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Mg Non-Life Insurance Co.,Ltd. (South Korea)

Main Activities: Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Mg Non-Life Insurance Co.,Ltd. Profile Updated: July 05, 2021
Buy our report for this company USD 29.95 Most recent financial data: 2019 Available in: English Download a sample report

Mg Non-Life Insurance Co.,Ltd. is an enterprise in South Korea, with the main office in Seoul. It operates in the Insurance Carriers industry. The company was established on February 08, 2013. The total number of employees is currently 694 (2020). In 2019, the company reported a net sales revenue increase of 18.98%. Its’ total assets recorded a growth of 6.48%.

Headquarters
335, Teheran-ro Gangnam-gu Seoul
Seoul; Seoul;

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Website: http://www.mggeneralins.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Ratings:
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Incorporation Date:
February 08, 2013
Key Executives
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Chairman
Ownership Details
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90.2%
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9.8%
Subsidiaries
Mg-Service Co.,Ltd.
100%
Green Esset Management Co.,Ltd.
99%
Jc Assurance No.1 Limited
Company Performance
Financial values in the chart are available after Mg Non-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
18.98%
Net fee and commission income
-78.96%
Operating profit (EBIT)
-16.86%
Net Profit (Loss) for the Period
-27.01%
Total assets
6.48%
Investments
-90.34%
Receivables
12.37%
Total equity
8.43%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-1.78%
Loss Ratio
4.91%
Underwriting Expenses Ratio
-2.39%

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