Hanwha Life stock: nine-month profit rises 12.6%

Published on 11/13/2026 at 02:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hanwha Life stock is in focus after stronger underwriting lifted nine-month earnings. New-business margins and capital strength improved despite investment losses.

Core insurance gains offset investment loss

Insurance profit rose 176 percent in the first three quarters as Hanwha Life shifted its product mix toward protection policies.
The K-ICS solvency ratio reached 171 percent at the end of the third quarter, while investment losses remained a drag.

Hanwha Life, KR7088350004, Illustration mit AI erstellt.

Hanwha Life said on Thursday, November 12, that consolidated net income for the first three quarters rose 12.6 percent year on year to 865.6 billion South Korean won. The Asia Business Daily reported that stronger insurance operations drove the increase.

Underwriting drives earnings growth

Insurance profit climbed 176 percent to 385.1 billion won. Hanwha Life attributed the improvement to a product portfolio reshaped toward profitability and stronger sales of protection products, including medium- and long-term whole life and health insurance.

New-business contract service margin reached 2.086 trillion won, up more than 40 percent from 1.49 trillion won a year earlier. The increase points to a larger pool of expected future insurance profit from recent contracts.

Investment losses remain a drag

Investment losses totaled 107.3 billion won in the first three quarters. The company linked the pressure to exchange-rate and stock-market volatility, while saying recurring asset-management earnings remained supported by interest and dividend income and higher managed-asset yields.

The K-ICS ratio rose three percentage points from the first half to 171 percent at the end of the third quarter. For investors, the stronger solvency position and underwriting result provide support for the earnings profile, but market-sensitive investment results remain a source of volatility.

Business spans insurance and finance

Hanwha Life Insurance is a Seoul-based life insurer offering whole life, term life, health, accident, annuity, savings, direct and group insurance. Its wider activities include loans, funds, trust products and, through subsidiaries, non-life insurance, asset management, financial investment and real estate services. The company operates in a diversified Korean insurance peer group that includes Samsung Life, Kyobo Life and Mirae Asset Life, with Hanwha Life combining broad protection coverage with related financial businesses.