Tongyang Life 2026 Q1 Results: Improved Solvency Ratio, Share Cancellation, Dividend Restriction

Consolidated net income for Q1 FY2026: KRW 25.0 billion (standalone: KRW 26.7 billion)
K-ICS solvency ratio improved to 185.8% (end-FY2025: 179.8%, FY2024: 155.5%)
NPL ratio low at 0.11%, liquidity ratio 448.1%
Completed cancellation of 5,296,004 treasury shares (3.28% of issued shares) on April 30, 2026
Comprehensive share exchange with parent Woori Financial Group in progress
Dividend: Restricted due to insufficient legally distributable profits
ROA 0.3%, ROE 6.3% (standalone)
Pending lawsuits: insurance claim and illegal distribution return (total approx. KRW 4.2 billion)
Accounting policy change: applied revaluation model for land, resulting in KRW 21.0 billion revaluation gain (consolidated)