Friday, March 10, 2017

Tong Yang Life Insurance, enhance financial stability through capital increase



[Korea gimmingyeong financial newspaper reporter] decided to nine days Tong Yang Life Insurance, open the regular expansion of the Board of Directors receive the amount of capital through third-party allocation capital increase from 528.3 billion won a major shareholder. This Tong Yang Life Insurance was able to significantly increase the quality of capital raising, including 52.5% p drag the RBC ratio of 182.0% as of the end of last year 234.5%.

This increased, from 63.0% stake in the capital increase as majority shareholder with 75.3% participation in the master bedroom group, it would be further enhanced responsible management of the Group doorstep.

For this year business plan presented a net profit of 7.0173 trillion won and 203.6 billion won in premium income increased 5.1% year-on-year goals. Tong Yang Life is reportedly planning to make a strong sales drive focusing on protection-type products such as the earnings increase the monthly payment protection-type initial premium of 17.2% to achieve.

Cash dividends per share in 1200 won shareholder value dimension also decided to conduct.

Tong Yang Life Insurance said, "Last year, 12 meat collateral by the maximum profit achieved since its establishment as a one-off factors reflect it in accordance with the loan damage miruge dwaetjiman such as greatly increased the protection-type monthly payment initial premium business base that occurred May became harder" and "rights offering It said it would embark on a new leap based on a strong financial structure, "according to.

Tong Yang Life Insurance has posted preliminary results also reflect a one-off factors such as damage to the meat of loans. The consolidated financial statements are based on past sales in 2015 increased by 58.1% compared to 7.4295 trillion won, operating profit and net profit, respectively -298 billion won, 14.8 billion won.



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