아이엔지생명 Fact Sheet (2018 1 · 2018-10-11 · 아이엔지생명 Fact Sheet (2018년 1분기) ING LIFE KOREA Fact Sheet (1Q 2018) May 14, 2018 주소Address : 서울시

아이엔지생명 Fact Sheet (2018년 1분기)

ING LIFE KOREA Fact Sheet (1Q 2018)

May 14, 2018

■ 주소 Address :

서울시 중구 세종대로 7길 37 아이엔지센터 17층 IR부

IR Department, 17th Floor, ING Center, 37, Sejong-daero 7-gil, Jung-gu, Seoul 04511 Korea

■ Investor Relations :

- e-mail : [email protected]

- 전화번호 : +82-2-2200-8944

재무실적요약 (Summary)

요약 재무상태표 (Financial Position Summary)

요약 손익계산서 (Income Statement Summary)

이원별 손익 (Source of Earnings)

RBC비율 / 주주배당금 (RBC Ratio/ Shareholders' Dividend)

경영 효율지표 (Efficiency)

수익성 지표 (Profitability)

자산운용현황

자산 Portfolio 현황 (Investment Assets Portfolio)

자산별 투자손익 (Investment Return by Asset Class)

자산 건전성 현황 (Asset Quality of Loans)

재무 안정성 (Financial Stability)

재무제표 (Financial Statements)

재무상태표 (Financial Position) - SAP

손익계산서 (Income Statement) - SAP

수입보험료 실적 (Premium Income)

상품별 수입보험료 (Total Premium by Product)

상품별 초년도보험료 (First Year Premium by Product)

상품별 APE (APE by Product)

채널별 초회보험료 (Initial Premium by Channel)

채널별 초년도보험료 (First Year Premium by Channel)

채널별 APE (APE by Channel)

재무상태표 (Financial Position) - KIFRS

손익계산서 (Income Statement) - KIFRS

신계약가치 (Value of New Business)

자기자본 수익률 (ROE)

부채적정성 평가(Liability Adequacy Test)

투자 & 비용 (Investment & Expenses)

위험보험료 대 사망보험금 (Loss Ratio)

FY2018 FY2017 FY2018 FY2017

1Q 4Q 3Q 2Q 1Q 1Q 1Q

운용자산 Investment Assets 24,738 24,558 24,484 24,299 24,119 24,738 24,119 2.6%

현금및예치금 Cash and Deposits 603 560 597 570 619 603 619 (2.5%)

당기손익인식증권 Financial assets at fair value through profit or loss - 10 10 10 10 - 10 (100.0%)

매도가능증권 Available for Sale Securities 11,906 21,854 21,595 21,534 21,238 11,906 21,238 (43.9%)

만기보유증권 Held to maturity Security 9,811 9,811 -

대출채권 Loans 2,418 2,134 2,282 2,184 2,252 2,418 2,252 7.4%

비운용자산 Other Assets 1,222 1,319 1,233 1,296 1,336 1,222 1,336 (8.5%)

특별계정자산 Separate Account Assets 5,465 5,578 5,540 5,625 5,445 5,465 5,445 0.4%

자산 총계 Total Assets 31,425 31,455 31,257 31,220 30,900 31,425 30,900 1.7%

책임준비금 Policy Reserves 21,348 21,166 20,870 20,562 20,240 21,348 20,240 5.5%

계약자지분조정 Policyholders' Equity Adjustment 118 135 157 179 183 118 183 (35.5%)

기타부채 Other Liabilities 927 837 826 856 1,103 927 1,103 (16.0%)

특별계정부채 Separate Account Liabilities 5,521 5,648 5,606 5,672 5,501 5,521 5,501 0.4%

부채 총계 Total Liabilities 27,915 27,787 27,459 27,270 27,028 27,915 27,028 3.3%

자본금 Capital Stock 82 82 82 82 82 82 82 0.0%

자본잉여금 Capital Surplus 489 489 489 499 498 489 498 (2.0%)

이익잉여금 Retained Earnings 1,831 1,882 1,815 1,780 1,682 1,831 1,682 8.9%

기타포괄손익누계액 Accumulated Other Comprehensive Income 1,109 1,216 1,412 1,589 1,609 1,109 1,609 (31.1%)

자본 총계 Total Shareholders' Equity 3,511 3,669 3,798 3,950 3,872 3,511 3,872 (9.3%)

