Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 645

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 645
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 |     |                   — |        |     |                          — |        |     |      — |        |     |      — |         |     | (43,405  |       ) |   |
|                                         | Receipt of investment elements and refund of insurance premiums |                                               |     |               (152,052 |        ) |   |     |                   — |        |     |                          — |        |     |      — |        |     |      — |         |     | (152,052 |       ) |   |
|                                         |                                                                 |                                               |     |                        |   33,862 |   |     |                     |      — |     |                            |      — |     |        |      — |     |        |       — |     |          |  33,862 |   |
| Other increase/decrease                 |                                                                 |                                               |     |                        |      351 |   |     |                     |      — |     |                            |      — |     |        |      — |     |        |       — |     |          |     351 |   |
| Ending balance                          |                                                                 | Reinsurance contract assets                   |     |                        |  (26,683 | ) |     |                     | 18,538 |     |                            | 15,224 |     |        | 55,735 |     |        |  70,959 |     |          |  62,814 |   |
|                                         | Reinsurance contract liabilities                                |                                               |     |               (182,136 |        ) |   |     |              28,620 |        |     |                     24,066 |        |     | 36,288 |        |     | 60,354 |         |     | (93,162  |       ) |   |
|                                         |                                                                 | Net reinsurance contract assets (liabilities) |     |                      W | (208,819 | ) |     |                     | 47,158 |     |                            | 39,290 |     |        | 92,023 |     |        | 131,313 |     |          | (30,348 | ) |

<div align='center'>F-2 6 6</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

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