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Nonghyup Life Insurance Co.,Ltd. (South Korea)

Main Activities: Insurance Carriers | Direct Life, Health, and Medical Insurance Carriers
Full name: Nonghyup Life Insurance Co.,Ltd. Profile Updated: October 27, 2023
Buy our report for this company USD 19.99 Most recent financial data: 2022 Available in: English Download a sample report

Nonghyup Life Insurance Co., Ltd., located in Seoul, was established in 1965 as a comprehensive agricultural cooperative life deduction business. In 2012, it transformed into a private insurance company to provide stable financial support for agriculture and rural farmers. The company has experienced steady growth and currently has total assets of 60 trillion won and 255.1 million customers. Nonghyup Life Insurance aims to be a life finance partner that provides stability and convenience to customers. They offer a range of products, including whole life insurance and pension insurance, to ensure the safety of customers' lives and assets and help them plan for the future. They also sell farmers' safety insurance, which is the only government policy product in Korea, to strengthen the social safety net for farmers. The company is committed to customer-oriented management and has received recognition for its credibility and consumer trust. They are actively transforming into a digital insurance company to provide convenient platforms for customers to access insurance information and services. They have implemented a simple claim for indemnity insurance and a chatbot service. Nonghyup Life Insurance is also engaged in social contribution activities, including financial support for natural disasters, free medical treatment projects for rural tours, and donations to the underprivileged. They are also focused on eco-friendly and socially responsible management, with initiatives such as value management, transparent governance disclosure, and support for eco-friendly businesses. The company expresses gratitude for the continued interest and support of customers and aims to be an insurance company that protects the lives and property of farmers and customers, grows through management innovation, and fosters communication and warmth.

Headquarters
87, Tongil-ro Seodaemun-gu Seoul
Seoul; Seoul;

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Website: http://www.nhlife.co.kr

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
March 02, 2012
Key Executives
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Chairman
Ownership Details
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100%
Subsidiaries
Consus Neo Private Equity Fund
14.7%
Hdc 1st Reit Co.,Ltd.
11.5%
Asan Tangjeong Goyang Samsong Real Estate Investment Trusts
10.5%
Company Performance
Financial values in the chart are available after Nonghyup Life Insurance Co.,Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KRW. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-12.35%
Net fee and commission income
10.66%
Operating profit (EBIT)
15.25%
Net Profit (Loss) for the Period
32.16%
Total assets
-8.29%
Investments
-1.07%
Receivables
13.29%
Total equity
N/A
Net Premiums Earned Trend
-4.21%
Net Profit Trend
-107.57%
Return on Equity (ROE)
N/A
Loss Ratio
51.29%
Underwriting Expenses Ratio
1.12%

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