meritz Financial Group

I would like to begin by expressing my deepest gratitude for your unwavering trust and steadfast support for Meritz Financial Group.

In 2025, despite a global geopolitical instability and a rapidly shifting financial environment, Meritz Financial Group once again achieved record-breaking performance. This success was driven by our uncompromising commitment to value-driven management and the formidable competitive edge held by our subsidiaries.

Meritz Fire & Marine Insurance demonstrated its robust earning power by posting a consolidated net profit of KRW 1.69 trillion. Despite industry-wide challenges, including rising medical costs, we secured high-quality revenue and delivered exceptional asset management results.

Meritz Securities saw synchronized growth across its Corporate Finance and Sales & Trading divisions. Through proactive investment sourcing and agile market adaptation, the company achieved a consolidated net profit of KRW 766.3 billion, a 10% increase from the previous year.

Meritz Capital maintained a disciplined approach to risk management despite a downturn in industry conditions, recording a consolidated net profit of KRW 116.3 billion.

Supported by the strong performance of our key subsidiaries, Meritz Financial Group’s consolidated assets grew by 17% year-over-year to reach KRW 135.5 trillion. Furthermore, our consolidated net profit reached an all-time high of KRW 2.35 trillion.

However, we will not rest on the laurels of our record-breaking annual growth. To honor our commitment to "Sustainable Innovation" and "Transparent Shareholder Returns," we will focus our strategic efforts on the following three core values:

• First, we will place 「Customer Satisfaction and the Enhancement of Shareholder Value」 at the forefront of our management priorities.

  Our customers and shareholders are the very reason Meritz Financial Group exists. We will maximize operational efficiency to ensure that the value we create is returned to you in a fair and transparent manner.

• Second, we will spearhead the future of finance through 「AI-Driven Value Management.」

  AI has evolved beyond a mere technological tool to become a fundamental determinant of corporate competitiveness. By integrating advanced AI-driven pricing analytics and systemic innovation, we will create differentiated value and lead the evolution of the financial industry.

• Third, we will build a financial group with an unshakable foundation by establishing「Efficient Internal Controls.」

  Every subsidiary within the Group is currently re-evaluating and redefining its internal control systems from the ground up. Our entire team is united in guarding against complacency and bureaucracy, arming ourselves with a rigorous compliance mindset to ensure our Group stands on an unshakable foundation.

At Meritz Financial Group, we believe that the scale of our employees' dreams determines the ultimate size of our company. Our collective dream is to become the premier financial group-one that sets a standard previously unseen in the market.

I ask for your continued support on this ambitious journey and sincerely wish you and your families lasting health and happiness.

Thank you.

March 26, 2026
Yong Beom Kim
Vice Chairman & CEO