Hanwha Life
Hanwha Life Insurance Co., Ltd. provides insurance products to individual and corporate customers in South Korea and internationally. The company offers health, retirement, investment, group, accident, pension, and savings insurance products; retirement pension plans; consulting services; asset management products; and undertakes related reinsurance contracts. It provides its products through fin… Read more
Hanwha Life (088350) - Net Assets
Latest net assets as of June 2025: ₩15.55 Trillion KRW
Based on the latest financial reports, Hanwha Life (088350) has net assets worth ₩15.55 Trillion KRW as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩168.94 Trillion) and total liabilities (₩153.39 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 | ₩15.55 Trillion |
| % of Total Assets | 9.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | 2.39% |
| 10-Year Change | 65.2% |
| Growth Volatility | 43.54 |
Hanwha Life - Net Assets Trend (1999–2024)
This chart illustrates how Hanwha Life'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 Life (1999–2024)
The table below shows the annual net assets of Hanwha Life from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩14.28 Trillion | -7.74% |
| 2023-12-31 | ₩15.48 Trillion | +93.07% |
| 2022-12-31 | ₩8.02 Trillion | -40.27% |
| 2021-12-31 | ₩13.42 Trillion | -3.76% |
| 2020-12-31 | ₩13.94 Trillion | -0.35% |
| 2019-12-31 | ₩13.99 Trillion | +22.43% |
| 2018-12-31 | ₩11.43 Trillion | +11.64% |
| 2017-12-31 | ₩10.24 Trillion | +11.78% |
| 2016-12-31 | ₩9.16 Trillion | +5.98% |
| 2015-12-31 | ₩8.64 Trillion | -0.11% |
| 2014-12-31 | ₩8.65 Trillion | +23.84% |
| 2013-12-31 | ₩6.99 Trillion | -0.88% |
| 2012-12-31 | ₩7.05 Trillion | +8.15% |
| 2011-12-31 | ₩6.52 Trillion | +2.93% |
| 2010-12-31 | ₩6.33 Trillion | +8.58% |
| 2009-12-31 | ₩5.83 Trillion | +59.42% |
| 2008-12-31 | ₩3.66 Trillion | -1.29% |
| 2007-12-31 | ₩3.71 Trillion | +6.05% |
| 2006-12-31 | ₩3.49 Trillion | +11.51% |
| 2005-12-31 | ₩3.13 Trillion | +9.44% |
| 2004-12-31 | ₩2.86 Trillion | +28.64% |
| 2003-12-31 | ₩2.23 Trillion | +38.64% |
| 2002-12-31 | ₩1.61 Trillion | +188.29% |
| 2001-12-31 | ₩556.88 Billion | +130.18% |
| 2000-12-31 | ₩-1.85 Trillion | -16.57% |
| 1999-12-31 | ₩-1.58 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanwha Life'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 820597292626000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩8.21 Trillion | 69.57% |
| Other Components | ₩3.59 Trillion | 30.43% |
| Total Equity | ₩11.79 Trillion | 100.00% |
Hanwha Life Competitors by Market Cap
The table below lists competitors of Hanwha Life ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sumitomo Pharma Co. Ltd
PINK:SMDPY
|
$876.03 Million |
|
AIMA Technology Group Co Ltd
SHG:603529
|
$876.40 Million |
|
Bright Smart Securities & Commodities Group Limited
F:0BX
|
$877.25 Million |
|
Bank Handlowy w Warszawie SA
WAR:BHW
|
$877.27 Million |
|
Ratch Group Public Company Limited
BK:RATCH
|
$875.72 Million |
|
Cadeler As
OL:CADLR
|
$875.23 Million |
|
AutoStore Holdings Ltd
OL:AUTO
|
$875.11 Million |
|
Judo Capital Holdings Ltd
AU:JDO
|
$875.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanwha Life's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,038,171,149,190 to 11,794,856,554,790, a change of -1,243,314,594,400 (-9.5%).
- Net income of 737,253,509,030 contributed positively to equity growth.
- Dividend payments of 139,796,585,440 reduced retained earnings.
- Other factors decreased equity by 1,840,771,517,990.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩737.25 Billion | +6.25% |
| Dividends Paid | ₩139.80 Billion | -1.19% |
| Other Changes | ₩-1.84 Trillion | -15.61% |
| Total Change | ₩- | -9.54% |
Book Value vs Market Value Analysis
This analysis compares Hanwha Life'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: 0.30x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩12445.67 | ₩4705.00 | x |
| 2018-12-31 | ₩13717.10 | ₩4705.00 | x |
| 2019-12-31 | ₩16883.18 | ₩4705.00 | x |
| 2020-12-31 | ₩16857.32 | ₩4705.00 | x |
| 2021-12-31 | ₩15003.99 | ₩4705.00 | x |
| 2022-12-31 | ₩9019.87 | ₩4705.00 | x |
| 2023-12-31 | ₩17352.06 | ₩4705.00 | x |
| 2024-12-31 | ₩15697.38 | ₩4705.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanwha Life 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): 6.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.43%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 13.58x
- Recent ROE (6.25%) is below the historical average (6.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 7.40% | 3.54% | 0.19x | 11.09x | ₩-147.63 Billion |
| 2010 | 7.71% | 3.46% | 0.20x | 11.13x | ₩-141.13 Billion |
| 2011 | 7.85% | 4.70% | 0.16x | 10.60x | ₩-139.82 Billion |
| 2012 | 6.97% | 3.49% | 0.18x | 11.06x | ₩-213.85 Billion |
| 2013 | 6.78% | 4.84% | 0.12x | 11.79x | ₩-224.99 Billion |
| 2014 | 4.69% | 2.92% | 0.15x | 10.65x | ₩-459.75 Billion |
| 2015 | 6.13% | 3.42% | 0.16x | 11.52x | ₩-334.14 Billion |
| 2016 | 9.33% | 4.24% | 0.16x | 14.00x | ₩-57.56 Billion |
| 2017 | 6.25% | 2.77% | 0.17x | 13.47x | ₩-350.22 Billion |
| 2018 | 4.03% | 1.93% | 0.16x | 12.82x | ₩-615.42 Billion |
| 2019 | 0.79% | 0.45% | 0.16x | 11.18x | ₩-1.17 Trillion |
| 2020 | 1.86% | 1.17% | 0.14x | 11.75x | ₩-1.03 Trillion |
| 2021 | 10.57% | 5.64% | 0.13x | 14.51x | ₩63.93 Billion |
| 2022 | 10.82% | 3.00% | 0.15x | 23.79x | ₩55.62 Billion |
| 2023 | 5.82% | 4.42% | 0.12x | 11.34x | ₩-545.34 Billion |
| 2024 | 6.25% | 4.43% | 0.10x | 13.58x | ₩-442.23 Billion |
Industry Comparison
This section compares Hanwha Life's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $12,146,980,831,370
- Average return on equity (ROE) among peers: 4.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanwha Life (088350) | ₩15.55 Trillion | 7.40% | 9.86x | $875.81 Million |
| Samsung Life (032830) | $21.73 Trillion | 4.53% | 7.56x | $13.52 Billion |
| Mirae Asset Life Insurance Co Ltd (085620) | $2.56 Trillion | 5.31% | 11.67x | $258.66 Million |