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Brief
On March 25, 2025, the Financial Supervisory Service (FSS) issued an update regarding 2024 insurance company management performance (provisional). According to the report, in 2024, the profit of life insurance companies increased by 7.1% to 56.374 trillion KRW, while that of non-life insurance companies increased by 3.1% to 85.066 trillion KRW. The total assets and liabilities of insurance companies also showed significant growth, reaching 1,273.2 trillion KRW and 1,131.2 trillion KRW, respectively.
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