Hyundai Marine & Fire: Q1 net profit up, solvency ratio improves to 207.2%, treasury share cancellation underway

Consolidated net profit for Q1 2026: KRW 236.4bn (separate KRW 223.3bn, +9.5% YoY)
K-ICS solvency ratio improved to 207.2% from 190.1% at end-2025 (+17.1%p)
Treasury share cancellation: On April 3, 2026, canceled 4,151,750 shares and sold 894,000 shares; remaining treasury shares: 5,939,750
Dividend: Currently not feasible due to IFRS17/K-ICS impact; plans to resume dividends and continue share buybacks/cancellations for shareholder returns
Gross written premiums: KRW 106.2tn (+4.4% YoY); insurance profit: KRW 302bn (long-term 265.8bn, general 50.2bn, auto -14.0bn)
Investment income declined to KRW 21.7bn from KRW 116.2bn in Q1 2025, but net profit increased due to improved insurance profit