ACGL vs KB

ACGL Material

Annual filing released 2025-02-27 · GPT 6 Luna

Barbican in 2019 also contributed to our reinsurance operations in the London market. Our property facultative reinsurance underwriting operations write business in the U.S., Canada and Europe. In 2021, Arch Re Bermuda completed the acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates (“Somerset Group”). The acquisition included Somerset Group’s motor insurance managing general agent, distribution capabilities through direct and aggregator channels, affiliated insurer and fully integrated claims operation. See “Operations—Reinsurance Operations” for further details on our reinsurance operations. Our mortgage operations include U.S. and international mortgage insurance and reinsurance operations, as well as participation in government sponsored enterprise (“GSE”) credit risk-sharing transactions. The U.S.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

Automobile insurance products. Automobile insurance products are sold to both retail and institutional customers and generally provide coverage for the following types of losses resulting from the policyholder’s ownership or use of an insured automobile: (i) liability to third parties for bodily injuries or death as well as damage to automobiles or other personal property; and (ii) the policyholder’s own bodily injuries and automobile damage or theft. KB Insurance’s automobile insurance policies typically have a coverage period of one year or less. •

(in billions of Won, except as otherwise indicated) Total policies in force (in thousands) 19,579 20,876 23,012 Number of new policies sold (in thousands) 10,818 9,595 12,233 Gross direct written premiums(1) ￦ 12,233 ￦ 12,752 ￦ 13,545 Long-term insurance 7,841 8,383 9,131 Automobile insurance 2,816 2,938 2,967 General property and casualty insurance 1,292 1,249 1,336 Other 285 182 111 Net earned premiums(2) ￦ 10,889 ￦ 11,340 ￦ 12,149 Loss ratio(3) 82.51 % 82.15 % 80.55 % Solvency ratio(4)(5) 171.66 %(6) 215.94 % 186.19 %(7) 59 Table of Contents (1) The amount of direct written premiums recognized in a specified period in respect of policies in force during such period, on a standalone basis.

ACGL Core

Annual filing released 2025-02-27 · GPT 6 Luna

General Arch Capital is a publicly listed Bermuda exempted company with approximately $23.5 billion in capital at December 31, 2024 and is part of the S&P 500 index. Arch provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. While we are positioned to provide a full range of property, casualty and mortgage insurance and reinsurance lines, we focus on writing specialty lines of insurance and reinsurance. For 2024, we wrote $15.7 billion of net premiums and reported net income available to Arch common shareholders of $4.3 billion.

KB Core

Annual filing released 2025-04-25 · GPT 6 Luna

Business We are one of the largest financial holding companies in Korea, in terms of consolidated total assets, and our operations include Kookmin Bank, one of the leading commercial banks in Korea. Our subsidiaries collectively engage in a broad range of businesses, including commercial banking, credit cards, asset management, non-life and life insurance, capital markets activities and international banking and finance. As of December 31, 2024, we had consolidated total assets of ￦758 trillion, consolidated total deposits of ￦436 trillion and consolidated total equity of ￦60 trillion. As part of our commercial banking activities, we provide credit and related financial services to individuals, small- and medium-sized enterprises and large corporate customers. We also provide a full range of deposit products and related services to both individuals and enterprises of all sizes.

We provide these services predominantly through Kookmin Bank. By their nature, our core consumer and small- and medium-sized enterprise operations place a high premium on customer access and convenience. Our combined banking network of 800 branches as of December 31, 2024, one of the most extensive in Korea, provides a solid foundation for our business and is a major source of our competitive strength. This network provides us with a large, stable and cost effective funding source, enables us to provide our customers convenient access and gives us the ability to provide the customer attention and service essential to conducting our business, particularly in an increasingly competitive environment. Our branch network is supplemented by our advanced digital platforms, including KB Star Banking.

ACGL Material

Annual filing released 2025-02-27 · GPT 6 Luna

Arch Re Underwriting ApS in Denmark (“Arch Re Denmark”) is an underwriting agency underwriting accident and health and other reinsurance business for Arch Re Europe. Arch Re Europe also has branches in the U.K., France and Switzerland (“Arch Re Europe Swiss Branch”). From January 1, 2021, under the provisions of the TCA our Irish regulated entities lost their passporting rights into the U.K. Sustainability Considerations. Sustainability matters have been on the CBI's agenda for a number of years. In November 2021, the CBI issued its expectations in respect of climate and broader sustainability issues for all regulated firms in Ireland (including (re)insurers). The CBI's expectations focus on five key areas: governance, risk management, scenario analysis (including, but not limited to, stress testing for the purposes of the ORSA), disclosures and strategy and business model risk.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

ary 2023, in order to maximize the synergy effects in our life insurance operations, we merged the Former KB Life Insurance with and into Prudential Life Insurance, with the surviving entity being called KB Life Insurance Co., Ltd. Through KB Life Insurance, we offer a variety of individual and group life insurance products, including annuities, savings insurance, variable life insurance, whole life insurance and term life insurance as well as health insurance. We utilize our multi-channel distribution platforms to market these products, which includes sales through agencies, financial consultants, telemarketers and bancassurance arrangements with commercial banks and other financial institutions. In 2024, KB Life Insurance generated gross premium of ￦4,531 billion, on a standalone basis.

