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Business Scale
Profitability
Stability
Capital Adequacy
Balance Sheet
Profit & Loss Account
20th (current) period from April 1st 2006 to March 31th 2007
19th (precious) period from April 1st 2005 to March 31th 2006
Company Name: Mirae Asset Life Insurance Co., Ltd.
Summary
(unit : Won,)
Accounts 20th period (current period) 19th period (previous period)
Amount Amount
I. Operating Revenues
1,812,813,245,789 1,817,292,410,882
1. Insurance Premium Revenue
1,214,152,127,064 1,256,467,712,496
2. Reinsurance Premium Revenue
122,835,096,525 128,868,082,649
3. Interest Revenue
208,921,849,595 224,713,752,632
4. Dividend Revenue
10,997,944,711 1,754,990,648
5. Lease Expense
3,356,686,172 3,588,479,150
6. Fee Revenue
10,708,909,290 1,899,091,229
7. Special Account Revenue Fee
35,353,770,777 7,246,193,234
8. Gains on Disposal of Trading securities
7,188,340,820 7,413,740,771
9. Gains on Valuation of Trading Securities
2,311,275,361 29,174,251
10. Revenue Special Account
195,068,703,105 184,098,720,255
11. Other Operating Revenues
1,918,542,369 1,212,473,567
II. Operating Expenses
  1,865,720,347,097 1,848,062,084,964
1. Recovery of Insurance Reserve
397,351,579,413 409,965,808,115
2. Insurance Payout Expense
79,790,783,678 119,720,132,947
3. Refund Expense
622,077,271,242 603,397,751,817
4. Dividend Expense
1,982,413,898 2,310,077,487
5. Reinsurance Payment Expense
124,605,646,719 130,686,219,525
6. Interest Expense
4,135,556,544 9,573,968,199
7. Loss on Disposal of Trading Securities
34,619,593 1,909,862,930
8. Loss on Valuation of Trading Securities
3,962,054 1,351,734,557
9. Operating Expenses
166,181,260,156 154,790,017,567
10. Amortization of Acquisition Costs of New or Renewal Insurance Contracts
223,720,667,950 192,569,202,604
11. Property Management Fee
19,346,859,556 16,028,269,703
12. Depreciation Expense
17,752,575,535 9,722,692,770
13. Intangible Assets Amortization Expense
7,423,444,990 6,686,231,286
14. Bad Debt Expenses
2,440,327,223 2,914,598,130
15. Discount Fee
123,486,699 153,609,931
16. Expense Special Account
195,068,703,105 184,098,720,255
17. Other Operating Expenses
3,681,188,742 2,183,187,141
III. Operating Profit
  52,907,101,308 30,769,674,082
IV. Non-operating Revenues
  82,509,175,591 96,513,792,294
1. Gains on Disposal of Available-for-sale-securities
33,957,195,790 78,437,791,159
2. Gains on Disposal of Available-for-sale-securities
- 2,537,611,120
3. Gain on Equity
1,791,717,010 -
4. Gain on Disposal of Tangible Assets
- 139,000
5. Recovery of Provision for Bad Debts
217,740,031 53,595,975
6. Gains on Derivative Transactions
6,771,242,306 8,098,051,646
7. Gain on Valuation of Derivatives
5,764,332,513 6,438,307,586
8. Gain on Foreign Currency Transaction
5,687,969
 423,592,302
9. Gain on Foreign Currency Translation
181,334,344 -
10. Miscellaneous Gains
33,819,925,628 524,703,506
V. Non-operating Expense
  19,670,444,009 25,682,796,453
1. Loss on Disposal of Available-for-sale-securities
4,804,522,630 540,646,558
2. Loss on Devaluation of Securities Owned to Maturity
- 70,225,000
3. Loss on Disposal of Investment Assets
306,429,962 -
4. Loss on Devaluation of Investment Assets
340,718,788 -
5. Loss on Disposal of Tangible Assets
30,282,815 84,290,215
6. Loss on Devaluation of Tangible Assets
932,927,072 -
7. Loss on Disposition of Other Assets
- 10,230,390
8. Donations
46,880,383 24,566,850
9. Loss on Derivative Transactions
1,665,150,515 5,387,455,328
10. Loss on Valuation of Derivatives
100,095,473 25,922,498
11. Loss on Foreign Currency Transaction
1,455,583,901 1,529,618,904
12. Loss on Foreign Currency Translation
9,538,928,098 13,500,091,520
13. Miscellaneous Losses
448,924,372 4,509,749,190
VI. Ordinary Profit
  9,931,630,274 40,061,321,759
VII. Extraordinary Profit
  - -
VIII. Extraordinary Losses
- -
IX. Net Profit Before Income Tax
  9,931,630,274 40,061,321,759
X. Income Tax Expense
  (-)24,687,275,243 10,994,807,212
XI. Net Profit
  34,618,905,517 29,066,514,547
Ordinary Profit Per Share
Net Profit Per Share
current period: 411 won
previous period: 419 won
 
Special Accounts
(unit : Won,)
Accounts 20th period 19th period
Amount Amount
1. Policy Holder Reserves Transfer
- 506,250,759,390 - 280,192,152,934
2. Insurance Payout
- 199,844,043,660 - 122,359,620,078
Insurance Payout Expense
146,844,950,972 - 92,803,068,808 -
Refund Expense
52,999,092,688 - 29,556,551,270 -
Dividend Expense
- - - -
3. Minimum Guarantee Expense
- 1,452,369,799 - 338,837,597
Variable Death Insurance
217,917,406 - 39,222,992 -
Variable Annuity Reserve
1,234,452,393 - 299,614,605 -
Miscellaneous
- - - -
4. Special Account Management Fee
- 35,353,731,802 - 7,246,193,234
Operating Expense Proportion of Reserves
3,382,243,892 - 3,243,961,162 -
Shareholders Equity
27,224,825 - 286,307,145 -
Miscellaneous
31,944,263,085 - 3,715,924,927 -
5. Fee Expense
- 666,865,485 - 644,869,211
6. Taxes & Dues
- 132,436,170 - 156,101,720
7. Depreciation Expense
- - - -
8. Bad Debt Expenses
- 82,966,076 - 68,158,084
9. Property Management Fee
- - - -
10. Loss on Disposal of Marketable Securities
- 12,501,357,575 - 12,983,614,786
11. Loss on Valuation of Marketable Securities
- 4,896,855,346 - 4,095,985,463
12. Loss on Disposal of Investment Assets
- - - -
13. Loss on Valuation of Investment Assets
- - - -
14. Loss on Disposal of Tangible Assets
- - - -
15. Trust Account Deficit
- - - -
16. Loss on Foreign Currency Transaction
- - - -
17. Interest Expense
- 31,863,686 - 38,413,805
18. Other Expenses
- 5,450,315,248 - 6,881,142,485
Provision for Reserves
- - - -
Total Expense
- 766,663,564,237 - 435,005,089,397
1. Insurance Premium Revenue
- 664,396,086,427 - 376,673,453,381
Individual Insurance Premiums
494,814,946,729 - 226,368,535,762 -
Group Insurance
169,581,139,698 - 150,304,917,619 -
2. Interest Revenue
- 32,635,758,737 - 25,479,234,060
Interest on Deposits
2,368,518,813 - 358,344,690 -
Interest on Marketable Securities