Meritz Fire & Marine Insurance Reports 36.8% Increase in H1 Net Profit to 291.9 Billion Won
[Asia Economy Reporter Oh Hyung-gil] Meritz Fire & Marine Insurance announced on the 12th that its net profit for the first half of the year increased by 36.8% compared to the same period last year, reaching 291.9 billion KRW.
Sales for the first half amounted to 4.9337 trillion KRW, up 10.1% from the same period last year, and operating profit rose 33.3% to 396.4 billion KRW.
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The combined ratio, which measures insurance business efficiency, improved by 6.2 percentage points from the same period last year to 100.7%.
This content was produced with the assistance of AI translation services.
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