Db Insurance Co. Ltd · KRX:005830
Db Insurance — FY2024 Earnings Presentation
18 slides from Db Insurance's earnings presentation, Feb 21, 2025
Slide 1: 2024 Financial Results & 2025 Business Strategy
2024 Financial Results & 2025 Business Strategy February 21, 2025 Home Page : http://www.idbins.com
Slide 2: 1. 2024 Key Performance
1. 2024 Key Performance 1 2024 Key Financials 2 2024 Key Results - Long-Term - Auto/Commercial - Asset Management - Shareholder’s Equity 3 Shareholder return ※ Appendix: Premium by channels, Loan Status etc.
Slide 3: Performance overview
1 Performance overview Performance overview (단위:십억,%) (KRWbn,%) 4Q Cumulative Division '23 '24 '23 '24 G/R G/R Revenue* 4,266 5,146 20.6 17,784 18,831 5.9 U/W Profit 242 160 -33.8 1,550 1,619 4.5 Investment Profit 93 124 34.1 467 744 59.3 Operating Profit 335 284 -15.0 2,017 2,363 17.2 Net Income be
Slide 4: Key indicators – Long-Term
2 Key indicators – Long-Term Long-Term (KRWbn,%) 4Q Cumulative Division '23 '24 '23 '24 G/R G/R Long-Term 281 143 -49.0 1,351 1,346 -0.4 CSM Amortization 327 282 -13.8 1,264 1,287 1.8 RA Change 26 37 42.5 111 132 18.7 Claim Variance 83 -78 N/A 231 69 -70.4 Expense Variance -40 -24 -41.2 -16 -14 -11.
Slide 5: Key indicators – Long-Term
2 Key indicators – Long-Term New Monthly Premium New contract CSM multiple by products (KRW bn) (KRW bn, times) 4Q Cumulative Product New premium CSM multiple Division ’23 ‘23 ‘24 ‘23 ‘24 Protection-type 14.2 17.8 Accident 37.3 8.8 10.7 37.3 41.0 Saving-type 0.8 3.9 Driver’s 33.8 9.2 7.0 33.8 28.0 S
Slide 6: Key indicators – Auto/Commercial
2 Key indicators – Auto/Commercial Auto Direct Premium Written & Profit Loss Ratio Major 3 factors * Direct P is based on IFRS4 (KRW bn %) (%,%p) Premium Earned per Vehicle (%) Loss Frequency Loss Amount per Accident -2.6 -4.1 +2.3 4,576 (G/R) 4,458 1,142 +4.5 86.0 +0.0 -1.1 -1.1 -1.2 1,095 83.7 (+6
Slide 7: Key indicators – Asset Management
2 Key indicators – Asset Management Invested Asset Portfolio Bond Portfolio(Domestic) (As of Dec.’24) (KRW bn,%) Dec.’23 ’24.Dec Pct. Pct. Corp Bonds 34.3% Invested Assets 44,932 100.0 49,627 100.0 14.4trill Gov Bonds 44.1% Cash & 29.0% 994 2.2 750 1.5 Deposits Finance Equity Stocks 816 1.8 1,173 2.
Slide 8: Key indicators – Asset Management
2 Key indicators – Asset Management Investment & Running Yield Portfolio Composition Investment Yield Running Yield (%) Real Estates(2.6) +0.20 3.96 +0.19 3.70 Investments in 2.6 2.4 2.1 3.51 Subsidiaries(1.9) AC 24.9 26.2 3.11 -0.11 +0.25 3.25 3.00 43.5 44.8 '22 '23 '24.Dec FVOCI * IFRS17 & IAS39 b
Slide 9: Key indicators – Shareholder's Equity
2 Key indicators – Shareholder’s Equity K-ICS K-ICS Status & details (Consolidated) (%, trill) Dec.’24*(Estimated) 233.1 229.2 229.6 228.8 Division Sep.’24 Compared 201.5 to Quarter K-ICS 228.8% 201.5% △27.3%p (Consolidated) 19.6 19.9 20.2 20.5 19.0 Available Capital 20.5 trill 19.0 trill △1.5 trill
Slide 10: Shareholder return – Dividend
3 Shareholder return – Dividend Dividend Shareholders Breakdown (As of Dec,’24) Net Profit DPR DPS Total dividend 1,772 1,537 408 777 318 276 6,800 5,300 Domestics & Others 3 Major 4,600 14.0 Shareholders 28.2 20.7 23.0 18.1 '22 '23 '24 (KRW bn, %) ‘20 ‘21 ‘22 ’23 ’24 Dividend Payout (%) Treasury 26
Slide 11: Ⅱ. 2025 Business Outlook
Ⅱ. 2025 Business Outlook 1. Business Environment and Strategic Direction 2. 2025 Business Strategy
Slide 12: 1. Business Environment and Strategic Direction
1. Business Environment and Strategic Direction Business Environment Strategic Direction Establishing a solid sustainable management system “Continuing business uncertainty amid expanding centered on efficiency macro-economy volatility” ➢ Promoting profitability-based growth strategies by - Continui
Slide 13: 2. 2024 Business Strategy Long-term & Auto
2. 2024 Business Strategy Long-term & Auto Business Plan Key Indicators ■ Strategic product, rate, and channel operation to increase CSM ⚫ 13 & 25th persistency rate (unit: %) Long-Term - Expansion of competitive advantage by developing of differentiated 88.6 13th new areas - Strategic product mix o
Slide 14: 2. 2024 Business Strategy Commercial & Investment
2. 2024 Business Strategy Commercial & Investment Business Plan Key Indicators ■ Building a foundation for growth based on structural profitability - Strengthening profitability management such as continuing ⚫ Commercial L/R (unit: %) Commercial risk-centered U/W - Securing a stable net profit struc
Slide 15: Dream Big,
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Slide 16: Appendix – Premium by channels
Appendix – Premium by channels (L-T) New Monthly Premium by Channels 4Q 1~4Q 4Q 1~4Q (KRWbn,%) ‘23 (KRWbn,%) ‘23 ‘23 ‘24 ‘23 ‘24 ‘23 ‘24 ‘23 ‘24 Sum 154 39 47 154 170 전체 소계 164 42 49 164 179 Pct. 100.0 100.0 100.0 100.0 100.0 Total 100.0 100.0 100.0 100.0 100.0 Tied 73 17 20 73 75 Pct. 79 19 21 79 8
Slide 17: Appendix – Loan Status
별첨Appendix - 대출현황 – Loan Status Loan Portfolio Loan Quality (KRW bn,%) Dec.’23 Dec.’24 (KRW bn,%) Dec.’22 Dec.’23 Dec.’24 Pct. Pct. Pct. Pct. Pct. Sum 1,325 15.6 985 8.9 Normal 13,442 99.6 10,407 91.8 12,783 96.5 Real Precautionary 48 0.4 246 2.2 345 2.6 485 6.7 476 3.8 Estates Substandard Retail 3
Slide 18: Disclaimer
Disclaimer • The enclosed information is the property of DB Insurance Co., Ltd. (hereby “DB”). • Its contents are confidential, proprietary and legally privileged information. • The recipient(s) of the enclosed information may not, directly or indirectly, disclose, distribute, incorporate, or copy a