News Life and Health26 Apr 2022

South Korea:Kyobo Life manages negative-spread burden

| 26 Apr 2022

Kyobo Life Insurance's return on equity was about 5% for 2021, with a three-year average of 5%, notes Fitch Ratings. The company, which is among leading life insurers in the country, has been proactive in managing the cost of its negative-spread burden and continues to balance its portfolio mix by emphasising the sale of more profitable protection-type policies.

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