* SAP = Statutory Accounting Principle

증감률

(% Change)

재무상태표 요약 - SAP 기준 (Financial Position Summary - SAP*) (단위: 십억원, %)

( Unit: KRW bln, % )

1

FY2018 FY2017 FY2018 FY2017

1Q 4Q 3Q 2Q 1Q 1Q YTD 1Q YTD

보험손익 Insurance Operating Results 36 143 174 199 228 36 228 (84.2%)

보험영업수익 Insurance Operating Revenues 822 797 816 813 843 822 843 (2.4%)

보험영업비용 Insurance Operating Expenses & Claims 786 654 641 614 615 786 615 27.8%

투자손익 Investment Operating Results 228 213 217 220 213 228 213 6.9%

투자영업수익 Investment Operating Revenues 238 233 225 230 233 238 233 2.0%

투자영업비용 Investment Operating Expenses 10 20 8 10 21 10 21 (49.6%)

책임준비금전입액 Increase in Policy Reserves 181 295 306 323 361 181 361 (49.8%)

영업이익 Operating Income 82 61 85 96 79 82 79 3.4%

영업외손익 Non-Operating Income (Expenses) 38 34 33 34 30 38 30 28.3%

세전이익 Profit Before Tax 120 95 118 130 109 120 109 10.1%

법인세비용 Income Tax Expenses 31 28 26 31 26 31 26 19.8%

분기순이익 Profit After Tax 89 67 92 98 83 89 83 7.1%

증감률

(% Change)

손익계산서 요약 - SAP 기준 (Income Statement Summary - SAP) (단위: 십억원, %)


2

FY2018 FY2017 FY2018 FY2017


사업비 관련 손익 Expense Margin 56 37 55 64 56 56 56 0.5%

신계약비 관련 손익 Acquisition Expense Margin 7 2 8 21 14 7 14 (48.5%)

신계약 예정사업비 Acquisition Expense Loading 90 90 90 89 89 90 89 0.7%

신계약 실제 사업비& 이연손익 Acquisition Expense & Commissions net of DAC 82 87 82 67 75 82 75 9.9%

유지비 관련 손익 Maintenance Expense Margin 49 35 47 43 42 49 42 17.2%

유지비 예정사업비 Maintenance Expense Loading 102 100 99 98 98 102 98 4.2%

유지비 실제사업비 Maintenance Expense 53 66 53 55 56 53 56 (5.4%)

위험률차 손익 Mortality & Morbidity Margin 34 42 33 39 27 34 27 25.5%

사망관련 손익 Mortality Margin 35 36 38 33 35 35 35 (0.2%)

사망관련 위험보험료 Mortality Risk premiums 57 57 56 56 56 57 56 3.0%

사망관련 위험보험금 Net Mortality Claims 22 21 18 23 20 22 20 8.5%

장해관련 손익 Morbidity Margin 4 10 4 10 2 4 2 75.7%

장해관련 위험보험료 Morbidity Risk Premiums 96 95 95 94 93 96 93 3.0%

장해관련 위험보험금 Net Morbidity Claims 92 84 91 84 91 92 91 1.1%

미보고 발생 손해액 준비금 IBNR Decrease / (Increase) (1) (1) (6) 1 (7) (1) (7) 85.8%

재보험 관련 손익 Reinsurance Margin (4) (3) (3) (4) (3) (4) (3) (13.9%)

투자 관련 손익 Investment Margin 31 17 21 26 26 31 26 22.1%

투자 수익 Investment Return 235 219 225 226 219 235 219 7.2%

투자 비용 Investment Credited 203 202 203 201 193 203 193 5.2%

기타 손익 Other Margins(Reserves, Lapses, Surrenders, Others) (2) (4) 8 (0) (1) (2) (1) (131.4%)

준비금 관련 손익 Reserve Related Margin (4) (4) 8 (1) (3) (4) (3) (77.8%)

보증 준비금 GMxB Increase (3) (1) (13) (3) (3) (3) (3) 22.2%

기타 준비금 Reserve Related Increase 7 4 5 4 6 7 6 20.9%

실효 해약 관련 손익 Lapse and Surrender Margin 9 6 6 4 6 9 6 57.8%

실효 해약 공제액 Lapse and Surrender Income 30 25 25 22 23 30 23 30.1%

실효해약 신계약비 일시상각 Amortized DAC for Lapse and Surrender 21 19 19 17 17 21 17 20.8%

기타 손익 Other Margin (7) (6) (6) (4) (4) (7) (4) (64.4%)

