Mirae Asset Global Investments to Make Additional 50 Billion Won Investment in Mirae Asset Life Insurance

To Strengthen Governance and Enhance Group Synergy
Sequential Execution Planned from May to December

Mirae Asset Global Investments is set to make an additional investment in its affiliate, Mirae Asset Life Insurance, to strengthen group governance and enhance group-wide synergies.

On the 19th, Mirae Asset Global Investments announced that it had decided to make an additional investment of 50 billion won in common shares of Mirae Asset Life Insurance.

This new investment follows the full execution of the previously announced investment on March 13. The planned share acquisition will be carried out sequentially through on-market purchases on the Korea Exchange from May to December of this year.

This additional investment was made based on the strategic judgment that Mirae Asset Life Insurance's stock is undervalued relative to its intrinsic corporate value. Through this decision, Mirae Asset Global Investments made it clear that it intends to go beyond a simple financial investment and actively enhance the corporate value of Mirae Asset Life Insurance, a key high-quality subsidiary.

Currently, Mirae Asset Life Insurance is accelerating its efforts toward structural improvement and shareholder returns, showing a clear trend of performance improvement. Notably, starting this year, the company has declared the so-called 'Korean-style Berkshire Hathaway' model as its core strategy, actively utilizing the capital secured through insurance operations for proprietary investment (PI). Additionally, the company continues to take steps to enhance shareholder value, such as innovative capital reallocation and treasury stock cancellation.

By further increasing its stake in Mirae Asset Life Insurance, which has demonstrated a stable earnings base and growth potential in the domestic insurance market, Mirae Asset Global Investments aims to further solidify its management control and support the group's long-term growth strategy. The company also plans to build a closer collaboration system between the two affiliates to further strengthen the group’s competitiveness in comprehensive financial services.

A representative from Mirae Asset Global Investments stated, "Although Mirae Asset Life Insurance is a key high-quality subsidiary with a stable earnings base and strong growth potential, we believe its current stock price is undervalued compared to its intrinsic value." The representative added, "This additional investment is a strategic decision to leverage this undervaluation as an opportunity to strengthen governance and stabilize management control. We are committed to further enhancing synergies between the two companies and raising the overall competitiveness of the group."

This content was produced with the assistance of AI translation services.