[Edaily Reporter Kim Se-yeon ] DB Insurance ( DB INSURANCE(005830)) posted a net profit of 444 billion won in the third quarter of this year, a 35% increase from the same period last year, driven by improved insurance earnings. Overall performance grew despite a decline in investment gains, as auto insurance and general insurance returned to profitability and the profitability of long-term insurance improved.

DB INSURANCE announced on the 12th that its consolidated net income for the third quarter of this year was 444 billion won, a 35.3% increase compared to the same period last year. Operating profit for the same period rose 40.1% to 618.3 billion won.
Insurance profit surged 302.6% year-over-year to 467.3 billion won. In contrast, investment profit fell 53.6% to 151.0 billion won.
By insurance segment, on a standalone basis, net income from long-term insurance reached 309 billion won, a 35.5% increase compared to the same period last year. This was driven by a reduction in losses from the difference between estimated and actual claims, as well as the stabilization of the loss ratio due to premium adjustments and measures to enhance profitability.
Profit from auto insurance reached 15.5 billion won, marking a return to profitability from the 55.8 billion won deficit recorded in the third quarter of last year. The loss ratio improved as seasonal factors, such as heavy rainfall, were less pronounced than last year. General insurance also posted a profit of 6.2 billion won, driven by adjustments to reinsurance strategies and stricter underwriting standards.
Cumulative consolidated net income for the first three quarters of this year was 1.5605 trillion won, a 10.5% increase compared to the same period last year. Cumulative insurance profit and loss rose 55.8% to 1.3008 trillion won, while investment profit and loss decreased 11.7% to 904.4 billion won.
The Solvency Margin Ratio (K-ICS), a capital adequacy indicator, stood at 212.0%, maintaining the company’s target management range of 180–220%. The Contract Service Margin (CSM) balance reached 13.4 trillion won, an increase of 836.6 billion won from the end of last year.
DB INSURANCE stated, “In the remaining fourth quarter, we plan to strengthen the competitiveness of our core insurance business and expand overseas revenue sources based on the U.S. insurer Potegra.”