[Korea gimmingyeong financial newspaper reporter] gongmoga of ING Life being promoted its IPO (IPO) has been confirmed as 33,000 won. ING Life after receiving the offer retail investors across the 27 and 28th days will arrive in the next month KOSPI market.
ING Life announced on the 24th that confirmed the results last 6 to 21 gongmoga a forward demand forecast target for domestic and foreign institutional investors from the day Tuesday.
ING gongmoga of life that slightly exceeds the initial desires gongmoga ING Life is the life insurance industry is expected to be unusually high among cheongyakryul based on a solid financial strength and performance.
Life Insurance listed companies were unable myeonchi sluggish in the meantime gongmoga. It is regulated by the financial authorities are in deep contrast with prolonged low interest rates and IFRS17 (New International Financial Reporting Standards), which introduced because the judge is less growth.
The statement Hanwha Life and Mirae Asset Life hopes IPO band bottom of the mitdolat and Samsung Life IPO only hope is in for such investors gongmoga decided at the top level of life insurance has gotta rating less attractive stocks.
In relation to the industry as the IPO of ING Life beyond this 31,500 won on hopes gongmoga predicted that "broke the listed risk '.
Meanwhile, ING Life has gotta rated 'big fish' in the IPO market. ING ING belongs to the group life is being evaluated is equipped with world-class financial soundness. Late last year amounted to 319% was recorded based on the life insurance industry's highest lead of both the Samsung Life (304%), Hanwha Life (200%).
In particular, ING Life is reportedly also a mere 10.2% of the end of last year, profitability is the main culprit rate determinate insurance liabilities of life insurers. The four levels lower than half of the listed companies is 23.1% on average. As the prolonged low interest rate environment that life insurers have been selling rate determinate insurance liabilities grabbed my ankle. This negative margin is a possibility one can not earn enough return on investment to customers as promised return on investment dropped because grown with. The coupon-type insurance liabilities is low it means it will have no visible damage other insurers less than a guaranteed product and sell high fixed interest rate decreases.
Jeongmunguk ING Life President "decided to gongmoga a market-friendly way on the basis of demand forecasts," said "in the wake of the KOSPI traded more management policy to pursue profitable growth, efficiency, capital and risk-optimal balance between management and strengthen, ING will show the look out after the differentiated value of life only, "he said aspirations.
Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com
