Announcement • Apr 18
Tong Yang Life Insurance Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Tong Yang Life Insurance Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩8,250, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Insurance industry in South Korea. Total returns to shareholders of 123% over the past three years. Announcement • Feb 24
Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 23, 2026 Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 23, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 33, jong-ro, jongno-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,480, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Insurance industry in South Korea. Total returns to shareholders of 107% over the past three years. Announcement • Jan 15
Tong Yang Life Insurance Co., Ltd. to Report Fiscal Year 2025 Results on Feb 09, 2026 Tong Yang Life Insurance Co., Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Korea Standard Time on Feb 09, 2026 New Risk • Dec 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 9.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Announcement • Oct 21
Tong Yang Life Insurance Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Tong Yang Life Insurance Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 18
Price target increased by 12% to ₩7,300 Up from ₩6,514, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₩7,640. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₩1,380 for next year compared to ₩2,015 last year. New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,840, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Insurance industry in South Korea. Total returns to shareholders of 50% over the past three years. Announcement • Jul 02
Woori Financial Group Inc. (KOSE:A316140) completed the acquisition of 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. Woori Financial Group Inc. (KOSE:A316140) agreed to acquire 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. for KRW 1.3 trillion on August 28, 2024. A cash consideration of KRW 1.28 trillion will be paid by Woori Financial Group Inc. As part of consideration, KRW 1.28 trillion is paid towards common equity of Tong Yang Life Insurance Co., Ltd. The transaction is subject to approval from the regulatory authorities.
Woori Financial Group Inc. (KOSE:A316140) completed the acquisition of 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. on July 1, 2025. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,500, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Insurance industry in South Korea. Total returns to shareholders of 27% over the past three years. Announcement • May 09
Tong Yang Life Insurance Co., Ltd. to Report Q1, 2025 Results on May 19, 2025 Tong Yang Life Insurance Co., Ltd. announced that they will report Q1, 2025 results on May 19, 2025 Price Target Changed • Apr 22
Price target decreased by 9.4% to ₩5,900 Down from ₩6,514, the current price target is an average from 6 analysts. New target price is 6.5% below last closing price of ₩6,310. The company is forecast to post earnings per share of ₩1,851 for next year compared to ₩2,015 last year. New Risk • Apr 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Mar 06
Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 27, 2025 Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 33, jong-ro, jongno-gu, seoul South Korea Announcement • Feb 06
Tong Yang Life Insurance Co., Ltd. to Report Fiscal Year 2024 Results on Feb 19, 2025 Tong Yang Life Insurance Co., Ltd. announced that they will report fiscal year 2024 results on Feb 19, 2025 Board Change • Dec 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Chairman of the Board Sheng Luo was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 17
Tong Yang Life Insurance Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Tong Yang Life Insurance Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Sep 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩6,670, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Insurance industry in South Korea. Total returns to shareholders of 39% over the past three years. Announcement • Aug 28
Woori Financial Group Inc. (KOSE:A316140) agreed to acquire 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. for KRW 1.3 trillion. Woori Financial Group Inc. (KOSE:A316140) agreed to acquire 75.34% stake in Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) from Anbang Group Holdings Co. Limited and Dajia Life Insurance Co., Ltd. for KRW 1.3 trillion on August 28, 2024. A cash consideration of KRW 1.28 trillion will be paid by Woori Financial Group Inc. As part of consideration, KRW 1.28 trillion is paid towards common equity of Tong Yang Life Insurance Co., Ltd. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩6,790, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 3x in the Insurance industry in South Korea. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩6,790, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 3x in the Insurance industry in South Korea. Total returns to shareholders of 44% over the past three years. Announcement • May 03
Tong Yang Life Insurance Co., Ltd. to Report Q1, 2024 Results on May 20, 2024 Tong Yang Life Insurance Co., Ltd. announced that they will report Q1, 2024 results on May 20, 2024 Announcement • Mar 01
Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 28, 2024 Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 28, 2024, at 09:01 Korea Standard Time. Location: Conference room, 11F, Gran Seoul Tower1, 33, Jongro Jongno-gu, Seoul 03159 Seoul South Korea Agenda: To consider approval of the 35 financial statement and dividend; to consider appointment of directors; to consider appointment of an outside director becoming a member of the audit committee; to consider appointment of a member of the audit committee; and to consider approval of the directors' remuneration limit. Announcement • Feb 01
Tong Yang Life Insurance Co., Ltd. to Report Fiscal Year 2023 Results on Feb 05, 2024 Tong Yang Life Insurance Co., Ltd. announced that they will report fiscal year 2023 results on Feb 05, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩5,390, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Insurance industry in South Korea. Total returns to shareholders of 71% over the past three years. Announcement • Nov 02
Tong Yang Life Insurance Co., Ltd. to Report Q3, 2023 Results on Nov 09, 2023 Tong Yang Life Insurance Co., Ltd. announced that they will report Q3, 2023 results on Nov 09, 2023 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Chairman of the Board Sheng Luo was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 49% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩926 to ₩1,382. Revenue forecast unchanged at ₩4.40b. Net income forecast to grow 34% next year vs 58% growth forecast for Insurance industry in South Korea. Consensus price target up from ₩5,643 to ₩5,829. Share price was steady at ₩3,730 over the past week. Announcement • Aug 08
