Korean Re: results for the first nine months of 2023

Korean Re has published its key business indicators for the first three quarters of 2023 in accordance with IFRS17 and IFRS9.

The insurance income has fallen by 8.2% from 4 929.4 billion KRW (3.4 billion USD) for the first nine months of 2022 to 4 524.1 billion KRW (3.3 billion USD).

The net profit has gone up from 114.9 billion KRW (80.2 million USD) at the end of the first three quarters of 2022 to 292.9 billion KRW (217.06 million USD) a year later.

The operating result reached 378.6 billion KRW (280.6 million USD) against 147.5 billion KRW (103 million USD) in 2022.

The return on equity (ROE) increased by 7.4 points to 12.7%.