SEOUL GUARANTEE INSURANCE
Seoul Guarantee Insurance Co., Ltd., together with its subsidiaries, engages in non-life insurance and other related operations to individuals and corporates in South Korea and internationally. The company offers surety insurance, credit insurance, reinsurance and related asset management, etc.; contract, non-contract, and financial guarantee bonds; and commercial credit insurance, such as mobile… Read more
SEOUL GUARANTEE INSURANCE (031210) - Net Assets
Latest net assets as of September 2025: ₩5.19 Trillion KRW
Based on the latest financial reports, SEOUL GUARANTEE INSURANCE (031210) has net assets worth ₩5.19 Trillion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩9.39 Trillion) and total liabilities (₩4.21 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 | ₩5.19 Trillion |
| % of Total Assets | 55.21% |
| Annual Growth Rate | -1.98% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.13 |
SEOUL GUARANTEE INSURANCE - Net Assets Trend (2021–2024)
This chart illustrates how SEOUL GUARANTEE INSURANCE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SEOUL GUARANTEE INSURANCE (2021–2024)
The table below shows the annual net assets of SEOUL GUARANTEE INSURANCE from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩5.18 Trillion | -0.48% |
| 2023-12-31 | ₩5.20 Trillion | +7.69% |
| 2022-12-31 | ₩4.83 Trillion | -12.12% |
| 2021-12-31 | ₩5.49 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SEOUL GUARANTEE INSURANCE'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 5.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩4.97 Trillion | 96.19% |
| Other Components | ₩196.86 Billion | 3.81% |
| Total Equity | ₩5.17 Trillion | 100.00% |
SEOUL GUARANTEE INSURANCE Competitors by Market Cap
The table below lists competitors of SEOUL GUARANTEE INSURANCE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inner Mongolia North Hauler Joint Stock Co Ltd
SHG:600262
|
$402.30 Million |
|
Prudent Corporate Advisory Services Limited
NSE:PRUDENT
|
$402.58 Million |
|
Xinyaqiang Silicon Chemistry Co Ltd
SHG:603155
|
$402.70 Million |
|
SSAW Hotels & Resorts Group Co.Ltd.
SHE:301073
|
$402.71 Million |
|
PC1 Group JSC
VN:PC1
|
$402.15 Million |
|
Ho Chi Minh City Infrastructure Investment JSC
VN:CII
|
$402.05 Million |
|
Longmaster Information Tech
SHE:300288
|
$401.51 Million |
|
Lumosa Therapeutics Co. Ltd.
TWO:6535
|
$401.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEOUL GUARANTEE INSURANCE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,195,141,646,580 to 5,170,177,200,110, a change of -24,964,446,470 (-0.5%).
- Net income of 213,100,095,220 contributed positively to equity growth.
- Dividend payments of 208,358,826,830 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩213.10 Billion | +4.12% |
| Dividends Paid | ₩208.36 Billion | -4.03% |
| Other Changes | ₩-29.71 Billion | -0.57% |
| Total Change | ₩- | -0.48% |
Book Value vs Market Value Analysis
This analysis compares SEOUL GUARANTEE INSURANCE'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: 0.77x
- 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 |
|---|---|---|---|
| 2021-12-31 | ₩78630.16 | ₩57300.00 | x |
| 2022-12-31 | ₩69086.78 | ₩57300.00 | x |
| 2024-12-31 | ₩74048.39 | ₩57300.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEOUL GUARANTEE INSURANCE 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): 4.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.39%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.81x
- Recent ROE (4.12%) is below the historical average (7.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 8.31% | 23.51% | 0.19x | 1.84x | ₩-92.88 Billion |
| 2022 | 11.30% | 26.35% | 0.24x | 1.75x | ₩62.48 Billion |
| 2023 | 8.04% | 18.82% | 0.24x | 1.76x | ₩-101.86 Billion |
| 2024 | 4.12% | 9.39% | 0.24x | 1.81x | ₩-303.92 Billion |
Industry Comparison
This section compares SEOUL GUARANTEE INSURANCE's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $186,149,001,980
- Average return on equity (ROE) among peers: 27.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEOUL GUARANTEE INSURANCE (031210) | ₩5.19 Trillion | 8.31% | 0.81x | $402.18 Million |
| A Plus Asset Advisor Co Ltd (244920) | $186.15 Billion | 27.04% | 0.85x | $98.91 Million |