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Life insurer under Mirae Asset Financial Group, selling life, health and variable/investment-linked insurance products.
Life insurer under Mirae Asset Financial Group, selling life, health and variable/investment-linked insurance products.
Earns from premiums collected on life and health policies, plus investment income on the money it holds until claims are paid. On variable (investment-linked) policies the customer carries the market result, so the insurer earns fees for managing the fund rather than keeping the gain.
Moat: narrow (distribution, brand). Leverages Mirae Asset's broader wealth-management distribution network.
Headquarters: Seoul, South Korea · Employees: 793
Size Mirae Asset Life Insurance (085620.KS) is a South Korea Financials company (Life/Health Insurance) with a market value of $1.78B, the 150th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩18,560 on 6 Nov 2026.
Performance Over six months the shares gained 16.5%, against -6.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — 4th highest of 18 in its peer set.
Growth Revenue grew 21.5% over the last twelve months (peer median +17.1%); the operating margin is -0.8% (peer median 5.9%).
Valuation It trades at 1.05× book value against a peer median of 1.58× (8th cheapest of 18).
Price implies The share price implies a return on equity of about 5.6%; Mirae Asset Life Insurance delivers 5.2%, so the price asks more than the business earns today.
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩3.10T | ₩2.52T | ₩2.17T | ₩2.19T | ₩4.89T |
| Revenue growth | — | +16% | -1% | -55% | — |
| Net income | ₩127B | ₩131B | ₩136B | ₩101B | ₩125B |
| Free cash flow | -₩55.1B | -₩247B | -₩2.31T | -₩2.17T | -₩2.63T |
| Capital expenditure | ₩38.1B | ₩79.6B | ₩15.7B | ₩11.4B | ₩17.4B |
| Total debt | ₩341B | ₩616B | ₩522B | ₩557B | ₩1.01T |
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.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Mirae Asset Life Insurance 085620.KS | $1.78B | +17% | +22% | 5% | 1.05× | 5.6% |
| Hanwha Life 088350.KS | $2.16B | -20% | +18% | 8% | 0.22× | 3.8% |
| Samsung Life 032830.KS | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% |
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 | 085620.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.1% | -1.4% | 2nd lowest of 18 |
| 6-month return | +16.5% | -6.6% | 4th highest of 18 |
| Return on equity | 5.2% | 7.7% | 6th lowest of 18 |
| Price / book | 1.05× | 1.58× | 8th cheapest of 18 |
| Trailing P/E | 19.1× | 16.7× | 8th most expensive of 17 |
| ROE the price implies | 5.6% | 7.8% | 5th least demanding of 18 |
| ROE delivered | 5.2% | 7.7% | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Mirae Asset Life Insurance 085620.KS | South Korea | $1.78B | +17% | +22% | 5% | 1.05× | 5.6% | 5.2% |
| Nuernberger Beteiligungs NBG6.DE | Germany | $1.58B | +1% | -1% | 5% | 1.58× | 6.0% | 5.1% |
| Niva Bupa Health Insurance NIVABUPA.NS | India | $1.49B | -5% | +58% | 14% | 3.66× | 33.1% | 13.9% |
| Hanwha Life 088350.KS | South Korea | $2.16B | -20% | +18% | 8% | 0.22× | 3.8% | 7.7% |
| Brighthouse Financial BHF | United States | $2.45B | -31% | +3% | 14% | 0.37× | 5.2% | 13.6% |
| Clover Health Investments CLOV | United States | $2.56B | +54% | +54% | -5% | 6.32× | 94.7% | -5.1% |
| Canara HSBC Life Insurance CANHLIFE.NS | India | $1.23B | -14% | +17% | 8% | 7.08× | 48.0% | 8.2% |
| Privia Health PRVA | United States | $3.12B | +6% | +24% | 4% | 3.94× | 25.4% | 3.8% |
| COFCO Capital 002423.SZ | China | $3.15B | -11% | -31% | 6% | 0.85× | 6.2% | 5.6% |
| Yunfeng Financial 0376.HK | Hong Kong | $999M | -30% | +21% | 7% | 0.60× | 7.8% | 6.7% |
| Star Health & Allied Insurance STARHEALTH.NS | India | $3.52B | +9% | +21% | 12% | 3.19× | 47.7% | 11.7% |
| Lifenet Insurance 7157.T | Japan | $710M | -28% | +12% | 8% | 1.18× | 7.0% | 7.9% |
| Max Financial Services MFSL.NS | India | $4.68B | -25% | +18% | 3% | 7.71× | 78.7% | 3.3% |
| E-L Financial ELF.TO | Canada | $4.74B | +10% | +32% | 20% | 0.68× | 6.4% | 20.2% |
| Farglory Life Insurance 5859.TWO | Taiwan | $625M | -7% | -48% | 7% | 0.23× | 1.7% | 7.1% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| Mercuries & Associates 2905.TW | Taiwan | $561M | +30% | -6% | 5% | 0.22× | 1.8% | 5.1% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |