Mirae Asset Life: Q1 2026 Net Profit KRW 53.4B, Massive Treasury Share Cancellation

Consolidated Q1 2026 net profit KRW 53.4B (separate KRW 48.5B), operating profit KRW 68.4B
Treasury share cancellation: March 13 (10M common, 21.13M preferred) and April 8 (31.84M common). Total shares reduced from 167M to 135M
Solvency ratio: 176.7% as of end-2025 (Q1 2026 figure pending, expected by end-May)
Investment yield improved to 4.09% (vs 2.86% YoY), operating assets KRW 17.7T
Insurance contract margin amortization KRW 53.7B, risk adjustment amortization KRW 11.3B; insurance result -KRW 0.2B, investment result KRW 68.6B
Securities valuation gains of KRW 209.2B recognized; FVTPL financial assets KRW 17.0T
Litigation risk: Supreme Court remand hearing on immediate annuity product (claim amount KRW 3.6B). Multiple other lawsuits with low probability of loss