기타수익 Other Income 0 0 0 0 0 0 0 199.8%

기타비용 Other Expense 8 7 6 4 4 8 4 67.8%

계약자 배당전손익 Total Margins 119 92 117 129 108 119 108 10.7%

계약자 지분 Policyholders' Profit Share 1 3 1 1 1 1 1 (49.0%)

세전 손익 Profit Before Tax 120 95 118 130 109 120 109 10.1%

증감률

(% Change)

이원별 손익 (Source of Earnings)

수익성 지표 수익성 지표

(단위: 십억원, %)


3

FY2018 FY2017 FY2018 FY2017


ROE 1)

ROE 1) 9.9% 6.8% 9.3% 9.7% 8.3% 9.9% 8.3% 1.6%p

분기순이익 Profit After Tax of each quarter 89 67 92 98 83 89 83 7.1%

자기자본 평잔 2)

Average Shareholders' Equity 2) 3,590 3,908 3,973 4,049 4,010 3,590 4,010 (10.5%)

1) ROE = 분기순이익 *4 / 자기자본 평잔

ROE = Profit After Tax of each quarter *4 / Average Shareholders' Equity

2) 자기자본 평잔 = (전 회계년도말 자기자본 + 당분기말 자기자본) / 2

Average Shareholders' Equity = (Shareholders' Equity as of Previous year-end + Shareholders' Equity as of Current quarter-end) / 2

증감률

(% Change)

ROE ( 단위 : 십억원, % )

자기자본 수익률(ROE) (단위: 십억원, %)


4

FY2018 FY2017 FY2018 FY2017

1Q 4Q 3Q 2Q 1Q 1Q 1Q

RBC 비율(A/B)1)

Risk Based Capital Ratio (A/B)1) 441% 455% 502% 523% 288% 441% 288% 153%p

지급여력금액(A) Available Capital (A) 3,590 3,638 3,936 4,110 4,036 3,590 4,036 (11.0%)

기본 자본 Base Capital 4,011 4,170 4,300 4,450 4,373 4,011 4,373 (8.3%)

보완 자본 Supplementary Capital 147 164 194 218 222 147 222 (33.8%)

차감 항목 Deducted Capital 568 697 558 558 560 568 560 1.5%

RBC 지급여력기준금액(B) RBC Required Capital (B) 814 799 785 787 1,403 814 1,403 (42.0%)

보험리스크 Insurance Risk 137 137 138 137 137 137 137 (0.3%)

금리리스크 Interest Rate Risk 482 499 520 531 1,171 482 1,171 (58.8%)

신용리스크 Credit Risk 275 236 226 213 210 275 210 30.7%

시장리스크 Market Risk 94 92 51 52 51 94 51 82.7%

운영리스크 Operation Risk 41 41 41 41 41 41 41 (0.8%)

분산효과 Diversification 215 206 191 188 209 215 209 2.9%

주주 배당금 Shareholders' Dividend 139 57

주당 배당금(원) 2)Dividend Per Share(KRW)

2) 1,700 700

배당 성향(%) 3)Dividend Payout Ratio(%)

3) 41.0% 27.5%

1) 주당배당금 = 배당금 / 주식수

Dividend per share = Dividend / Number of outstanding common shares

2) 배당성향 = ( 배당금 / 결산 후 당기순이익) * 100

단, 중간배당 혹은 분기배당 시 배당성향은 배당액 결정의 근거가 되는 가장 최근의 임시결산(분기, 반기) 상의 당기순이익을 기준으로 산출

Dividend Payout Ratio = Dividend / Profit After Tax

증감률

(% Change)

( 단위 : 십억원, % ) RBC비율(RBC Ratio) / 주주배당금(Shareholders' Dividend) RBC비율 (RBC Ratio) / 주주 배당금 (Shareholders' Dividend)



5

FY2017

1Q YTD 1Q YTD

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

개인보험 Individual Life 793 250 1,044 768 246 1,015 788 261 1,050 785 221 1,006 816 227 1,043 793 250 1,044 816 227 1,043 (2.8%) 10.5% 0.1%

