South Korea's Top 4 Insurers Post Q2 Net Profit of 1.58 Trillion Won, Up 11% YoY

According to Yonhap Infomax consensus on July 23, Samsung Fire & Marine Insurance, DB Insurance, Hyundai Marine & Fire Insurance, and Hanwha Q Life Insurance reported combined net profit of 1.5829 trillion won in the second quarter, up 11.07% year-over-year.

The insurers benefited from improved auto insurance loss ratios. The Big 5 insurers' average auto insurance loss ratio was 82.9% in Q2, down 2.3 percentage points from Q1's 85.2%, supporting earnings recovery.

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