Hanwha Life Insurance announced earnings results for the second quarter and first half of 2018. For the six months, the company's pretax income grew 17.4% year-on-year to post KRW 164.6 billion, which indicates continued growth of insurance operational income.

The second quarter net profit posted a 13.7% growth quarter-on-quarter.

For the year, the company expects the loss ratio to be similar to that of last year through efforts to lower the loss ratio in the second half. And the company expects the loss ratio to be around 75% in the second half.

For the year, the company expects KRW 530 billion or a 77% loss ratio. Initial assumption about the interest rate for the whole year in business plan was 2.4%, little lower, but company believes that it's going to be about 2.4% to 2.5% for the whole year.