KB Insurance reported a 9.1% increase in earnings for fiscal year 2024, reaching $5.77 billion (₩835.9 billion), driven by higher revenues. The company saw a 3.8% year-on-year (YoY) rise in insurance revenues, totaling $72.45 billion (₩10.5 billion), although this growth was partly offset by a 2.6% YoY rise in insurance expenses, which amounted to $64.86 billion (₩9.4 billion).
KB Life Insurance also showed strong performance, with earnings increasing 5.1% YoY to $1.768 billion (₩256.2 billion). The life insurance segment’s operating income surged 13.1% YoY to $5.979 billion (₩865.1 billion). Operating expenses in this segment saw a smaller increase, rising 1.8% YoY to $3.736 billion (₩541.4 billion).
KB Financial Group’s earnings per share for the year stood at $88.32 (₩12,800).
(Note: $1.00 = ₩1,453.15)
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