보장성보험 Protection 463 59 522 458 56 514 453 53 506 448 51 499 446 47 494 463 59 522 446 47 494 3.8% 25.0% 5.8%

종신보험 Whole Life 382 - 382 381 - 381 379 - 379 377 - 377 377 - 377 382 - 382 377 - 377 1.4% 1.4%

변액종신보험 Variable Whole Life 46 59 105 45 56 101 43 53 97 42 51 93 41 47 88 46 59 105 41 47 88 12.9% 25.0% 19.4%

정기보험 Term Life 20 - 20 18 - 18 17 - 17 17 - 17 17 - 17 20 - 20 17 - 17 18.8% 18.8%

건강보험 Health Benefit 15 - 15 14 - 14 13 - 13 12 - 12 12 - 12 15 - 15 12 - 12 28.4% 28.4%

기타보장 Other Protection 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 (2.6%) (2.6%)

연금보험 Annuities 117 72 189 125 73 197 138 77 215 143 72 215 175 77 253 117 72 189 175 77 253 (33.2%) (7.0%) (25.2%)

금리확정형 Fixed-rate Annuities 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 (0.5%) (0.5%)

금리연동형 Floating-rate Annuities 108 - 108 115 - 115 129 - 129 134 - 134 165 - 165 108 - 108 165 - 165 (34.7%) (34.7%)

변액연금(a) Variable Annuities (a) 9 72 81 9 73 82 9 77 86 9 72 81 9 77 87 9 72 81 9 77 87 (7.6%) (7.0%) (7.1%)

저축보험(변액포함) Savings (Including Variable) 213 120 332 186 118 303 197 131 328 194 99 292 194 102 297 213 120 332 194 102 297 9.4% 17.0% 12.0%

금리확정형 Fixed-rate Savings 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 (43.0%) (43.0%)

금리연동형 Floating-rate Savings 201 - 201 173 - 173 184 - 184 181 - 181 181 - 181 201 - 201 181 - 181 10.8% 10.8%

변액저축(b) Variable Savings (b) 12 120 132 13 118 130 13 131 144 13 99 111 13 102 116 12 120 132 13 102 116 (10.4%) 17.0% 13.8%

단체보험 Group Life - - - - - - - - - - - - - - - - - - - - -

개인+단체 Total 793 250 1,044 768 246 1,015 788 261 1,050 785 221 1,006 816 227 1,043 793 250 1,044 816 227 1,043 (2.8%) 10.5% 0.1%

보장성 보험 Protection 463 59 522 458 56 514 453 53 506 448 51 499 446 47 494 463 59 522 446 47 494 3.8% 25.0% 5.8%

저축성 보험(변액 제외) Savings (Excluding Variable) 309 - 309 289 - 289 313 - 313 315 - 315 347 - 347 309 - 309 347 - 347 (10.9%) (10.9%)

변액 보험(a+b) Variable (a+b) 21 192 212 22 190 212 23 208 231 22 170 192 23 180 203 21 192 212 23 180 203 (9.3%) 6.7% 4.9%

합계 Total 793 250 1,044 768 246 1,015 788 261 1,050 785 221 1,006 816 227 1,043 793 250 1,044 816 227 1,043 (2.8%) 10.5% 0.1%

FY2018증감률

(% Change)

FY2017FY2018

1Q 4Q 3Q 2Q 1Q

상품별 수입보험료 (Total Premium Income by Product) ( 단위 : 십억원, % )

상품별 수입보험료 (Total Premium Income by Product) (단위: 십억원, %)


6

FY2017

1Q YTD 1Q YTD

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

일반

(General)

특별

(Separate)

계

(Total)

개인보험 Individual Life 201 92 294 180 90 270 207 105 312 209 68 277 228 73 301 201 92 294 228 73 301 (11.8%) 26.8% (2.5%)

보장성보험 Protection 52 19 72 50 19 69 49 19 68 50 18 68 51 17 68 52 19 72 51 17 68 2.6% 17.2% 6.1%

종신보험 Whole Life 34 - 34 34 - 34 34 - 34 34 - 34 36 - 36 34 - 34 36 - 36 (6.4%) (6.4%)

변액종신보험 Variable Whole Life 9 19 29 9 19 29 9 19 28 9 18 27 9 17 25 9 19 29 9 17 25 10.2% 17.2% 14.8%

