south korean insurers overseas earnings swing to red in first half
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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South Korean insurers' overseas earnings swing to red in first half

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Arab Today, arab today South Korean insurers' overseas earnings swing to red in first half

South Korea's state health insurer
Seoul - Yonhap

South Korean insurance firms' income from their overseas operations swung to a combined net loss in the first half of this year, due mainly to an increase in insurance payouts, the financial watchdog said Wednesday.
The net losses of 23 overseas units and offices of six non-life insurers stood at US$500,000 in the January-June period, a turnaround from a net profit of $40.2 million a year earlier, according to the Financial Supervisory Service (FSS).

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south korean insurers overseas earnings swing to red in first half south korean insurers overseas earnings swing to red in first half

 



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