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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Marine & Fire Insurance earned KRW 786 billion in net profit in the third quarter of this year, but its net profit fluctuation was not significant due to the application of the revised retroactive law as an accounting method.
According to Hyundai Marine & Fire Insurance on the 14th, the cumulative net profit for the third quarter of this year was 786 billion won, down 8% from a year earlier. Net profit for the third quarter was 289 billion won, up 59.3% from 182 billion won in the previous quarter.
Insurance gains and losses and investment gains and losses, which make up the net profit, recorded 754 billion won and 312 billion won, respectively, in the third quarter.
On top of that, the company earned 786 billion won in net profit by deducting corporate tax and non-operating profit and loss. Insurance gains and losses amounted to 71 billion won, 207 billion won and 476 billion won, respectively, in the general, automobile and long-term sectors. Auto insurance gains and losses rose 6.4% year-on-year, but general and long-term gains and losses fell 18.7% and 23.7%, respectively.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
