[Edaily Reporter Kim Kyung-eun ] DB INSURANCE(005830)is trading higher in early trading on the 1st, buoyed by the announcement of its corporate value enhancement plan. The company announced it would raise its standalone shareholder return ratio to 50% by 2030 and increase its annual dividend per share (DPS) by at least 10% each year.

According to MP Doctor, as of 9:18 a.m. today, DB INSURANCE is trading at 194,100 won, up 13,000 won (7.18%) from the previous trading day.

Previously, on the 28th of last month, DB Inc. announced plans to expand its shareholder return target to 40% on a consolidated basis and 50% on a standalone basis by 2030, while also increasing the DPS by at least 10% annually. This effectively raises the shareholder return target—which was originally set to reach 35% on a standalone basis by 2028—by 15 percentage points to 50%.

Securities firms are also raising their target prices. Daol Investment & Securities raised its target price for DB Insurance from 260,000 won to 270,000 won today.

The day before, NH INVESTMENT & SECURITIES raised its target price for DB Insurance from 213,000 won to 256,000 won, while SamsungSecurities raised its target price from 220,000 won to 250,000 won. Shinhan Investment & Securities and LS SECURITIES also raised their target prices to 245,000 won and 230,000 won, respectively.

Jeong Jun-seop, an analyst at NH INVESTMENT & SECURITIES, explained, “We have reflected the narrowing gap in shareholder returns compared to leading peers in line with the new corporate value enhancement plan,” adding, “We are reducing the target price discount rate from 30% to 15%.”

He noted, “By setting management indicator targets within an achievable range, the company has secured room to further expand shareholder returns,” adding, “We view this announcement positively.” However, he commented, “It is regrettable that the company has reserved share buybacks and cancellations as an exceptional measure within its shareholder return strategy.”

Jeong Min-ki, an analyst at SamsungSecurities, noted, “While DB Insurance has ample distributable earnings, regulatory factors—such as changes in net asset value due to interest rate volatility and provisions for surrender refunds—still remain,” and pointed out, “Managing this volatility going forward will be key to ensuring predictability in shareholder returns.”