Hanwha Investment cuts target for DB Insurance stock to KRW 247,000
Published on 10/14/2026 at 01:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and earnings risks
- Hanwha Investment reduced its DB Insurance target to KRW 247,000 on October 12, 2026.
- Third-quarter net income was forecast at KRW 381.90 billion, 22.00 percent below consensus.
- NH Investment forecast investment income of KRW 226.50 billion for the third quarter.
- DB Insurance reported KRW 875.91 billion in second-quarter net income on August 13, 2026.
DB Insurance stock (ISIN KR7005830005) faces a lower analyst target after Hanwha Investment cut its valuation from KRW 260,000 to KRW 247,000 on October 12, 2026. The same report forecast third-quarter net income of KRW 381.90 billion, 30.00 percent above the prior year but 46.00 percent below the prior quarter and 22.00 percent below consensus, citing losses on investment assets. The KRX price was last at KRW 195,000.00 on October 13, 2026 at 3:30 p.m. KST.
Target cut sharpens earnings debate
According to Newspim on October 12, 2026, Hanwha Investment lowered its target from KRW 260,000 to KRW 247,000. The revised target was still above the six-month average target of KRW 231,375 cited in the report, while the projected earnings shortfall places greater weight on the insurer's investment portfolio.
Investing.com reported on October 13, 2026 that NH Investment forecast third-quarter net income of KRW 385.90 billion, up 31.70 percent year over year but below consensus. Investment income was projected at KRW 226.50 billion, down 24.80 percent year over year, while insurance income was forecast at KRW 283.70 billion, up 181.00 percent.
What does the latest profit show?
DB Insurance's second-quarter net income was KRW 875.91 billion, compared with KRW 239.58 billion in the first quarter of 2026, according to the standardized financial statements for the period ended June 30, 2026. Pflow reported second-quarter operating profit of KRW 1.20 trillion and a 17.57 percent operating margin, versus KRW 413.00 billion and a 5.81 percent margin in the first quarter.
Three dated company milestones
On November 14, 2025, DB Insurance's third-quarter operating profit was KRW 441.30 billion and net income was KRW 328.10 billion. On August 13, 2026, second-quarter net income reached KRW 875.91 billion, according to the company's IR report listing and financial-period data. On October 12, 2026, Hanwha Investment cut its target to KRW 247,000, making the analyst action the latest dated milestone.
Next reporting date
ATS View lists November 16, 2026 as the filing deadline for the quarterly report covering the September 2026 period. That date gives investors a defined checkpoint for comparing the forecast investment loss with the reported result.
KRW 195,000 price reference
DB Insurance was last quoted at KRW 195,000.00 on the KRX on October 13, 2026 at 3:30 p.m. KST, with a 52-week range of KRW 118,100.00 to KRW 214,000.00 and market capitalization of KRW 11.8 trillion. The distance from the latest price to the 52-week high was 8.88 percent, calculated in Korean won.
Market context: Market report KOSPI.
