1. South Korea Stocks

  2. •

    Financial Services

  3. •

    Insurance - Property & Casualty
Heungkuk Fire&Marine Insurance Co., Ltd.

Heungkuk Fire&Marine Insurance Co., Ltd.

000540.KS
Heungkuk Fire&Marine Insurance Co., Ltd.KR flagKorea Exchange
3,305.00
KRW
+270.00
- -
212.32BMarket Cap
Heungkuk Fire&Marine Insurance Co., Ltd.
000540.KS
(Korea Exchange)

Recent

price

3,305.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
53,750.3
49,887.64
55,458.27
43,223.43
57,849.53
63,985.92
47,532.55
63,004.44
56,010.87
36,352.9
34,212.81
40,659.53
37,688.99
42,556.3
37,179.99
39,571.55
46,023.15
Revenue per Share
-1,263
910.4
1,147
186
492
302
484
1,312.05
695
510
268
873
3,060
4,398
1,441
1,992
485.6
Basic EPS, GAAP
2,048.94
5,004.38
7,913.93
-790.75
9,873.71
8,314.84
14,984.75
15,189.47
12,628.67
10,315.95
9,532.8
5,138
4,953.29
5,074.78
11,634.32
9,554.89
10,528.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
80.66
72.25
69.59
61.88
73.79
121.75
192
174.21
289.59
387.65
Dividend per Share
979.35
2,979.55
4,083.01
4,272.34
4,703.08
5,008.39
5,491.26
6,729.88
6,651.6
6,846.29
6,294.47
8,304.51
9,520.74
11,843.66
12,013.05
13,386.06
15,654.58
Book Value per Share
1,896.18
2,910.26
5,347.83
3,830.49
5,572.48
6,265.21
8,014.74
9,267.11
9,005.16
9,017.79
7,716.23
8,732.52
37,244.15
19,465.1
9,692.14
10,425.36
13,506.86
Tangible Book Value per Share
51
62
64
64
65
65
65
65
73
75
85
71
68
67
74
76
65
Basic Weighted Avg Shares
2,761,863
3,096,510
3,562,674
2,774,433
3,767,274
4,163,958
3,093,937
4,095,959
4,065,100
2,739,583
2,899,280
2,889,714
2,552,542
2,859,729
2,753,590
3,013,338
2,980,213
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
0.51
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
7,231
9,849
8,445
8,359
12,204
11,423
12,629
15,698
13,794
21,350
19,345
25,263
26,402
31,923
31,659
29,335
28,790
Depreciation Expense
-64,897
56,508
73,684
11,939
32,040
19,653
31,504
85,297
50,441
38,434
22,711
62,045
207,243
295,540
106,722
151,689
31,445
Net Income, GAAP
- -
- -
- -
36.72
26.23
26.16
- -
19.17
15.6
12.63
14.12
23.68
21.4
22.31
25.75
19.23
22.89
Effective Tax Rate (%)
-2.35
1.82
2.07
0.43
0.85
0.47
1.02
2.08
1.24
1.4
0.78
2.15
8.12
10.33
3.88
5.03
1.06
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
65,000
82,000
102,000
141,641
150,969
201,390
206,142
205,791
315,387
384,561
384,444
384,413
314,598
314,795
414,147
264,356
319,005
LT Debt
112,142
210,336
369,685
290,751
401,583
442,022
552,258
629,336
682,034
711,961
723,769
690,648
2,592,783
1,368,531
772,659
836,868
917,062
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
3.96
8.75
5.35
- -
15.43
8.29
6.7
4.32
8.2
23.02
29.87
9.91
12.96
3.28
Return on Capital (%)
-78.51
48.04
32.95
4.45
11.04
6.22
9.22
21.46
10.96
7.7
4.33
11.04
33.56
41.03
12.66
15.89
3.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
264,311
264,356
319,005
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
4,608
4,608
4,608
Shares Outstanding
64
64
64
Market Capitalization
258,932
234,739
270,027

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
7,288,875
6,864,147
6,360,816
Accounts Receivable, Net
9,517
9,638
9,130
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.17%
37.68%
8.31%
Free Cash Flow
13.89%
15.17%
-15.56%
Net Income, GAAP
55.35%
85.61%
42.13%
Sales/Revenue/Turnover
-1.51%
1.15%
9.43%
Total Cash Common Dividend
- -
- -
70.92%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
610,687
702,678
802,483
637,742
2,753,590
2025
811,733
698,434
754,944
748,227
3,013,338
2026
778,608
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
572
672
1,669
- -
1,441
2025
1,808
196.32
410.03
- -
1,992
2026
-10.34
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27.93
63.25
28.94
- -
174.21
2025
28.95
116.69
76.37
- -
289.59
2026
77.29
- -
- -
- -
- -
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Business
Heungkuk Fire & Marine Insurance Co., Ltd. engages primarily in the non-life insurance business in South Korea. The company offers fire and property insurance; marine insurance; automobile insurance; medical and health insurance; injury, accident, driver, and children's insurance; travel and leisure insurance; pension, savings, and annuity insurance; long-term casualty insurance; group insurance; bancassurance products; and specialized insurance for individuals and corporations; as well as general loan products including insurance contract loans. Heungkuk Fire & Marine Insurance, founded in 1948 and headquartered at 68 Saemunan-ro, Jongno-gu, Seoul, South Korea, operates within the Taekwang Group and was formerly known as Heungkuk Ssangyong Fire & Marine Insurance Co., Ltd. prior to its name change in 2009. In recent years, Taekwang Industrial Co., Ltd., a key affiliate, acquired an additional 19.5% stake in the company from Heungkuk Life Insurance Co., Ltd. in 2022 for approximately KRW 490 billion, increasing its ownership to around 39.13% and strengthening group control. The company continues to focus on customer-oriented innovations such as direct online subscriptions and simplified claims procedures amid stable sector growth in corporate lending and premium increases.