Hanwha Life Financial Services Achieves Record-High Revenue of 2.4 Trillion Won in 5 Years Since Launch

Secured 35,000 Agents
Over 5,600 High-Earning Agents
Achieved 100 Billion Won in Net Profit

Hanwha Life Financial Services (hereinafter referred to as HLFS) has achieved its highest-ever revenue just five years after its launch.

On March 26, HLFS announced that it recorded revenue of 2.4397 trillion won in 2025, the largest in its history. This figure is approximately 7.4 times higher than that of its first year in 2021 (328 billion won), and represents a 15.6% increase compared to the previous year (2.1096 trillion won). Hanwha Life previously became the first major insurer in Korea to separate manufacturing and sales, launching HLFS through this “manufacturing-sales separation” initiative.

Profitability has also shown a clear upward trend. After turning a profit for the first time in 2023, HLFS recorded a net profit of 115.8 billion won last year, achieving profits exceeding 100 billion won for the second consecutive year.

The growth of HLFS has also positively impacted the performance of its parent company, Hanwha Life. Hanwha Life’s annualized premium equivalent (APE) for new contracts more than doubled, increasing from 1.5731 trillion won in 2021 to 3.65 trillion won in 2025.

Indicators of soundness, such as the rate of incomplete sales, have also improved. The incomplete sales rate dropped from 0.05% in 2021 to 0.02% at the end of last year. This is significantly lower than the average of 0.077% among the top 30 corporate insurance agencies (GA).

The number of financial planners also surged. HLFS’s total number of financial planners, including those at its subsidiary GAs, reached 34,608. Even excluding subsidiaries such as People Life and IFC, the number of HLFS’s own financial planners increased by about 50%, from around 19,000 at launch to 27,453.

The proportion of high-income financial planners is also notable. As of last year, 5,606 financial planners earned more than 100 million won annually, and the average annual salary for all financial planners was calculated at 84.4 million won.

Choi Seungyoung, CEO of Hanwha Life Financial Services, stated, “By pioneering the path of manufacturing-sales separation, which no one had previously taken, and by dedicating ourselves to providing customers with the best products, we have been able to achieve these results. Moving forward, as a leading company in the GA industry, we will continue to set new standards for consumer protection and ethical management.”

This content was produced with the assistance of AI translation services.