Heungkuk Fire & Marine Insurance Co Ltd (000545) - Net Assets

Latest as of March 2026: ₩917.06 Billion KRW ≈ $621.48 Million USD

Based on the latest financial reports, Heungkuk Fire & Marine Insurance Co Ltd (000545) has net assets worth ₩917.06 Billion KRW (≈ $621.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩11.94 Trillion ≈ $8.09 Billion USD) and total liabilities (₩11.02 Trillion ≈ $7.47 Billion USD). 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. Also explore balance sheet size of Heungkuk Fire & Marine Insurance Co Ltd for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩917.06 Billion
% of Total Assets	7.68%
Annual Growth Rate	6.9%
5-Year Change	21.17%
10-Year Change	51.54%
Growth Volatility	82.75

Heungkuk Fire & Marine Insurance Co Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Heungkuk Fire & Marine Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 000545 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Heungkuk Fire & Marine Insurance Co Ltd (2014–2025)

The table below shows the annual net assets of Heungkuk Fire & Marine Insurance Co Ltd from 2014 to 2025. For live valuation and market cap data, see 000545 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	₩836.87 Billion ≈ $567.13 Million	+8.31%
2024-12-31	₩772.66 Billion ≈ $523.62 Million	-43.54%
2023-12-31	₩1.37 Trillion ≈ $927.43 Million	-47.22%
2022-12-31	₩2.59 Trillion ≈ $1.76 Billion	+275.41%
2021-12-31	₩690.65 Billion ≈ $468.04 Million	-4.58%
2020-12-31	₩723.77 Billion ≈ $490.49 Million	+1.66%
2019-12-31	₩711.96 Billion ≈ $482.49 Million	+4.39%
2018-12-31	₩682.03 Billion ≈ $462.20 Million	+8.37%
2017-12-31	₩629.34 Billion ≈ $426.49 Million	+13.96%
2016-12-31	₩552.26 Billion ≈ $374.26 Million	+24.94%
2015-12-31	₩442.02 Billion ≈ $299.55 Million	+10.07%
2014-12-31	₩401.58 Billion ≈ $272.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Heungkuk Fire & Marine Insurance Co Ltd'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 71306200000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₩698.12 Billion	83.42%
Other Components	₩138.75 Billion	16.58%
Total Equity	₩836.87 Billion	100.00%

Heungkuk Fire & Marine Insurance Co Ltd Competitors by Market Cap

The table below lists competitors of Heungkuk Fire & Marine Insurance Co Ltd ranked by their market capitalization.

Company	Market Cap
Mandala Multifinance Tbk JK:MFIN	$232.92 Million
GDI Property Group AU:GDI	$232.99 Million
Artius II Acquisition Inc. NASDAQ:AACB	$233.06 Million
Hancom Inc KQ:030520	$233.15 Million
Salmon Evolution Holding AS OL:SALME	$232.90 Million
VNV Global AB ST:VNV	$232.89 Million
RADCOM Ltd F:RAM	$232.87 Million
Z.M.H Hammerman Ltd TA:ZMH	$232.86 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Heungkuk Fire & Marine Insurance Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 772,659,000,000 to 836,868,000,000, a change of 64,209,000,000 (8.3%).
Net income of 151,689,000,000 contributed positively to equity growth.
Dividend payments of 22,052,000,000 reduced retained earnings.
Other factors decreased equity by 65,428,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₩151.69 Billion	+18.13%
Dividends Paid	₩22.05 Billion	-2.64%
Other Changes	₩-65.43 Billion	-7.82%
Total Change	₩-	8.31%

Book Value vs Market Value Analysis

This analysis compares Heungkuk Fire & Marine Insurance Co Ltd'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: 0.41x
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 0.55x to 0.41x 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	₩9796.23	₩5350.00	x
2018-12-31	₩10616.53	₩5350.00	x
2019-12-31	₩11082.37	₩5350.00	x
2020-12-31	₩11266.18	₩5350.00	x
2021-12-31	₩10750.62	₩5350.00	x
2022-12-31	₩40359.22	₩5350.00	x
2023-12-31	₩21302.53	₩5350.00	x
2024-12-31	₩12027.20	₩5350.00	x
2025-12-31	₩13026.67	₩5350.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Heungkuk Fire & Marine Insurance Co Ltd 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): 18.13%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.03%
• Asset Turnover: 0.24x
• Equity Multiplier: 14.94x
Recent ROE (18.13%) is above the historical average (9.90%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	8.62%	1.22%	0.37x	19.42x	₩-5.48 Billion
2015	4.50%	0.64%	0.34x	20.55x	₩-24.06 Billion
2016	5.70%	0.74%	0.41x	18.50x	₩-23.72 Billion
2017	13.55%	2.08%	0.37x	17.72x	₩22.36 Billion
2018	7.40%	1.24%	0.34x	17.50x	₩-17.76 Billion
2019	5.40%	0.92%	0.33x	17.77x	₩-32.76 Billion
2020	3.14%	0.78%	0.22x	18.25x	₩-49.67 Billion
2021	8.98%	2.15%	0.21x	19.93x	₩-7.02 Billion
2022	7.99%	8.12%	0.21x	4.78x	₩-52.04 Billion
2023	21.60%	10.33%	0.24x	8.79x	₩158.69 Billion
2024	13.81%	3.88%	0.21x	16.69x	₩29.46 Billion
2025	18.13%	5.03%	0.24x	14.94x	₩68.00 Billion

Industry Comparison

This section compares Heungkuk Fire & Marine Insurance Co Ltd's net assets metrics with peer companies in the Insurance - Property & Casualty industry.

Industry Context

Industry: Insurance - Property & Casualty
Average net assets among peers: $5,541,207,318,783
Average return on equity (ROE) among peers: 18.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Heungkuk Fire & Marine Insurance Co Ltd (000545)	₩917.06 Billion	8.62%	12.02x	$232.92 Million
Hanwha General (000370)	$3.35 Trillion	7.39%	4.41x	$434.87 Million
Lotte Non-Life (000400)	$61.94 Billion	59.89%	11.27x	$456.67 Million
Heungkuk F&M I (000540)	$210.34 Billion	26.83%	20.93x	$135.62 Million
Samsung Fire & Marine Insurance (000810)	$16.28 Trillion	4.64%	4.69x	$16.68 Billion
Samsung Fire And Marine Ins Pref (000815)	$11.93 Trillion	8.10%	5.36x	$701.37 Million
Hyundai Mar&Fi (001450)	$455.27 Billion	15.16%	11.29x	$2.00 Billion
DB Insurance Co Ltd (005830)	$6.50 Trillion	8.59%	8.23x	$6.58 Billion

About Heungkuk Fire & Marine Insurance Co Ltd

KO:000545 Korea Insurance - Property & Casualty

Market Cap

$232.92 Million

₩343.70 Billion KRW

Market Cap Rank

#15903 Global

#536 in Korea

Share Price

₩5350.00

Change (1 day)

+0.00%

52-Week Range

₩5200.00 - ₩9510.00

All Time High

₩24550.00