South Korea’s non-life insurers, long plagued by annual reinsurance losses exceeding 1 trillion won, posted a surprise profit of 46.5 billion won ($34 million) in Q1 2025, driven by one-off claim recoveries and shifting market dynamics, though underlying deficits persist amid a global hard reinsurance market.
#YonhapInfomax #Reinsurance #SamsungFireAndMarine #KoreanRe #Q1Profit #HardMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=68741
Reinsurance Segment, Once Posting Annual Losses of 1 Trillion Won, Swings to Surprise Profit in Q1—Here’s Why
South Korea’s non-life insurers, long plagued by annual reinsurance losses exceeding 1 trillion won, posted a surprise profit of 46.5 billion won ($34 million) in Q1 2025, driven by one-off claim recoveries and shifting market dynamics, though underlying deficits persist amid a global hard reinsurance market.
Yonhap Infomax
iM Securities Returns to Profit in Q1 After 5 Quarters
iM Securities reports Q1 net profit of 27.37 billion won, marking a return to profitability after five quarters due to resolved real estate PF uncertainties and diversified revenue structure
Yonhap Infomax
KGM Achieves Q1 Profit - Export Growth Drives Third Consecutive Q1 Performance Improvement
KG Mobility reports Q1 operating profit of 10.6 billion won, marking third consecutive Q1 profit, driven by 4.2% export growth despite domestic market contraction
Yonhap Infomax
Samsung Heavy Industries Sets Sail Towards Q1 Profit, Overcoming Derivative Losses
Samsung Heavy Industries expected to turn profitable in Q1 2025, overcoming derivative losses from Q4 2024, with projected sales of 2.5651 trillion won and operating profit of 149.2 billion won.
Yonhap Infomax