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  3. •

    Investment banks/Brokers
Meritz Financial Group Inc.

Meritz Financial Group Inc.

KKRX:138040
127,800.00
KRW
-2,800.00
(-2.14%)
14,479.06EPS
7.39P/E
17.40TMarket Cap
Nov 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,935.89
5,625.18
6,263.52
13,420.18
16,729.24
16,937.38
22,475.02
25,855.37
31,787.57
33,084.16
22,134.98
22,515.6
24,044.67
26,558.81
Basic EPS, GAAP
617.37
971
1,450
1,799
2,596
2,169
2,797
3,596
5,932
11,097
11,020
12,259
12,903
14,291.62
Free Cash Flow per Basic Share
-380.4
-8,558
-6,748.24
-2,289.56
-9,922.37
-23,653.75
-33,062.87
-32,107.56
-14,768.45
62,552.33
-7,150.81
-21,255.5
-36,570.29
-19,954.97
Dividend per Share
24.65
160.52
190.15
862.71
1,050.08
1,375.43
1,250.04
1,428.5
2,356.15
849.31
469.24
2,712.42
1,885.17
618.32
Book Value per Share
7,930.85
9,705.51
11,079.3
12,517.48
14,894.14
17,944.49
20,398.63
25,445.05
29,591.32
40,840.07
50,456.85
56,152.9
61,285.66
68,599.58
Tangible Book Value per Share
-4,400.36
792.22
3,512.2
6,151
9,452.49
13,281.69
16,269.41
21,786.83
26,301.76
39,956.55
49,919.26
55,624.45
60,671.87
67,845.83
Basic Weighted Avg Shares
248
245
305
140
143
145
142
136
133
125
185
188
178
168
Sales/Revenue/Turnover
976,019
1,376,807
1,909,900
1,885,249
2,384,963
2,453,307
3,201,061
3,521,073
4,229,173
4,149,226
4,101,095
4,235,512
4,286,708
4,473,869
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
219,577
271,824
267,109
202,320
180,489
151,843
157,065
153,792
147,355
88,689
86,785
83,915
89,255
97,257
Net Income, GAAP
153,095
237,660
442,140
252,721
370,092
314,170
398,370
489,716
789,222
1,391,722
2,041,749
2,306,096
2,300,360
2,407,443
Effective Tax Rate (%)
25.3
22.43
27.98
24.04
26.23
26.52
28.29
28.22
27.35
26.72
25.29
25.71
25.67
25.78
Profit Margin (%)
15.69
17.26
23.15
13.41
15.52
12.81
12.44
13.91
18.66
33.54
49.79
54.45
53.66
53.81
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,541,870
3,421,063
4,439,306
6,835,186
8,094,740
12,449,552
14,584,579
14,259,114
18,672,053
17,612,030
17,263,486
20,667,276
29,977,266
33,568,352
Total Equity
2,156,568
2,999,673
3,629,338
3,986,593
4,831,918
5,454,637
5,961,868
6,877,309
6,883,289
8,541,971
10,097,185
10,930,036
11,261,208
12,789,073
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
3.79
4.27
6.1
-0.17
-0.13
-0.08
0.05
0.26
0.84
2.51
7.32
7.73
6.18
5.83
Return on Common Equity (%)
16.12
20.61
30.28
15.25
19.4
13.87
15.26
16.06
22.33
32.12
28.11
23.44
22.53
22.38

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
168
165
165
Market Capitalization
19,049,962
18,355,843
17,400,153

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
9,292,380
11,475,629
11,542,374
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.23%
10.74%
3.03%
Free Cash Flow
2.16%
-81.27%
63.06%
Net Income, GAAP
23.51%
39.38%
-0.25%
Sales/Revenue/Turnover
9.01%
4.31%
1.21%
Total Cash Common Dividend
59.38%
85.9%
-34.13%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,105,327
1,256,582
1,175,591
736,422
4,235,512
2025
1,146,469
1,319,540
1,207,576
578,636
4,286,708
2026
1,214,154
1,473,503
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,058
3,863
3,485
1,892.72
12,259
2025
3,353
4,041
3,781.97
1,846.21
12,903
2026
4,007.49
4,670
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
60.94
2,453.47
82.85
107.85
2,712.42
2025
113.43
1,471.99
145.93
154.87
1,885.17
2026
149.12
168.78
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yong-Beom Kim
Full Time Employees
38
Sector
Finance
Industry
Investment banks/Brokers
Address
382, Gangnam-daero Seoul SL South Korea 06232
IPO Date
May 13, 2011
Website
meritzgroup.com
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Business
Meritz Financial Group Inc. is a South Korea-based financial services company primarily engaged in the insurance and asset management sectors. The company offers a comprehensive range of products including property and casualty insurance, life insurance, health insurance, and annuities through its subsidiaries. Meritz provides corporate and individual insurance solutions; asset management services including investment funds, private equity, and wealth management; and brokerage services. The company serves both domestic and international markets, operating primarily in South Korea with growing presence in regional markets. Founded in 1922 and headquartered in Seoul, Meritz Financial Group manages several core subsidiaries such as Meritz Fire & Marine Insurance, Meritz Life Insurance, and Meritz Asset Management. Over the past 1-2 years, Meritz Financial Group has focused on strategic expansions and partnerships aimed at diversifying its product portfolio and enhancing digital capabilities. Recent major developments include launching new insurance products tailored to emerging customer needs, expanding digital insurance platforms, and increasing investments in fintech collaborations to support innovation in underwriting and claims processing. The company’s strategic initiatives also involve partnerships to bolster asset management offerings and sustainable investment products, reflecting a shift towards incorporating environmental, social, and governance (ESG) considerations into its business practices. Meritz Financial Group operates in the financial services industry with a broad business segment that includes insurance underwriting, asset management, and financial advisory. Its target markets encompass individual consumers, corporate clients, and institutional investors. The company maintains a strong commitment to innovation and customer service, using technology-driven solutions to enhance client engagement and operational efficiency. Overall, Meritz Financial Group is a well-established, diversified financial services holding company, offering a wide spectrum of insurance and asset management products, with continued strategic emphasis on digital transformation and sustainable business growth.