Korean Re: 2022 results

Korean Re has ended the financial year 2022 with a turnover of 9.879 billion KRW (7.6 billion USD), a 16.4% growth over one year. This solid performance is partly driven by the strong recovery of the reinsurer's operations abroad.

The net profit has increased by 2.9% to reach 157.9 billion KRW (121.5 million USD). The combined ratio of 100.7% has improved by 0.2 points.

As at 31 December 2022, the South Korean company's total assets and shareholders' equity respectively amounted to 14 978 billion KRW (11.7 billion USD) and 2 820 billion KRW (2.2 billion USD).

Established in 1963, Korean Re will celebrate its 60^th anniversary in 2023.