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HEUNGKUK FIRE & MARINE INSURANCE CO.,LTD.

Main Activities: Insurance Carriers

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Company Information

Full name
HEUNGKUK FIRE & MARINE INSURANCE CO.,LTD.

Headquarters
226, SINMUNNO 1-GA, JONGNO-GU, SEOUL; Seoul; Seoul; 110061
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: KPMG (2011)
Incorporation Date: March 15, 1948
Total Employees: 1,266

Tel: 02-2002-6000

Company Description

Original premium increased around long-term insurance though auto insurance sales decreased due to premium rate rise.Net profit increased over the preceding year same period with decreased operating expenses though loss rate rose around RG premium.50% encroached capital replenished through rights issue. Original premium growth will continue as long-term insurance market grows thanks to global economic uncertainty.Earnings growth will be limited with loss rate rising with typhoon damages, decreased
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 11.72%, from KRW 2,797,552,000 thousands to KRW 3,125,557,000 thousands. Operating Results increased from KRW -66,248,000 thousands to KRW 48,302,000 thousands. The results of the period reached KRW 56,520,000 thousands at the end of the period against KRW -64,897,000 thousands last year. Return on equity (Net income/Total equity) went from -57.87% to 26.87%, the Return On Asset (Net income / Total Asset) went from -1.97% to 1.23% and the Net Profit Margin (Net Income/Net Sales) went from -2.32% to 1.81% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 2093.22% compared to 2842.83% of last year.

Key Executives

Baek,Seung Ik Non-Executive Independent Director
Chae,Hong Hui Non-Executive Independent Director
Kim,Jin Bae Non-Executive Independent Director
Lee,Seung Cheol Non-Executive Independent Director
Kim,Yong Gwon Vice President
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Balance Sheet

Total Assets

4,613,140,000

5,262,071,000

Total Liabilities

4,402,804,000

4,991,031,000

Shareholders Equity

210,336,000

271,040,000

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

3,125,557,000

1,803,824,000

Operational Profit (Loss)

48,302,000

38,863,000

Net Profit (Loss)

56,520,000

43,674,000

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.05%

0.74%

Return on Equity (ROE)

26.87%

16.11%

Return on Sales (ROS)

1.84%

2.62%

Valuation figures and ratios

Bookvalue (BV)

210,336,000

271,040,000

Liquidity Ratios

Cash Flow to Debt

-1.82%

1.19%

Leverage Ratios

Leverage ratio

2,193.22%

1,941.44%

Debt to equity

2,093.22%

1,841.44%

Debt to total assets

95.44%

94.85%

Market ratios

Price/Book Ratio

1.64

1.25

Trend Ratios

Revenue Trend

111.72%

121.06%

Net Income Trend

-74.43%

120.34%