Lotte Non - Life Insurance Co., Ltd. (KRX:000400)

KRX:000400 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,959,759	1,850,450	1,508,856	1,344,959	2,012,148	2,013,126
Total Interest & Dividend Income	498,469	491,180	512,412	534,692	122,011	269,838
Gain (Loss) on Sale of Investments	164,541	205,383	224,766	103,806	43,508	55,794
Other Revenue	115,802	53,278	97,930	87,222	142,647	667,883
Total Revenue	2,738,571	2,600,291	2,343,963	2,070,679	2,320,314	3,006,641
Revenue Growth (YoY)	4.98%	10.94%	13.20%	-10.76%	-22.83%	14.71%
Policy Benefits	1,964,022	1,808,983	1,191,870	1,344,194	1,614,871	2,216,063
Policy Acquisition & Underwriting Costs	13,210	8,457	3,058	3,595	253,787	311,522
Amortization of Goodwill & Intangibles	16,191	16,981	21,673	12,060	11,583	11,993
Depreciation & Amortization	8	8	8	8	11,812	10,315
Selling, General & Administrative	31,402	28,311	35,481	11,003	93,932	88,301
Other Operating Expenses	339,916	372,043	190,460	194,780	133,273	120,718
Reinsurance Income or Expense	-	-	-	-	-2,144	-3,035
Total Operating Expenses	2,372,392	2,269,757	1,471,232	1,580,914	2,210,260	2,828,575
Operating Income	366,179	330,534	872,731	489,765	110,054	178,066
Interest Expense	-312,092	-350,330	-349,868	-231,558	-21,179	-19,734
Earnings From Equity Investments	-407.47	-538.47	-541.23	-326.5	-	-
Currency Exchange Gain (Loss)	170,302	266,389	70,232	109,792	75,523	-20,374
Other Non Operating Income (Expenses)	-692.88	2,807	-1,411	-6,274	27,084	-1,528
EBT Excluding Unusual Items	223,288	248,861	591,144	361,399	191,482	136,430
Gain (Loss) on Sale of Investments	-153,211	-215,531	-217,661	-493,129	-34,994	-168,969
Pretax Income	70,077	33,330	373,483	-131,731	156,488	-32,539
Income Tax Expense	16,583	9,109	87,902	-32,528	36,610	-8,324
Net Income	53,494	24,221	285,580	-99,202	119,878	-24,215
Preferred Dividends & Other Adjustments	3,128	3,128	-	-	-	-
Net Income to Common	50,366	21,093	285,580	-99,202	119,878	-24,215
Net Income Growth	-42.12%	-91.52%	-	-	-	-
Shares Outstanding (Basic)	-	309	309	309	309	309
Shares Outstanding (Diluted)	-	309	309	309	309	309
Shares Change (YoY)	-	-	-	-	-	86.38%
EPS (Basic)	-	68.24	923.88	-320.93	387.82	-78.34
EPS (Diluted)	-	68.24	923.88	-320.93	387.82	-78.34
EPS Growth	-	-92.61%	-	-	-	-
Free Cash Flow	-482,595	-221,142	2,105,407	-417,851	103,305	49,114
Free Cash Flow Per Share	-	-715.42	6811.19	-1351.79	334.20	158.89
Operating Margin	13.37%	12.71%	37.23%	23.65%	4.74%	5.92%
Profit Margin	1.84%	0.81%	12.18%	-4.79%	5.17%	-0.80%
Free Cash Flow Margin	-17.62%	-8.51%	89.82%	-20.18%	4.45%	1.63%
EBITDA	402,678	367,375	913,020	516,507	134,037	201,118
EBITDA Margin	14.70%	14.13%	38.95%	24.94%	5.78%	6.69%
D&A For EBITDA	36,499	36,841	40,288	26,742	23,983	23,052
EBIT	366,179	330,534	872,731	489,765	110,054	178,066
EBIT Margin	13.37%	12.71%	37.23%	23.65%	4.74%	5.92%
Effective Tax Rate	23.66%	27.33%	23.54%	-	23.39%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.