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Business Scale
Profitability
Stability
Capital Adequacy
Balance Sheet
Profit & Loss Account
18th (current) period as at April 1st 2005
17th (precious) period as at April 1st 2004
Company Name: SK Life Insurance Co., Ltd.
Summary
(unit : Won,)
Accounts 18th period (current period) 17th period (previous period)
Amount Amount
I. Operating Revenues
1,814,156,972,664 1,705,315,469,559
1. Insurance Premium Revenue
1,228,259,965,714 1,211,246,167,691
2. Reinsurance Premium Revenue
119,816,121,759 113,071,184,390
3. Interest Revenue
220,636,866,156 214,974,508,551
4. Dividend Revenue
1,527,500,000 904,586,500
5. Lease Expense
4,993,509,260 5,012,637,246
6. Fee Revenue
2,176,594,086 2,527,247,067
7. Gains on Disposal of Trading securities
13,048,019,843 8,796,548,302
8. Gains on Valuation of Trading Securities
1,511,513,290 2,872,990,953
9. Subsidiary Fee Revenue Account
3,422,174,819 3,528,484,519
10. Recovery of Provision for Bad Debts
565,308,862 79,174,399
11. Subsidiary Revenue Account
218,125,259,746 142,264,692,868
12. Other Operating Revenues
74,139,129 37,247,072
II. Operating Expenses
1,770,969,170,180 1,662,589,017,588
1. Recovery of Insurance Reserve
386,913,959,329 348,668,131,523
2. Insurance Payout Expense
107,383,449,044 149,151,929,732
3. Refund Expense
602,270,624,953 564,740,593,326
4. Dividend Expense
3,161,602,814 4,739,564,732
5. Reinsurance Payment Expense
121,350,413,500 114,184,018,126
6. Interest Expense
13,987,338,339 18,813,556,911
7. Loss on Disposal of Trading Securities
2,223,402,102 1,554,695,331
8. Loss on Valuation of Trading Securities
825,031,767 239,628,574
9. Operating Expenses
193,268,135,785 194,543,895,588
10. Amortization of Acquisition Costs of New or Renewal Insurance Contracts
82,918,385,070 88,026,105,358
11. Property Management Fee
14,805,717,929 14,006,561,638
12. Depreciation Expense
9,600,760,691 10,015,115,826
13. Intangible Assets Amortization Expense
4,951,930,092 3,569,870,902
14. Bad Debt Expenses
8,824,664,095 7,787,427,776
15. Discount Fee
150,237,924 217,801,887
16. Subsidiary Expense Account
218,125,259,746 142,264,692,868
17. Other Operating Expenses
208,257,000 65,427,490
III. Operating Profit
43,187,802,484 42,726,451,971
IV. Non-operating Revenues
69,719,466,845 32,400,310,080
1. Gains on Disposal of Available-for-sale-securities
12,088,219,430 18,267,433,563
2. Recovery of Loss on Devaluation of Available-for-sale-securities
34,257,983 -
3. Recovery of Loss on Devaluation of Securities Owned to Maturity
48,066,356 -
4. Gain on Disposal of Investment Assets
1,799,265,049 -
5. Gain on Disposal of Tangible Assets
1,552,728,719 1,041,000
6. Gain on Disposition of Other Assets
- 694,000,000
7. Gains on Derivative Transactions
6,766,027,196 4,205,687,115
8. Gain on Valuation of Derivatives
46,556,801,508 7,090,409,121
9. Gain on Foreign Currency Transaction
11,799,570 37,504,229
10. Gain on Foreign Currency Translation
69,000,000 -
11. Miscellaneous Gains
793,301,034 2,104,235,052
V. Non-operating Expense
50,751,363,595 15,737,600,580
1. Loss on Disposal of Available-for-sale-securities
3,767,173,842 645,681,158
2. Loss on Devaluation of Securities Owned to Maturity
- 2,552,016,456
3. Loss on Disposal of Investment Assets
2,865,806,887 -
4. Loss on Disposal of Tangible Assets
624,025,154 15,520,092
5. Loss on Derivative Transactions
496,956,378 547,829,623
6. Loss on Valuation of Derivatives
1,332,781,231 427,960,000
7. Loss on Foreign Currency Transaction
2,566,049,803 446,876,135
8. Loss on Foreign Currency Translation
37,912,802,969 10,355,775,432
9. Donations
44,907,231 104,433,000
10. Miscellaneous Losses
1,140,860,100 641,508,684
VI. Ordinary Profit
62,155,905,734 59,389,161,471
VII. Extraordinary Profit
- -
VIII. Extraordinary Losses
- -
IX. Net Profit Before Income Tax
62,155,905,734 59,389,161,471
X. Income Tax Expense
18,936,334,855 42,750,106,774
XI. Net Profit
43,219,570,879 16,639,054,697
Ordinary Profit Per Share
current period: 797 won
previous period: 337 won

Net Profit Per Share
current period: 797 won
previous period: 337 won
 
18th (current) period as at March 31th 2005
17th (precious) period as at March 31th 2004
Special Accounts
(unit : Won,)
Accounts 18th period (current period)
1st Quarter		 17th period (previous period)
Retirement Insurance Variable Insurance Retirement Insurance Variable Insurance
I. Earnes Insurance Premiums
187,749,006,874 1,424,181,615 109,819,698,369 59,605,333
1. Insurance Premium Revenue
187,749,006,874 1,424,181,615 109,819,698,369 59,605,333
II. Incurred Damages
131,143,275,304 0 128,819,723,407 49,800
1. Insurance Payout Expense
68,588,655,855 69,533,037,311
2. Refund Expense
62,554,619,449 59,286,686,096 49,800
III. Minimum Guarantee Expense
30,767,823 0 10,773,628
IV. Net Operating Expense
4,041,343,648 229,234,410 4,332,588,144 58,171,279
1. Subsidiary Management Fee Account
3,202,100,177 220,074,642 3,473,979,750 54,504,769
2. Fee Expense
662,211,191 8,573,218 597,420,364 3,495,267
3. taxes & dues
663,308,057 586,550 229,999,706 171,243
4. Bad Debt Expenses
13,724,223 31,188,324
V. Investment Operatin Revenues
30,376,192,872 878,132,690 32,444,994,499 764,434,551
1. Interest Revenue
22,650,378,487 366,437,425 24,749,927,335 285,581,415
2. Dividend Revenue
51,425,000 60,510,445 37,750,000 42,261,650
3. Revenues on Disposal of Trading Securities
6,008,219,093 179,255,549 4,550,572,476 88,915,279
4. Gains on Valuation of Trading Securities
1,547,601,626 266,108,416 3,039,502,522 347,440,396
5. Other Revenues
118,568,666 5,820,855 67,246,166 235,811
VI. Investment Operating Expense
6,805,420,301 753,672,622 3,783,583,854 702,037,601
1. Loss on Disposal of Trading Securities
4,178,900,488 27,907,902 3,091,485,121 119,323,174
2. Loss on Valuation of Trading Securities
2,545,249,369 152,059,049 628,257,454 753,774
3. Interest Expense
81,270,444 4,324 63,841,279
4. Other Expenses
573,201,347 581,990,653
VII. Policy Holder Reserves Transfer
76,135,220,493 1,289,139,450 5,328,797,463 53,007,576
VIII. Extraordinary Profit
IX. Extraordinary Losses
X. Income Tax Expense
XI. Net Profit
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