MIRAE ASSET Life Insurance Past Earnings Performance
Past criteria checks 2/6
MIRAE ASSET Life Insurance has been growing earnings at an average annual rate of 5.4%, while the Insurance industry saw earnings growing at 18.5% annually. Revenues have been growing at an average rate of 2.7% per year. MIRAE ASSET Life Insurance's return on equity is 4%, and it has net margins of 2.4%.
Key information
5.4%
Earnings growth rate
7.8%
EPS growth rate
| Insurance Industry Growth | 12.1% |
| Revenue growth rate | 2.7% |
| Return on equity | 4.0% |
| Net Margin | 2.4% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Benign Growth For MIRAE ASSET Life Insurance Co., Ltd. (KRX:085620) Underpins Its Share Price
Feb 26
Three Things You Should Check Before Buying Mirae Asset Life Insurance Co., Ltd. (KRX:085620) For Its Dividend
Mar 01Is Mirae Asset Life Insurance Co., Ltd. (KRX:085620) Popular Amongst Institutions?
Jan 28Only Three Days Left To Cash In On Mirae Asset Life Insurance's (KRX:085620) Dividend
Dec 24Revenue & Expenses Breakdown
How MIRAE ASSET Life Insurance makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 4,806,148 | 117,205 | 71,579 | 0 |
| 30 Sep 23 | 937,771 | 116,332 | 136,145 | 0 |
| 30 Jun 23 | 1,659,132 | 105,897 | 135,752 | 0 |
| 31 Mar 23 | 2,582,821 | 105,726 | 184,679 | 0 |
| 31 Dec 22 | 5,663,243 | 124,815 | 67,228 | 0 |
| 30 Sep 22 | 5,963,702 | 175,980 | 155,178 | 0 |
| 30 Jun 22 | 5,269,480 | 146,463 | 187,194 | 0 |
| 31 Mar 22 | 4,014,819 | 133,315 | 168,409 | 0 |
| 31 Dec 21 | 3,033,844 | 79,085 | 207,045 | 0 |
| 30 Sep 21 | 3,209,125 | 29,006 | 208,875 | 0 |
| 30 Jun 21 | 3,256,247 | 36,289 | 205,219 | 0 |
| 31 Mar 21 | 3,237,211 | 45,957 | 202,013 | 0 |
| 31 Dec 20 | 3,258,221 | 67,438 | 186,080 | 0 |
| 30 Sep 20 | 3,123,127 | 95,309 | 181,175 | 0 |
| 30 Jun 20 | 3,090,306 | 92,562 | 182,822 | 0 |
| 31 Mar 20 | 3,085,104 | 91,953 | 184,865 | 0 |
| 31 Dec 19 | 3,063,119 | 94,502 | 188,848 | 0 |
| 30 Sep 19 | 3,140,867 | 142,027 | 226,243 | 0 |
| 30 Jun 19 | 3,238,867 | 121,768 | 224,271 | 0 |
| 31 Mar 19 | 3,264,563 | 90,772 | 228,253 | 0 |
| 31 Dec 18 | 3,350,211 | 91,602 | 232,610 | 0 |
| 30 Sep 18 | 3,661,570 | 46,553 | 211,669 | 0 |
| 30 Jun 18 | 3,746,716 | 53,728 | 223,305 | 0 |
| 31 Mar 18 | 3,874,620 | 245,395 | 229,485 | 0 |
| 31 Dec 17 | 4,009,669 | 221,105 | 223,678 | 0 |
| 30 Sep 17 | 3,550,829 | 240,741 | 225,755 | 0 |
| 30 Jun 17 | 3,665,265 | 230,208 | 217,619 | 0 |
| 31 Mar 17 | 3,609,032 | 64,923 | 206,383 | 0 |
| 31 Dec 16 | 3,614,344 | 77,976 | 221,365 | 0 |
| 30 Sep 16 | 3,920,228 | 112,983 | 208,268 | 0 |
| 30 Jun 16 | 3,874,957 | 128,463 | 213,763 | 0 |
| 31 Mar 16 | 3,923,947 | 106,835 | 210,825 | 0 |
| 31 Dec 15 | 3,849,085 | 122,318 | 195,073 | 0 |
| 30 Sep 15 | 3,736,781 | 90,928 | 194,439 | 0 |
| 30 Jun 15 | 3,571,527 | 86,992 | 183,053 | 0 |
| 31 Mar 15 | 3,568,807 | 102,021 | 182,495 | 0 |
| 31 Dec 14 | 3,566,195 | 121,002 | 181,401 | 0 |
| 31 Dec 13 | 3,901,074 | 28,355 | 172,485 | 0 |
| 30 Sep 13 | 3,862,556 | 59,370 | 165,835 | 0 |
| 30 Jun 13 | 3,878,532 | 55,704 | 166,546 | 0 |
Quality Earnings: A085620 has a large one-off loss of ₩424.4B impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: A085620's current net profit margins (2.4%) are higher than last year (2.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A085620's earnings have grown by 5.4% per year over the past 5 years.
Accelerating Growth: A085620's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: A085620 had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Insurance industry average (-9.4%).
Return on Equity
High ROE: A085620's Return on Equity (4%) is considered low.