Aplus Asset, a major corporate insurance agency, announced a long-term plan to achieve a return on equity (ROE) of over 15% and a total shareholder return rate of over 40% by 2030.
On October 20, Aplus Asset identified three core objectives: improving profitability and capital efficiency, expanding shareholder returns, and advancing governance structures. This plan elaborates on commitments made during the shareholder meeting in March through disclosures and shareholder letters.
Aplus Asset aims to maintain its ROE, which stood at 15.0% in the first half of this year, above 15% by 2030. To achieve this, the company plans to expand its efficient insurance agents and improve contract retention rates while enhancing capital efficiency through restructuring its subsidiaries.
The company will also strengthen its shareholder return policy. During a board meeting on the same day, Aplus Asset resolved to repurchase an additional 3.5 billion won worth of its own shares. This follows the completion of a previous buyback of 7 billion won in July. Including this additional repurchase, the total buyback for the year will amount to 10.5 billion won, with plans to retire all acquired shares.
The dividend payout ratio will also be gradually increased, targeting 25% in 2026, 25-30% in 2027, and over 30% from 2028 onward, alongside share buybacks and retirements to achieve a total shareholder return rate of over 40%.
Additionally, the company plans to restructure its subsidiaries. Aplus Asset intends to fully integrate Aplus Realty, in which it holds a 95.3% stake, through a comprehensive stock exchange to enhance capital management efficiency at the group level.
The board's operational framework will also be improved. A system for appointing independent directors and a compensation committee will be introduced, along with a Board Skills Matrix (BSM) to enhance independence and expertise. The implementation of the value enhancement plan will be disclosed annually.
An Aplus Asset representative stated, "As the first publicly listed corporate insurance agency, we will diligently pursue enhanced shareholder returns and governance improvements based on our established profit foundation to sustainably increase corporate value."
On October 20, Aplus Asset identified three core objectives: improving profitability and capital efficiency, expanding shareholder returns, and advancing governance structures. This plan elaborates on commitments made during the shareholder meeting in March through disclosures and shareholder letters.
Aplus Asset aims to maintain its ROE, which stood at 15.0% in the first half of this year, above 15% by 2030. To achieve this, the company plans to expand its efficient insurance agents and improve contract retention rates while enhancing capital efficiency through restructuring its subsidiaries.
The company will also strengthen its shareholder return policy. During a board meeting on the same day, Aplus Asset resolved to repurchase an additional 3.5 billion won worth of its own shares. This follows the completion of a previous buyback of 7 billion won in July. Including this additional repurchase, the total buyback for the year will amount to 10.5 billion won, with plans to retire all acquired shares.
The dividend payout ratio will also be gradually increased, targeting 25% in 2026, 25-30% in 2027, and over 30% from 2028 onward, alongside share buybacks and retirements to achieve a total shareholder return rate of over 40%.
Additionally, the company plans to restructure its subsidiaries. Aplus Asset intends to fully integrate Aplus Realty, in which it holds a 95.3% stake, through a comprehensive stock exchange to enhance capital management efficiency at the group level.
The board's operational framework will also be improved. A system for appointing independent directors and a compensation committee will be introduced, along with a Board Skills Matrix (BSM) to enhance independence and expertise. The implementation of the value enhancement plan will be disclosed annually.
An Aplus Asset representative stated, "As the first publicly listed corporate insurance agency, we will diligently pursue enhanced shareholder returns and governance improvements based on our established profit foundation to sustainably increase corporate value."
* This article has been translated by AI.
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