DB Insurance (005830) set a 2030 shareholder return target of 40% on a consolidated basis and 50% on a separate basis, with dividends per share growing at least 10% a year, the company said in a filing on Friday.
The plan ties payouts to two solvency measures. It defines an operating band of 150% to 220% for the K-ICS capital ratio and 100% to 400% for dividend coverage — distributable profit divided by expected dividends — and sets a safety floor at K-ICS 180% and coverage 200%.
That band is wider than the one in the value-up plan DB Insurance (005830) filed on 23 March. Clearing 220% and 400% together triggers a review of additional returns; falling below 150% or 100% triggers a review of reducing them.
Applied to the ₩1,790.6bn of net income DB Insurance reported for FY2025, a 40% consolidated return ratio would come to ₩716.2bn.
On capital efficiency the plan sets a core target of holding return on equity at least two points above cost of equity, a supporting target of 200% for available over required K-ICS capital, and requires new business to clear the risk-free rate.
The company paid ₩460.9bn for FY2025, a 25.8% payout, up 12.8% from ₩408.3bn the year before.
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| Symbol | Last Price |
|---|---|
| 005830DB Insurance Co., Ltd. | ₩195,700 -3.6% |