Hanwha General
Hanwha General Insurance Co., Ltd. provides insurance services in South Korea. The company offers long-term insurance, including injury, diseases, property damage, liability, and annuity; automobile insurance products comprising casualty and property; and fire insurance products. Hanwha General Insurance Co., Ltd. was founded in 1946 and is headquartered in Seoul, South Korea. Hanwha General Insu… Read more
Hanwha General (000370) - Net Assets
Latest net assets as of September 2025: ₩2.65 Trillion KRW
Based on the latest financial reports, Hanwha General (000370) has net assets worth ₩2.65 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩20.72 Trillion) and total liabilities (₩18.07 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩2.65 Trillion |
| % of Total Assets | 12.78% |
| Annual Growth Rate | 21.17% |
| 5-Year Change | 73.03% |
| 10-Year Change | 243.02% |
| Growth Volatility | 255.63 |
Hanwha General - Net Assets Trend (2005–2024)
This chart illustrates how Hanwha General's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanwha General (2005–2024)
The table below shows the annual net assets of Hanwha General from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩2.95 Trillion | -11.74% |
| 2023-12-31 | ₩3.35 Trillion | +1151.39% |
| 2022-12-31 | ₩267.36 Billion | -81.68% |
| 2021-12-31 | ₩1.46 Trillion | -14.48% |
| 2020-12-31 | ₩1.71 Trillion | +16.55% |
| 2019-12-31 | ₩1.46 Trillion | +3.44% |
| 2018-12-31 | ₩1.42 Trillion | +19.53% |
| 2017-12-31 | ₩1.18 Trillion | +33.90% |
| 2016-12-31 | ₩884.49 Billion | +2.74% |
| 2015-12-31 | ₩860.91 Billion | +44.68% |
| 2014-12-31 | ₩595.04 Billion | +8.77% |
| 2013-12-31 | ₩547.05 Billion | +14.10% |
| 2012-12-31 | ₩479.46 Billion | +21.12% |
| 2011-12-31 | ₩395.85 Billion | +14.57% |
| 2010-12-31 | ₩345.51 Billion | +14.23% |
| 2009-12-31 | ₩302.48 Billion | +56.79% |
| 2008-12-31 | ₩192.92 Billion | +27.61% |
| 2007-12-31 | ₩151.18 Billion | +31.51% |
| 2006-12-31 | ₩114.96 Billion | +49.55% |
| 2005-12-31 | ₩76.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanwha General's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 244508503128000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.45 Trillion | 85.30% |
| Other Components | ₩421.44 Billion | 14.70% |
| Total Equity | ₩2.87 Trillion | 100.00% |
Hanwha General Competitors by Market Cap
The table below lists competitors of Hanwha General ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ocwen Financial Corp.
LSE:0KAS
|
$254.61 Million |
|
JK Paper Limited
NSE:JKPAPER
|
$254.63 Million |
|
Solutions 30 SE
PINK:SLUNF
|
$254.67 Million |
|
Shenzhen SDG Service Co. Ltd.
SHE:300917
|
$254.69 Million |
|
ACAST AB (PUBL)
F:0PN
|
$254.54 Million |
|
ZheJiang ZhongKe Magnetic Co. Ltd. A
SHE:301141
|
$254.40 Million |
|
Dharma Satya Nusantara Ptdsn
JK:DSNG
|
$254.39 Million |
|
Magnera Corp placeholder
NYSE:MAGN
|
$254.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanwha General's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,232,263,451,760 to 2,866,527,337,860, a change of -365,736,113,900 (-11.3%).
- Net income of 343,005,703,410 contributed positively to equity growth.
- Dividend payments of 14,375,000,000 reduced retained earnings.
- Share repurchases of 4,941,861,290 reduced equity.
