[Market Focus] Mirae Asset Life Insurance Hits Upper Price Limit Early on Large-Scale Treasury Share Cancellation Decision

by Kim Youngwon

Published 05 Mar.2026 09:23(KST)

Decision to Cancel 93% of Treasury Shares

Mirae Asset Life Insurance hit its upper price limit early in trading on March 5. The surge in investor sentiment is interpreted as a response to the announcement of a large-scale share buyback and cancellation aimed at enhancing shareholder value.

At around 9:20 a.m. on this day, Mirae Asset Life Insurance was trading at 13,570 won, up 29.98% (3,130 won) compared to the previous session, hitting its upper price limit.

[Market Focus] Mirae Asset Life Insurance Hits Upper Price Limit Early on Large-Scale Treasury Share Cancellation Decision

Previously, on the previous day, Mirae Asset Life Insurance held a board meeting and announced that it would cancel 62.96 million treasury shares, representing 93% of its holdings, in order to maximize shareholder value. This includes all common and convertible preferred shares except for 4.7 million treasury shares reserved for employee compensation.

As a result of this cancellation, the total number of shares issued by Mirae Asset Life Insurance will decrease by 31.8% compared to before. Based on common shares, the volume will decline by 23.6%, which is expected to increase earnings per share (EPS) and thus enhance shareholder value, according to Mirae Asset Life Insurance.