Insurance companies in South Korea posted 13% growth in their net profit in the first six months of the year compared to the same period in 2025, data from the Financial Supervisory Service (FSS) has revealed.
The rise was on the back of increased investment returns.
The combined net income of 22 life insurers and 30 non-life insurers came to 9.01trn won ($6.5bn) in the January to June period, up 1.04trn won from the same period last year.
The 22 life insurers posted a combined net profit of 3.93trn won in H1 2026, up 17.7% from a year earlier, while the non-life insurance firms combined net profit spiked 9.6% on year to 5.09trn won over the cited period.
The insurance companies’ premium income came to 134.93trn won in the first half, up 8.5% from a year earlier. Their return on assets reached 1.28%, up 0.04 percentage points on year, but their return on equity fell 2.75 percentage points to 8.52%.
Total assets had stood at 1,467.9trn won as of the end of June, up 9.2% from six months earlier, while their total liabilities gained 3.2% to 1,213.3trn won over the same period.
