SEOUL, Aug. 23 (Korea Bizwire) — A report released on August 22 ranking the fourteen major life insurance companies by risk-based capital ratios showed four of the top five places occupied by foreign companies. Samsung Life Insurance held down second place with a 331.8 risk-based capital ratio (RBC), followed closely by Lina Life Insurance with [...]
SEOUL, Jan. 18 (Korea Bizwire) — Dongbu Insurance has formed a US$ 200 million joint investment fund with MetLife and Manulife Financial to expand its foreign investment portfolio. According to investment banking industry experts, Dongbu Insurance has partnered with Manulife Financial in a US$ 100 million joint investment fund to finance infrastructure and real estate in the [...]
SEOUL, May 13 (Korea Bizwire) – Tongyang Life Insurance succeeded in “turnaround” with 44.1 billion won of net profit during the first quarter. On May 13, Tongyang Life announced its first-quarter financial results, recording 1,389 billion won of sales and making 53.2 billion won of operating profit and 44.1 billion won of net profit, thanks [...]