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South Korean nonlife insurers' profits fall 28%

Posted On: Sep. 3, 2019 5:48 AM CST

South Korea-based nonlife insurers' aggregate net profit declined 28.5% year over year to 1.5 trillion South Korean won ($1.2 billion) in the first half of this year, Yonhap News Agency reported. Premiums increased nearly 5% to KRW 45 trillion.

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