Balance Sheet Lotte Non - Life Insurance Co., Ltd.

Equities

A000400

KR7000400002

Property & Casualty Insurance

End-of-day quote Korea S.E. Other stock markets 2024-09-09			5-day change	1st Jan Change
2,565.00 ^KRW	+1.38%		-4.29%	+7.32%

06-28	South Korean Shares Rise on Upbeat Economic Data; Woori Financial, Tongyang Life Insurance Shares Jump on Takeover Deal	MT
06-28	Lotte Non-Life Insurance Shares Plunge Nearly 23% on Woori Financial's Indecision Around Acquisition	MT

307e.wxwzkelJzRAhYXv1JMLubv3hwRDQPs2Y0JTy6f5Duf0.mXRR2dw9giRHMhrFa7i4JpCokXm3b4iupsLEscsQ8M2JdEHOqnmeZFYxSw

Published financial data: LOTTE NON - LIFE INSURANCE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	2,105B	2,013B	2,012B	2,055B	1,528B
Total Interest And Dividend Income	308B	270B	122B	57.12B	512B
Gain (Loss) on Sale of Investments, Total (Rev)	20B	55.79B	43.51B	24.25B	225B
Other Revenues, Total	188B	668B	143B	91.11B	97.93B
Total Revenues	2,621B	3,007B	2,320B	2,227B	2,364B
Policy Benefits	1,995B	2,216B	1,615B	1,571B	1,191B
Policy Acquisition / Underwriting Costs, Total	246B	312B	254B	354B	8.91B
Depreciation & Amortization - (IS) - (Collected)	8.97B	10.32B	11.81B	14.25B	8M
Amortization of Goodwill and Intangible Assets - (IS)	9.36B	11.99B	11.58B	12.06B	21.67B
Selling General & Admin Expenses, Total	109B	88.3B	93.93B	87.16B	22.92B
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-5.3B	515M	-8.27B	-725M	-20.68B
Salaries And Other Employee Benefits	169B	67.14B	80.59B	78.75B	15.22B
Other Operating Expenses	176B	121B	133B	190B	190B
Reinsurance Income Or Expense	-3.08B	-3.04B	-2.14B	-2.92B	-
Total Operating Expenses	2,721B	2,829B	2,210B	2,311B	1,470B
Operating Income	-100B	178B	110B	-83.87B	894B
Interest Expense, Total	-15.49B	-19.73B	-21.18B	-21.94B	-350B
Income (Loss) on Equity Invest.	-	-	-	-	-541M
Currency Exchange Gains (Loss)	60.44B	-20.37B	75.52B	94.81B	70.23B
Other Non Operating Income (Expenses)	-1.04B	-1.53B	27.08B	-7.94B	-1.41B
EBT, Excl. Unusual Items	-56.35B	136B	191B	-18.94B	612B
Gain (Loss) on Sale of Investments	-15.62B	-169B	-34.99B	-65.53B	-218B
EBT, Incl. Unusual Items	-71.98B	-32.54B	156B	-84.46B	394B
Income Tax Expense	-20.81B	-8.32B	36.61B	-21.36B	92.7B
Earnings From Continuing Operations	-51.17B	-24.22B	120B	-63.1B	302B
Net Income to Company	-51.17B	-24.22B	120B	-63.1B	302B
Net Income - (IS)	-51.17B	-24.22B	120B	-63.1B	302B
Preferred Dividend and Other Adjustments	2.76B	2.76B	2.74B	3.13B	3.13B
Net Income to Common Incl Extra Items	-53.92B	-26.97B	117B	-66.23B	299B
Net Income to Common Excl. Extra Items	-53.92B	-26.97B	117B	-66.23B	299B
Per Share Items
Net EPS - Basic	-325.13	-87.25	378.95	-214.25	965.7
Basic EPS - Continuing Operations	-325.13	-87.25	378.95	-214.25	965.7
Basic Weighted Average Shares Outstanding	166M	309M	309M	309M	309M
