670
Gain (Loss) on Sale of Investments	-160,079	-167,417	-95,313	-181,771	-30,936	-46,696
Gain (Loss) on Sale of Assets	43.43	124.73	-235.68	69,386	-44.79	1,040
Asset Writedown	-	-	-	237.26	-1,230	-
Pretax Income	454,799	439,489	307,596	276,010	139,567	71,013
Income Tax Expense	119,789	123,522	94,839	88,746	44,699	22,763
Earnings From Continuing Ops.	335,010	315,967	212,757	187,264	94,867	48,250
Minority Interest in Earnings	26,505	27,038	34,482	34,928	27,117	13,012
Net Income	361,515	343,006	247,239	222,191	121,984	61,262
Preferred Dividends & Other Adjustments	14,375	15,850	20,582	17,619	12,320	11,433
Net Income to Common	347,140	327,156	226,657	204,572	109,664	49,829
Net Income Growth	33.58%	38.73%	11.27%	82.15%	99.12%	-
Shares Outstanding (Basic)	154	154	155	127	117	117
Shares Outstanding (Diluted)	154	154	155	127	117	117
Shares Change (YoY)	-0.54%	-0.31%	22.30%	8.38%	-	-
EPS (Basic)	2255.66	2120.83	1464.77	1616.85	939.40	426.84
EPS (Diluted)	2255.66	2120.83	1464.77	1616.85	939.00	426.84
EPS Growth	38.12%	44.79%	-9.41%	72.19%	119.99%	-
Free Cash Flow	1,148,754	1,363,961	1,562,017	-15,109	1,217,231	1,501,753
Free Cash Flow Per Share	7464.43	8842.06	10094.53	-119.41	10426.95	12864.21
Operating Margin	8.08%	7.42%	7.22%	7.30%	1.39%	3.21%
Profit Margin	5.96%	5.77%	4.40%	4.28%	1.98%	0.88%
Free Cash Flow Margin	19.71%	24.06%	30.29%	-0.32%	21.95%	26.60%
EBITDA	567,595	516,791	454,916	422,240	145,033	244,880
EBITDA Margin	9.74%	9.12%	8.82%	8.83%	2.62%	4.34%
D&A For EBITDA	96,406	95,936	82,771	72,998	68,084	63,700
EBIT	471,188	420,855	372,145	349,242	76,949	181,179
EBIT Margin	8.08%	7.42%	7.22%	7.30%	1.39%	3.21%
Effective Tax Rate	26.34%	28.11%	30.83%	32.15%	32.03%	32.05%

Updated Nov 13, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.