ING life reported earnings results for the third quarter of 2017. For the quarter, the company's premium income was slightly lower at KRW 1,050 billion. Operating result before tax was KRW 112 billion. Profit after tax was KRW 92 billion.

The company revised earnings guidance for the fourth quarter of 2017. Fourth quarter 2017 profits will be impacted by year-end reserve adjustments, including a release of GMxB reserves. The company expects to make an adjustment to deferred tax losses in balance sheet, which will reduce the fourth quarter profit after tax by an estimated KRW 7 billion to KRW 8 billion.