Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 514

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 514
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, which is an asset according to risk level, as of December 31, 2023 and December 31, 2024 are as follows:

|           |     |                                2023 |        |     |                            |       |     |                                2024 |   |     |                            |     |
|           |     | Reinsurance residualcoverage assets |        |     | Reinsuranceincident assets |       |     | Reinsurance residualcoverage assets |   |     | Reinsuranceincident assets |     |
| AA+ ~ AA- |     |                                   W | 38,207 |     |                            | 5,204 |     |                                     | — |     |                            | 146 |

| viii) | Interest rate risk arising from insurance contracts |

The impact of exposure to interest rate risk and interest rate changes on profit and loss and capital as of December 31, 2023 and December 31, 2024 are as follows:

| viii-1) | Interest rate risk exposure |

|                                                            |     | 2023 |            |     | 2024 |            |
| Exposure to financial products measured at fair value (*1) |     |    W | 46,700,713 |     |      | 48,843,348 |
| Exposure to insurance contract (*2)                        |     |      | 36,758,783 |     |      | 39,820,035 |
| Net exposure (financial products - insurance contracts)    |     |    W |  9,941,930 |     |      |  9,023,313 |

| (*1) | It is the total amount of financial assets measured at fair value through profit or loss, financial assets measured at fair value through other comprehensive income, and derivative assets (liabilities). |

| (*2) | It is the total amount excluding the contractual service margin from the remaining coverage elements of insurance contract liabilities and reinsurance contract assets (liabilities). |

| viii-2) | Interest rate risk sensitivity |

|                           |     |                  2023 |         |   |     |                |            |   |     |                  2024 |         |   |     |                |            |   |
|                           |     | Profit and losseffect |         |   |     | Capital effect |            |   |     | Profit andloss effect |         |   |     | Capital effect |            |   |
| 100 bp Increase           |