Tuesday, February 28, 2017

Insurance industry January grade 'good' ... Earnings rise



[Korea gimmingyeong financial newspaper reporter] 28 days was announced in January earnings of life insurers. Samsung and Hyundai Marine & Fire and Dongbu Insurance · KB 'big four' took a strong sexual life insurers were found to improve thanks to the auto loss ratio.

Samsung Fire & Marine Insurance posted a net profit of 276.97 billion won increased by 226.8% YoY. Operating profit also beat the 361.736 billion won increased by 209.4%.

Net income was also increased by 128.5 percent to 62.2 billion won compared to the same month of the previous year, Dongbu Insurance. Operating profit also increased by 85.7 billion won compared to the same period of 112.6%.

It was also recorded slight gains Hyundai Insurance and KB. Hyundai's net profit was 38.1 billion won increased slightly by 8.1%, while operating profit rose 12 percent to 53 billion won.

KB life insurance increased 35.9% to a record 41.9 billion won in net income compared to the same month last year. Operating profit increased 30.1% to 58.6 billion won was.



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