South Korea Insurance Statistics: IFRS 17
Life Insurance: Asset Status: Operating
Life Insurance: Asset Status: Operating data was reported at 780,201,989.000 KRW mn in Jan 2025. This records an increase from the previous number of 779,795,409.000 KRW mn for Dec 2024. Life Insurance: Asset Status: Operating data is updated monthly, averaging 747,252,436.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 782,552,339.000 KRW mn in Nov 2024 and a record low of 707,098,888.000 KRW mn in Oct 2023. Life Insurance: Asset Status: Operating data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 782,552,339.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Asset Status: Operating from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Asset Status: Total
Life Insurance: Asset Status: Total data was reported at 908,972,270.000 KRW mn in Jan 2025. This records an increase from the previous number of 905,542,400.000 KRW mn for Dec 2024. Life Insurance: Asset Status: Total data is updated monthly, averaging 867,449,647.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 910,649,543.000 KRW mn in Nov 2024 and a record low of 819,257,787.000 KRW mn in Oct 2023. Life Insurance: Asset Status: Total data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 910,649,543.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Asset Status: Total from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Business Performance: Insurance Profits
Life Insurance: Business Performance: Insurance Profits data was reported at 0.000 KRW mn in Jan 2025. This records a decrease from the previous number of 33,238,439.000 KRW mn for Dec 2024. Life Insurance: Business Performance: Insurance Profits data is updated monthly, averaging 7,639,247.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 33,238,439.000 KRW mn in Dec 2024 and a record low of 0.000 KRW mn in Jan 2025. Life Insurance: Business Performance: Insurance Profits data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 0.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Business Performance: Insurance Profits from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Business Performance: Insurance Service Cost
Life Insurance: Business Performance: Insurance Service Cost data was reported at 0.000 KRW mn in Jan 2025. This records a decrease from the previous number of 28,157,529.000 KRW mn for Dec 2024. Life Insurance: Business Performance: Insurance Service Cost data is updated monthly, averaging 6,154,824.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 28,157,529.000 KRW mn in Dec 2024 and a record low of 0.000 KRW mn in Jan 2025. Life Insurance: Business Performance: Insurance Service Cost data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 0.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Business Performance: Insurance Service Cost from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Business Performance: Net Income
Life Insurance: Business Performance: Net Income data was reported at 0.000 KRW mn in Jan 2025. This records a decrease from the previous number of 5,637,408.000 KRW mn for Dec 2024. Life Insurance: Business Performance: Net Income data is updated monthly, averaging 2,726,372.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 5,637,408.000 KRW mn in Dec 2024 and a record low of 0.000 KRW mn in Jan 2025. Life Insurance: Business Performance: Net Income data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 0.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Business Performance: Net Income from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Business Performance: Return on Investment
Life Insurance: Business Performance: Return on Investment data was reported at 0.000 KRW mn in Jan 2025. This records a decrease from the previous number of 67,110,545.000 KRW mn for Dec 2024. Life Insurance: Business Performance: Return on Investment data is updated monthly, averaging 22,938,068.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 67,110,545.000 KRW mn in Dec 2024 and a record low of 0.000 KRW mn in Jan 2025. Life Insurance: Business Performance: Return on Investment data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 0.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Business Performance: Return on Investment from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Contract Status: Cancelled
Life Insurance: Contract Status: Cancelled data was reported at 16,914,795.000 KRW mn in Jan 2025. This records a decrease from the previous number of 211,042,470.000 KRW mn for Dec 2024. Life Insurance: Contract Status: Cancelled data is updated monthly, averaging 112,482,192.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 219,689,598.000 KRW mn in Dec 2023 and a record low of 16,914,795.000 KRW mn in Jan 2025. Life Insurance: Contract Status: Cancelled data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 188,507,790.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Contract Status: Cancelled from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Contract Status: Holding
