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SEOUL, May 7 (Yonhap) -- South Korean insurers' overseas units posted a 24.8 percent-gain in their earnings last year as they expanded their operations overseas, the financial watchdog said Thursday.
According to the Financial Supervisory Service (FSS), 46 overseas units of 12 insurers posted a net profit of US$197 million last year, compared with a net profit of $159 million in the previous year.
The insurance companies include four life insurers, including as top player Samsung Life Insurance Co. and Kyobo Life Insurance Co.
Their total assets reached $16.24 billion as of end-December, more than doubling from the previous year's $7.34 billion.
Their debts reached $12.02 billion at the end of last year, up $8.05 billion from a year ago, according to the watchdog.
sam@yna.co.kr
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