Balance sheet and income statement of insurance companies — Gross in Korea
Korea: Balance sheet and income statement of insurance companies — Gross was 615,670 Euro in 2023. ▲ Rising
Balance sheet and income statement of insurance companies — Gross in Korea, 2009–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
The most recent figure for balance sheet and income statement of insurance companies — gross in Korea is 615,670 Euro, measured in 2023.
Compared with earlier readings it is down 10.7% on the previous year and up 35.8% over ten years.
Over the whole period, balance sheet and income statement of insurance companies — gross in Korea peaked at 689,329 Euro in 2022 and was at its lowest, 224,280 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 — Gross in Korea, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 224,280 Euro | — |
| 2010 | 279,833 Euro | +24.8% |
| 2011 | 316,938 Euro | +13.3% |
| 2012 | 414,446 Euro | +30.8% |
| 2013 | 453,235 Euro | +9.4% |
| 2014 | 546,548 Euro | +20.6% |
| 2015 | 524,174 Euro | -4.1% |
| 2016 | 572,596 Euro | +9.2% |
| 2017 | 606,281 Euro | +5.9% |
| 2018 | 637,946 Euro | +5.2% |
| 2020 | 664,301 Euro | +4.1% |
| 2021 | 683,617 Euro | +2.9% |
| 2022 | 689,329 Euro | +0.8% |
| 2023 | 615,670 Euro | -10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 224,280 Euro | 224,280 Euro | 224,280 Euro | 1 |
| 2010s | 483,555 Euro | 279,833 Euro | 637,946 Euro | 9 |
| 2020s | 663,229 Euro | 615,670 Euro | 689,329 Euro | 4 |
Countries ranked near Korea
- 1 Netherlands 345,230 Euro compare
- 1 United Kingdom of Great Britain and Northern Ireland 2.38 million Euro compare
- 2 Japan 2.18 million Euro compare
- 2 Poland 26,476 Euro compare
- 3 France 2.13 million Euro compare
- 3 Türkiye 23,539 Euro compare
- 3 Croatia 3,584 Euro compare
- 4 Slovenia 5,674 Euro compare
- 4 United States of America 1.67 million 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 — gross in Korea?
- Balance sheet and income statement of insurance companies — gross in Korea was 615,670 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest balance sheet and income statement of insurance companies — gross recorded in Korea?
- The highest recorded value was 689,329 Euro in 2022.
- What is the lowest balance sheet and income statement of insurance companies — gross recorded in Korea?
- The lowest recorded value was 224,280 Euro in 2009.
- How does Korea rank for balance sheet and income statement of insurance companies — gross?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is balance sheet and income statement of insurance companies — gross rising or falling in Korea?
- Over the last ten years it is up 35.8%. 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 — Gross technical provisions. 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.