정기보험 Term Life 4 - 4 2 - 2 1 - 1 1 - 1 1 - 1 4 - 4 1 - 1 366.1% 366.1%

건강보험 Health Benefit 5 - 5 4 - 4 5 - 5 6 - 6 5 - 5 5 - 5 5 - 5 (9.2%) (9.2%)

기타보장 Other Protection 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 (24.0%) (24.0%)

연금보험 Annuities 14 22 36 19 21 40 27 23 50 29 15 44 57 16 73 14 22 36 57 16 73 (75.3%) 38.9% (50.0%)

금리확정형 Fixed-rate Annuities 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0 0.0% 0.0%

금리연동형 Floating-rate Annuities 12 - 12 17 - 17 25 - 25 28 - 28 55 - 55 12 - 12 55 - 55 (78.4%) (78.4%)

변액연금(a) Variable Annuities (a) 2 22 24 2 21 23 2 23 25 1 15 16 1 16 18 2 22 24 1 16 18 23.9% 38.9% 37.7%

저축보험(변액포함) Savings (Including Variable) 135 51 186 111 49 160 130 64 194 130 36 166 121 40 161 135 51 186 121 40 161 11.9% 25.9% 15.4%

금리확정형 Fixed-rate Savings - - - - - - - - - - - - - - - - - - - - -

금리연동형 Floating-rate Savings 133 - 133 109 - 109 127 - 127 127 - 127 117 - 117 133 - 133 117 - 117 13.5% 13.5%

변액저축 변액저축(b) Variable Savings (b) 2 51 52 2 49 51 3 64 67 3 36 39 3 40 44 2 51 52 3 40 44 (43.1%) 25.9% 20.5%

단체보험 Group Life - - - - - - - - - - - - - - - - - - - - -

개인+단체 Total 201 92 294 180 90 270 207 105 312 209 68 277 228 73 301 201 92 294 228 73 301 (11.8%) 26.8% (2.5%)

보장성 보험 Protection 52 19 72 50 19 69 49 19 68 50 18 68 51 17 68 52 19 72 51 17 68 2.6% 17.2% 6.1%

저축성 보험(변액 제외) Savings (Excluding Variable) 145 - 145 126 - 126 152 - 152 155 - 155 172 - 172 145 - 145 172 - 172 (15.7%) (15.7%)

변액 보험(a+b) Variable (a+b) 4 73 77 4 70 75 5 87 92 4 50 55 5 56 61 4 73 77 5 56 61 (23.3%) 29.6% 25.4%

합계 Total 201 92 294 180 90 270 207 105 312 209 68 277 228 73 301 201 92 294 228 73 301 (11.8%) 26.8% (2.5%)

FY2018

1Q

증감률

(% Change)2Q 1Q

FY2018 FY2017

4Q 3Q

상품별 초년도보험료 (First Year Premium Income by Product)

자산운용 현황 수입보험료 실적 자산운용 현황



7

FY2018 FY2017 FY2018 FY2017


개인보험 Individual Life 150 158 200 146 181 150 181 (17.1%)

보장성보험 Protection 85 85 80 68 75 85 75 14.3%

종신보험 Whole Life 35 38 43 32 30 35 30 15.8%

변액종신보험 Variable Whole Life 33 32 31 30 38 33 38 (14.2%)

정기보험 Term Life 7 10 1 1 1 7 1 715.5%

건강보험 Health Benefit 10 5 5 4 5 10 5 89.9%

기타보장 Other Protection - - - - - - -

연금보험 Annuities 13 18 29 16 31 13 31 (57.3%)

금리확정형 Fixed-rate Annuities - - - - - - -

금리연동형 Floating-rate Annuities 1 4 6 4 13 1 13 (88.8%)

변액연금(a) Variable Annuities (a) 12 14 24 11 18 12 18 (35.2%)

저축보험(변액포함) Savings (Including Variable) 51 55 90 62 75 51 75 (31.9%)

금리확정형 Fixed-rate Savings - - - - - - -

금리연동형 Floating-rate Savings 35 35 48 52 61 35 61 (42.7%)

변액저축(b) Variable Savings (b) 16 20 42 11 14 16 14 14.2%

단체보험 Group Life - - - - - - -

개인+단체 Total 150 158 200 146 181 150 181 (17.1%)

