Meritz Financial Group net profit hits 1.47 trillion won
The financial holding company reported a consolidated net profit of 1.47 trillion won for the first half of 2026.
Meritz Financial Group, a financial and insurance holding company, recorded a consolidated net profit of 1.47 trillion won for the first half of 2026, an 8.3% increase compared to the same period last year. The company reported a consolidated operating profit of 1.82 trillion won for the half-year, which rose 9.0% year-on-year. For the second quarter of 2026, net profit reached 791.4 billion won, up 7.3% from the prior year's second quarter. Total assets grew 9.7% from the end of 2025 to reach 148.5 trillion won, and the company achieved a return on equity of 26.8%.
Performance was driven by strong results across its primary subsidiaries. Meritz Fire and Marine Insurance earned a standalone net profit of 1.02 trillion won in the first half through a strategy focused on securing profitable new contracts. Meritz Securities reported a consolidated net profit of 514 billion won for the same period, aided by asset management performance and improved retail results amid a stock market boom. Meritz Capital saw its first-half net profit rise 13 billion won year-on-year to 86 billion won.
Within the securities business, the retail segment saw net profit climb 13,994% year-on-year to 44.6 billion won, as interest income from credit extensions, financial product sales, and brokerage commissions increased due to the stock market rally. The Sales and Trading division also grew, with net profit rising 53% year-on-year to 214.7 billion won due to higher institutional trading volumes and gains from equity and bond management. Conversely, the corporate finance division saw net profit drop 77% year-on-year to 42 billion won, which the company attributed to a slowdown in new deal sourcing and the recording of large provisions and delayed recovery of non-performing loans.
Meritz Capital reported a 25% year-on-year increase in net profit to 83.6 billion won. The company noted a continuous increase in financial assets centered on used cars and rental cars.
The company said it will continue to pursue risk management capacity strengthening, the implementation of management efficiency, and the establishment of profitability management to ensure stable long-term growth. It also stated it will work to maintain the highest level of profitability in the industry by focusing on customers to secure service competitiveness and strengthening soundness through a preemptive crisis response system.