Fubon Hyundai Life achieved a net profit of 158.6 billion won in the first half of this year, driven by strong asset management performance and improvements in its insurance portfolio. Enhanced investment income supported short-term results, while a significant increase in new contract service margin (CSM) bolstered long-term profitability.
According to the Financial Supervisory Service's electronic disclosure system, Fubon Hyundai Life's net profit for the first half of 2026 was recorded at 158.6 billion won. Investment income for the period reached 208.2 billion won, underpinning overall performance.
Asset management indicators also showed improvement. On a separate financial statement basis, the asset management rate for the first half was 96.30%, up 0.48 percentage points from 95.82% last year. The return on managed assets increased from 2.58% to 5.48%, a rise of 2.90 percentage points.
The new contract CSM, which indicates the future profitability of the insurance business, also grew. The CSM secured through new contracts in the first half amounted to 70.3 billion won, a 37% increase from 51.2 billion won during the same period last year. As of the end of June, the CSM based on gross insurance was 178.8 billion won.
The increase in new contract CSM is attributed to the results of Fubon Hyundai Life's product portfolio restructuring and diversification of sales channels over the past three years. The company is expanding its sales of protection insurance, moving away from a business structure focused on savings insurance and retirement pensions, thereby broadening its future profit base from insurance.
* This article has been translated by AI.
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