Mirae Asset Life Insurance Dominates All Variable Insurance Types in Returns

Stable Management of Variable Insurance Funds through Global Diversified Investment

Mirae Asset Life Insurance's variable insurance products achieved top-tier returns in the industry. This was attributed to stable returns gained through diversified asset allocation based on the principle of diversification.

On the 12th, Mirae Asset Life Insurance announced that among life insurance companies with total assets exceeding 30 trillion KRW in the first quarter of this year, Mirae Asset Life Insurance funds dominated the top cumulative returns across all categories including overseas equity-type, equity-mixed type, bond-type, and bond-mixed type. According to disclosures by the Life Insurance Association, as of the end of last month, 7 out of the top 10 equity-type funds by returns were Mirae Asset Life Insurance products. Asset allocation-type funds accounted for 9 out of the top 10. Mirae Asset Life Insurance products also monopolized the top ranks in mixed and bond-type fund returns.

Mirae Asset Life Insurance analyzed that its asset allocation strategy was effective. The company invested 75% of its variable insurance assets in overseas assets, significantly exceeding the industry average overseas investment ratio of around 15%. As of the first quarter of this year, Mirae Asset Life Insurance manages a total of 110 variable funds investing not only in overseas countries such as the United States, China, India, and Vietnam but also in various sectors including indices, global semiconductors, healthcare, and consumer sectors.

Among overseas equity-type funds, the 'Mirae Asset Life Insurance Asia Equity Fund,' which has recorded a cumulative return of 204.77%, invests in major companies with differentiated competitiveness within the Asian region and Asian countries with growth potential such as India. The 'Global Consumer Sector Equity Stable Growth Asset Allocation Fund,' which ranked first with a year-to-date return of 18.22% and a cumulative return of 102.73% among overseas equity-mixed funds, focuses on companies benefiting from global brands, technological innovation, and the growth of purchasing power and consumption activities in emerging countries, while also including domestic and foreign bonds that can secure stable interest income.

Meanwhile, Mirae Asset Life Insurance announced that its variable insurance reserves increased by approximately 850 billion KRW compared to the end of last year. Despite the volatile financial market conditions, the company's flagship fund product group, the 'MVP60 Fund,' recorded a cumulative return of 56.87% as of the end of last month.

Deuk-Hwan Wi, Head of Variable Operations at Mirae Asset Life Insurance, explained, "Insurance and foreign currency inherently share homogeneity that allows for crisis management from a long-term perspective, so when combined with KRW assets in an appropriate portfolio, it is possible to prepare more effectively for risk situations." He added, "It is important to maintain an appropriate balance considering each individual's current asset status, life cycle, and future plans."