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HungKuk Ssang Yong Fire & Marine Insur. (000540)   STOCK
 
Address 226,SINMUNNO 1-GA, JONGNO-GU, SEOUL
Home Page www.insurance.co.kr
Established 1948. 3.15 Tel 02-2002-6000
Listed 1974.12. 5 IR 02-2002-6011
Common shares O/S 49,225,448 President Kim,Jong Yeon
Preferred shares O/S 921,600 No.of Employees 738(2008. 3)
Rapid growth of long-term contracts including increased sales of bankasurance has driven growth of original premium income higher than industry average. Insurance operating loss amount decreased as business expense ratio decreased with enhanced business efficiency while loss ratio improved with raised premium rate of automobile insurance. Investment operating income is relatively slow as operating income ratio declined due to stock exchange adjustment.
Solid growth of premium income will continue with continued contract premium influx while maintaining high growth of new contracts following preceding year. Insurance operating income will increase with loss ratio improved by automobile contract premium rate raised in the preceding year and increased sales share of long-term contracts. Investment operating income growth will continue as operational assets will grow thanks to rapid growth of long-term contracts.
(date: 2007.12, unit : %)
Name Tae Kwang Ind. Hungkuk Life Insurance
Portion 61.4 0.8
(unit : %)
Revenue Premium Income 81.9 Expenses Claims Paid 31.7
Claims Recovered 9.3 Refund of longterm Ins. Policies 14.7
Investment Income 3.0 Expenses 15.7
Other Income 5.8 Investment Expenses
(Unit : 100Mn.Won,Won)
Year ~06. 3 07. 1 ~07. 3 ~08. 3 08. 4~
Type CB RI CB CB CB
Amount 64.80  500.00  4.09  123.55  0.07