Meritz Financial, Last Year's Net Profit 2.3334 Trillion Won... Record High

Meritz Financial Group's net profit for last year surpassed 2 trillion won, achieving membership in the '2 trillion club' for the second consecutive year.

Meritz Financial announced on the 19th that its consolidated net profit for last year was 2.3334 trillion won, a 9.8% increase compared to the previous year. This marks the highest performance in its history.

Last year's revenue was 46.5745 trillion won, and operating profit was 3.1889 trillion won. Total assets amounted to 116 trillion won, and the return on equity (ROE) was recorded at an industry-leading 23.4%.

Looking at major affiliates, Meritz Fire & Marine Insurance's standalone net profit reached 1.7105 trillion won, a 9.2% increase from the previous year, setting a record high profit. This is attributed to strengthening core business competitiveness through securing high-quality long-term insurance new contracts and the advancement of general insurance.

Meritz Securities' consolidated operating profit for last year was 1.0549 trillion won, returning to the '1 trillion club' for the first time in two years since 2022. Its net profit was 696 billion won. Through stable profit generation and differentiated risk management, it has achieved net profits exceeding 500 billion won for six consecutive years since 2019.

Last year, Meritz Financial Group's shareholder return ratio through share buybacks, cancellations, and cash dividends was 53.1%, up 1.9 percentage points from 51.2% the previous year. This marks the second consecutive year of fulfilling its promise to return more than 50% of consolidated net profit for the fiscal years 2023 to 2025 to shareholders.

A Meritz Financial Group official stated, “We will strive to achieve a shareholder return ratio exceeding 50% in the 2025 fiscal year as well.”