Life Insurance: Contract Status: Holding data was reported at 2,334,090,177.000 KRW mn in Jan 2025. This records a decrease from the previous number of 2,337,125,778.000 KRW mn for Dec 2024. Life Insurance: Contract Status: Holding data is updated monthly, averaging 2,371,674,269.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 2,418,030,100.000 KRW mn in Jan 2023 and a record low of 2,334,090,177.000 KRW mn in Jan 2025. Life Insurance: Contract Status: Holding data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 2,339,257,776.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Contract Status: Holding from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Contract Status: New
Life Insurance: Contract Status: New data was reported at 22,165,592.000 KRW mn in Jan 2025. This records a decrease from the previous number of 235,424,351.000 KRW mn for Dec 2024. Life Insurance: Contract Status: New data is updated monthly, averaging 131,040,684.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 243,945,805.000 KRW mn in Dec 2023 and a record low of 22,165,592.000 KRW mn in Jan 2025. Life Insurance: Contract Status: New data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 213,735,212.000 Nov 2024 | monthly | Jan 2023 - Nov 2024 |
View South Korea's Life Insurance: Contract Status: New from Jan 2023 to Nov 2024 in the chart:
Life Insurance: Management Efficiency: Asset Growth Rate
Life Insurance: Management Efficiency: Asset Growth Rate data was reported at 0.400 % mn in Jan 2025. This records a decrease from the previous number of 2.600 % mn for Dec 2024. Life Insurance: Management Efficiency: Asset Growth Rate data is updated monthly, averaging -1.762 % mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 3.400 % mn in Nov 2024 and a record low of -12.700 % mn in Oct 2023. Life Insurance: Management Efficiency: Asset Growth Rate data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| -12.700 Oct 2023 | monthly | Jan 2023 - Oct 2023 |
View South Korea's Life Insurance: Management Efficiency: Asset Growth Rate from Jan 2023 to Oct 2023 in the chart:
Life Insurance: Management Efficiency: Contract Status: Holding
Life Insurance: Management Efficiency: Contract Status: Holding data was reported at -0.100 % mn in Jan 2025. This records an increase from the previous number of -1.600 % mn for Dec 2024. Life Insurance: Management Efficiency: Contract Status: Holding data is updated monthly, averaging -1.000 % mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of -0.100 % mn in Jan 2025 and a record low of -2.100 % mn in Dec 2023. Life Insurance: Management Efficiency: Contract Status: Holding data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| -1.800 Oct 2023 | monthly | Jan 2023 - Oct 2023 |
View South Korea's Life Insurance: Management Efficiency: Contract Status: Holding from Jan 2023 to Oct 2023 in the chart:
Life Insurance: Management Efficiency: Expense Ratio
Life Insurance: Management Efficiency: Expense Ratio data was reported at 18.200 % mn in Jan 2025. This records a decrease from the previous number of 20.200 % mn for Dec 2024. Life Insurance: Management Efficiency: Expense Ratio data is updated monthly, averaging 18.200 % mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 20.600 % mn in Nov 2024 and a record low of 10.700 % mn in Jan 2023. Life Insurance: Management Efficiency: Expense Ratio data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 18.100 Oct 2023 | monthly | Jan 2023 - Oct 2023 |
View South Korea's Life Insurance: Management Efficiency: Expense Ratio from Jan 2023 to Oct 2023 in the chart:
Life Insurance: Management Efficiency: Expenses
Life Insurance: Management Efficiency: Expenses data was reported at 1,793,323.000 KRW mn in Jan 2025. This records a decrease from the previous number of 22,930,388.000 KRW mn for Dec 2024. Life Insurance: Management Efficiency: Expenses data is updated monthly, averaging 10,543,897.000 KRW mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 22,930,388.000 KRW mn in Dec 2024 and a record low of 1,203,184.000 KRW mn in Jan 2023. Life Insurance: Management Efficiency: Expenses data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 15,230,531.000 Oct 2023 | monthly | Jan 2023 - Oct 2023 |
View South Korea's Life Insurance: Management Efficiency: Expenses from Jan 2023 to Oct 2023 in the chart:
Life Insurance: Management Efficiency: Return on Operating Assets
Life Insurance: Management Efficiency: Return on Operating Assets data was reported at 0.000 % mn in Jan 2025. This stayed constant from the previous number of 0.000 % mn for Dec 2024. Life Insurance: Management Efficiency: Return on Operating Assets data is updated monthly, averaging 3.300 % mn from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 3.400 % mn in Aug 2023 and a record low of 0.000 % mn in Jan 2025. Life Insurance: Management Efficiency: Return on Operating Assets data remains active status in CEIC and is reported by Korea Life Insurance Association. The data is categorized under Global Database’s South Korea – Table KR.Z030: Insurance Statistics: IFRS 17.
| Last | Frequency | Range |
|---|---|---|
| 3.300 Oct 2023 | monthly | Jan 2023 - Oct 2023 |