[Goyounghun financial newspaper reporter Korea] was IBK Investment & Securities has given 31 days for life insurance KB synergies with KB Financial Group expects doendamyeo recommendation to BUY Target price 35,000 won.
In February 2017 net profit of KB's non-life insurance declined 12.5% YoY to 25.1 billion won, fell 40.1% in the previous month bihaeseodo.
IBK Investment & Kim Jiyoung researchers dwaeteuna improvement "why profits have decreased long-term risk loss ratio and the expense ratio attributable to the rise and investment profit reduction" and "Looking at the security classification ratio general insurance loss ratio was 16.1% points YoY to 70.6% were to rise by 6.0% points compared to the previous month, "said diagnosis.
This is because it was despite a 4.8% drop respectively compared to the same month last year and last month auto insurance loss ratio to 76.4% and 5.7% of accidents line.
Kim, the researchers said, "because the long-term loss ratio was year earlier and rose 0.7% MoM, 1.2% to 86.0% while the claims of the Lunar New Year holiday in January escalated in February was the long-term risk loss ratio rose by 6.6% points." " It also increased the expense ratio was recorded a year earlier and 0.8%, respectively, compared to the previous month, 1.1%, up 19.9%, which was explained as due to a special one-off costs such as severance pay was 4.5 billion won. "
He added, "I investment profit in February this year decreased by 12.5% and 40.1% YoY in the same month and the previous month to 59.7 billion won, the cumulative return on investment is the level of concern to the 3.5% level, no," he said, "compared to 9.1% last year, up 322.6 billion won the two-digit return on equity as a stable net income (ROE) is expected, the earnest KB financial stock prices due to the synergistic effect of the holding is expected and predicted. "
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Friday, March 31, 2017
KB Insurance, Financial Holdings and synergies expected -IBK Securities