- Other factors decreased equity by 689,424,956,020.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩343.01 Billion | +11.97% |
| Dividends Paid | ₩14.38 Billion | -0.5% |
| Share Repurchases | ₩4.94 Billion | -0.17% |
| Other Changes | ₩-689.42 Billion | -24.05% |
| Total Change | ₩- | -11.32% |
Book Value vs Market Value Analysis
This analysis compares Hanwha General's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.28x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.69x to 0.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩10144.94 | ₩6970.00 | x |
| 2018-12-31 | ₩12125.79 | ₩6970.00 | x |
| 2019-12-31 | ₩12153.55 | ₩6970.00 | x |
| 2020-12-31 | ₩14390.00 | ₩6970.00 | x |
| 2021-12-31 | ₩12157.47 | ₩6970.00 | x |
| 2022-12-31 | ₩1426.44 | ₩6970.00 | x |
| 2023-12-31 | ₩27716.10 | ₩6970.00 | x |
| 2024-12-31 | ₩24792.57 | ₩6970.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanwha General utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.26%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 6.92x
- Recent ROE (11.97%) is below the historical average (15.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 26.34% | 4.56% | 0.58x | 9.90x | ₩24.71 Billion |
| 2008 | 22.80% | 4.09% | 0.62x | 8.91x | ₩24.70 Billion |
| 2010 | 8.00% | 0.93% | 0.57x | 15.18x | ₩-6.91 Billion |
| 2011 | 10.30% | 1.18% | 0.54x | 16.16x | ₩1.21 Billion |
| 2012 | 5.43% | 0.68% | 0.49x | 16.47x | ₩-21.89 Billion |
| 2013 | -9.39% | -1.79% | 0.32x | 16.45x | ₩-106.08 Billion |
| 2014 | 2.16% | 0.33% | 0.38x | 17.36x | ₩-46.64 Billion |
| 2015 | 11.12% | 2.28% | 0.36x | 13.71x | ₩9.68 Billion |
| 2016 | 12.62% | 1.83% | 0.46x | 15.02x | ₩23.18 Billion |
| 2017 | 12.47% | 2.20% | 0.45x | 12.57x | ₩29.21 Billion |
| 2018 | 5.78% | 1.12% | 0.44x | 11.82x | ₩-59.80 Billion |
| 2019 | -4.67% | -0.85% | 0.43x | 12.87x | ₩-208.08 Billion |
| 2020 | 3.65% | 1.12% | 0.28x | 11.62x | ₩-106.73 Billion |
| 2021 | 8.60% | 2.22% | 0.27x | 14.31x | ₩-19.80 Billion |
| 2022 | 133.57% | 4.88% | 0.22x | 122.53x | ₩205.56 Billion |
| 2023 | 7.65% | 4.92% | 0.28x | 5.60x | ₩-75.99 Billion |
| 2024 | 11.97% | 6.26% | 0.28x | 6.92x | ₩56.35 Billion |
Industry Comparison
This section compares Hanwha General's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $4,119,725,530,023
- Average return on equity (ROE) among peers: 12.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanwha General (000370) | ₩2.65 Trillion | 26.34% | 6.82x | $254.60 Million |
| Lotte Non-Life (000400) | $501.39 Billion | 5.79% | 21.13x | $70.04 Million |
| Heungkuk F&M I (000540) | $75.00 Billion | 0.00% | 12.74x | $40.96 Million |
| Heungkuk Fire & Marine Insurance Co Ltd (000545) | $629.34 Billion | 13.55% | 16.72x | $59.09 Million |
| Samsung Fire & Marine Insurance (000810) | $9.54 Trillion | 8.23% | 5.10x | $11.53 Billion |
| Samsung Fire And Marine Ins Pref (000815) | $7.89 Trillion | 6.49% | 5.27x | $9.48 Billion |
| Hyundai Mar&Fi (001450) | $4.74 Trillion | 17.93% | 9.23x | $1.19 Billion |
| DB Insurance Co Ltd (005830) | $5.46 Trillion | 37.24% | 10.81x | $5.53 Billion |