Hanwha Life Insurance, Net Profit of 290.7 Billion KRW Last Year... 5.8% Increase YoY

Hanwha General Insurance announced on the 22nd that its net profit on a separate basis last year was 290.7 billion KRW, an increase of 5.8% compared to the previous year.

Last year's cumulative long-term new contract premiums amounted to 64.1 billion KRW, and the new contract insurance contract margin (CSM) recorded 678.4 billion KRW.

A Hanwha General Insurance official stated, "This is the result of focusing on selling high-value protection products and strengthening channel competitiveness."

In the fourth quarter of last year, long-term insurance gross written premiums reached 1.2825 trillion KRW, up 6.3% from the same period last year.