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HANWHA GENERAL INSURANCE CO., LTD.

Main Activities: Insurance Carriers

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Company Information

Full name
HANWHA GENERAL INSURANCE CO., LTD.

Headquarters
Yeongdeungpo-gu Seoul 56; Seoul; Seoul; 100733
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
Financial Auditors: Ernst & Young (2011)
Incorporation Date: April 1, 1946
Total Employees: 2,709

Tel: 02-6366-7000

Company Description

Original premium increased thanks to growth focusing on savings insurance though car insurance sales decreased with raised premium rate while underwriting guidelines are strengthened to stabilize loss rate.Profit increased over the preceding year same period with decreased net operating expenses though loss rate rose around fire and auto insurance.Business base is strengthened with collaborative sales with affiliated companies while importance increased within Hanwha Financial Group. Business will
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 18.48%, from KRW 3,617,137,499 thousands to KRW 4,285,674,803 thousands. Operating result increased from KRW 15,244,505 thousands to KRW 51,315,645 thousands which means 236.62% change. The results of the period increased 415.28% reaching KRW 40,271,655 thousands at the end of the period against KRW 7,815,485 thousands last year. Return on equity (Net income/Total equity) went from 2.32% to 10.18%, the Return On Asset (Net income / Total Asset) went from 0.16% to 0.63% and the Net Profit Margin (Net Income/Net Sales) went from 0.22% to 0.94% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1516.84% compared to 1390.76% of last year.

Key Executives

Gwon,Cheo Sin President
Park,Seok Hui President
Jo,Geon Ho Non-Executive Independent Director
O,Ji Cheol Non-Executive Independent Director
Park,Si Ryong Non-Executive Independent Director
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Balance Sheet

Total Assets

6,396,262,164

7,254,653,270

Total Liabilities

6,000,658,606

6,773,696,630

Shareholders Equity

395,603,557

480,956,640

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

4,285,674,803

2,374,998,280

Operational Profit (Loss)

51,315,645

38,902,589

Net Profit (Loss)

40,271,655

30,323,040

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.63%

0.42%

Return on Equity (ROE)

10.18%

6.3%

Return on Sales (ROS)

1.12%

1.53%

Valuation figures and ratios

Bookvalue (BV)

395,603,558

480,956,640

Liquidity Ratios

Cash Flow to Debt

0.82%

-0.11%

Leverage Ratios

Leverage ratio

1,616.84%

1,508.38%

Debt to equity

1,516.84%

1,408.38%

Debt to total assets

93.82%

93.37%

Market ratios

Price/Book Ratio

0.88

0.77

Trend Ratios

Revenue Trend

118.48%

118.43%

Net Income Trend

515.28%

89.29%