Showing posts with label grade. Show all posts
Showing posts with label grade. Show all posts

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.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Monday, February 27, 2017

NH Agricultural life insurance solvency rating AAA grade obtained



It has received the highest rating of AAA rating from the Korea Financial gimmingyeong newspaper reporter] NH Agricultural Life insurance solvency rating from the 23rd NICE and Korea Ratings credit rating.

To assess the overall solvency insurance and related financial soundness of insurance companies in the 'insurance solvency assessment "means at some point. Through this evaluation it can easily recognize the status of the credit insurer, by reflecting them in decision-making and improve the efficiency of insurance markets can ultimately contribute to protecting the interests of policyholders.

NH Agricultural life is not receiving the credit rating and this is the first time. One 'AAA rating, the highest rating of a total of 10 ratings acquisition, means the highest level of solvency and default risk is almost no.

NH Agricultural Life has an extensive sales network throughout the country based on agriculture and Livestock channels, reportedly it received a high rating points to that total assets and premium income has a market position based on the above four life insurance industry. The viscosity that laying the substantial strengthening of protection-type insurance sales life insurance mainly contributed to the score.

The magazine said the financial aspects points to the strengths of the asset quality and capital adequacy, and maintain an excellent level. NH Agricultural Life fell RBC ratio in accordance with the rise in interest rates, because three times higher than last year's third quarter to 200%, and recorded a level RBC ratio of the securities of the held-to-maturity securities proportion (69.6%) and the industry average (23.4%). less likely.

NH Agricultural Life official said, "was able to convey capture the public trust that our customers through this credit rating acquisition of deumjik a company that NACF life is incredible," he built an "ever-confidence, maintaining a solid credit farm income ₩ 50,000,000 times He said that the opening will be the driving force behind the ".



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com