Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 640

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 640
---
 ) |     |                         |      — |   |     |                         |       — |   |     |       | (28,839 | ) |
|                                                          |     | Etc.                                          |     |                             |  (28,514 | ) |     |                         |      — |   |     |                         |       — |   |     |       | (28,514 | ) |
|                                                          |     |                                               |     |                             |  (57,353 | ) |     |                         |      — |   |     |                         |       — |   |     |       | (57,353 | ) |
| Recovery of investment elements and reinsurance premiums |     |                                               |     |                             | (143,510 | ) |     |                         |      — |   |     |                         | 143,510 |   |     |       |       — |   |
| Reinsurance finance income and expense                   |     | Current profit or loss                        |     |                             |   (1,350 | ) |     |                         |     37 |   |     |                         |   1,375 |   |     |       |      62 |   |
|                                                          |     | Other comprehensive income                    |     |                             |   (2,685 | ) |     |                         |    244 |   |     |                         |     350 |   |     |       |  (2,091 | ) |
|                                                          |     |                                               |     |                           W |   (4,035 | ) |     |                         |    281 |   |     |                         |   1,725 |   |     |       |  (2,029 | ) |

<div align='center'>F-2 61</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 28. | Insurance contract liabilities (continued) |

|                          |     |                                                                     |     |                        2024 |          |   |     |                         |        |   |     |                         |          |   |     |       |          |   |
|                          |     |                                                                     |     | Remaining coverage elements |          |   |     |                         |        |   |     | Incurred claim elements |          |   |     | Total |          |   |
|