Mirae Asset Life Insurance announced on the 18th, "We plan to actively review our shareholder return policy, including the retirement of our own shares, to protect shareholder interests and enhance shareholder value."
Mirae Asset Life Insurance noted on this day, "Since we confirmed stable financial indicators such as a solvency ratio of 183.3% and a basic capital solvency ratio of 127.1% in the first quarter of this year, we expect that there will not be significant issues regarding large-scale capital expansion, including paid-in capital increases, unless special circumstances arise."
Mirae Asset Life Insurance has not considered the retirement of its own shares due to the rapid capital fluctuations anticipated with the introduction of the new accounting system (IFRS 17). However, as it achieved solid results in the first half of this year and its financial soundness indicators have entered a stable range, it is pursuing a shareholder return policy.
Mirae Asset Life Insurance's pre-tax profit in the first half of this year was 102.1 billion won, up 51.3% from the same period last year. The profit from insurance services recorded 83.6 billion won on a separate basis. In particular, the contract service margin (CSM), a future profitability indicator, reached 245.2 billion won in the first half of this year, an increase of 42.2% compared to the same period last year. The CSM for health and injury insurance recorded 198.6 billion won, a 136.4% increase during the same period.
The consolidated net profit for the first half of the year was 75.5 billion won, a 41.7% increase from the same period last year. Sales increased by 2.8% to 28.957 trillion won, and operating profit recorded a 59.7% increase to 10.44 billion won.