KB Life Insurance
KB Life Insurance is the life insurance business of KB Financial Group. KB Life originally was a joint venture between KB Group (51%) and ING Group (49%). KB Life was established in 2004 originally with a bancassurance only distribution model, but today has developed into a multichannel insurer, offering savings, annuities and protection products for Korean individuals and families
KB Insurance earnings up 9.1% to $6b in FY 2024
KB Insurance earnings up 9.1% to $6b in FY 2024
Thanks to higher revenues, which increased 3.8% YoY.
KB Financial Group to merge life insurance subsidiaries
The insurers merging are KB Life Insurance and Prudential Life Insurance of Korea.
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