Long-term insurance products. Long-term insurance products are sold to retail customers and provide protection against various types of losses, with specified coverage periods of at least three years and ranging up to 30 years or ending at specified ages. Unlike general property and casualty insurance products, which usually have a coverage period of one year or less and only have pure protection features, substantially all long-term insurance policies in Korea also have an integrated savings feature. KB Insurance offers a broad range of long-term insurance products covering the policyholder’s injuries, illnesses, long-term care, disabilities, accidents, property losses or other events. •

ACGL Material

Annual filing released 2025-02-27 · GPT 6 Luna

Arch Re Underwriting ApS in Denmark (“Arch Re Denmark”) is an underwriting agency underwriting accident and health and other reinsurance business for Arch Re Europe. Arch Re Europe also has branches in the U.K., France and Switzerland (“Arch Re Europe Swiss Branch”). From January 1, 2021, under the provisions of the TCA our Irish regulated entities lost their passporting rights into the U.K. Sustainability Considerations. Sustainability matters have been on the CBI's agenda for a number of years. In November 2021, the CBI issued its expectations in respect of climate and broader sustainability issues for all regulated firms in Ireland (including (re)insurers). The CBI's expectations focus on five key areas: governance, risk management, scenario analysis (including, but not limited to, stress testing for the purposes of the ORSA), disclosures and strategy and business model risk.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

Long-term insurance products. Long-term insurance products are sold to retail customers and provide protection against various types of losses, with specified coverage periods of at least three years and ranging up to 30 years or ending at specified ages. Unlike general property and casualty insurance products, which usually have a coverage period of one year or less and only have pure protection features, substantially all long-term insurance policies in Korea also have an integrated savings feature. KB Insurance offers a broad range of long-term insurance products covering the policyholder’s injuries, illnesses, long-term care, disabilities, accidents, property losses or other events. •

ary 2023, in order to maximize the synergy effects in our life insurance operations, we merged the Former KB Life Insurance with and into Prudential Life Insurance, with the surviving entity being called KB Life Insurance Co., Ltd. Through KB Life Insurance, we offer a variety of individual and group life insurance products, including annuities, savings insurance, variable life insurance, whole life insurance and term life insurance as well as health insurance. We utilize our multi-channel distribution platforms to market these products, which includes sales through agencies, financial consultants, telemarketers and bancassurance arrangements with commercial banks and other financial institutions. In 2024, KB Life Insurance generated gross premium of ￦4,531 billion, on a standalone basis.

ACGL Core

Annual filing released 2025-02-27 · GPT 6 Luna

General Arch Capital is a publicly listed Bermuda exempted company with approximately $23.5 billion in capital at December 31, 2024 and is part of the S&P 500 index. Arch provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. While we are positioned to provide a full range of property, casualty and mortgage insurance and reinsurance lines, we focus on writing specialty lines of insurance and reinsurance. For 2024, we wrote $15.7 billion of net premiums and reported net income available to Arch common shareholders of $4.3 billion.

KB Core

Annual filing released 2025-04-25 · GPT 6 Luna

Investment Trust Management Through KB Asset Management and KB Securities, we offer investment trust products to customers and manage the funds invested by them in investment trusts. As of December 31, 2024, KB Asset Management and KB Securities had an aggregate of ￦103,030 billion of investment trust assets under management. Insurance Non-Life Insurance Through a series of acquisitions of stock between June 2015 and December 2016 for an aggregate of ￦1.1 trillion, followed by a tender offer in May 2017 and a comprehensive stock swap effected in July 2017, we acquired all of the outstanding shares of KB Insurance Co., Ltd. (formerly named LIG Insurance Co., Ltd.), as a result of which KB Insurance became our wholly-owned subsidiary. KB Insurance offers a variety of non-life insurance products, including principally the following: •

ary 2023, in order to maximize the synergy effects in our life insurance operations, we merged the Former KB Life Insurance with and into Prudential Life Insurance, with the surviving entity being called KB Life Insurance Co., Ltd. Through KB Life Insurance, we offer a variety of individual and group life insurance products, including annuities, savings insurance, variable life insurance, whole life insurance and term life insurance as well as health insurance. We utilize our multi-channel distribution platforms to market these products, which includes sales through agencies, financial consultants, telemarketers and bancassurance arrangements with commercial banks and other financial institutions. In 2024, KB Life Insurance generated gross premium of ￦4,531 billion, on a standalone basis.

