Lotte Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/lotte-insurance/ Fri, 14 Nov 2025 07:10:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Lotte Insurance to sue FSC over ‘prompt corrective action’: reports https://insuranceasianews.com/lotte-insurance-to-sue-fsc-over-prompt-corrective-action/ Fri, 14 Nov 2025 07:02:41 +0000 https://insuranceasianews.com/?p=204546 Dispute stems from the regulator's decision to issue a management improvement recommendation to the Korean carrier.

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South Korean-listed Lotte Insurance has initiated legal action against the Financial Services Commission (FSC) over a "prompt corrective action" imposed earlier this month, arguing that the measure wa...

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]]> Lotte Insurance sees takeover interest from Korea Investment Holdings: reports https://insuranceasianews.com/lotte-insurance-sees-takeover-interest-from-korea-investment-holdings-reports/ Fri, 19 Sep 2025 10:15:16 +0000 https://insuranceasianews.com/?p=200346 Listed insurer backed by JKL Partners had attempted a sale last year, but negotiations fell through due to price gaps with potential buyers.

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Korea Investment Holdings has begun due diligence on Lotte Insurance as it looks to enter the insurance sector, according to local media reports.
Lotte, a Korea listed insurer with a market capitalisa...

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]]> Korea’s Lotte Insurance in regulatory crosshairs: reports https://insuranceasianews.com/koreas-lotte-insurance-in-regulatory-crosshairs/ Mon, 25 Aug 2025 10:00:03 +0000 https://insuranceasianews.com/?p=198274 Regulator highlights the PE-backed insurer’s failure to manage liquidity risks, declining K-ICS ratio, poor management performance evaluations and investment performance.

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Korean insurer Lotte Insurance has received a series of "management notices" from the Financial Supervisory Service (FSS),  pointing out that its overall risk management system was not functioning pro...

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]]> Regulatory shifts drag down Lotte Insurance H1 2025 profits https://insuranceasianews.com/regulatory-shifts-drag-down-lotte-insurance-h1-2025-profits/ Fri, 15 Aug 2025 07:06:28 +0000 https://insuranceasianews.com/?p=197647 Insurance operating profit for the half stood at KRW21.6 billion, reflecting the direct impact of these regulatory changes in the first quarter.

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Lotte Insurance posted a net profit of KRW47.5 billion (US$33.6 million) in the first half of 2025, down 17.2% from the same period in 2024, due to the impact of one-off adjustments spurred by regulat...

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]]> Lotte Insurance plans capital raise as it postpones US$64m bond redemption: reports https://insuranceasianews.com/lotte-insurance-plans-capital-raise-as-it-postpones-us64m-bond-redemption-reports/ Tue, 13 May 2025 03:46:28 +0000 https://insuranceasianews.com/?p=190440 Carrier's plans to exercise a call option ran into opposition from regulator FSS due to low capital ratio.

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Korea’s Lotte Insurance has abandoned its plan to redeem KRW90 billion (US$64.2 million) bonds following regulatory intervention and is preparing a capital expansion plan in the second half of the yea...

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]]> Lotte Insurance faces regulatory block on US$64.2m bond redemption amid capital concerns https://insuranceasianews.com/lotte-insurance-faces-regulatory-block-on-us64-2m-bond-redemption-amid-capital-concerns/ Sun, 11 May 2025 22:33:45 +0000 https://insuranceasianews.com/?p=190302 Under the current supervisory regulations, early redemption is only allowed if the solvency ratio K-ICS remains above 150% after redemption but South Korea's financial regulator estimates the ratio would drop to 127.4% following the redemption.

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South Korea's Lotte Insurance, backed by private equity firm JKL Partners, is under intensified regulatory scrutiny after the Financial Supervisory Service (FSS) blocked its attempt to redeem KRW90 bi...

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]]> Lotte Insurance final bids due June 28, Woori remains in the race https://insuranceasianews.com/lotte-insurance-auction-set-for-jun-28-report/ Mon, 24 Jun 2024 08:23:12 +0000 https://insuranceasianews.com/?p=156646 The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.

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Final bids for South Korean carrier Lotte Insurance are due June 28, according to Korean media Yonhap News.
JKL Partners, which owns a 77% stake in the company, is targeting a KRW2 trillion (US$1.45 b...

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]]> Woori Finance enters race for Korea’s Lotte Insurance: report https://insuranceasianews.com/woori-finance-enters-race-for-koreas-lotte-insurance-report/ Thu, 25 Apr 2024 10:34:37 +0000 https://insuranceasianews.com/?p=152807 The non-life carrier's private equity owner JKL Partners is looking to sell 77% stake in the company for a targeted US$1.45bn.

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South Korean financial services conglomerate Woori Financial Group has entered the race to acquire Lotte Insurance, according to local media reports.  Woori submitted a letter of intent to JP Morgan, ...

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]]> Exit-bound Lotte Insurance owner shopping for overseas private equity buyers: report https://insuranceasianews.com/south-koreas-jkl-partners-in-talks-with-jc-flowers-to-sell-lotte-insurance-stake-report/ Thu, 18 Apr 2024 07:43:50 +0000 https://insuranceasianews.com/?p=152026 South Korea’s JKL Partners is reportedly in talks with JC Flowers to sell the Korean non-life carrier in a sale process run by JPMorgan.ts valuation.

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South Korean investment firm JKL Partners, the largest stakeholder in Lotte Insurance, has initiated talks with US private equity firm JC Flowers to sell its stake in the insurance firm, according to ...

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]]> Korea’s Lotte Insurance records highest full year profit since inception https://insuranceasianews.com/koreas-lotte-insurance-records-highest-full-year-profit-since-inception/ Wed, 14 Feb 2024 22:00:32 +0000 https://insuranceasianews.com/?p=146226 The non-life insurer's provisional full-year operating profit tripled from a year ago to US$350.5m, thanks in part to its strong growth in long-term business.

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Korean non-life insurer Lotte said net profit for the full year ended December 2023 reached a record high of KRW302.4 billion (US$226.5 million) driven by the growth of its long-term insurance busines...

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