보장성 보험 Protection 85 85 80 68 75 85 75 14.3%

저축성 보험(변액 제외) Savings (Excluding Variable) 36 39 54 56 74 36 74 (50.6%)

변액 보험(a+b) Variable (a+b) 28 34 66 22 32 28 32 (13.4%)

합계 Total 150 158 200 146 181 150 181 (17.1%)

증감률

(% Change)

수자수자 상품별 APE (APE by Product)

수



8

FY2018 FY2017 FY2018 FY2017


FC채널 FC Channel 50 54 79 44 82 50 82 (39.2%)

BA채널 BA Channel 79 50 55 44 25 79 25 210.8%

GA채널 GA Channel 3 3 2 2 2 3 2 55.5%

계 Total 132 107 137 91 109 132 109 20.3%

증감률

(% Change)

채널별 초회보험료 (Initial Premium Income by Channel) (단위: 십억원, %)


9

FY2018 FY2017 FY2018 FY2017


FC채널 FC Channel 127 132 157 127 162 127 162 (21.8%)

BA채널 BA Channel 141 113 132 129 117 141 117 19.7%

GA채널 GA Channel 27 24 22 22 22 27 22 21.4%

계 Total 294 270 312 277 301 294 301 (2.5%)

증감률

(% Change)

채널별 초년도보험료 (First Year Premium Income by Channel) (단위: 십억원, %)


10

FY2018 FY2017 FY2018 FY2017


FC채널 FC Channel 81 83 121 68 97 81 97 (17.2%)

BA채널 BA Channel 36 39 51 52 62 36 62 (41.8%)

GA채널 GA Channel 33 35 28 26 21 33 21 56.2%

계 Total 150 158 200 146 181 150 181 (17.1%)

증감률

(% Change)

채널별 APE (APE by Channel) (단위: 십억원, %)


11

FY2018 FY2018 FY2017

1Q Reconcile 1Q-3Q* 4Q 3Q 2Q 1Q 1Q YTD 1Q YTD

신계약가치 VNB 39.6 103.2 31.3 37.6 25.1 35.3 39.6 35.3 12.2%

FC채널 FC Channel 33.1 87.5 26.1 32.9 20.4 30.7 33.1 30.7 7.8%

BA채널 BA Channel 1.6 6.8 1.3 1.6 1.5 1.7 1.6 1.7 (7.0%)

GA채널 GA Channel 4.9 9.0 3.8 3.1 3.3 2.9 4.9 2.9 71.1%

보장성 상품 Protection 37.4 88.1 29.3 31.5 22.7 30.1 37.4 30.1 24.3%

저축성 상품 Savings 1.8 10.1 1.7 2.3 1.8 3.1 1.8 3.1 (43.1%)

변액 상품 Variable 0.4 5.1 0.3 3.9 0.6 2.1 0.4 2.1 (79.9%)

VNB Margin % (연환산신계약보험료) VNB Margin % (APE) 26.4% 19.6% 19.9% 18.8% 17.2% 19.5% 26.4% 19.5% 6.9%p

FC채널 FC Channel 41.1% 30.6% 31.4% 27.2% 30.0% 31.6% 41.1% 31.6% 9.6%p

BA채널 BA Channel 4.4% 4.1% 3.4% 3.2% 2.8% 2.7% 4.4% 2.7% 1.6%p

GA채널 GA Channel 14.8% 12.0% 10.9% 11.3% 12.8% 13.5% 14.8% 13.5% 1.3%p

보장성 상품 Protection 43.9% 39.5% 34.4% 39.3% 33.5% 40.3% 43.9% 40.3% 3.5%p

저축성 상품 Savings 4.9% 5.5% 4.3% 4.2% 3.2% 4.2% 4.9% 4.2% 0.6%p

변액 상품 Variable 1.5% 4.2% 0.9% 5.9% 2.8% 6.4% 1.5% 6.4% (4.9%p)

VNB Margin % (수입보험료현가) VNB Margin % (PVGP) 6.0% 5.0% 4.8% 4.6% 4.3% 4.9% 6.0% 4.9% 1.1%p

