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[이데일리 이진철 전선형 기자] Hanwha Life Insurance President Seung-joo Yeo succeeded in taking office and led the company for two more years. The female president, who is known as a “financial expert,” is evaluated as having led to stable earnings growth by ending the labor-management conflict arising from the “separation of platemaking”, which separated the insurance planner organization into a separate subsidiary after taking office as President of Hanwha Life Insurance in 2019.
According to Hanwha Life Insurance on the 21st, at the regular shareholders’ meeting held on March 15th, the agenda to reappoint CEO Seung-ju Yeo as the executive director for a two-year term will be decided.
At this shareholders’ meeting, Lee Kyung-geun (Executive Vice President) and Kim Joong-won Compliance Cluster (Executive Vice President) are newly appointed as internal directors. As outside directors, Hwang Young-ki, former chairman of KB Financial Group, will be reappointed, and Lee In-sil, former head of the National Statistical Office, and Cho Hyun-cheol, former vice president of Deposit Insurance Corporation, will be newly appointed.
Hanwha Life Insurance’s net income for the year was 19 billion won, an increase of 71.8% from the same period last year. During the same period, total assets increased by 4.7% from the previous year to 12.53 trillion won. Hanwha Life Insurance cited an improvement in loss ratio and expansion of insurance products for insurance coverage as the reason for its strong performance last year. The board of directors of Hanwha Life Insurance decided to pay 30 won per share. The total dividend is 22.5 billion won.
Hanwha Life Insurance has confirmed the name of the subsidiary-type corporate insurance agency (GA), which will be launched in April, as’Hanwha Life Financial Services Co., Ltd.’ Hanwha Life Insurance plans to increase profitability and actively respond to market changes by establishing a super-sized sales company with approximately 540 sales agencies, 1,400 employees, and 20,000 architects. Earlier this month, the labor and management of Hanwha Life Insurance came up with a provisional agreement on employment security for its sales subsidiaries.
Hanwha Life Insurance decided to acquire a 100% stake in Data Analytics Lab, a subsidiary of Hanwha Investment & Securities, for a total of 6.4 billion won in order to strengthen its big data capabilities.