Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 654

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 654
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                                  |     |                |     49,586 |   |     |          |  252,216 |   |     |            | — |     |           |   — |   |     |         |   — |   |     |     | — |     |       |    301,802 |   |
| Total insurance finance income and expense recognized in current profit or loss                        |     |                      |     |                                  |     |                |    (13,888 | ) |     |          |  (85,506 | ) |     |            | — |     |           |   — |   |     |         | (45 | ) |     |     | — |     |       |    (99,439 | ) |
| Insurance finance income and expense recognized as other comprehensive income (*)                      |     |                      |     |                                  |     |                | (3,124,198 | ) |     |          |  (47,215 | ) |     |            | — |     |           | (47 | ) |     |         | (26 | ) |     |     | — |     |       | (3,171,486 | ) |
| Reinsurance finance income and expense recognized in other comprehensive income (*)                    |     |                      |     |                                  |     |                |     (2,098 | ) |     |          |        — |   |     |            | — |     |           |   7 |   |     |         |  18 |   |     |     | — |     |       |     (2,073 | ) |
| Total insurance finance income and expense recognized in profit or loss and other comprehensive income |     |                      |     |                                  |     |              W | -3,140,184 |   |     |          | (132,721 | ) |     |            | — |     |           | (40 | ) |     |         | (53 | ) |     |     | — |     |       | (3,272,998 | ) |

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

F-2 7 6

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (In millions of won) December 31, 2023 and 2024

| 30. | Investment contract liabilities |

Details of investment