insurers profits dip 142 in seoul
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Last Updated : GMT 05:17:37
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Insurers profits dip 14.2% in Seoul

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Emiratesvoice, emirates voice Insurers profits dip 14.2% in Seoul

Seoul - Yonhap

South Korean insurance companies saw their combined earnings drop in the April-December period, as they suffered higher loss rates and a decline in policy sales, data showed Sunday. The combined net income of 55 life and nonlife insurers came to 3.82 trillion won (US$3.57 billion) in the April-December period, down 14.2 percent from 4.45 trillion won the previous year, according to the data compiled by the Financial Supervisory Service (FSS).

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