Meritz Fire & Marine Insurance recorded a net income of over 1.7 trillion won last year. This marks the highest performance for five consecutive years.
According to Meritz Fire & Marine Insurance on the 19th, the company achieved a net income of 1.7105 trillion won last year on a separate basis. This is a 9.2% increase compared to the previous year, marking the highest profit for five consecutive years since 2020 and approaching the 2 trillion won milestone.
The insurance profit increased by 2.4% year-on-year to record 1.5336 trillion won, driven by a profitability securing strategy centered on long-term insurance and the strong performance of general insurance. The company noted that investment gains increased by 25.0% to 761.6 billion won. As of the end of the fourth quarter last year, the asset management investment return rate is approximately 3.7%.
Last year's revenue was 11.5578 trillion won, and the operating profit was 2.2952 trillion won, increasing by 6.4% and 9.0%, respectively, compared to the previous year. As of the end of the fourth quarter last year, the provisional solvency ratio (K-ICS) was 247.6%, which is an increase of 5.4 percentage points from the previous year (242.2%).