Exhibit 99.3
Report of Change in Revenue or Profit of More than 15% (Shinhan Life)
On February 8, 2024, Shinhan Financial Group reported changes in the revenue and profit of Shinhan Life as described below.
Key Details (consolidated)
| | | | |
Details of changes (KRW thousands) | FY2023 | FY2022 | Change (Amount) | Change (%) |
Revenue and Profit |
-Sales | 6,451,715,000 | 6,377,305,000 | 74,410,000 | 1.17 |
-Operating income | 659,057,000 | 550,580,000 | 108,477,000 | 19.70 |
-Net income from continuing operation before income tax | 639,553,000 | 532,906,000 | 106,647,000 | 20.01 |
-Net income | 472,395,000 | 449,392,000 | 23,003,000 | 5.12 |
Main causes for changes in sales or profits/losses amount | Financial instrument investment valuation gains and losses due to the fluctuations of the market interest rate |
Other Financial Date |
-Total assets | 58,641,345,000 | 56,501,131,000 | |
-Total liabilities | 50,218,211,000 | 48,380,592,000 | |
-Total shareholders' equity | 8,423,134,000 | 8,120,539,000 | |
-Capital stock | 578,274,000 | 578,274,000 | |
-Total shareholders' equity/capital stock ratio (%) | 1,456.6 | 1,404.3 | |
Note: 1) The financial information in this material has been prepared in accordance with Korean International
Financial Reporting Standards.
2) The financial figures for periods starting January 1, 2023 have been stated in accordance with K-IFRS
No.1117, ‘Insurance Contracts’. The figures for same term of last year have been restated for the
purpose of improved comparability.
3) 'Sales Amount' represents the sum of interest revenues, fees and commissions revenues, and other
operating revenues.
4) The above amounts are rounded up to the nearest 100,000 won.
