DB Insurance Co., Ltd. (KRX:005830)

DB 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	15,125,733	14,929,919	13,918,308	13,266,596	15,390,577	14,431,110
Total Interest & Dividend Income	2,545,448	2,495,779	2,197,400	2,016,041	1,711,041	1,573,576
Gain (Loss) on Sale of Investments	519,961	512,004	521,838	134,890	253,696	415,786
Other Revenue	531,715	380,363	628,736	1,011,367	712,386	1,333,600
Total Revenue	18,722,857	18,318,064	17,266,282	16,428,894	18,067,700	17,754,072
Revenue Growth (YoY)	7.20%	6.09%	5.10%	-9.07%	1.77%	8.02%
Policy Benefits	14,454,991	14,076,409	13,257,842	11,878,514	12,546,633	12,042,154
Policy Acquisition & Underwriting Costs	69,796	65,877	49,962	49,379	2,013,072	2,067,829
Amortization of Goodwill & Intangibles	44,039	46,194	42,557	34,807	37,538	38,808
Depreciation & Amortization	13,171	10,615	10,494	18,304	18,548	23,088
Selling, General & Administrative	131,339	120,781	118,387	113,543	684,353	635,956
Other Operating Expenses	2,248,993	2,480,114	1,233,861	1,646,109	1,787,689	1,274,208
Reinsurance Income or Expense	-	-	-	-	-24,439	-28,532
Total Operating Expenses	17,041,724	16,891,535	14,810,251	13,777,068	17,588,088	16,532,528
Operating Income	1,681,132	1,426,529	2,456,032	2,651,826	479,612	1,221,544
Interest Expense	-493,019	-465,818	-381,226	-230,690	-79,062	-55,110
Earnings From Equity Investments	16,796	20,123	8,067	-7,388	34,859	26,548
Currency Exchange Gain (Loss)	1,493,385	1,873,603	432,671	685,407	824,696	-306,157
Other Non Operating Income (Expenses)	-1,681	113.36	7,786	-3,287	1,008	-3,242
EBT Excluding Unusual Items	2,696,613	2,854,551	2,523,331	3,095,867	1,261,113	883,582
Gain (Loss) on Sale of Investments	-394,534	-410,113	-267,391	-380,495	-116,845	-138,017
Gain (Loss) on Sale of Assets	-7,456	-7,445	-79	17,320	31,280	12,524
Asset Writedown	-	-	-39	-33,116	-29	-15,812
Pretax Income	2,294,623	2,436,992	2,255,821	2,699,575	1,175,519	742,278
Income Tax Expense	590,557	583,776	513,442	660,093	302,599	187,781
Earnings From Continuing Ops.	1,704,066	1,853,217	1,742,379	2,039,482	872,920	554,497
Minority Interest in Earnings	-1,826	-1,623	-3,810	-5,581	-3,397	-2,216
Net Income	1,702,240	1,851,594	1,738,569	2,033,901	869,523	552,281
Net Income to Common	1,702,274	1,851,594	1,738,569	2,033,901	869,523	552,281
Net Income Growth	-5.06%	6.50%	-14.52%	133.91%	57.44%	46.88%
Shares Outstanding (Basic)	60	60	60	60	60	61
Shares Outstanding (Diluted)	60	60	60	60	60	61
Shares Change (YoY)	-	-	-	-	-1.47%	-3.73%
EPS (Basic)	28350.69	30837.56	28955.17	33873.81	14481.55	9062.98
EPS (Diluted)	28350.69	30837.56	28955.17	33873.81	14481.55	9062.98
EPS Growth	-5.05%	6.50%	-14.52%	133.91%	59.79%	52.57%
Free Cash Flow	2,550,926	3,239,372	4,427,610	2,692,266	2,249,038	1,183,597
Free Cash Flow Per Share	42484.65	53950.45	73740.08	44838.61	37456.83	19422.95
Dividend Per Share	6800.000	6800.000	-	-	-	-
Operating Margin	8.98%	7.79%	14.22%	16.14%	2.66%	6.88%
Profit Margin	9.09%	10.11%	10.07%	12.38%	4.81%	3.11%
Free Cash Flow Margin	13.63%	17.68%	25.64%	16.39%	12.45%	6.67%
EBITDA	1,822,075	1,568,214	2,586,340	2,774,313	600,359	1,341,693
EBITDA Margin	9.73%	8.56%	14.98%	16.89%	3.32%	7.56%
D&A For EBITDA	140,943	141,685	130,308	122,487	120,747	120,149
EBIT	1,681,132	1,426,529	2,456,032	2,651,826	479,612	1,221,544
EBIT Margin	8.98%	7.79%	14.22%	16.14%	2.66%	6.88%
Effective Tax Rate	25.74%	23.96%	22.76%	24.45%	25.74%	25.30%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.