Two Korean insurers' third-quarter operating profit falls by about half
Operating profit at Korean Reinsurance and Seoul Guarantee Insurance dropped more than 50% year on year in the third quarter, according to Reuters.
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what happened
Korean Reinsurance Company reported third-quarter operating profit of 72 billion won. That is 50.3% lower than a year earlier, Reuters reported.
Seoul Guarantee Insurance Co posted operating profit of 38.5 billion won for the same period, down 52% from a year earlier.
why it matters
The sharp profit declines at two insurers point to weak results in the sector, but these companies carry little weight for the broader market, so the impact is limited.
tags
instruments
sources
- Korean Reinsurance Q3 Operating Profit 72 Billion Won, Down 50.3% From Year Earlier — Reuters, 13 November 2026 at 01:55 UTC
- Seoul Guarantee Insurance Q3 Operating Profit 38.5 Billion Won, Down 52% From Year Earlier — Reuters, 13 November 2026 at 01:57 UTC
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