Tong Yang Life Insurance Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Tong Yang Life Insurance Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Announcement • May 10
Tong Yang Life Insurance Co., Ltd. to Report Q1, 2023 Results on May 18, 2023 Tong Yang Life Insurance Co., Ltd. announced that they will report Q1, 2023 results on May 18, 2023 Major Estimate Revision • May 02
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩1,062 to ₩926. Revenue forecast unchanged from ₩5.93b at last update. Net income forecast to grow 163% next year vs 11% growth forecast for Insurance industry in South Korea. Consensus price target of ₩5,643 unchanged from last update. Share price fell 3.5% to ₩3,905 over the past week. Price Target Changed • Mar 16
Price target decreased by 9.1% to ₩6,014 Down from ₩6,614, the current price target is an average from 7 analysts. New target price is 54% above last closing price of ₩3,895. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₩738 for next year compared to ₩1,768 last year. Announcement • Feb 10
Tong Yang Life Insurance Co., Ltd. to Report Fiscal Year 2022 Results on Feb 23, 2023 Tong Yang Life Insurance Co., Ltd. announced that they will report fiscal year 2022 results on Feb 23, 2023 Major Estimate Revision • Jan 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from ₩856 to ₩738. Revenue forecast unchanged from ₩5.24b at last update. Net income forecast to shrink 1.4% next year vs 27% growth forecast for Insurance industry in South Korea . Consensus price target broadly unchanged at ₩6,486. Share price fell 2.2% to ₩4,640 over the past week. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,635, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Insurance industry in South Korea. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,277 per share. Price Target Changed • Dec 29
Price target decreased to ₩6,700 Down from ₩7,286, the current price target is an average from 7 analysts. New target price is 38% above last closing price of ₩4,860. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₩1,022 for next year compared to ₩1,768 last year. Buying Opportunity • Dec 22
Now 20% undervalued Over the last 90 days, the stock is up 6.4%. The fair value is estimated to be ₩7,091, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to decline by 21% in 2 years. Earnings is forecast to grow by 14% in the next 2 years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩620 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 April 2023. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (4.3%). Announcement • Nov 03
Tong Yang Life Insurance Co., Ltd. to Report Q3, 2022 Results on Nov 08, 2022 Tong Yang Life Insurance Co., Ltd. announced that they will report Q3, 2022 results on Nov 08, 2022 Major Estimate Revision • Aug 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩4.47b to ₩5.23b. EPS estimate fell from ₩1,024 to ₩822. Net income forecast to shrink 23% next year vs 13% growth forecast for Insurance industry in South Korea . Consensus price target of ₩7,471 unchanged from last update. Share price rose 3.0% to ₩5,520 over the past week. Announcement • Aug 05
Tong Yang Life Insurance Co., Ltd. to Report First Half, 2022 Results on Aug 10, 2022 Tong Yang Life Insurance Co., Ltd. announced that they will report first half, 2022 results on Aug 10, 2022 Price Target Changed • Jan 11
Price target increased to ₩7,343 Up from ₩6,743, the current price target is an average from 2 analysts. New target price is 8.3% above last closing price of ₩6,780. Stock is up 57% over the past year. The company is forecast to post earnings per share of ₩630 for next year compared to ₩739 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩220 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (3.6%). Price Target Changed • Oct 08
Price target increased to ₩6,529 Up from ₩6,071, the current price target is an average from 2 analysts. New target price is 16% below last closing price of ₩7,740. Stock is up 152% over the past year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₩5,610, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Insurance industry in South Korea. Total loss to shareholders of 15% over the past three years. Price Target Changed • May 02
Price target increased to ₩4,660 Up from ₩4,240, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₩4,760. Stock is up 61% over the past year. Price Target Changed • Apr 30
Price target increased to ₩4,400 Up from ₩4,020, the current price target is an average from 2 analysts. New target price is 7.6% below last closing price of ₩4,760. Stock is up 61% over the past year. Announcement • Mar 10
Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 30, 2021 Tong Yang Life Insurance Co., Ltd., Annual General Meeting, Mar 30, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 22
New 90-day high: ₩4,430 The company is up 22% from its price of ₩3,620 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 4.0% over the same period. Announcement • Feb 04
Tong Yang Life Insurance Co., Ltd. to Report Fiscal Year 2020 Results on Feb 08, 2021 Tong Yang Life Insurance Co., Ltd. announced that they will report fiscal year 2020 results on Feb 08, 2021 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 19% share price gain to ₩4,200, the stock is trading at a trailing P/E ratio of 5.7x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 6x in the Insurance industry in South Korea. Total return to shareholders over the past three years is a loss of 36%. Is New 90 Day High Low • Jan 07
New 90-day high: ₩4,200 The company is up 37% from its price of ₩3,075 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₩3,690 The company is up 18% from its price of ₩3,140 on 16 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Nov 11
New 90-day high: ₩3,500 The company is up 9.0% from its price of ₩3,205 on 13 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Nov 06
Tong Yang Life Insurance Co., Ltd. to Report Q3, 2020 Results on Nov 12, 2020 Tong Yang Life Insurance Co., Ltd. announced that they will report Q3, 2020 results on Nov 12, 2020 Is New 90 Day High Low • Oct 20
New 90-day high: ₩3,225 The company is up 5.0% from its price of ₩3,060 on 22 July 2020. The South Korean market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Price Target Changed • Oct 06
Price target lowered to ₩3,550 Down from ₩3,986, the current price target is an average from 2 analysts. The new target price is 16% above the current share price of ₩3,065. As of last close, the stock is down 18% over the past year. 
