Daol cuts target for Hanwha Life stock to KRW 6,000

Published on 10/25/2026 at 01:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter net loss is projected at KRW 39.9 billion on October 23, 2026. For Hanwha Life stock, K-ICS is forecast at 165.00 percent.

Capital and earnings signals

On October 23, 2026, Daol Investment & Securities projected a KRW 39.9 billion third-quarter net loss.
The board approved bonds up to KRW 800 billion on October 20, 2026.
Third-quarter contractual service margin was forecast at KRW 706.5 billion on October 23, 2026.

Hanwha Life, KR7088350004, Illustration mit AI erstellt.

Hanwha Life Insurance (KR7088350004) faces a projected KRW 39.9 billion third-quarter net loss, with CHOSUNBIZ reporting on October 23, 2026 that Daol Investment & Securities cut its target from KRW 7,000 to KRW 6,000. The forecast shifts attention from capital strength to investment results and new-business momentum.

Three events reshape the outlook

On September 29, 2026, Hanwha Life agreed to acquire an Acuon Capital stake for approximately KRW 440 billion, according to MarketScreener. On October 20, 2026, the board approved bond issuance of up to KRW 800 billion, also reported by MarketScreener. On October 23, 2026, Daol lowered its target to KRW 6,000 while projecting a KRW 39.9 billion net loss, according to CHOSUNBIZ.

What does the forecast mean for capital?

The immediate issue is earnings volatility rather than a collapse in the insurer's capital position. CHOSUNBIZ said third-quarter investment losses were estimated at KRW 189.9 billion, while the new K-ICS ratio was forecast at 165.00 percent. The same report projected a KRW 41.6 billion operating loss and said third-quarter contractual service margin could reach KRW 706.5 billion, up 2.50 percent from the previous quarter.

The product mix adds a second pressure point. CHOSUNBIZ reported on October 21, 2026 that iM Securities expected a KRW 75.5 billion separate-basis net loss and had cut its target from KRW 5,900 to KRW 5,400. The brokerage also linked the outlook to the suspension of sales of the 700 whole life insurance product and uncertainty over dividend resumption.

Last Korean market indication

Hanwha Life was last at KRW 4,025 on the Korea Exchange on October 23, 2026 at 3:30 p.m. KST. That level leaves the target revisions and the projected investment losses as the clearest near-term valuation signals.