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Heungkuk Fire & Marine Insurance Co., Ltd. (000540) |
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STOCK |
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| Address |
226,SINMUNNO 1-GA, JONGNO-GU, SEOUL |
| Home Page |
www.insurance.co.kr
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| Established |
1948. 3.15 |
Tel |
02-2002-6000 |
| Listed |
1974.12. 5 |
IR |
02-2002-6015 |
| Common shares O/S |
51,222,192 |
President |
Byeon,Jong Yun |
| Preferred shares O/S |
921,600 |
No.of Employees |
1,010(2009. 9) |
| Rapid growth of original premium continues with steady growth of long-term contracts thanks to aggressive sales and shrunk indemnity limit of private medical insurance. Negative insurance earnings posted with operating cost increased by rapid growth of new long-term contracts while loss amount increased with RG related reserve reflected. Investment earnings increased with partial recovery of overseas securities related loss while operating asset increased with rapid growth of long-term contracts. |
| Growth-oriented policy will continue with reshuffled organization and cross sales strategy. Rapid growth of long-term contracts will enhance long-term growth and stable revenue base though it may increase short-term increase of operating income. Financial soundness will improve with rights issue planned though capital is encroached by RG related reserve setup and payment reserve ratio is lowered. |
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  |
(date: 2009.06, unit : %) |
| Name |
Taekwang Industry |
Heungkuk Life Insurance |
|
| Portion |
45.7 |
24.4 |
|
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 |
(unit : %) |
| Revenue |
Premium Income |
84.3 |
Expenses |
Claims Paid |
33.3 |
| Claims Recovered |
9.5 |
Refund of longterm Ins. Policies |
9.1 |
| Investment Income |
2.6 |
Expenses |
12.9 |
| Other Income |
3.6 |
Investment Expenses |
|
|
 |
(Unit : 100Mn.Won,Won) |
| Year |
~08. 3 |
08. 6 |
~09. 3 |
09. 4~ |
09. 8 |
| Type |
CB |
RI |
CB |
CB |
RI |
| Amount |
123.55 |
812.58 |
1.18 |
1.11 |
98.43 |
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