Hyundai Marine & Fire Insurance Reports Q3 Cumulative Net Profit of 390.6 Billion KRW, Up 15% YoY

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 12th that its cumulative net profit for the third quarter reached 390.6 billion KRW, a 15.0% increase compared to the same period last year.

Gross written premiums amounted to 11.4253 trillion KRW, up 6.7% from the same period last year.

Automobile insurance gross written premiums were 3.18 trillion KRW, a 5.4% increase compared to the same period last year, and the combined ratio, which is the sum of the loss ratio and expense ratio, decreased by 6.8 percentage points to 95.8% from 102.6% in the same period last year.

Long-term insurance gross written premiums recorded 7.082 trillion KRW, a 5.0% increase compared to the same period last year.

The Risk-Based Capital (RBC) ratio was 209.0%, up 19.0 percentage points compared to the end of the previous year.

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