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Business Scale
Profitability
Stability
Capital Adequacy
Balance Sheet
Profit & Loss Account
19th (current) period from April 1st 2005 to March 31th 2006
18th (precious) period from April 1st 2004 to March 31th 2005
Company Name: Mirae Asset 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
 
Special Accounts
(unit : Won,)
Accounts 20th period 19th period
Amount Amount
1. Policy Holder Reserves Transfer
0 11,099,289,052 0 (13,720,871,599)
2. Insurance Payout
0 88,594,577,189 0 27,178,838,599
Insurance Payout Expense
81,766,702,899 0 26,297,942,187 0
Refund Expense
6,827,874,290 0 880,896,349 0
Dividend Expense
0 0 0 0
3. Minimum Guarantee Expense
0 0 2,000,664
Variable Death Insurance
33,404,208 0 634,494 0
Variable Annuity Reserve
233,346,861 0 1,366,170 0
Miscellaneous
0 0 0 0
4. Special Account Management Fee
0 4,352,219,129 0 925,726,129
Operating Expense Proportion of Reserves
804,411,503 0 792,547,433 0
Shareholders Equity
0 0 0 0
Miscellaneous
3,547,807,626 0 133,178,696 0
5. Fee Expense
0 163,880,212 0 71,991,578
6. Taxes & Dues
0 30,499,100 0 31,010,651
7. Depreciation Expense
0 0 0 0
8. Bad Debt Expenses
0 5,763,980 0 0
9. Property Management Fee
0 0 0 0
10. Loss on Disposal of Marketable Securities
0 2,886,035,787 0 355,349,481
11. Loss on Valuation of Marketable Securities
0 11,616,111,794 0 1,190,809,867
12. Loss on Disposal of Investment Assets
0 0 0 350,000
13. Loss on Valuation of Investment Assets
0 0 0 0
14. Loss on Disposal of Tangible Assets
0 0 0 0
15. Trust Account Deficit
0 0 0 0
16. Loss on Foreign Currency Transaction
0 0 0 0
17. Interest Expense
0 10,528,921 0 29,179,582
18. Other Expenses
0 208,260,161 0 582,168,030
Provision for Reserves
0 0 0 0
Total Expense
0 119,233,916,394 0 16,646,352,879
1. Insurance Premium Revenue
0 103,572,899,608 0 9,089,012,066
Individual Insurance Premiums
78,974,106,386 0 2,111,991,798 0