Industry Statistics

Yearly Statistics

Premiums per Line

(Unit : KRW billion)

Year	Premiums per Line
	Fire	Marine	Automobile	Guarantee	Casualty	Long-term	Private Annuity	Retirement Annuity	Total
2014	311	734	13,548	1,515	5,582	44,404	4,109	6,372	76,575
2015	304	709	14,991	1,582	5,693	46,590	4,021	6,367	79,984
2016	301	608	16,405	1,591	6,003	47,773	3,877	7,939	84,497
2017	297	644	16,857	1,744	6,228	49,088	3,701	9,776	88,333
2018	275	595	16,720	1,954	6,653	50,574	3,516	10,778	91,065
2019	272	600	17,568	1,934	7,045	53,100	3,291	11,778	95,586
2020	276	704	19,613	2,030	7,659	55,922	2,992	13,118	102,315
2021	319	744	20,347	2,031	8,512	58,835	2,593	14,308	107,687
2022	320	876	20,840	2,084	9,484	61,797	2,190	22,528	120,109
2023	329	962	21,121	1,911	10,504	64,091	1,950	24,016	124,882

Fiscal year period of insurance industry has been changed from April-March to January-December since FY2013. As a result, FY2013 contains only 3 quarter business results(April to December 2013).

Net Earned Premiums per Line

(Unit : KRW billion)

Year	Net Earned Premiums per Line
	Fire	Marine	Automobile	Guarantee	Casualty	Long-term	Private Annuity	Retirement Annuity	Total
2014	268	309	12,418	1,252	6,300	43,741	4,108	5,079	73,475
2015	272	317	13,285	1,240	6,496	45,818	4,017	4,742	76,188
2016	275	301	14,882	1,308	7,024	46,931	3,877	5,759	80,357
2017	255	295	15,659	1,341	7,582	48,054	3,700	7,635	84,519
2018	259	287	15,674	1,429	8,331	49,382	3,515	7,954	86,830
2019	240	277	15,923	1,502	8,916	51,613	3,290	8,650	90,411
2020	226	295	17,354	1,522	9,310	54,418	2,992	11,104	97,221
2021	239	326	18,731	1,577	9,907	56,999	2,593	9,919	100,291
2022	242	389	19,369	1,639	11,404	60,079	2,181	20,089	115,390
2023	235	421	19,768	1,668	12,237	63,645	1,948	24,016	123,938

Fiscal year period of insurance industry has been changed from April-March to January-December since FY2013. As a result, FY2013 contains only 3 quarter business results(April to December 2013).

Net Incurred Loss Amount per Line

(Unit : KRW billion)

Year	Net Incurred Loss Amount per Line
	Fire	Marine	Automobile	Guarantee	Casualty	Long-term	Private Annuity	Retirement Annuity	Total
2014	148	184	10,985	600	4,404	37,272	4,561	5,256	63,411
2015	136	232	11,640	656	4,480	38,842	4,545	4,963	65,494
2016	155	218	12,356	548	4,917	39,542	4,448	5,986	68,169
2017	122	164	12,661	590	5,275	39,722	4,348	7,884	70,767
2018	132	189	13,545	666	6,078	40,273	4,254	8,276	73,414
2019	155	198	14,771	911	6,554	42,676	4,113	9,032	78,411
2020	187	243	14,854	1,021	7,005	44,662	3,882	11,483	83,335
2021	144	154	15,261	742	7,450	46,955	3,494	10,328	84,527
2022	170	229	15,766	709	8,771	48,166	3,199	20,597	97,607
2023	164	234	15,920	1,119	9,568	51,342	31,298	24,627	106,121

Fiscal year period of insurance industry has been changed from April-March to January-December since FY2013. As a result, FY2013 contains only 3 quarter business results(April to December 2013).

Loss Ratio per Line

(Unit : %)

Year	Loss Ratio per Line
	Fire	Marine	Automobile	Guarantee	Casualty	Long-term	Private Annuity	Retirement Annuity	Total
2014	55.4	59.8	88.5	47.9	69.9	85.2	111	103.5	86.3
2015	49.8	73.1	87.7	52.9	68.9	84.8	113.1	104.7	86
2016	56.5	73.2	83	41.9	70	84.3	114.7	103.9	84.8
2017	48	55.5	80.9	44	69.6	82.7	117.5	103.3	83.7
2018	51	65.6	86.4	46.6	73	81.6	121	104.1	84.5
2019	64.4	71.6	92.8	60.7	73.5	82.7	125	104.4	86.7
2020	82.8	82.3	85.6	67.1	75.2	82.1	129.8	103.4	85.7
2021	60.4	47.1	81.5	47	75.2	82.4	134.7	104.1	84.3
2022	70.4	58.9	81.4	43.2	76.9	80.2	146.7	102.5	84.6
2023	70	55.2	80.5	67.1	78.2	80.7	160.6	102.5	85.6

Fiscal year period of insurance industry has been changed from April-March to January-December since FY2013. As a result, FY2013 contains only 3 quarter business results(April to December 2013).

Net Operating Expenses Ratio

(Unit : %)

Year	Net Operating Expenses Ratio
	Fire	Marine	Automobile	Guarantee	Casualty	Long-term	Private Annuity	Retirement Annuity	Total
2014	46.4	36	19.8	14.9	22.2	18.2	9.2	1.2	17.2
2015	50.7	29.7	19.4	24	23.5	18.7	8.4	1.4	17.8
2016	43.9	34.1	18.4	18.2	22.7	19.5	7.4	1.3	17.8
2017	46.9	33.4	18.8	17.6	22.8	21.2	6.9	1.1	18.5
2018	48.9	36.5	18.1	18.5	22.4	22.9	5.5	1.2	19.3
2019	48.4	35.8	17	16.2	22.8	24.8	4.4	1.1	20.2
2020	49.2	32	15.6	16.6	22.2	23.8	3.7	0.8	18.9
2021	48.1	30.1	16	18.2	21.8	22.4	3.9	1	18.5
2022	53.6	28.2	16.1	18.7	21.6	22.2	3.9	0.2	17
2023	53.6	30.7	16.2	18.2	21.8	25.1	4.7	-0.3	18.1

Fiscal year period of insurance industry has been changed from April-March to January-December since FY2013. As a result, FY2013 contains only 3 quarter business results(April to December 2013).

Combined Ratio per Line

(Unit : %)

Year	Combined Ratio per Line
	Fire	Marine	Automobile	Guarantee	Casualty	Long-term	Private Annuity	Retirement Annuity	Total
2014	101.7	95.7	108.3	62.8	92.1	103.3	120.3	104.7	102.8
2015	100.5	102.8	107	76.7	92.5	103.4	121.6	106.1	103.7
2016	100.4	107.3	101.4	60.1	92.7	103.7	121.6	105.3	102.5
2017	94.9	89	99.7	61.7	92.4	103.8	124.4	104.4	102.1
2018	99.9	102.1	104.6	65.1	95.3	104.4	124.4	105.3	103.8
2019	112.8	107.4	109.7	76.9	96.3	107.5	129.4	105.5	106.9
2020	131.9	114.3	101.1	83.7	97.4	105.9	129.4	105.5	104.6
2021	108.5	77.3	97.5	65.3	97	104.7	138.6	104.2	102.8
2022	123.9	87.1	97.5	62	97	102.4	138.6	104.2	101.3
2023	123.5	86.2	96.7	85.1	100	105.7	165.3	102.2	103.7

Fiscal year period of insurance industry has been changed from April-March to January-December since FY2013. As a result, FY2013 contains only 3 quarter business results(April to December 2013).