(MENAFN) An improvement in the financial health of S. Korean insurance firms in Q2 of this year, mainly due to the increase in net profits and the higher bond prices they possess.
The risk-based capital (RBC), the minimum required liquid reserves for a financial institution, averaged 288% at the end of June, for 56 life and non-life insurers, up 14.1% from three months earlier.
The average RBC of 25 life insurers increased to 297.1% from 284.7%,
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