Meritz Fire & Marine Insurance Reports 433.4 Billion KRW Net Profit Last Year, Up 60% Year-on-Year

[Asia Economy Reporter Oh Hyung-gil] Meritz Fire & Marine Insurance announced on the 5th that it achieved a net profit of 433.4 billion KRW last year, a sharp increase of 59.8% compared to the previous year.

Sales revenue increased by 13.9% during the same period to 9.1512 trillion KRW, and operating profit rose by 95.3% to 610.3 billion KRW.

Additionally, Meritz Fire & Marine Insurance stated that it will pay a cash dividend of 1,280 KRW per common share. The total dividend amount is 151.1 billion KRW.