Hanwha Life Insurance announced on the 29th that it recorded net income of KRW 242.7 billion last year on a consolidated basis.
This is a 313.7% increase from the previous year.
During the same period, sales increased by 4.98% to 26,223 trillion won, and operating profit increased by 666.1% to 387.8 billion won.
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In addition, the total assets amounted to 148.7 trillion won, an increase of 6.9 trillion won from 141 trillion won in 2019.
An official at Hanwha Life Insurance explained, “In the difficult business environment due to the novel coronavirus infection (Corona 19), insurance profits have increased and the profit margin of operating assets has improved.”