Meritz Fire & Marine Insurance Reports Q1 Net Profit of 107.6 Billion KRW, Up 63.6% Year-on-Year

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[Asia Economy Reporter Oh Hyung-gil] Meritz Fire & Marine Insurance announced on the 14th that its net profit for the first quarter increased by 63.6% year-on-year to 107.6 billion KRW.

During the same period, sales amounted to 2.2224 trillion KRW, and operating profit was 151.7 billion KRW, marking growth of 16.6% and 67.9% respectively compared to the previous year.

The company explained, "Net premiums continued to grow, and net profit recorded an upward trend through cost efficiency."

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