Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 629

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 629
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 |         — |     |       |    360,411 |   |
|                                                 |     | Etc.                                                                     |     |                             |    (28,208 | ) |     |                | (20,122 | ) |     |                |         — |     |       |    (48,330 | ) |
|                                                 |     |                                                                          |     |                             |    332,203 |   |     |                |  47,812 |   |     |                | 1,675,150 |     |       |  2,055,165 |   |
| Investment factors and insurance premium refund |     |                                                                          |     |                             | (4,769,963 | ) |     |                |       — |   |     |                | 4,769,963 |     |       |          — |   |
| Insurance finance income and expenses           |     | Current profit or loss                                                   |     |                             |  1,697,955 |   |     |                |  17,375 |   |     |                |    63,930 |     |       |  1,779,260 |   |
|                                                 |     | Other comprehensive income                                               |     |                             |  3,125,467 |   |     |                |  42,685 |   |     |                |     3,306 |     |       |  3,171,458 |   |
|                                                 |     |                                                                          |     |                           W |  4,823,422 |   |     |                |  60,060 |   |     |                |    67,236 |     |       |  4,950,718 |   |

<div align='center'>F-24 9</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       |            |