Meritz Financial Group said on the 14th that first-quarter net profit came to 680.2 billion won and operating profit to 854.8 billion won. They rose 9.6% and 18.4%, respectively, from a year earlier. Revenue was 16.3143 trillion won, up 98.2%.
Meritz Fire & Marine Insurance's first-quarter net profit was 466.1 billion won, up 0.8%. Operating profit rose 9.8% to 630.7 billion won, and revenue increased 1.4% to 3.3079 trillion won.
Meritz Fire & Marine Insurance's total assets were 144.3993 trillion won, up 6.6% from the end of last year, and return on equity (ROE) remained high at 25.4%. Insurance profit was 334.6 billion won, down 7% from a year earlier, and investment income was 296.2 billion won, up 13%.
Meritz Securities' first-quarter net profit was 254.3 billion won, up 35.7% from a year earlier. Operating profit rose 72.5% to 255.6 billion won. Meritz Securities said the results reflect even growth across all business areas—including investment banking (IB), trading, and retail—and improved profitability at its subsidiary, Capital.
Meanwhile, Meritz Financial Group said it plans to continue a shareholder return policy centered on share buybacks. As of the end of the first quarter, the buyback and cancellation yield was 14.6%, above the required return of 10%. Since the shareholder return policy was implemented in 2023, cumulative total shareholder return (TSR) has been 169.6%, and the three-year average annual TSR is 43.9%.