DB Insurance sets shareholder payout goal at 50% by 2030

DB Insurance (KRX:005830) raised its long-term dividend payout target to 50% of earnings by 2030, up from 40%, as the insurer pursues shareholder returns alongside capital building, the company said Wednesday. The insurance subsidiary of Seoul-based DB Financial Group targets double-digit earnings growth through cost discipline and pricing discipline in motor and property lines.

The roadmap signals a shift toward distributions after years of capital accumulation. DB Insurance' solvency ratio stood near regulatory minimums through 2024, limiting payout room. Recent losses in the motor book and expense ratios that softened below peers have begun freeing capital.

DB Insurance' market capitalisation was ₩13.3 trillion at Thursday's close. Gross written premiums in the first half of 2026 rose 3.7% to ₩2.1 trillion. Operating margin improved to 8% from 5% a year earlier as underwriting turned profitable in auto and fire segments for the first time in three years.

The 50% target aligns DB Insurance with Korean bank dividend policies and trails Western property-casualty peers, which average 60-70% payout ratios.