Net EPS - Diluted	-325.13	-87.25	378.95	-214.25	965.7
Diluted EPS - Continuing Operations	-325.13	-87.25	378.95	-214.25	965.7
Diluted Weighted Average Shares Outstanding	166M	309M	309M	309M	309M
Normalized Basic EPS	-212.36	275.85	387.16	-38.29	1.24K
Normalized Diluted EPS	-212.36	275.85	387.16	-38.29	1.24K
Payout Ratio	-5.39	-11.38	2.28	-4.96	1.04
Supplemental Items
EBITDA	-81.35B	201B	134B	-57.13B	934B
EBITA	-90.9B	190B	122B	-71.81B	894B
EBIT	-100B	178B	110B	-83.87B	894B
EBITDAR	-	-	-	-	935B
Effective Tax Rate - (Ratio)	28.91	25.58	23.39	25.29	23.51
Normalized Net Income	-35.22B	85.27B	120B	-11.84B	383B
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	3.43B
Selling and Marketing Expenses	-	-	-	-	3.43B
General and Administrative Expenses	109B	88.3B	93.93B	87.16B	18.18B
Net Rental Expense, Total	-	-	-	-	1.3B
Imputed Operating Lease Interest Expense	-	-	-	-	1.7B
Imputed Operating Lease Depreciation	-	-	-	-	-398M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	-	-	-	-	-
Investment In Equity and Preferred Securities, Total	-	-	-	6.42B	9.92B
Trading Asset Securities, Total	4,511B	4,411B	4,306B	3,577B	10,211B
Real Estate Owned	80B	76.18B	482M	474M	466M
Mortgage Loans	124B	114B	61.63B	53.98B	92.29B
Policy Loans	438B	440B	469B	493B	-
Total Other Investments	1,453B	1,569B	2,233B	3,290B	1,892B
Total investments	6,606B	6,611B	7,069B	7,421B	12,206B
Cash And Equivalents	-	-	-	-410	-
Reinsurance Recoverable - (IS)	385B	881B	788B	625B	352B
Other Receivables - (Insurance Template)	796B	851B	844B	974B	2,035B
Deferred Policy Acquisition Costs - (BS)	384B	477B	576B	576B	-
Separate Account Assets	7,788B	7,280B	9,460B	7,911B	-
Gross Property Plant And Equipment	153B	165B	141B	156B	127B
Accumulated Depreciation	-49.56B	-52.1B	-47.87B	-49.31B	-61.82B
Net Property Plant And Equipment	104B	113B	92.97B	107B	64.88B
Other Intangibles, Total	14.69B	12.32B	10.72B	11.91B	12.24B
Other Current Assets, Total	121B	99.28B	30.29B	83.71B	122B
Deferred Tax Assets Long-Term (Collected)	-	-	23.45B	197B	-
Deferred Charges Long-Term	36.73B	26.61B	18.37B	15.41B	46.75B
Other Long-Term Assets, Total	31.88B	-2.2B	-776M	4.18B	4.81B
Total Assets	16,267B	16,348B	18,911B	17,926B	14,843B
Liabilities
Accrued Expenses, Total	64.55B	50.4B	40.92B	56.49B	50.24B
Insurance And Annuity Liabilities	5,918B	6,144B	6,481B	6,714B	480
Unpaid Claims	549B	1,035B	956B	791B	-
Unearned Premiums	409B	294B	222B	180B	4.81B
Reinsurance Payable - (BS)	98.65B	92.6B	96.57B	83.23B	-
Long-Term Debt	337B	387B	319B	563B	1,008B
Separate Account Liability	7,738B	7,328B	9,620B	8,929B	7,221B
Current Income Taxes Payable	-	-	32.86B	-	397M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	30.13B	20.47B	47B	65.56B	65.33B
Unearned Revenue Non Current	1.44B	1.79B	1.55B	1.35B	1.42B
