Lotte Non-Life
Lotte Non - Life Insurance Co., Ltd. is engaged in non-life insurance and reinsurance and insurance payment in South Korea. The company offers automobile, fire, casualty, long-term, marine, and retirement insurance products, as well as reinsurance products. It provides its products through professional Lotte consultants, bancassurance channels, and financial centers. The company was founded in 19… Read more
Lotte Non-Life (000400) - Net Assets
Latest net assets as of September 2025: ₩590.89 Billion KRW
Based on the latest financial reports, Lotte Non-Life (000400) has net assets worth ₩590.89 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩14.88 Trillion) and total liabilities (₩14.29 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩590.89 Billion |
| % of Total Assets | 3.97% |
| Annual Growth Rate | 9.87% |
| 5-Year Change | -16.09% |
| 10-Year Change | 79.28% |
| Growth Volatility | 52.09 |
Lotte Non-Life - Net Assets Trend (1999–2024)
This chart illustrates how Lotte Non-Life's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lotte Non-Life (1999–2024)
The table below shows the annual net assets of Lotte Non-Life from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩794.24 Billion | -36.78% |
| 2023-12-31 | ₩1.26 Trillion | +180.01% |
| 2022-12-31 | ₩448.64 Billion | -55.23% |
| 2021-12-31 | ₩1.00 Trillion | +5.86% |
| 2020-12-31 | ₩946.54 Billion | -2.00% |
| 2019-12-31 | ₩965.85 Billion | +71.45% |
| 2018-12-31 | ₩563.34 Billion | +2.94% |
| 2017-12-31 | ₩547.25 Billion | +9.15% |
| 2016-12-31 | ₩501.39 Billion | +13.18% |
| 2015-12-31 | ₩443.01 Billion | +45.50% |
| 2014-12-31 | ₩304.47 Billion | +14.99% |
| 2013-12-31 | ₩264.78 Billion | -7.57% |
| 2012-12-31 | ₩286.46 Billion | +35.13% |
| 2011-12-31 | ₩211.98 Billion | +1.26% |
| 2010-12-31 | ₩209.34 Billion | -4.69% |
| 2009-12-31 | ₩219.64 Billion | +12.14% |
| 2008-12-31 | ₩195.86 Billion | +67.58% |
| 2007-12-31 | ₩116.87 Billion | +6.69% |
| 2006-12-31 | ₩109.54 Billion | +8.83% |
| 2005-12-31 | ₩100.66 Billion | -2.81% |
| 2004-12-31 | ₩103.56 Billion | +7.94% |
| 2003-12-31 | ₩95.95 Billion | -2.48% |
| 2002-12-31 | ₩98.39 Billion | +58.84% |
| 2001-12-31 | ₩61.94 Billion | +473.55% |
| 2000-12-31 | ₩-16.58 Billion | -121.97% |
| 1999-12-31 | ₩75.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lotte Non-Life's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 37316060662000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩373.16 Billion | 46.98% |
| Other Components | ₩421.08 Billion | 53.02% |
| Total Equity | ₩794.24 Billion | 100.00% |
Lotte Non-Life Competitors by Market Cap
The table below lists competitors of Lotte Non-Life ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Geninus Inc.
KQ:389030
|
$70.04 Million |
|
Bigtincan Holdings Limited
PINK:BTGHF
|
$70.05 Million |
|
Granite Point Mortgage Trust Inc
NYSE:GPMT
|
$70.06 Million |
|
G2Power Co. Ltd.
KQ:388050
|
$70.07 Million |
|
Intermap Technologies Corp
OTCQX:ITMSF
|
$70.03 Million |
|
Sanurhasta Mitra PT
JK:MINA
|
$70.02 Million |
|
Go Fashion (India) Limited
NSE:GOCOLORS
|
$70.02 Million |
|
Taiwan Fructose Co Ltd
TWO:4207
|
$70.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lotte Non-Life's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,256,231,689,670 to 794,239,494,160, a change of -461,992,195,510 (-36.8%).
- Net income of 24,221,402,910 contributed positively to equity growth.
- Dividend payments of 3,128,000,000 reduced retained earnings.
