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Asia's Biggest Life Insurers
#41-50
| Rank |
Rank |
Life Insurers |
Country |
Premium Income |
Net Profit |
Total Assets |
Profit as % of |
|
| 1998 |
1997 |
|
|
$ Millions |
$ Millions |
Rank |
$ Millions |
Rank |
Assets |
Notes |
| 41 |
46 |
PRUDENTIAL LIFE |
JAPAN |
905.1 |
0.04 |
69 |
1859.4 |
59 |
0.0% |
3 U |
| 42 |
32 |
HUNGKUK LIFE |
SOUTH KOREA |
869.1 |
1.2 |
63 |
1937.2 |
56 |
0.1% |
3 U |
| 43 |
50 |
ING LIFE |
JAPAN |
741.8 |
0.2 |
68 |
2185.2 |
51 |
0.0% |
3 U |
| 44 |
42 |
PRUDENTIAL CORP. AUSTRALIA |
AUSTRALIA |
728.3 |
72.0 |
26 |
4717.6 |
36 |
1.5% |
12 U |
| 45 |
38 |
SHINHAN LIFE |
SOUTH KOREA |
703.6 |
-23.3 |
80 |
956.9 |
71 |
— |
3 U |
| 46 |
49 |
DAISHIN LIFE |
SOUTH KOREA |
703.4 |
-34.4 |
90 |
805.4 |
77 |
— |
3 U |
| 47 |
56 |
INA HIMAWARI LIFE |
JAPAN |
679.4 |
-0.8 |
71 |
1864.1 |
58 |
— |
3 U |
| 48 |
34 |
DONGAH LIFE |
SOUTH KOREA |
677.2 |
-50.6 |
92 |
1121.3 |
70 |
— |
3 U |
| 49 |
57 |
NATIONAL MUTUAL ASIA |
HONG KONG |
672.8 |
143.8 |
20 |
2506.7 |
46 |
5.7% |
9 L |
| 50 |
58 |
NORWICH UNION LIFE AUSTRALIA |
AUSTRALIA |
652.8 |
23.3 |
44 |
2476.7 |
47 |
0.9% |
12 U |
Notes: Asterisk (*) denotes data from the previous accounting period. Numbers refer to fiscal year's last month: 3 = March 6 = June 9 = September 12 = December.
L = publicly listed U = unlisted S = state-controlled. Net Premium Income includes all income accrued from all policy holders each year minus expenses and agents' commissions. Net Profit is after-tax and excludes extraordinary items. Total Assets include fixed and liquid assets at fiscal year-end. Profit as % of Assets is return on assets. NA = not available. All values in U.S. dollars. Conversion at end-1997 rates. Values under $50,000 appear as 0.00; under 0.05% as 0.0%.
Some companies earn non-life premium income. AIA, AIA(Bermuda), handling Hong Kong business; ALICO, Nan Shan and Philippine American Life are part of New York-based AIG. Great Easter life's profit contained $30.7m. exceptional gains. Profits for Taiwan Life and Life Insurance Dept. of C.T.C. are pre-tax. Korean data from Korea Life Insurance Association.
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