South Korean insurance companies saw their net income jump 25.7 percent in the first nine months of the year from a year earlier on the back of increased investment-related earnings, the financial watchdog said Friday.
The combined net income of local life and nonlife insurers reached 5.1 trillion won (US$4.84 billion) in the January-September period, compared with 4.6 trillion won the previous year, according to the Financial Supervisory Service (FSS).