Hanwha Life posts 29% rise in 1Q2026 net profit to KRW 381.6 billion... Solvency ratio improves to 220.8%, strengthening financial health

Consolidated net profit for Q1 2026 rose 29% year-on-year to KRW 381.6 billion, driven by increased amortization of contractual service margin (CSM) and expanded investment income.
The K-ICS solvency ratio on a consolidated basis improved to 220.8% from 215.8% a year earlier, reflecting stronger financial health partly due to the impact of rising interest rates on insurance liabilities.
On a separate basis, the solvency ratio rose to 162.1% from 157.5% at the end of last year, maintaining a capital level well above regulatory requirements.
Consolidated CSM stood at KRW 13.4 trillion, providing a stable foundation for future earnings, with new business CSM remaining solid driven by protection-oriented products.
Total consolidated assets were KRW 177.8 trillion and equity was KRW 17.8 trillion, with equity increasing from the previous period due to net profit and other comprehensive income gains.
[AI Comprehensive Analysis]This quarterly report confirms Hanwha Life's solid profitability and financial health, particularly the improvement in the solvency ratio and CSM growth. However, the slight decrease in consolidated assets and volatility in investment gains due to interest rate changes warrant monitoring going forward.