[Market Focus] Mirae Asset Life Insurance Rises for Second Day After Large-Scale Treasury Share Cancellation

by Hwang Seoyul

Published 06 Mar.2026 11:25(KST)

The stock price of Mirae Asset Life Insurance, which recently carried out a large-scale cancellation of treasury shares, has risen for two consecutive days.

[Market Focus] Mirae Asset Life Insurance Rises for Second Day After Large-Scale Treasury Share Cancellation

As of 11:12 a.m. on March 6, Mirae Asset Life Insurance was trading at 14,390 won, up 820 won (6.04%) from the previous day. The previous day, the price had soared to an intraday high of 15,600 won, hitting the upper limit.

This appears to be due to a boost in investor sentiment following Mirae Asset Life Insurance's large-scale cancellation of treasury shares on March 4. According to the electronic disclosure system (DART), Mirae Asset Life Insurance announced that it would cancel 62.96 million shares, including common shares and convertible preferred shares. This represents approximately 93% of the treasury shares held by the company.

Mirae Asset Life Insurance stated that, based on common shares, the total number of shares will decrease by 23.6%, raising expectations for an increase in earnings per share (EPS) and enhancing shareholder value.