FC채널 FC Channel 8.9% 7.1% 7.0% 6.4% 6.9% 7.3% 8.9% 7.3% 1.6%p

BA채널 BA Channel 1.0% 1.1% 0.9% 0.8% 0.7% 0.8% 1.0% 0.8% 0.2%p

GA채널 GA Channel 4.1% 3.6% 3.0% 3.2% 3.6% 3.7% 4.1% 3.7% 0.4%p

보장성 상품 Protection 10.0% 9.2% 8.0% 9.1% 7.8% 9.1% 10.0% 9.1% 0.9%p

저축성 상품 Savings 1.1% 1.5% 1.1% 1.1% 0.8% 1.2% 1.1% 1.2% (0.1%p)

변액 상품 Variable 0.3% 1.1% 0.2% 1.5% 0.7% 1.7% 0.3% 1.7% (1.3%p)

내부수익률 % IRR % 22.8% 18.5% 22.3% 18.4% 23.3% 22.8% 23.3% (0.5%p)

FC채널 FC Channel 30.4% 22.6% 28.7% 21.2% 28.9% 30.4% 28.9% 1.5%p

BA채널 BA Channel 16.1% 16.7% 15.8% 15.4% 15.5% 16.1% 15.5% 0.6%p

GA채널 GA Channel 13.6% 12.1% 12.5% 13.4% 13.7% 13.6% 13.7% (0.2%p)

보장성 상품 Protection 25.2% 19.7% 24.1% 19.6% 25.3% 25.2% 25.3% (0.1%p)

저축성 상품 Savings 16.7% 17.1% 16.5% 15.4% 17.6% 16.7% 17.6% (0.9%p)

변액 상품 Variable 10.4% 9.7% 19.1% 11.5% 18.5% 10.4% 18.5% (8.1%p)

* 2017년 말 최적가정 및 NIER 변경을 반영하여 1-3분기 VNB를 재산출한 수치임

* Reconcile 1Q-3Q reflects changes in year-end best estimates and NIER (net investment earned rate) to reconcile for the full year.

FY2017 증감률

(% Change)

수입보험료 자산운용 수입보험료 자산운용 수자수자신계약가치 Value of New Business (VNB)

수자


( Unit: KRW bln, %)

수입보험료 자산운용

수입보험료 자산운용

12

FY2018 FY2017 FY2018 FY2017


2.8% 2.5% 2.6% 2.4% 2.6% 2.8% 2.6% 0.2%p

13회차

(13th Month)81.2% 80.6% 79.7% 78.4% 81.8% 81.2% 81.8% (0.6%p)

25회차

(25th Month)64.4% 72.7% 69.8% 67.0% 72.8% 64.4% 72.8% (8.4%p)

56.4% 59.2% 50.0% 55.7% 56.3% 56.4% 56.3% 0.1%p

31.9% 30.9% 32.7% 31.8% 34.2% 31.9% 34.2% (2.3%p)

5,328 5,278 5,143 5,105 5,160 5,328 5,160 3.3%

1) 실효해약률 = (해약액 + 실효액)/(신계약액+전분기말 보유계약액)*100

Lapse & Surrender Rate = (Lapse Amount + Surrender Amount)/(New Business Insured Amount + In-force Business Insured Amount as of previous quarter-end)*100

2) 유지율 : 금융감독원 업무보고서 기준

Persistency Rate : FSS Business Report Basis

3) 13월차 정착률 : 현재 재적 중인 대상 FC수/13월차 전 위촉한 FC수

Retention Rate : Registered number of FCs appointed prior to 13th month / Appointed number of FCs prior to 13th month

4) 금융감독원 기준 정착률 : 금융감독원 업무보고서 기준

Retention Rate(FSS Basis) : FSS Business Report Basis

5) 보고기간말 회사등록 인원수

Company registered number of FCs as of reporting date

전속 설계사 인원수5)

(Number of Financial Consultants)

증감률

(% Change)

유지율2)

(Persistency Rate)

13월차 정착률4) (금융감독원 기준)

(13th Month FC Retention Rate (FSS Basis))

실효해약률1)

(Lapse & Surrender Rate)

13월차 정착률3)

(13th Month FC Retention Rate)

경영 효율 지표 (Efficiency) ( 단위 : % , 명)

( Unit : % , headcount)

13

FY2018 FY2017 FY2018 FY2017


운용자산이익률(금융감독원) 1)

Investment Yield(FSS) 1) 3.7% 3.6% 3.6% 3.6% 3.7% 3.7% 3.7% 0.0%p

조정운용자산이익률(금융감독원) 2)

