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Woori Aviva Life Insurance Co.,Ltd. (South Korea)

Main Activities: Insurance Carriers
Full name: Woori Aviva Life Insurance Co.,Ltd. Profile Updated: October 27, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Woori Aviva Life Insurance Co.,Ltd. is an insurance company based in Busan, South Korea. The company was incorporated in 1988 and was formerly known as LIG Life Insurance Co.,Ltd. They offer a range of insurance services including life insurance, accident insurance, health insurance, pension, and other personal insurance packages. Woori Aviva Life Insurance Co.,Ltd. is part of the broader Woori Financial Holdings Company Limited, which includes Woori Bank, two regional banks, Woori Investment & Securities, Woori Card, and other financial services. The company serves more than 23 million customers and has a network of over 1,500 branches. Aviva plc, a UK-based insurance company, has reached an agreement to sell its entire 47% stake in Woori Aviva Life Insurance to NongHyup Financial Group as part of a broader privatisation of Woori by the Government of South Korea. The sale is subject to regulatory approval.

Headquarters
14, Jungang-daero 361beon-gil Dong-gu Busan
Busan; Busan;

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Website: http://www.dgbfnlife.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
June 01, 1988
Key Executives
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Chairman
Ownership Details
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86.9%
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13.1%
Subsidiaries
Daegu Football Club Co.,Ltd.
Dgb Financial Group Co., Ltd.
Newsystock Co.,Ltd.
Company Performance
Financial values in the chart are available after Woori Aviva Life Insurance Co.,Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KRW. Absolute financial data is included in the purchased report.
Net insurance premium revenue
2.83%
Net fee and commission income
-1.77%
Operating profit (EBIT)
-72.13%
Net Profit (Loss) for the Period
-49.27%
Total assets
-3.79%
Investments
9.85%
Receivables
5.37%
Total equity
-21.03%
Net Premiums Earned Trend
-11.57%
Net Profit Trend
-68.3%
Return on Equity (ROE)
-4.45%
Loss Ratio
38.01%
Underwriting Expenses Ratio
-0.19%

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