Seoul Guarantee Insurance Co., Ltd. (KRX:031210)

Seoul Guarantee 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	2,027,310	1,965,160	1,938,901	1,907,596	1,678,630	1,591,138
Total Interest & Dividend Income	255,928	244,277	216,398	189,393	68,584	163,305
Gain (Loss) on Sale of Investments	52,505	70,849	66,202	15,170	25,527	72,753
Other Revenue	43,180	31,385	39,101	50,462	185,733	246,084
Total Revenue	2,378,923	2,311,671	2,260,602	2,162,620	1,958,474	2,073,281
Revenue Growth (YoY)	4.40%	2.26%	4.53%	10.42%	-5.54%	-6.36%
Policy Benefits	1,885,954	1,867,360	1,564,566	1,207,322	711,661	1,044,076
Policy Acquisition & Underwriting Costs	2,075	2,075	2,099	298.48	114,273	108,269
Amortization of Goodwill & Intangibles	16,329	16,329	17,135	16,191	16,761	13,552
Depreciation & Amortization	362.42	362.42	355.13	299.26	309.7	308.69
Selling, General & Administrative	41,063	37,636	37,275	57,335	112,464	96,435
Provision for Bad Debts	-5,483	-5,483	-6,600	-9,587	-7,572	-12,359
Other Operating Expenses	71,882	73,693	50,738	67,743	127,270	137,251
Reinsurance Income or Expense	-	-	-	-	-61,735	-54,853
Total Operating Expenses	2,049,971	2,033,825	1,710,589	1,391,986	1,291,875	1,595,489
Operating Income	328,952	277,846	550,013	770,635	666,600	477,792
Interest Expense	-5,677	-5,376	-5,587	-4,778	-5,649	-6,190
Earnings From Equity Investments	1,752	1,752	404.83	3.6	-2,226	684.96
Currency Exchange Gain (Loss)	16,584	47,542	8,992	23,929	13,350	-10,855
Other Non Operating Income (Expenses)	-7,641	-3,940	-11,386	-8,014	-5,694	-7,291
EBT Excluding Unusual Items	333,970	317,824	542,436	781,776	666,381	454,141
Gain (Loss) on Sale of Investments	-31,079	-34,866	-22,717	-73,765	-19,290	-27,653
Gain (Loss) on Sale of Assets	-0.7	-0.7	1,332	95.66	817.6	965.72
Asset Writedown	-	-	-	-99.69	-21.59	-39
Pretax Income	302,890	282,957	521,051	708,007	647,887	427,414
Income Tax Expense	73,504	69,683	103,118	162,792	191,323	99,204
Earnings From Continuing Ops.	229,386	213,274	417,933	545,215	456,564	328,210
Minority Interest in Earnings	159.66	-173.93	-273.82	-360.28	-434.85	-209.71
Net Income	229,546	213,100	417,659	544,855	456,129	328,001
Net Income to Common	229,546	213,100	417,659	544,855	456,129	328,001
Net Income Growth	-19.00%	-48.98%	-23.34%	19.45%	39.06%	-24.22%
Shares Outstanding (Basic)	70	70	70	70	70	70
Shares Outstanding (Diluted)	70	70	70	70	70	70
Shares Change (YoY)	0.03%	-	-	-	-	-
EPS (Basic)	3286.92	3052.07	5981.80	7803.53	6532.78	4697.70
EPS (Diluted)	3286.92	3052.07	5981.80	7803.53	6532.78	4697.70
EPS Growth	-19.03%	-48.98%	-23.34%	19.45%	39.06%	-24.22%
Free Cash Flow	276,923	304,904	528,923	770,030	926,089	394,639
Free Cash Flow Per Share	3965.32	4366.90	7575.34	11028.54	13263.65	5652.11
Dividend Per Share	2865.000	2865.000	-	-	-	-
Operating Margin	13.83%	12.02%	24.33%	35.63%	34.04%	23.04%
Profit Margin	9.65%	9.22%	18.48%	25.19%	23.29%	15.82%
Free Cash Flow Margin	11.64%	13.19%	23.40%	35.61%	47.29%	19.04%
EBITDA	389,170	319,922	592,192	812,562	705,958	513,536
EBITDA Margin	16.36%	13.84%	26.20%	37.57%	36.05%	24.77%
D&A For EBITDA	60,218	42,076	42,179	41,927	39,358	35,744
EBIT	328,952	277,846	550,013	770,635	666,600	477,792
EBIT Margin	13.83%	12.02%	24.33%	35.63%	34.04%	23.04%
Effective Tax Rate	24.27%	24.63%	19.79%	22.99%	29.53%	23.21%

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