Shinhan Financial Group resolved at its board meeting to acquire 77.04% of Lotte Non-Life Insurance's shares for approximately KRW 693.3 billion.

Shinhan Financial Group resolved at its board meeting on October 13, 2026 to acquire 77.04% of Lotte Non-Life Insurance's shares in cash. The company said it will incorporate Lotte Non-Life Insurance as a subsidiary through this acquisition and pursue strengthened competitiveness of the financial group. However, the final acquisition amount and scheduled acquisition date will be finalized following the progress of relevant procedures including regulatory approvals from financial supervisory authorities.

1. 01

   Shinhan Financial Group resolved at its board meeting on October 13, 2026 to acquire 77.04% of Lotte Non-Life Insurance's shares.

2. 02

   The acquisition method is a cash purchase. The company said it will incorporate Lotte Non-Life Insurance as a subsidiary through this acquisition and pursue strengthened competitiveness of the financial group.

3. 03

   The scheduled acquisition date is not yet confirmed and will be finalized following the progress of relevant procedures including regulatory approvals from financial supervisory authorities.

4. 04

   The acquisition amount may change and will be finalized at the completion of the transaction under the definitive agreement.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Stake Acquired

77.04%

Shares Acquired

239,082,287 shares

Acquisition Amount

Approximately KRW 693.3 billion

Acquisition Amount as Percentage of Equity

1.15%

Filing facts

Filing type

Investment

Report name

Decision on Acquisition of Shares in Another Company (Voluntary)

Filed

Oct 13, 2026

Receipt number

20261013800171