Alphabiz - Hanwha Life Insurance′s net profit last year was 354.3 billion won, down 13.7% from the previous year

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

서울 여의도 한화생명 본사 전경 (사진=한화생명)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Hanwha Life Insurance announced on the 22nd that its net profit last year was 354.3 billion won, down 13.7% (56.3 billion won) from a year earlier (410.6 billion won).

The annual payment insurance premium (APE) for new contracts was KRW 2.143 trillion, up 36.2% from the previous year. Import insurance premiums rose 26.3% to KRW 18.628 trillion. Insurance's original profit reached KRW 727.8 billion due to the expansion of private profits due to increased general guarantee sales.

The RBC ratio (capacity ratio) fell 22.4% year-on-year to 162.2%.
In addition, the loss ratio was solid at 80.1% due to the growth of risk insurance premiums and the management of accident insurance due to strengthened underwriting.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)