Mirae Asset Life Insurance Co Ltd (085620) - Total Assets
Based on the latest financial reports, Mirae Asset Life Insurance Co Ltd (085620) holds total assets worth ₩33.22 Trillion KRW (≈ $22.51 Billion USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See net assets of Mirae Asset Life Insurance Co Ltd for net asset value and shareholders' equity analysis.
Mirae Asset Life Insurance Co Ltd - Total Assets Trend (2014–2024)
This chart illustrates how Mirae Asset Life Insurance Co Ltd's total assets have evolved over time, based on quarterly financial data.
Mirae Asset Life Insurance Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Mirae Asset Life Insurance Co Ltd's total assets of ₩33.22 Trillion consist of 0.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (KRW) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₩0.00 | 3.3% |
| Accounts Receivable | ₩0.00 | 0.0% |
| Inventory | ₩0.00 | 0.0% |
| Property, Plant & Equipment | ₩0.00 | 0.0% |
| Intangible Assets | ₩31.91 Billion | 0.1% |
| Goodwill | ₩0.00 | 0.0% |
Asset Composition Trend (2014–2024)
This chart illustrates how Mirae Asset Life Insurance Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see 085620 market cap.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mirae Asset Life Insurance Co Ltd's current assets represent 0.0% of total assets in 2024, a decrease from 16.0% in 2014.
- Cash Position: Cash and equivalents constituted 3.3% of total assets in 2024, up from 0.0% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is intangible assets at 0.1% of total assets.
Mirae Asset Life Insurance Co Ltd Competitors by Total Assets
Key competitors of Mirae Asset Life Insurance Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Challenger Ltd
AU:CGF
|
Australia | AU$35.37 Billion |
|
E-L Financial Corp Ltd
TO:ELF
|
Canada | CA$29.37 Billion |
|
Pacific Strategic Financial
JK:APIC
|
Indonesia | Rp7.17 Trillion |
|
Clearview Wealth Ltd
AU:CVW
|
Australia | AU$1.07 Billion |
|
Nobleoak Life Ltd
AU:NOL
|
Australia | AU$567.29 Million |
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
Brazil | R$72.29 Billion |
|
Manulife Financial Corp
TO:MFC
|
Canada | CA$1.03 Trillion |
|
Great-West Lifeco Inc.
TO:GWO
|
Canada | CA$862.83 Billion |
Mirae Asset Life Insurance Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 186.05 | 2.86 | 3.73 |
| Quick Ratio | 186.05 | 2.86 | 3.73 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | ₩29.07 Trillion | ₩1.26 Trillion | ₩1.47 Trillion |
Mirae Asset Life Insurance Co Ltd - Advanced Valuation Insights
This section examines the relationship between Mirae Asset Life Insurance Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.77 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -1.8% |
| Total Assets | ₩32.49 Trillion |
| Market Capitalization | $1.41 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Mirae Asset Life Insurance Co Ltd's assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Mirae Asset Life Insurance Co Ltd's assets decreased by 1.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Mirae Asset Life Insurance Co Ltd (2014–2024)
The table below shows the annual total assets of Mirae Asset Life Insurance Co Ltd from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | ₩32.49 Trillion ≈ $22.02 Billion |
-1.81% |
| 2023-12-31 | ₩33.09 Trillion ≈ $22.43 Billion |
-5.56% |
| 2022-12-31 | ₩35.04 Trillion ≈ $23.75 Billion |
-16.56% |
| 2021-12-31 | ₩42.00 Trillion ≈ $28.46 Billion |
+3.37% |
| 2020-12-31 | ₩40.63 Trillion ≈ $27.53 Billion |
+6.88% |
| 2019-12-31 | ₩38.02 Trillion ≈ $25.76 Billion |
+9.74% |
| 2018-12-31 | ₩34.64 Trillion ≈ $23.48 Billion |
-2.48% |
| 2017-12-31 | ₩35.52 Trillion ≈ $24.07 Billion |
+24.01% |
| 2016-12-31 | ₩28.64 Trillion ≈ $19.41 Billion |
+5.23% |
| 2015-12-31 | ₩27.22 Trillion ≈ $18.45 Billion |
+10.29% |
| 2014-12-31 | ₩24.68 Trillion ≈ $16.73 Billion |
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About Mirae Asset Life Insurance Co Ltd
MIRAE ASSET Life Insurance Co., Ltd. provides personal insurance products and undertakes related reinsurance contracts in South Korea. The company offers pension/savings, whole life/term, cancer/health, dementia/nursing care, whole life/term, and retirement pension insurance products, as well as insurance loans. MIRAE ASSET Life Insurance Co., Ltd. was founded in 1988 and is headquartered in Seou… Read more