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| Mirae Asset Life Insurance announced on the 19th that it was tentatively counted as sales of 3.519 trillion won, operating profit of 131.9 billion won, and net profit of 92.1 billion won based on separate financial statements last year. /Provide Future Asset Life |
“Sales channels and digital innovation this year”
[더팩트│황원영 기자] Mirae Asset Life Insurance announced on the 19th that it achieved a net profit of 92.1 billion won last year. This is a decrease of 7.94% from the previous year.
Sales increased by 3.50% from the previous year to KRW 3,519 billion, and operating profit increased by 6.40% to KRW 131.9 billion.
Mirae Asset Life Insurance explained that the reason for the decline in net profit was “a result of reflecting asset damage as the investment environment deteriorated due to corona 19 and the increase in overall costs to activate contracted operations and increase new contracts.
In addition, he said, “We have achieved a performance in line with our goal of achieving sustainable growth through the expansion of the non-insurance sector and the two-track strategy that emphasizes guarantee and variable insurance.”
Last year, new contract annuity premium (APE) was 7546 billion won, an increase of more than 60% from the previous year. It was found that guarantees increased by 44.5% and variable investment by 77.5%.
Growth in the non-insurance sector continued. It achieved KRW 12.500 trillion in variable reserves and KRW 5.8 trillion in retirement pension reserves, and recorded 59.7 billion KRW in Fee-Biz commission income in 2020 alone.
Mirae Asset Life Insurance said, “Through this year’s sales channel and digital innovation, we will prepare to maintain substantial growth with differentiated competitiveness in response to the business environment that is expected to change rapidly after the Corona.”