In 2018, Korean Re continued to deliver stable premium growth in spite of unfavorable market conditions, with gross written premiums increasing by 4.9 percent to KRW 7,558.5 billion.

We have come through a year that was filled with daunting challenges, such as adverse catastrophe experience and rapidly changing financial market conditions. The prolonged period of sluggish economic growth and low interest rates continued to pose a setback for the (re)insurance industry. Navigating an ever-evolving regulatory environment was another important challenge for the industry as the insurance supervisory landscape has been in a constant state of flux. 


Financial Highlights 2018

Korean Re achieved stable premium growth in 2018, with gross written premiums increasing by 4.9 percent to KRW 7,558.5 billion. We saw our net written premiums grow by 5.9 percent to KRW 5,318 billion. Our net income totaled KRW 102.9 billion for the year compared to KRW 133 billion a year before, reflecting a drop in underwriting results. The value of our total assets rose by KRW 685.6 billion year over year to KRW 10,750.9 billion as of late December 2018, while our invested assets amounted to KRW 5,879.6 billion, up KRW 256.1 billion year over year. 


Review of Operations

Corporate Social Responsibility

In 2018, we donated more than KRW 800 million to a number of charitable causes, and 155 employees participated in volunteering activities, with a total of 1,998 hours spent throughout the year. We continued to implement our regular employee volunteer programs designed to support underserved people and communities and those affected by natural disasters both at home and abroad.


Inside Korean Re

Corporate Information

Global Network Contact