Hanwha General Insurance Files Routine Conglomerate Disclosure: Stable Financials but High Debt Ratio of 645%
Hanwha General Insurance (CEO Na Chae-beom) has submitted its annual conglomerate status disclosure under the Fair Trade Act, a routine report as a member of the Hanwha Group.
As of the end of the previous fiscal year, total assets stood at KRW 20.28 trillion, total liabilities at KRW 17.56 trillion, and total equity at KRW 2.72 trillion, resulting in a debt ratio of 645.52%. This high leverage is typical for the insurance industry.
Annual operating revenue was KRW 6.98 trillion, operating profit KRW 488.46 billion, and net profit KRW 361.06 billion, demonstrating stable profitability.
Hanwha Life Insurance holds 51.36% of common shares as the largest shareholder, and the combined stake of the controlling shareholder group (Hanwha Group) is 52.44%. Treasury shares represent only 0.96%.
Various board committees (risk management, internal transactions, compensation, audit, ESG, etc.) are operational. The company has adopted electronic voting, with general shareholder voting participation at 4.00%.
Restricted Stock Units (RSUs) totaling 568,722 shares have been granted to registered executives as part of a long-term performance-based compensation plan.
KOSPI Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]