The South Korea Financial Supervisory Service released preliminary January-to-September 2025 earnings for 53 insurers, reporting aggregate net income of KRW11.2911 trillion, down 15.2% year on year, as weaker insurance income more than offset higher investment gains. Life insurers’ net income fell 8.3% to KRW4.8301 trillion, with onerous contract-related expenses contributing to a KRW953.4 billion decline in insurance income, while investment income rose KRW450.8 billion on asset disposals and valuation gains. Nonlife insurers’ net income declined 19.6% to KRW6.4610 trillion, as higher loss ratios drove a KRW2.7478 trillion drop in insurance income despite a KRW880.8 billion increase in investment income. Over the same period, premium income grew 8.4% to KRW183.3829 trillion, led by life insurers at KRW89.4170 trillion, up 10.7%, and nonlife insurers at KRW93.9659 trillion, up 6.3%; overall ROA decreased to 1.16% and ROE to 10.26%. Total assets reached KRW1,327.2 trillion at end-September 2025, up KRW58.3 trillion from end-December 2024, with liabilities up KRW49.1 trillion to KRW1,175.9 trillion and shareholders’ equity up KRW9.1 trillion to KRW151.3 trillion. The FSS indicated it will closely monitor insurers’ financial conditions and risk responses amid increased financial-market uncertainty.
South Korea Financial Supervisory Service 2025-11-19
South Korea Financial Supervisory Service publishes preliminary September 2025 results showing insurers’ net income down 15.2% to KRW11.3tn
The South Korea Financial Supervisory Service reported preliminary earnings for 53 insurers from January to September 2025, showing a 15.2% year-on-year decline in aggregate net income to KRW11.2911 trillion due to weaker insurance income despite higher investment gains. Life insurers' net income fell 8.3% to KRW4.8301 trillion, while nonlife insurers saw a 19.6% decline to KRW6.4610 trillion. The FSS will monitor insurers' financial conditions amid increased market uncertainty.