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DGB Life Insurance and financial soundness indicators were found to be below the level recommended by financial authorities

Business / 김지선 / 04/02/2023 08:57 PM
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
DGB금융센터 전경 (사진=DGB생명)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] DGB Life Insurance, affiliated with DGB Financial Group, showed the lowest financial health index in the industry as well as far below the recommended level of financial authorities.

According to the industry on the 2nd, DGB Life Insurance had the lowest risk-based capital (RBC) ratio among life insurance companies that announced their performance at the end of last year. 

 

DB Life Insurance (141.9%) and Nonghyup Life Insurance (147.5%) followed, and they also fell short of the level recommended by the authorities (more than 150%). Heungkuk Life Insurance (152.2%) barely exceeded the recommended level.

BNP Paribas Cardiff had the highest RBC ratio in life insurers, accounting for 499.2%.

In this situation, DGB Life Insurance held a board meeting on the 30th of last month and decided to increase capital by issuing 2,326,392 common shares, 8,597 won per share, a total of 20 billion won. 

 

The paid-in capital increase will be aimed at existing shareholders and the payment date will be until the 14th. In April and June last year, DGB Life Insurance made a capital increase of 30 billion won and 150 billion won, respectively, citing financial soundness. DGB Life Insurance saw its RBC ratio fall to 84.5 percent at the end of March last year.

 

 

AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)

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