Lotte Insurance posted a net loss of 62.8 billion won last year... It turned into a deficit compared to the previous year
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
폴리
hoondork1977@alphabiz.co.kr | 2023-02-17 01:10:07
[Alpha Biz=(Chicago) Reporter Paul Lee] Lotte Insurance's performance deteriorated last year, a report showed.
Lotte Insurance announced on the 16th that its net loss last year turned into a deficit compared to the previous year at 62.8 billion won.
Operating losses also turned into a deficit of 84.1 billion won. Sales rose 2.6% to 2.3292 trillion won.
An official from Lotte Insurance said, "Last year, costs increased by increasing sales of long-term guarantee insurance to secure contract service margins, and there was some loss perception of fair value measurement assets due to a sharp rise in interest rates," adding, "Excluding these one-off factors, last year's operating profit surplus would have been about 180 billion won."
[ⓒ AlphaBIZ. 무단전재-재배포 금지]