Shinhan Financial Group (SHG) unit plans EUR 115M cash investment for 1% Athora stake

Rhea-AI Filing Summary

Shinhan Financial Group reported that its subsidiary Shinhan Life Insurance resolved to acquire an equity stake in Athora Holding Ltd. Shinhan Life plans to participate in a capital increase of Athora Holding so that it will hold an approximately 1% equity interest after the transaction.

The acquisition price is set at EUR 115,000,000, and the stake will be acquired in cash. The stated purpose of this investment is for general investment purposes, indicating a strategic financial holding in Athora rather than an operating acquisition.

Insights

Banking and insurance sector analyst

Shinhan Life invests EUR 115M cash to take about 1% in Athora.

Shinhan Life Insurance, a subsidiary of Shinhan Financial Group, approved participation in a capital increase of Athora Holding Ltd., targeting roughly a 1% equity interest. The transaction is described as a cash acquisition with an EUR 115,000,000 purchase price, framed explicitly as being for investment purposes.

This move adds an external equity holding to Shinhan Life’s portfolio rather than changing Shinhan’s core banking or insurance operations. Because the filing provides no comparative figures, the relative size versus Shinhan Financial Group’s total assets or capital base cannot be assessed from this information alone. The economic impact will depend on Athora’s financial performance and any future distributions or valuation changes, which are not detailed here.

Key concrete elements are the board resolution on December 5, 2025, the cash nature of the transaction, and the approximate 1% ownership level after the capital increase. Subsequent disclosures from Shinhan Financial Group or Shinhan Life may provide more color on how this stake is accounted for and how it contributes to earnings or capital over time.

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 December 2025

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 

Shinhan Life Insurance, a subsidiary of Shinhan Financial Group,

made a resolution to acquire an equity stake in Athora Holding Ltd.

On December 5, 2025, Shinhan Life Insurance’s board of directors made a resolution participate in a capital increase of Athora Holding Ltd. to hold an approximately 1% equity interest upon the acquisition.

The key details of the acquisition are as follows:

- Acquisition Price: EUR 115,000,000

- Method of Acquisition: Cash acquisition

- Purpose of Acquisition: Investment purpose

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: December 5, 2025				By:		/s/ CHUN Sang Yung
				Name: CHUN Sang Yung
				Title: Chief Financial Officer

FAQ

What did Shinhan Financial Group (SHG) announce in this 6-K filing?

Shinhan Financial Group announced that its subsidiary Shinhan Life Insurance resolved to participate in a capital increase of Athora Holding Ltd., acquiring an equity stake of approximately 1% for investment purposes.

How much is Shinhan Life Insurance investing in Athora Holding Ltd.?

Shinhan Life Insurance plans to invest EUR 115,000,000 in Athora Holding Ltd. as part of a capital increase, with the acquisition price to be paid in cash.

What ownership stake will Shinhan Life hold in Athora after the transaction?

Following the capital increase, Shinhan Life Insurance aims to hold an equity interest of approximately 1% in Athora Holding Ltd.

What is the stated purpose of Shinhan Life’s investment in Athora Holding?

The investment is described as being for investment purpose, indicating that it is intended as a financial stake in Athora Holding Ltd. rather than a full operational acquisition.

How will the Athora stake be acquired by Shinhan Life Insurance?

The Athora Holding Ltd. equity stake will be obtained through a cash acquisition, with Shinhan Life participating in Athora’s capital increase.

When did Shinhan Life’s board approve the Athora investment?

The board of directors of Shinhan Life Insurance approved the resolution to acquire the Athora equity stake on December 5, 2025.