Balance sheet and income statement of insurance companies — Assets in Korea
Korea: Balance sheet and income statement of insurance companies — Assets was 848,242 Euro in 2023. ▲ Rising
Balance sheet and income statement of insurance companies — Assets in Korea, 2009–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Korea recorded 848,242 Euro for balance sheet and income statement of insurance companies — assets in 2023.
That represents a change of down 11.2% on the previous year and up 61.0% over ten years.
Over the whole period, balance sheet and income statement of insurance companies — assets in Korea peaked at 998,781 Euro in 2021 and was at its lowest, 261,141 Euro, in 2009.
The long-run direction has been consistently rising across the 14 years of available data.
Balance sheet and income statement of insurance companies — Assets in Korea, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 261,141 Euro | — |
| 2010 | 329,803 Euro | +26.3% |
| 2011 | 373,987 Euro | +13.4% |
| 2012 | 488,968 Euro | +30.7% |
| 2013 | 526,782 Euro | +7.7% |
| 2014 | 788,471 Euro | +49.7% |
| 2015 | 736,270 Euro | -6.6% |
| 2016 | 802,839 Euro | +9.0% |
| 2017 | 854,498 Euro | +6.4% |
| 2018 | 892,125 Euro | +4.4% |
| 2020 | 978,188 Euro | +9.6% |
| 2021 | 998,781 Euro | +2.1% |
| 2022 | 955,405 Euro | -4.3% |
| 2023 | 848,242 Euro | -11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 261,141 Euro | 261,141 Euro | 261,141 Euro | 1 |
| 2010s | 643,749 Euro | 329,803 Euro | 892,125 Euro | 9 |
| 2020s | 945,154 Euro | 848,242 Euro | 998,781 Euro | 4 |
Countries ranked near Korea
- 1 Netherlands 451,749 Euro compare
- 1 United States of America 8.60 million Euro compare
- 2 Türkiye 62,674 Euro compare
- 2 United Kingdom of Great Britain and Northern Ireland 3.03 million Euro compare
- 2 Croatia 6,164 Euro compare
- 3 Japan 2.89 million Euro compare
- 3 Poland 51,470 Euro compare
- 4 France 2.76 million Euro compare
- 4 Slovenia 8,106 Euro compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is balance sheet and income statement of insurance companies — assets in Korea?
- Balance sheet and income statement of insurance companies — assets in Korea was 848,242 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest balance sheet and income statement of insurance companies — assets recorded in Korea?
- The highest recorded value was 998,781 Euro in 2021.
- What is the lowest balance sheet and income statement of insurance companies — assets recorded in Korea?
- The lowest recorded value was 261,141 Euro in 2009.
- How does Korea rank for balance sheet and income statement of insurance companies — assets?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is balance sheet and income statement of insurance companies — assets rising or falling in Korea?
- Over the last ten years it is up 61.0%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balance sheet and income statement of insurance companies — Assets. Statizoid updates them automatically from the source API.
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About this data
This dataset covers multiple items pertaining to the balance sheet and income statement of direct insurers and reinsurers, such as assets, technical provisions, shareholders' equity, net income, gross claims paid, gross operating expenses, commissions and changes in outstanding claims provisions.