Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 653

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 653
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                |    (28,276 | ) |     |          |        — |   |     |            | — |     |           | (7  | ) |     |         |   — |   |     |     | — |     |       |    (28,283 | ) |
| Total insurance finance income and expense recognized in profit or loss and other comprehensive income |     |                      |     |                                  |     |              W | (2,967,361 | ) |     |          | (537,978 | ) |     |            | — |     |           | (22 | ) |     |         | (38 | ) |     |     | — |     |       | (3,505,399 | ) |

| (*) | Finance income and expense recognized as other comprehensive income are before deducting corporate tax effects. |

<div align='center'>F-2 7 5</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 29. | Insurance finance income and expense (continued) |

|                                                                                                        |     |                      |     |                                  |     |           2024 |            |   |     |          |          |   |     |            |   |     |           |     |   |     |         |     |   |     |     |   |     |       |            |   |
|                                                                                                        |     |                      |     |                                  |     | Life insurance |            |   |     |          |          |   |     |            |   |     | Non-life  |     |   |     |         |     |   |     |     |   |     | Total |            |   |
|                                                                                                        |     |                      |     |                                  |     |        General |            |   |     | Variable |          |   |     | Retirement |   |     | Long-term |     |   |     | General |     |   |     | Car |   |     |       |            |   |
| Insurance finance income                                                                               |     | Insurance contract   |     | Exchange rate fluctuation effect |     |              W |     13,896 |   |     |          |        — |   |     |            | — |     |           |   — |   |     |         |