Hyundai Marine & Fire Insurance Co., Ltd.KRX: 001450

Hyundai Marine & Fire Insurance: Net income up 33%, solvency ratio stable, no FY2024 dividend due to capital rules

· Issued by Hyundai Marine & Fire Insurance Co., Ltd.

Insurance revenue rose 4.7% and net income jumped 33.4% year-over-year, driven by strong long-term insurance performance, while the solvency ratio declined but remains above regulatory minimums. No dividend will be paid for FY2024 due to capital constraints, and the external auditor issued an unqualified opinion.

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