DB손해보험, 외형 성장에도 당기순익 타격…대형사고 영향 얼마나

DB Insurance exemplifies the insurance industry's structural challenge: explosive growth in top-line revenue cannot offset surging loss ratios and major claim events, resulting in a 39.9% net income collapse despite 16.2% revenue expansion in Q1 2026. This disconnect reveals how underwriting discipline and claims management, not sales volume, determine insurer profitability. The company's strong capital position provides breathing room, but sustained margin pressure across all business lines signals the industry must prioritize pricing discipline over market share gains.