Hyundai Marine & Fire Insurance saw its 2023 net profit plunge 45.6% to 561.1 billion won, missing estimates as auto insurance swung to a loss and long-term insurance profits tumbled amid rising claims and volatile weather.
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Hyundai Marine & Fire Reports 2023 Net Profit of 561.1 Billion Won, Down 45.6% – Auto Insurance Swings to Loss
Hyundai Marine & Fire Insurance saw its 2023 net profit plunge 45.6% to 561.1 billion won, missing estimates as auto insurance turned to loss and long-term insurance profits tumbled.
S&P Says Long-Term Insurance Drives Growth for South Korean Non-Life Insurers—Focus on Duration Gap Management
S&P Global projects South Korea’s non-life insurers will see growth led by long-term insurance, but warns that competition and interest rate risks may pressure profitability and capital adequacy.
DB Insurance Reports 1.2 Trillion Won in Cumulative Net Profit for Q3, Down 24%—Weakness in Long-Term and Auto Insurance
DB Insurance Co. reported a 24% year-on-year drop in cumulative net profit for Q3 2025, as long-term and auto insurance segments underperformed, while investment income rose sharply.
Lotte Insurance Co. reported a 42% year-on-year jump in cumulative net profit to KRW 99 billion in Q3 2025, with its K-ICS solvency ratio rising to 141.6%, surpassing regulatory guidance, driven by strong long-term insurance sales and improved investment returns.
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Lotte Insurance Posts 42% Surge in Cumulative Net Profit to KRW 99 Billion in Q3—K-ICS Ratio Exceeds Regulatory Guidance
Lotte Insurance Co. reported a 42% year-on-year jump in cumulative net profit to KRW 99 billion in Q3 2025, with its K-ICS solvency ratio rising to 141.6%, surpassing regulatory guidance, driven by strong long-term insurance sales and improved investment returns.
DB Insurance Tops Long-Term and Auto Insurance Categories in Korea Service Quality Index
DB Insurance Co., Ltd. secured first place in both long-term and auto insurance categories in the 2025 Korea Service Quality Index, highlighting its digital innovation and customer-focused services.
DB Insurance's Net Profit Reaches 1.77 Trillion Won in 2023, Up 15.3% YoY
DB Insurance reports 15.3% year-on-year increase in 2023 net profit to 1.7722 trillion won, driven by improved long-term insurance performance and strong investment yields
Senior care is crushingly expensive. Boomers aren’t ready.
An estimated 18 million middle-income baby boomers will not have enough to pay for care for moderate to severe needs, according to one analysis.
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