Pension & Other Post Retirement Benefits	447M	-	-	-	1.26B
Deferred Tax Liability Non-Current	40.82B	14.63B	-	-	11.6B
Other Non Current Liabilities	114B	33.28B	92.37B	94.21B	5,223B
Total Liabilities	15,301B	15,402B	17,909B	17,477B	13,587B
Common Stock, Total	310B	310B	310B	310B	310B
Additional Paid In Capital	380B	380B	380B	380B	380B
Retained Earnings	156B	129B	316B	250B	380B
Treasury Stock	-1.13B	-1.13B	-1.13B	-1.13B	-1.14B
Comprehensive Income and Other	121B	129B	-2.72B	-490B	187B
Total Common Equity	966B	947B	1,002B	449B	1,256B
Total Equity	966B	947B	1,002B	449B	1,256B
Total Liabilities And Equity	16,267B	16,348B	18,911B	17,926B	14,843B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	309M	309M	309M	309M	309M
ECS Total Common Shares Outstanding	309M	309M	309M	309M	309M
Book Value / Share	3.12K	3.06K	3.24K	1.45K	4.06K
Tangible Book Value	951B	934B	991B	437B	1,244B
Tangible Book Value Per Share	3.08K	3.02K	3.21K	1.41K	4.02K
Total Debt	337B	387B	319B	563B	1,008B
Net Debt	337B	387B	319B	563B	1,008B
Debt Equivalent Oper. Leases	-	-	-	-	10.44B
Equity Method Investments, Total	-	-	-	6.42B	9.92B
Land - (BS)	65.3B	65.3B	45M	45M	45M
Buildings, Total	25.92B	25.84B	1.76B	1.81B	1.81B
Machinery, Total	42.92B	45.55B	49.79B	46.91B	57.98B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-51.17B	-24.22B	120B	-63.1B	302B
Depreciation, Depletion & Amortization	9.55B	11.06B	12.4B	14.68B	40.29B
Amortization of Goodwill and Intangible Assets - (CF)	9.36B	11.99B	11.58B	12.06B	-
Total Depreciation, Depletion & Amortization	18.91B	23.05B	23.98B	26.74B	40.29B
Amortization of Deferred Charges, Total	181B	251B	214B	334B	350B
(Gain) Loss On Sale of Asset - (CF)	-109M	-1.3B	-54.42B	-139M	-
(Gain) Loss on Sale of Investments - (CF)	22.84B	117B	-94.81B	-45.59B	-7.93B
Total Asset Writedown	-	-	-	60.9M	-
Deferred Policy Acquisition Costs - (CF)	-224B	-325B	-291B	-312B	-
(Income) Loss On Equity Investments - (CF)	-	-	-	327M	541M
Stock-Based Compensation (CF)	-	-	136M	136M	136M
Provision and Write-off of Bad Debts	5.3B	-515M	8.27B	725M	20.68B
Change in Trading Asset Securities	-352B	-387B	-192B	604B	477B
Change in insurance Reserves / Liabilities	-	-	-	-	1,033B
Change in Other Net Operating Assets (Collected)	-59.49B	245B	17.73B	-418B	1,399B
Other Operating Activities	339B	166B	376B	65.9B	-1,487B
Cash from Operations	-120B	64.81B	127B	193B	2,126B
Capital Expenditure	-21.84B	-15.7B	-23.61B	-30.54B	-21.05B
Sale of Property, Plant, and Equipment	-	3.78B	225B	-	-
Purchase / Sale of Intangible Assets	-10.6B	1.81B	-1.33B	-2.71B	-1.52B
Investment in Marketable and Equity Securities, Total	-295B	64.84B	-259B	-2,382B	620B
Other Investing Activities, Total	-17.08B	-49.94B	9.28B	-114B	-38.67B
Cash from Investing	-344B	4.8B	-48.78B	-2,529B	559B
