Arab Today, arab today life insurers\ earnings rise 07 in q1 in korea
Last Updated : GMT 18:19:32
Arab Today, arab today
Arab Today, arab today

Life insurers\' earnings rise 0.7% in Q1 in Korea

Arab Today, arab today

Arab Today, arab today Life insurers\' earnings rise 0.7% in Q1 in Korea

Seoul - Yonhap

South Korean life insurers\' net profit inched up in the first quarter of fiscal 2013 from a year earlier as investment returns climbed amid rises in market rates, the financial watchdog said Monday. The combined net profit of 24 life insurers operating in Korea came to 849.7 billion won (US$767.9 million) in the April-June period, up 0.7 percent from the previous year, according to the Financial Supervisory Service (FSS). The firms close their books on March 31. The FSS said that the life insurers reported a 2 percent on-year fall in insurance premiums at 4.4 trillion won, but investment returns including interest income gained 9.5 percent to 5.05 trillion won. A long streak of low rates continued to weigh on insurers\' bottom line, but market rates climbed in the first quarter ending on June 30, compared with three months earlier, sparked by speculation over U.S. monetary stimulus tapering. Their return on assets (ROA), a measure of profitability, stood at 0.6 percent in the first quarter, down from 0.67 percent in the previous year. The return on equity (ROE), another gauge of profitability, fell by 0.81 percentage point on-year to 6.54 percent, the FSS added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today life insurers\ earnings rise 07 in q1 in korea Arab Today, arab today life insurers\ earnings rise 07 in q1 in korea

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today life insurers\ earnings rise 07 in q1 in korea Arab Today, arab today life insurers\ earnings rise 07 in q1 in korea

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday