The company said total AUM rose $100.7 billion (10%) from a year earlier to $1.1 trillion as of June 30, 2024, and total AUA rose $50.4 billion (20%) to $298.4 billion.

1. 01

   The company said total AUM rose $100.7 billion (10%) from a year earlier to $1.1 trillion as of June 30, 2024, and total AUA rose $50.4 billion (20%) to $298.4 billion.

2. 02

   The company said pretax income for the quarter ended June 30, 2024 decreased $76 million (7%) from the prior-year period. It said the market impact on non-traditional long-duration products was an expense of $60 million, compared with a benefit of $127 million in the prior-year period.

3. 03

   The company said Management and financial advice fees increased $257 million (12%) and Net investment income increased $110 million (14%) in the same quarter. The company cited market appreciation, wrap account net inflows and the trend in rising interest rates on investment portfolio yields as factors.

4. 04

   The company said net cash provided by operating activities was $3.2 billion for the 6 months ended June 30, 2024, up from $1.6 billion a year earlier. It said it paid regular dividends of $294 million and repurchased 2.5 million shares at an average price of $421.15.

Key figures

Quarter ended June 30, 2024

Revenue

$4.4B

Net income

$829M

EPS

$8.02

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.