Korean Reinsu
Korean Reinsurance Company, a reinsurance company, provides life and non-life reinsurance products in Korea and internationally. The company offers property insurance products, such as fire, property all risks, inland floater, and museum; engineering insurance products, including contractor's and erection all risks, machinery, electric equipment, civil engineering completed risk, contractor's pla… Read more
Korean Reinsu (003690) - Net Assets
Latest net assets as of June 2025: ₩3.50 Trillion KRW
Based on the latest financial reports, Korean Reinsu (003690) has net assets worth ₩3.50 Trillion KRW as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩13.18 Trillion) and total liabilities (₩9.69 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 | ₩3.50 Trillion |
| % of Total Assets | 26.52% |
| Annual Growth Rate | 11.29% |
| 5-Year Change | 40.59% |
| 10-Year Change | 71.21% |
| Growth Volatility | 12.93 |
Korean Reinsu - Net Assets Trend (1999–2024)
This chart illustrates how Korean Reinsu's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korean Reinsu (1999–2024)
The table below shows the annual net assets of Korean Reinsu from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩3.45 Trillion | +6.15% |
| 2023-12-31 | ₩3.25 Trillion | +15.37% |
| 2022-12-31 | ₩2.82 Trillion | +11.63% |
| 2021-12-31 | ₩2.53 Trillion | +2.84% |
| 2020-12-31 | ₩2.46 Trillion | 0.00% |
| 2019-12-31 | ₩2.46 Trillion | +9.76% |
| 2018-12-31 | ₩2.24 Trillion | +3.45% |
| 2017-12-31 | ₩2.16 Trillion | +2.44% |
| 2016-12-31 | ₩2.11 Trillion | +4.70% |
| 2015-12-31 | ₩2.02 Trillion | +9.67% |
| 2014-12-31 | ₩1.84 Trillion | +26.74% |
| 2013-12-31 | ₩1.45 Trillion | +2.70% |
| 2012-12-31 | ₩1.41 Trillion | +12.31% |
| 2011-12-31 | ₩1.26 Trillion | +66.67% |
| 2010-12-31 | ₩754.78 Billion | +14.28% |
| 2009-12-31 | ₩660.47 Billion | +13.16% |
| 2008-12-31 | ₩583.64 Billion | +8.60% |
| 2007-12-31 | ₩537.43 Billion | +0.85% |
| 2006-12-31 | ₩532.87 Billion | +7.68% |
| 2005-12-31 | ₩494.88 Billion | +6.91% |
| 2004-12-31 | ₩462.89 Billion | +8.00% |
| 2003-12-31 | ₩428.60 Billion | +17.86% |
| 2002-12-31 | ₩363.67 Billion | +13.91% |
| 2001-12-31 | ₩319.25 Billion | +23.51% |
| 2000-12-31 | ₩258.49 Billion | +8.67% |
| 1999-12-31 | ₩237.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korean Reinsu'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 2639.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩2.32 Trillion | 67.29% |
| Other Components | ₩1.13 Trillion | 32.71% |
| Total Equity | ₩3.45 Trillion | 100.00% |
Korean Reinsu Competitors by Market Cap
The table below lists competitors of Korean Reinsu ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Liangxin Electrical Co Ltd
SHE:002706
|
$1.20 Billion |
|
Beibuwan Port Co Ltd
SHE:000582
|
$1.20 Billion |
|
1st Source Corporation
NASDAQ:SRCE
|
$1.20 Billion |
|
Gamma Communications plc
PINK:GAMCF
|
$1.20 Billion |
|
Heiwa Real Estate Co., Ltd.
PINK:HWARF
|
$1.20 Billion |
|
BANPU PCL -FGN- BA 1
F:BPFG
|
$1.20 Billion |
|
Carter’s Inc
NYSE:CRI
|
$1.20 Billion |
|
Shaanxi Huaqin Technology Industry Co. Ltd. A
SHG:688281
|
$1.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korean Reinsu's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,252,895,729,000 to 3,452,869,465,000, a change of 199,973,736,000 (6.1%).
- Net income of 316,671,748,110 contributed positively to equity growth.
