Mirae Asset Life Insurance (085620): Korean Financials stock

What the company does

Mirae Asset Life Insurance provides life insurance policies, contracts that pay out a set benefit when the policyholder dies or survives to a specified point, to individual customers in South Korea.

It distributes products through independent agency networks, online channels, and bancassurance (policies sold via bank branches). Listed on KOSPI, South Korea's main stock exchange, the company pursues a two-track product strategy focused on protection-type insurance and variable insurance, the latter linking policy returns to investment performance.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$42.8M

▲ +10.2% YoY

Operating profit · FY2025

US$141M

▲ +59.3% YoY

Net income · FY2025

US$94.8M

▼ −3.9% YoY

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$41.4M(₩57.1B)	US$38.8M(₩53.6B)	US$42.8M(₩59.1B)
Operating profit	US$122.6M(₩169.1B)	US$88.5M(₩122.1B)	US$141M(₩194.5B)
Net income	US$84.9M(₩117.2B)	US$98.6M(₩136.1B)	US$94.8M(₩130.8B)

Revenue

FY2023US$41.4M
FY2024US$38.8M
FY2025US$42.8M

Operating profit

FY2023US$122.6M
FY2024US$88.5M
FY2025US$141M

Net income

FY2023US$84.9M
FY2024US$98.6M
FY2025US$94.8M

Key ratios (FY2025)

ROE

5.3%

Debt/Eq

1244.8%

Op. margin

329.3%

Net margin

221.4%

Rev. YoY

▲ +10.2%

Why it matters · Context, not a recommendation

Beyond collecting premiums, the company operates as an institutional investor, managing a large pool of policyholder assets in securities and loans.

Filings

All disclosures · English when translated

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