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Korea's dominant surety and guarantee insurer, providing performance bonds and credit guarantees for construction and trade.
Korea's dominant surety and guarantee insurer, providing performance bonds and credit guarantees for construction and trade.
Earns premiums for guaranteeing that a contractor will finish a job, a tenant will get a deposit back or a borrower will pay, and pays out only when the guaranteed party defaults, so profit depends on claims, which are low in good times and rise in construction downturns. Guarantees for jeonse tenants, Korea's lump-sum rental deposits, are a large line.
Moat: wide (regulatory licence, scale). Near-monopoly position as Korea's dedicated guarantee-insurance provider.
Headquarters: Seoul, South Korea · Founded: 1969 · Employees: 1,547
Size Seoul Guarantee Insurance (031210.KS) is a South Korea Financials company (Multi-Line Insurance) with a market value of $2.26B, the 126th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩44,000 on 6 Nov 2026.
Performance Over six months the shares fell 8.0%, against +5.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +11.0%); the operating margin is 15.0% (peer median 10.1%).
Valuation It trades at 0.61× book value against a peer median of 1.76× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 4.5%; Seoul Guarantee Insurance delivers 6.0%, so the price asks less than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩2.60T | ₩2.53T | ₩2.42T | ₩2.19T | ₩2.07T |
| Revenue growth | — | +4% | +11% | +6% | — |
| Net income | ₩307B | ₩268B | ₩213B | ₩418B | ₩545B |
| Free cash flow | ₩318B | ₩373B | ₩305B | ₩529B | ₩770B |
| Capital expenditure | ₩20.9B | ₩74.2B | ₩66.0B | ₩69.0B | ₩17.1B |
| Total debt | ₩101B | ₩99.7B | ₩102B | ₩105B | ₩101B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 031210.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.8% | +2.5% | 11th highest of 21 |
| 6-month return | -8.0% | +5.8% | 5th lowest of 21 |
| Return on equity | 6.0% | 10.5% | 7th lowest of 21 |
| Price / book | 0.61× | 1.76× | 4th cheapest of 21 |
| Trailing P/E | 10.0× | 14.0× | 8th cheapest of 19 |
| ROE the price implies | 4.5% | 10.2% | 2nd least demanding of 20 |
| ROE delivered | 6.0% | 9.2% | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Seoul Guarantee Insurance 031210.KS | South Korea | $2.26B | -8% | +14% | 6% | 0.61× | 4.5% | 6.0% |
| NIB NHF.AX | Australia | $2.29B | +4% | +5% | 17% | 2.90× | 13.2% | 16.6% |
| Pelagos Insurance Capital PLGO | United States | $2.29B | +33% | -4% | 18% | 1.03× | 6.5% | 17.6% |
| Go Digit General Insurance GODIGIT.NS | India | $2.44B | -21% | +9% | 12% | 4.91× | 37.4% | n/a |
| Zhongan Online P&C Insurance 6060.HK | Hong Kong | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% | 8.2% |
| Vaudoise Assurances VAHN.SW | Switzerland | $2.66B | -8% | +14% | 6% | 0.78× | n/a | 5.9% |
| Skyward Specialty Insurance SKWD | United States | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% | 17.3% |
| New India Assurance NIACL.NS | India | $2.74B | -5% | +9% | -1% | 0.62× | 14.0% | -1.3% |
| Korean Reinsurance 003690.KS | South Korea | $1.74B | +8% | -2% | 14% | 0.73× | 4.8% | 14.4% |
| Lemonade LMND | United States | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% | -27.0% |
| F&G Annuities & Life FG | United States | $3.06B | -17% | +14% | 9% | 0.66× | 8.4% | 9.2% |
| Trupanion TRUP | United States | $1.61B | +49% | +12% | 6% | 3.94× | 35.3% | 6.1% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |
| Linea Directa Aseguradora LDA.MC | Spain | $1.48B | +3% | +10% | 23% | 3.07× | 11.7% | 23.3% |
| Hamilton Insurance HG | United States | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% | 19.0% |
| Wuestenrot & Wuerttembergische WUW.DE | Germany | $1.39B | -6% | +4% | 3% | 0.25× | 3.6% | 2.7% |
| Alm. Brand A/S ALMB.CO | Denmark | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% | 8.8% |
| Central Reinsurance 2851.TW | Taiwan | $1.12B | +52% | +21% | 37% | 1.41× | 5.1% | 37.4% |
| Bowhead Specialty BOW | United States | $1.12B | +26% | +24% | 14% | 2.48× | 11.3% | 13.6% |
| Chesnara CSN.L | United Kingdom | $1.08B | +11% | +192% | 0% | 2.14× | 15.7% | 0.3% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |