DB Insurance Q3 Net Profit Drops 35.4% Year-on-Year to 239 Billion Won

by Choi Donghyeon

Published 14 Nov.2025 14:00(KST)

DB Insurance announced on November 14 that its standalone net profit for the third quarter of this year was 23.9 billion won, a decrease of 35.4% compared to the same period last year.

The cumulative net profit for the first three quarters was 1.1999 trillion won, down 24% year-on-year.

Insurance profit for the third quarter stood at 102.1 billion won, a decline of 71.7% from the same period last year.

DB Insurance Headquarters. DB Insurance

In general insurance, despite one-off incidents such as the fire at the National Information Resources Service, the company posted a profit of 8.5 billion won for the third quarter. However, on a cumulative basis, it recorded a loss of 49.8 billion won.

For long-term insurance, the company posted a profit of 149.4 billion won in the third quarter, mainly due to an increase in the loss ratio for long-term risk and a widening negative gap between expected and actual insurance claims. This represents a 58.6% decrease compared to the same period last year.

The loss ratio for auto insurance increased due to a rise in vehicle usage and a continued decline in earned premium per vehicle, resulting from a reduction in base rates. As a result, auto insurance profit for the third quarter turned to a loss of 56 billion won.

Driven by new protection-type sales, the Contractual Service Margin (CSM) reached 13.5 trillion won as of the end of the third quarter, up 10.1% from the end of last year.

Investment profit was 301.1 billion won, an increase of 23% year-on-year. The company continued to achieve stable investment operating profit based on selective alternative investments focused on structural profits from bonds and other assets.

As of the end of September, the risk-based capital ratio (K-ICS) stood at 226.5%.