KB Life Insurance, Variable Insurance Fund 3-Month Return 8.18%... '1st Place'

KB Life Insurance announced on the 29th that its variable insurance fund recorded a 3-month return of 8.18% as of the first half of this year, ranking first among domestic life insurance companies.

Variable insurance is a type of insurance where the portion of the premium paid by the policyholder, excluding the risk premium and business expenses, is invested, and the profits or losses generated based on investment performance are distributed. Since it is a product that distributes performance, there is a risk of principal loss, but conversely, high returns can also be expected.

KB Life Insurance selected six equity-type funds and four bond-type funds with excellent recent performance and drove fund return growth through active portfolio fund management. Additionally, the net assets of variable insurance funds increased by 559.7 billion KRW from 5.3451 trillion KRW at the time of the integrated launch in January last year to 5.9048 trillion KRW as of last month.

In the case of equity-type funds, the Long-Term Value Equity Fund, a representative domestic equity fund, achieved a cumulative return of 277.7% since its inception in 2008, managed by the same fund manager for 16 years. Also, the US Growth Equity Overseas Fund, which invests in the US industry, recorded a cumulative return of 60.8% since its inception in July 2022.

The Long-Term Bond II Fund, established last year, achieved a cumulative return of 9.9% as of the end of June this year, and with net assets of 222.3 billion KRW, it ranked first in annual fund inflows among all life insurance companies' variable insurance funds.