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Financial holding companies see record net profits in 2025 due to banking, insurance operations

Published: 09 Apr. 2026, 09:26

The exterior of the Financial Supervisory Service in Jongno District, central Seoul [YONHAP]

Financial holding companies in Korea saw record net profits last year thanks to the robust performances of banking and insurance operations, data showed on Thursday.

The combined net profit of 10 financial holding firms reached a record 26.7 trillion won ($18 billion) in 2025, up 3 trillion won, or 12.4 percent, from a year earlier, according to preliminary data from the Financial Supervisory Service.

Net income from their banks accounted for 57.4 percent of the total, earnings from their insurance firms accounted for 14.3 percent and returns on their financial investments accounted for 11.7 percent.

As of the end of December 2025, their combined total assets stood at 4.10674 quadrillion won, up 312.7 trillion won, or 8.3 percent, from a year earlier.

Their nonperforming loan ratio came to 0.95 percent at the end of December 2025, up 0.05 percentage points from 0.9 percent a year ago. Their loan loss reserve ratio dropped to 106.8 percent from 122.4 percent over the cited period.

The 10 financial holding firms include KB Financial Group, Shinhan Financial Group, Nonghyup Financial Group, Hana Financial Group and Woori Financial Group.

The companies had a combined 343 financial affiliates as of the end of December 2025, up from 335 a year earlier.

Yonhap