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Korean Reinsurance Co (XKRX:003690) Net Margin % : 0.77% (As of Dec. 2023)


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What is Korean Reinsurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Korean Reinsurance Co's Net Income for the three months ended in Dec. 2023 was ₩6,862 Mil. Korean Reinsurance Co's Revenue for the three months ended in Dec. 2023 was ₩888,819 Mil. Therefore, Korean Reinsurance Co's net margin for the quarter that ended in Dec. 2023 was 0.77%.

The historical rank and industry rank for Korean Reinsurance Co's Net Margin % or its related term are showing as below:

XKRX:003690' s Net Margin % Range Over the Past 10 Years
Min: 1.05   Med: 2.23   Max: 6.93
Current: 6.93


XKRX:003690's Net Margin % is ranked worse than
53.89% of 488 companies
in the Insurance industry
Industry Median: 7.72 vs XKRX:003690: 6.93

Korean Reinsurance Co Net Margin % Historical Data

The historical data trend for Korean Reinsurance Co's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Korean Reinsurance Co Net Margin % Chart

Korean Reinsurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 2.21 2.29 5.96 6.93

Korean Reinsurance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.17 9.42 13.29 3.20 0.77

Competitive Comparison of Korean Reinsurance Co's Net Margin %

For the Insurance - Reinsurance subindustry, Korean Reinsurance Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Korean Reinsurance Co's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Korean Reinsurance Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Korean Reinsurance Co's Net Margin % falls into.



Korean Reinsurance Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Korean Reinsurance Co's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=283868.821/4097693.901
=6.93 %

Korean Reinsurance Co's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=6862.322/888819.423
=0.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Korean Reinsurance Co  (XKRX:003690) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Korean Reinsurance Co Net Margin % Related Terms

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Korean Reinsurance Co (XKRX:003690) Business Description

Traded in Other Exchanges
N/A
Address
68 Jongno 5 Gil, Jongno-gu, Seoul, KOR, 03151
Korean Reinsurance Co is a South Korean reinsurer that provides clients with reinsurance services and risk-management solutions. The company provides nonlife and life reinsurance products that include fire insurance, marine and aviation insurance, comprehensive and engineering reinsurance, motor insurance, guaranteed insurance, foreign casualty insurance, long-term insurance, international reinsurance solutions, life insurance, and health insurance. The company derives over half of its income from Asian regions including China, Japan, Hong Kong, and Taiwan. Korean Re also has operations in the Middle East, Africa, Europe, and the Americas.

Korean Reinsurance Co (XKRX:003690) Headlines

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