- Dividend payments of 79,524,464,040 reduced retained earnings.
- Other factors decreased equity by 37,173,548,070.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩316.67 Billion | +9.17% |
| Dividends Paid | ₩79.52 Billion | -2.3% |
| Other Changes | ₩-37.17 Billion | -1.08% |
| Total Change | ₩- | 6.15% |
Book Value vs Market Value Analysis
This analysis compares Korean Reinsu'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: 0.67x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩18830.27 | ₩13150.00 | x |
| 2018-12-31 | ₩19479.68 | ₩13150.00 | x |
| 2019-12-31 | ₩21418.27 | ₩13150.00 | x |
| 2020-12-31 | ₩24014.38 | ₩13150.00 | x |
| 2021-12-31 | ₩24696.66 | ₩13150.00 | x |
| 2022-12-31 | ₩19146.35 | ₩13150.00 | x |
| 2023-12-31 | ₩22088.34 | ₩13150.00 | x |
| 2024-12-31 | ₩19538.53 | ₩13150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korean Reinsu 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): 9.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.96%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.81x
- Recent ROE (9.17%) is below the historical average (9.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 12.35% | 1.62% | 1.21x | 6.31x | ₩5.59 Billion |
| 2000 | 10.11% | 1.36% | 1.22x | 6.12x | ₩289.40 Million |
| 2001 | 21.33% | 3.05% | 1.23x | 5.69x | ₩36.18 Billion |
| 2002 | 15.86% | 2.06% | 1.29x | 5.97x | ₩21.31 Billion |
| 2003 | 15.17% | 2.08% | 1.32x | 5.50x | ₩22.15 Billion |
| 2004 | 11.62% | 1.68% | 1.30x | 5.31x | ₩7.49 Billion |
| 2005 | 12.64% | 3.17% | 0.71x | 5.61x | ₩13.06 Billion |
| 2006 | 10.82% | 2.58% | 0.71x | 5.90x | ₩4.39 Billion |
| 2007 | 7.01% | 1.11% | 0.96x | 6.59x | ₩-16.09 Billion |
| 2008 | 10.41% | 1.59% | 0.91x | 7.18x | ₩2.39 Billion |
| 2009 | 11.95% | 1.98% | 0.92x | 6.56x | ₩12.91 Billion |
| 2010 | 14.26% | 3.02% | 0.75x | 6.31x | ₩32.15 Billion |
| 2011 | 3.33% | 1.18% | 0.51x | 5.53x | ₩-83.85 Billion |
| 2012 | 9.80% | 1.95% | 0.97x | 5.17x | ₩-2.77 Billion |
| 2013 | 11.40% | 3.53% | 0.61x | 5.25x | ₩20.29 Billion |
| 2014 | 6.39% | 1.86% | 0.75x | 4.60x | ₩-66.42 Billion |
| 2015 | 9.25% | 3.82% | 0.54x | 4.45x | ₩-15.22 Billion |
| 2016 | 7.58% | 1.90% | 0.88x | 4.54x | ₩-51.11 Billion |
| 2017 | 6.15% | 1.50% | 0.88x | 4.65x | ₩-83.29 Billion |
| 2018 | 4.60% | 1.05% | 0.91x | 4.80x | ₩-120.82 Billion |
| 2019 | 7.68% | 1.79% | 0.90x | 4.78x | ₩-56.89 Billion |
| 2020 | 5.78% | 2.21% | 0.51x | 5.10x | ₩-103.54 Billion |
| 2021 | 6.07% | 2.29% | 0.51x | 5.19x | ₩-99.22 Billion |
| 2022 | 9.88% | 5.96% | 0.31x | 5.31x | ₩-3.48 Billion |
| 2023 | 8.73% | 7.06% | 0.33x | 3.71x | ₩-41.42 Billion |
| 2024 | 9.17% | 6.96% | 0.35x | 3.81x | ₩-28.62 Billion |
Industry Comparison
This section compares Korean Reinsu's net assets metrics with peer companies in the Insurance - Reinsurance industry.
No peer company data available for comparison.