Korean Reinsurance코리안리

Korean Reinsurance shows steady profits and a low valuation, but its shares are down 6.9% over the past month.

Korean Reinsurance is Korea's only pure-play reinsurer, and its filed numbers show trailing operating income of about ₩676B and net income of about ₩348B through H1 2026. At ₩13,660, the shares trade at about 6.9 times earnings and 0.6 times book value, with a 4.2% dividend yield in the data. Recent headlines link it to unrest in France, where the company says it is monitoring insurance risk exposure.

What stands out

• Trailing net income rose from about ₩284B in 2023 to ₩322B in 2025, and about ₩348B in the trailing period to H1 2026.
• Return on equity has been steady at roughly 9% across 2023 to 2025 and 9.3% on the trailing figures.
• Liabilities are about 266% of equity, which is typical for an insurer but worth noting.
• The share price is 24.3% higher over one year but 6.9% lower over one month, and sits between its 52-week low of ₩10,010 and high of ₩15,660.
• Foreign ownership is little changed at 26.1% versus 26.2% sixty days ago, while foreign investors were net sellers over the last 20 trading days.

What to watch

• The data does not include revenue or margin figures, so top-line trends cannot be assessed from it.
• Next periodic filings and any amendments, given that the H1 2026 half-year report was already amended once in August.
• Developments in France and other overseas insurance losses, which the company has said it is monitoring.