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

Investment Trust Management Through KB Asset Management and KB Securities, we offer investment trust products to customers and manage the funds invested by them in investment trusts. As of December 31, 2024, KB Asset Management and KB Securities had an aggregate of ￦103,030 billion of investment trust assets under management. Insurance Non-Life Insurance Through a series of acquisitions of stock between June 2015 and December 2016 for an aggregate of ￦1.1 trillion, followed by a tender offer in May 2017 and a comprehensive stock swap effected in July 2017, we acquired all of the outstanding shares of KB Insurance Co., Ltd. (formerly named LIG Insurance Co., Ltd.), as a result of which KB Insurance became our wholly-owned subsidiary. KB Insurance offers a variety of non-life insurance products, including principally the following: •

For the year ended December 31, 2024, our fee income from our trustee and custodian services was ￦41 billion and revenue collected as a result of administration of the underlying investments was ￦72 billion. Other Businesses Trust Account Management Services Money Trust Management Services We provide trust account management services for both specified money trusts and unspecified money trusts. We receive fees for our trust account management services consisting of basic fees that are based upon a percentage of either the net asset value of the assets or the principal under management and, for certain types of trust account operations, performance fees that are based upon the performance of the trust account operations. In 2024, our basic money trust fees ranged from 0.1% to 2.0% of total assets under management depending on the type of trust account.

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Core

Annual filing released 2025-04-25 · GPT 6 Luna

Business We are one of the largest financial holding companies in Korea, in terms of consolidated total assets, and our operations include Kookmin Bank, one of the leading commercial banks in Korea. Our subsidiaries collectively engage in a broad range of businesses, including commercial banking, credit cards, asset management, non-life and life insurance, capital markets activities and international banking and finance. As of December 31, 2024, we had consolidated total assets of ￦758 trillion, consolidated total deposits of ￦436 trillion and consolidated total equity of ￦60 trillion. As part of our commercial banking activities, we provide credit and related financial services to individuals, small- and medium-sized enterprises and large corporate customers. We also provide a full range of deposit products and related services to both individuals and enterprises of all sizes.

We intend to maintain a professional workforce whose high quality of customer service reflects our goal to achieve and maintain global best practice standards in all areas of operations. Retail Banking Due to Kookmin Bank’s history and development as a retail bank and the know-how and expertise we have acquired from our activities in that market, retail banking has been and will continue to remain one of our core businesses. Our retail banking activities consist primarily of lending and deposit-taking. 38 Table of Contents Lending Activities We offer various loan products that target different segments of the population, with features tailored to each segment’s financial profile and other characteristics. The following table sets forth the balances and the percentage of our total retail lending represented by the categories of our retail loans as of the dates indicated:

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

Through the acquisition of Hyundai Securities and the creation of an integrated securities firm, we sought to strengthen our investment banking and securities brokerage capabilities, as well as to achieve economies of scale. In 2024, we generated net investment banking income of ￦1,879 billion, consisting of ￦648 billion of net interest income and ￦1,231 billion of net non-interest income. Securities Brokerage We provide securities brokerage services through KB Securities. Our activities include provision of brokerage services to our retail and corporate customers relating to a wide range of investment products, including stocks, futures, options, equity- and derivative-linked securities and debt instruments, as well as provision of prime brokerage services to hedge funds.

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

KB Real Estate Trust Co., Ltd. was established in Korea in December 1996 to provide real estate development and brokerage services by managing trusts related to the real estate industry. • KB Investment Co., Ltd. was established in Korea in March 1990 to invest in and finance small- and medium-sized enterprises. • KB Data Systems Co., Ltd. was established in Korea in September 1991 to provide software services to us and other financial institutions. In June 2023, KB Kookmin Card acquired all of the shares of KB Credit Information from us, as a result of which it is now a wholly-owned subsidiary of KB Kookmin Card. Item 4.D. Property, Plants and Equipment Our registered office and corporate headquarters are located at 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea. The following table presents information regarding certain of our properties in Korea:

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

This increase was primarily due to an increase in the average cost of debentures, which was enhanced by an increase in the average balance of debentures. Net fee and commission income attributable to this segment increased 25.4% from ￦614 billion in 2023 to ￦770 billion in 2024, mainly due to a decrease in credit card commissions paid, the effect of which was enhanced by increases in commissions received related to payment gateways and debit card processing fees received. 136 Table of Contents

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

ary 2023, in order to maximize the synergy effects in our life insurance operations, we merged the Former KB Life Insurance with and into Prudential Life Insurance, with the surviving entity being called KB Life Insurance Co., Ltd. Through KB Life Insurance, we offer a variety of individual and group life insurance products, including annuities, savings insurance, variable life insurance, whole life insurance and term life insurance as well as health insurance. We utilize our multi-channel distribution platforms to market these products, which includes sales through agencies, financial consultants, telemarketers and bancassurance arrangements with commercial banks and other financial institutions. In 2024, KB Life Insurance generated gross premium of ￦4,531 billion, on a standalone basis.

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

As of December 31, 2024, we had approximately 13.1 million credit cardholders. Of the credit cards outstanding, approximately 90.7% were active, meaning that they had been used at least once during the previous six months. Our card revenues consist principally of cash advance fees, merchant fees, credit card installment fees, interest income from credit card loans, annual fees paid by cardholders, interest and fees on late payments and, with respect to revolving payment plans we offer, interest and fees relating to revolving balances. Under non-exclusive license agreements with overseas financial services corporations, we also issue MasterCard, Visa, American Express, JCB and China UnionPay credit cards. We issue debit cards and charge merchants commissions in the amount of approximately 1.0% of the amounts purchased using a debit card.

This increase was primarily due to an increase in the average cost of debentures, which was enhanced by an increase in the average balance of debentures. Net fee and commission income attributable to this segment increased 25.4% from ￦614 billion in 2023 to ￦770 billion in 2024, mainly due to a decrease in credit card commissions paid, the effect of which was enhanced by increases in commissions received related to payment gateways and debit card processing fees received. 136 Table of Contents

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

On an SKAS basis, we derived trust fees with regard to trust account management services (including those fees related to property trust management services) of ￦176 billion in 2022, ￦212 billion in 2023 and ￦146 billion in 2024. Property Trust Management Services We also offer property trust management services, where we manage non-monetary assets in return for a fee. Non-monetary assets include mostly securities, but can also include other liquid receivables and real estate. Under these arrangements, we render custodial services for the property in question and collect fee income in return. In 2024, our basic property trust fees ranged from 0.001% to 0.3% of total assets under management depending on the type of trust accounts.

KB Real Estate Trust Co., Ltd. was established in Korea in December 1996 to provide real estate development and brokerage services by managing trusts related to the real estate industry. • KB Investment Co., Ltd. was established in Korea in March 1990 to invest in and finance small- and medium-sized enterprises. • KB Data Systems Co., Ltd. was established in Korea in September 1991 to provide software services to us and other financial institutions. In June 2023, KB Kookmin Card acquired all of the shares of KB Credit Information from us, as a result of which it is now a wholly-owned subsidiary of KB Kookmin Card. Item 4.D. Property, Plants and Equipment Our registered office and corporate headquarters are located at 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea. The following table presents information regarding certain of our properties in Korea:

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

KB Real Estate Trust Co., Ltd. was established in Korea in December 1996 to provide real estate development and brokerage services by managing trusts related to the real estate industry. • KB Investment Co., Ltd. was established in Korea in March 1990 to invest in and finance small- and medium-sized enterprises. • KB Data Systems Co., Ltd. was established in Korea in September 1991 to provide software services to us and other financial institutions. In June 2023, KB Kookmin Card acquired all of the shares of KB Credit Information from us, as a result of which it is now a wholly-owned subsidiary of KB Kookmin Card. Item 4.D. Property, Plants and Equipment Our registered office and corporate headquarters are located at 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea. The following table presents information regarding certain of our properties in Korea:

ACGL Not tagged

Annual filing released 2025-02-27 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

KB Material

Annual filing released 2025-04-25 · GPT 6 Luna

KB Real Estate Trust Co., Ltd. was established in Korea in December 1996 to provide real estate development and brokerage services by managing trusts related to the real estate industry. • KB Investment Co., Ltd. was established in Korea in March 1990 to invest in and finance small- and medium-sized enterprises. • KB Data Systems Co., Ltd. was established in Korea in September 1991 to provide software services to us and other financial institutions. In June 2023, KB Kookmin Card acquired all of the shares of KB Credit Information from us, as a result of which it is now a wholly-owned subsidiary of KB Kookmin Card. Item 4.D. Property, Plants and Equipment Our registered office and corporate headquarters are located at 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea. The following table presents information regarding certain of our properties in Korea: