The company said net income for the quarter ended December 31, 2024 was $2.082 billion, or $8.96 per diluted share, and core income was $2.126 billion, or $9.15 per diluted share. In the prior-year quarter, net income was $1.626 billion and core income was $1.633 billion.

1. 01

   The company said net income for the quarter ended December 31, 2024 was $2.082 billion, or $8.96 per diluted share, and core income was $2.126 billion, or $9.15 per diluted share. In the prior-year quarter, net income was $1.626 billion and core income was $1.633 billion.

2. 02

   The company said the combined ratio for Q4 was 83.2%, an improvement of 2.6 points from the prior-year quarter, and the underlying combined ratio was 84.0%, an improvement of 1.9 points. It cited the improvement in the underlying combined ratio and net favorable prior year reserve development (1.1 points) as factors in the combined ratio improvement, and said catastrophe losses weighed on it by 0.4 points.

3. 03

   The company said full-year 2024 net income was $4.999 billion, and net written premiums were $43.356 billion, up 8%. It said operating cash flow for the full year was $9.074 billion, a record level.

4. 04

   The company said shareholders’ equity as of December 31, 2024 was $27.864 billion, and book value per share was $122.97. In Q4, it repurchased 1.0 million shares for a total of $252 million, and it declared a regular quarterly dividend of $1.05 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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