DB Insurance Reports 645.4 Billion KRW Cumulative Net Profit in Q3, Up 46% Year-on-Year
[Asia Economy Reporter Oh Hyung-gil] DB Insurance announced on the 12th that its cumulative net profit for the third quarter reached 645.4 billion KRW, a 46.0% increase compared to the same period last year.
Gross written premiums amounted to 11.186 trillion KRW, up 7.2% from the previous year.
Automobile insurance gross written premiums grew 6.3% year-on-year to 3.201 trillion KRW. The loss ratio decreased by 6.0 percentage points from the previous year to 77.9%.
Long-term insurance gross written premiums recorded 6.887 trillion KRW, a 6.1% increase compared to the same period last year.
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As of the end of September, the separate basis Risk-Based Capital (RBC) ratio was 244.8%, up 11.9% from 232.9% at the end of last year.
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