- Other factors decreased equity by 483,085,598,420.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩24.22 Billion | +3.05% |
| Dividends Paid | ₩3.13 Billion | -0.39% |
| Other Changes | ₩-483.09 Billion | -60.82% |
| Total Change | ₩- | -36.78% |
Book Value vs Market Value Analysis
This analysis compares Lotte Non-Life's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.50x to 0.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩4113.03 | ₩2055.00 | x |
| 2018-12-31 | ₩4233.91 | ₩2055.00 | x |
| 2019-12-31 | ₩3124.61 | ₩2055.00 | x |
| 2020-12-31 | ₩3062.14 | ₩2055.00 | x |
| 2021-12-31 | ₩3241.64 | ₩2055.00 | x |
| 2022-12-31 | ₩1451.40 | ₩2055.00 | x |
| 2023-12-31 | ₩4064.03 | ₩2055.00 | x |
| 2024-12-31 | ₩2569.44 | ₩2055.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lotte Non-Life utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.07%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 19.57x
- Recent ROE (3.05%) is below the historical average (8.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 59.89% | 6.98% | 0.70x | 12.27x | ₩30.90 Billion |
| 2002 | 39.93% | 7.85% | 0.63x | 8.13x | ₩29.44 Billion |
| 2003 | 3.56% | 0.65% | 0.66x | 8.21x | ₩-6.18 Billion |
| 2004 | 9.84% | 2.00% | 0.64x | 7.71x | ₩-168.62 Million |
| 2005 | 2.69% | 0.50% | 0.64x | 8.40x | ₩-7.36 Billion |
| 2006 | 6.60% | 1.00% | 0.70x | 9.37x | ₩-3.73 Billion |
| 2007 | 1.83% | 0.25% | 0.71x | 10.36x | ₩-9.55 Billion |
| 2009 | 7.07% | 1.13% | 0.59x | 10.56x | ₩-6.43 Billion |
| 2011 | 6.03% | 0.74% | 0.50x | 16.36x | ₩-8.42 Billion |
| 2013 | 1.86% | 0.33% | 0.28x | 19.84x | ₩-21.57 Billion |
| 2014 | 0.84% | 0.13% | 0.29x | 22.10x | ₩-27.90 Billion |
| 2015 | 2.23% | 0.46% | 0.24x | 19.82x | ₩-34.42 Billion |
| 2016 | 5.79% | 1.04% | 0.25x | 22.13x | ₩-21.09 Billion |
| 2017 | 13.64% | 2.61% | 0.22x | 23.39x | ₩19.92 Billion |
| 2018 | 16.21% | 3.00% | 0.21x | 25.23x | ₩34.98 Billion |
| 2019 | -5.30% | -1.63% | 0.19x | 16.84x | ₩-147.75 Billion |
| 2020 | -2.56% | -0.88% | 0.17x | 17.27x | ₩-118.87 Billion |
| 2021 | 11.96% | 5.28% | 0.12x | 18.87x | ₩19.68 Billion |
| 2022 | -22.11% | -6.67% | 0.08x | 39.96x | ₩-144.07 Billion |
| 2023 | 22.73% | 14.36% | 0.13x | 11.82x | ₩159.96 Billion |
| 2024 | 3.05% | 1.07% | 0.15x | 19.57x | ₩-55.20 Billion |
Industry Comparison
This section compares Lotte Non-Life's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $4,469,967,622,276
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lotte Non-Life (000400) | ₩590.89 Billion | 59.89% | 24.19x | $70.04 Million |
| Hanwha General (000370) | $2.95 Trillion | 11.62% | 5.72x | $254.60 Million |
| Heungkuk F&M I (000540) | $75.00 Billion | 0.00% | 12.74x | $40.96 Million |
| Heungkuk Fire & Marine Insurance Co Ltd (000545) | $629.34 Billion | 13.55% | 16.72x | $59.09 Million |
| Samsung Fire & Marine Insurance (000810) | $9.54 Trillion | 8.23% | 5.10x | $11.53 Billion |
| Samsung Fire And Marine Ins Pref (000815) | $7.89 Trillion | 6.49% | 5.27x | $9.48 Billion |
| Hyundai Mar&Fi (001450) | $4.74 Trillion | 17.93% | 9.23x | $1.19 Billion |
| DB Insurance Co Ltd (005830) | $5.46 Trillion | 37.24% | 10.81x | $5.53 Billion |