Long-Term Debt Issued, Total	79.67B	89.64B	-	138B	149B
Total Debt Issued	79.67B	89.64B	-	138B	149B
Long-Term Debt Repaid, Total	-50B	-40B	-68B	-90B	-2,425B
Total Debt Repaid	-50B	-40B	-68B	-90B	-2,425B
Issuance of Common Stock	374B	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.76B	-2.76B	-2.74B	-3.13B	-3.13B
Common & Preferred Stock Dividends Paid	-2.76B	-2.76B	-2.74B	-3.13B	-3.13B
Other Financing Activities, Total	-4.06B	-30.43B	-21.35B	2,903B	-13.96B
Cash from Financing	397B	16.45B	-92.09B	2,948B	-2,293B
Foreign Exchange Rate Adjustments	240M	-477M	1.37B	101M	1.99B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-67.26B	85.58B	-12.58B	612B	395B
Supplemental Items
Cash Interest Paid	15.24B	19.46B	22.01B	19.42B	61.47B
Cash Income Tax Paid (Refund)	5.89B	8.54B	8.4B	61.13B	14.49B
Net Debt Issued / Repaid	29.67B	49.64B	-68B	48.46B	-2,276B
Levered Free Cash Flow	-432B	388B	579B	233B	-323B
Unlevered Free Cash Flow	-438B	380B	571B	225B	-454B
Change In Net Working Capital	527B	-28.02B	-310B	28.33B	1,030B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.41	0.68	0.39	-0.28	3.53
Return on Total Capital	-5.77	8.44	5.18	-4.49	15.2
Return On Equity %	-6.69	-2.53	12.3	-8.7	19.72
Return on Common Equity	-7.05	-2.82	12.02	-9.13	19.52
Margin Analysis
Gross Profit Margin %	14.3	15.95	19.11	13.52	48.37
SG&A Margin	10.57	5.17	7.52	7.45	1.61
EBITDA Margin %	-3.1	6.69	5.78	-2.56	39.51
EBITA Margin %	-3.47	6.32	5.24	-3.22	37.81
EBIT Margin %	-3.83	5.92	4.74	-3.77	37.81
Income From Continuing Operations Margin %	-1.95	-0.81	5.17	-2.83	12.76
Net Income Margin %	-1.95	-0.81	5.17	-2.83	12.76
Net Avail. For Common Margin %	-2.06	-0.9	5.05	-2.97	12.63
Normalized Net Income Margin	-1.34	2.84	5.16	-0.53	16.18
Levered Free Cash Flow Margin	-16.5	12.89	24.93	10.48	-13.66
Unlevered Free Cash Flow Margin	-16.72	12.65	24.59	10.11	-19.21
Asset Turnover
Asset Turnover	0.17	0.18	0.13	0.12	0.15
Fixed Assets Turnover	24.26	27.8	22.58	22.29	27.52
Receivables Turnover (Average Receivables)	165.06	114.62	114.61	77.16	29.55
Short Term Liquidity
Current Ratio	4.73	3.84	3.86	4.41	102.68
Quick Ratio	4.21	3.15	3.24	3.74	97.36
Operating Cash Flow to Current Liabilities	-0.1	0.04	0.09	0.16	17.61
Days Sales Outstanding (Average Receivables)	2.21	3.19	3.18	4.73	12.35
Average Days Payable Outstanding	97.5	132.12	217.07	187.76	-
Long Term Solvency
Total Debt/Equity	34.9	40.87	31.85	125.47	80.21
Total Debt / Total Capital	25.87	29.01	24.15	55.65	44.51
LT Debt/Equity	34.9	40.87	31.85	125.47	80.21
Long-Term Debt / Total Capital	25.87	29.01	24.15	55.65	44.51
Total Liabilities / Total Assets	94.06	94.21	94.7	97.5	91.54
EBIT / Interest Expense	-6.47	9.02	5.2	-3.82	2.55
EBITDA / Interest Expense	-5.25	10.19	6.33	-2.6	2.67
(EBITDA - Capex) / Interest Expense