Shinhan plans 77.04% Lotte Non-Life Insurance acquisition

The 77.04% interest would make Lotte Non-Life Insurance a subsidiary, subject to regulatory approval and related procedures.

Rhea-AI Filing Summary

Shinhan Financial Group resolved on October 13, 2026, to acquire 239,082,287 common shares of Lotte Non-Life Insurance for KRW 693,338,632,300, representing 77.04% of its total issued shares. The cash acquisition is intended to make Lotte Non-Life Insurance a subsidiary for management participation. Completion is subject to relevant regulatory approval and related procedures; the scheduled acquisition date is to be determined. The stated acquisition amount may change, with the final amount to be confirmed at closing.

Lotte Non-Life Insurance’s FY2025 sales amount was KRW 3,220,671,000,000, defined as insurance revenues and investment revenues, and net income was KRW 51,331,000,000, compared with KRW 24,221,000,000 in FY2024 and KRW 285,581,000,000 in FY2023. Shinhan Financial Group’s equity capital was KRW 60,372,324,867,921 as of December 31, 2025; the acquisition amount was reported as 1.15% of that figure.

Positive

• Minor pointLotte Non-Life net income rose from KRW 24,221,000,000 in FY2024 to KRW 51,331,000,000 in FY2025.

Negative

• Minor pointLotte Non-Life net income fell from KRW 285,581,000,000 in FY2023 to KRW 24,221,000,000 in FY2024.

Key Figures

Common shares to be acquired: 239,082,287 shares Acquisition amount: KRW 693,338,632,300 Shareholding after acquisition: 77.04% +5 more

8 metrics

Common shares to be acquired 239,082,287 shares Lotte Non-Life Insurance acquisition

Acquisition amount KRW 693,338,632,300 Subject to change; final amount to be confirmed upon closing

Shareholding after acquisition 77.04% Of Lotte Non-Life Insurance’s total issued shares

Equity capital KRW 60,372,324,867,921 Shinhan Financial Group, as of December 31, 2025

Sales amount KRW 3,220,671,000,000 Lotte Non-Life Insurance, FY2025

Net income KRW 51,331,000,000 Lotte Non-Life Insurance, FY2025

Net income KRW 24,221,000,000 Lotte Non-Life Insurance, FY2024

Net income KRW 285,581,000,000 Lotte Non-Life Insurance, FY2023

Key Terms

Equity Capital, Sales Amount, K-IFRS Standards No. 1109 (Financial Instruments), K-IFRS Standards No. 1117 (Insurance Contracts)

4 terms

Equity Capital financial

"Ratio to Equity Capital"

Equity capital is the money investors provide to a company in exchange for ownership, usually through shares. It matters to investors because it represents their claim on the company’s profits and assets and influences control, risk and potential returns — think of it as buying a slice of a business pie: if the pie grows, your slice becomes more valuable, but if the business struggles, your slice is at greater risk than the company’s debt.

Sales Amount financial

"Sales Amount represents the aggregate amount of insurance revenues and investment revenues"

K-IFRS Standards No. 1109 (Financial Instruments) technical

"K-IFRS Standards No. 1109 (Financial Instruments)"

K-IFRS Standards No. 1117 (Insurance Contracts) technical

"K-IFRS Standards No. 1117 (Insurance Contracts)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Lotte Non-Life Insurance shares is SHG acquiring, and for how much?

Shinhan Financial Group resolved to acquire 239,082,287 common shares for KRW 693,338,632,300 in cash. The stated acquisition amount may change, and the final amount will be confirmed upon closing.

What percentage of Lotte Non-Life Insurance would SHG own after the acquisition?

Shinhan Financial Group would hold 77.04% of Lotte Non-Life Insurance’s total issued shares. The acquisition is intended to make Lotte Non-Life Insurance a subsidiary and is subject to relevant regulatory approval and related procedures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/13/2026 - 06:51 AM EDT Accepted by SEC EDGAR 10/13/2026 - 06:51 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

—————————————

FORM 6-K

—————————————

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of October 2026

Commission File Number: 001-31798

—————————————

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

—————————————

20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)

—————————————

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

Acquisition of Shares of Lotte Non-Life Insurance Co., Ltd.

On October 13, 2026, the Board of Directors of Shinhan Financial Group Co., Ltd. (“Shinhan Financial Group”) made a resolution to acquire a 77.04% equity interest in Lotte Non-Life Insurance Co., Ltd. (“Lotte Non-Life Insurance”) for the purpose of making it a subsidiary.

The key details of the acquisition are as follows:

1. Number of Shares to be acquired: 239,082,287

2. Acquisition Amount (KRW): 693,338,632,300

3. Equity Capital (KRW): 60,372,324,867,921 (based on the consolidated financial statements of Shinhan Financial Group as of December 31, 2025)

4. Ratio to Equity Capital: 1.15%

5. Number of Shares Held and Shareholding Ratio after the Acquisition: 239,082,287 shares representing 77.04% of Lotte Non-Life Insurance’s total issued shares.

6. Acquisition Method: Acquisition in Cash

7. Purpose of Acquisition: To enhance the competitiveness of the financial group (For the purpose of management participation)

8. Scheduled Acquisition Date: To be determined (subject to the completion of the relevant regulatory approval process and other related procedures)

9. Other material information

- The shares to be acquired are common shares

- Above ‘2. Acquisition Amount’ is subject to change, and the final acquisition amount will be confirmed upon closing of the transaction.

- The "Condensed Financial Statement of Issuing Company" set forth below is based on the financial statements of Lotte Non-Life Insurance for the Current year(FY2025), Last year(FY2024), and the year before last(FY2023). Beginning in FY2023, K-IFRS Standards No. 1109 (Financial Instruments) and No. 1117 (Insurance Contracts) have been applied. Sales Amount represents the aggregate amount of insurance revenues and investment revenues.

- This disclosure is provided as the final response to the clarification disclosures filed on June 29, 2026, and July 28, 2026, regarding media reports on Shinhan Financial Group's proposed acquisition of Lotte Non-Life Insurance, which were previously disclosed as "Clarification of Rumor or Media Report (Undetermined)" and "Clarification of Rumor or Media Report (Undetermined - Re-disclosure)," respectively.

						(Mil. KRW)
	Total Asset	Total Liabilities	Total Shareholders’ Equity	Capital Stock	Shares Amount	Net Income
FY2025	14,410,299	13,796,795	613,504	310,336	3,220,671	51,331
FY2024	15,541,478	14,747,238	794,239	310,336	3,151,517	24,221
FY2023	14,912,417	13,610,757	1,301,661	310,336	2,559,094	285,581

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				Shinhan Financial Group Co., Ltd.
				(Registrant)
Date: October 13, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer