Korean Re
 | DATE OF CREATION: 1963, Seoul, South Korea |
| CLASS OF BUSINESS: Life and non life | |
| UNDERWRITING ZONE: Worldwide | |
| REGIONAL STRUCTURES: 12 structures in 10 countries |
Korean Re : contact
| CONTACT: 68 Jongno 5 Gil, Jongno-Gu, Seoul, 03151, South Korea |
| Tel: (822) 3702-6000 |
| Fax: (822) 739-3754 |
| Email: service [at] koreanre [dot] co [dot] kr |
| Website: eng.koreanre.co.kr |
Korean Re : rating
| Agency | Rating | Outlook |
| A.M Best | A | Stable |
| Standard & Poor’s | A | Stable |
Korean Re : main indicators
in thousands USD| 2019 | 2020 | |
| Turnover | 7 088 000 | 7 385 000 |
| Shareholder’s equity | 2 236 000 | 2 110 000 |
| Net result | 119 000 | 133 000 |
Korean Re : turnover 2021 by class of business*
in thousands USD| Premiums | In % | |
| Property | 1 079 000 | 14.61% |
| Casualty | 1 005 000 | 13.61% |
| Engineering | 694 000 | 9.40% |
| Motor | 582 000 | 7.88% |
| Marine and aviation | 349 000 | 4.73% |
| Overseas business | 334 000 | 4.52% |
| Total non life | 4 043 000 | 54.75% |
| Life | 3 342 000 | 45.25% |
| Grand total | 7 385 000 | 100% |
Korean Re : capital and shareholding
| Shareholders | In % |
| Korean Reinsurance Company | 15% |
| National Pension Service of Korea | 7.02% |
| Skagen AS | 6.64% |
| Shinyoung Securities Co. | 6.49% |
| In-soon Chang | 5.72% |
| Others | 59.13% |
 | |
Korean Re : technical ratios
| 2020 | 2021 | |
| Net loss ratio | 85.7% | 87.1% |
| Net management expenses ratio | 14.9% | 13.8% |
| Net combined ratio | 100.6% | 100.9% |
Korean Re : management
| Jong-Ik Won | Chairman |
| Jong-Gyu Won | President & CEO |
| Chul-Min Jang | Executive managing director |
| Yung-heub Song | Managing director, strategy, finance & global business |
Source: Korean Re
Exchange rate as at 31/12/2020: 1 KRW = 0.00092 USD ; 31/12/2021: 1 KRW = 0.00084 USD
