Insurers’ earnings soar 37.3 pct in Jan.-Sept.

insurers earnings soar 37 3 pct in jan sept

Sumary of Insurers’ earnings soar 37.3 pct in Jan.-Sept.:

  • 25 (Yonhap) — South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday.
  • The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in the January-September period, up 37.3 percent from a year earlier, according to the preliminary data from the Financial Supervisory Service (FSS).
  • The FSS said life insurance companies fared better in the nine-month period thanks to increased income from the bullish run of the stock market and rising interest rates.

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