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Preliminary Earnings of Insurance Companies, 2019

March 17, 2020

Insurance companies’ preliminary net income for 2019 came to KRW5.3367 trillion, down KRW1.9496 trillion or 26.8% from the same period a year earlier. Net income for life insurance companies decreased KRW918.5 billion or 22.8% to KRW3.1140 trillion. Also, nonlife insurance companies’ net income fell KRW1.0311 trillion or 31.7% to KRW2.2227 trillion.