Adjusted Investment Yield(FSS) 2) 4.0% 4.0% 4.1% 4.1% 4.1% 4.0% 4.1% (0.2%p)

운용자산이익률(분기) 3)Investment Yield(Quarterly)

3) 3.7% 3.5% 3.6% 3.7% 3.6% 3.7% 3.6% 0.2%p

조정운용자산이익률(분기) 4)Adjusted Investment Yield(Quarterly)

4) 4.0% 3.7% 3.9% 4.0% 3.9% 4.0% 3.9% 0.0%p

사업비율 5)

Expense Ratio 5) 5.1% 6.5% 5.0% 5.5% 5.4% 5.1% 5.4% (0.3%p)

1) 운용자산이익률 : 금감원 기준으로 작성 (직전 1년 기준)

Investment Yield : FSS Business Report basis (12 Months Rolling basis)

2) 조정운용자산이익률 : 유가증권 평가손익을 제외한 운용자산 기준 (직전 1년 기준)

Adjusted Investment Yield : Investment Operating Results / Average Investment Assets (Excluding Unrealized Gains and Losses) (12 Months Rolling basis)

3) 운용자산이익률 : 연환산 투자손익(분기 투자손익 *4) / 분기평균 운용자산

Quarterly Investment Yield : Annualized Investment Operating Results (Quarterly Investment Operating Results *4) / Quarterly Average Investment Assets

4) 조정운용자산이익률 : 유가증권 평가손익을 제외한 운용자산 기준

Quarterly Adjusted Investment Yield : Annualized Investment Operating Results / Quarterly Average Investment Assets (Excluding Unrealized Gains and Losses)

5) 사업비율 = 유지비 / 수입보험료(특별계정 포함)

Expense Ratio: Maintenance Cost / Premium Income (Including Separate account)

증감률

(% Change)

수자수자

수자

수익성지표 (Investment & Expenses) (단위: 십억원, %)


14

FY2018 FY2017 FY2018 FY2017


위험보험료 대 사망보험금 Loss Ratio 77.2% 72.3% 78.8% 72.9% 80.8% 77.2% 80.8% (3.6%p)

손익 Margin 35 42 32 41 28 35 28 22.2%

사망보험금사고보험금 & IBNR Claims & IBNR Movement 118 110 119 109 120 118 120 (1.6%)

위험보험료위험보험료 Risk Premiums 153 152 151 150 149 153 149 3.0%

위험보험료위험보험료 대 사망보험금(사망) Loss Ratio for Mortality 44.9% 42.3% 39.6% 46.8% 40.8% 44.9% 40.8% 4.1%p

위험보험료손익 Margin 32 33 34 30 33 32 33 (4.2%)

위험보험료사고보험금 Claims 26 24 22 26 23 26 23 13.3%

위험보험료위험보험료 Risk Premiums 57 57 56 56 56 57 56 3.0%

위험보험료위험보험료 대 사망보험금(질병/상해) Loss Ratio for Morbidity 95.6% 89.0% 95.6% 89.6% 97.5% 95.6% 97.5% (1.9%p)

손익 Margin 4 10 4 10 2 4 2 81.2%

사고보험금 Claims 91 84 91 84 91 91 91 1.0%

위험보험료 Risk Premiums 96 95 95 94 93 96 93 3.0%

재보험 손익 Reinsurance Margin (4) (3) (3) (4) (3) (4) (3) (22.3%)

- 저축성 상품의 사고보험금 : 사망시 지급하는 적립액 포함하지 않음

Claims for Saving(ISP/Var) product : Net Claim

- 보장성 상품의 사고보험금 : 사망시 지급하는 총 지급보험금 (사망당시준비금 포함)

Claims for Protection(Trd/Var) product : Gross Claim

- 감독원 보고서는 재보험손익을 포함하지 않음

FSS Report ( Loss Ratio ) does not include "Reinsurance Margin"

증감률

(% Change)

수자수자

수자

위험보험료 대 사망보험금 비율(Loss Ratio) (단위: 십억원, %)


15

FY2017 FY2018 FY2017

1Q 4Q 3Q 2Q 1Q 1Q

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

금액

(Amount)

구성비

(%)

운용자산 Investment Assets 24,738 100.0% 24,558 100.0% 24,484 100.0% 24,299 100.0% 24,119 100.0% 24,738 100.0% 24,119 100.0% 619 0.0%p

현금 및 예치금 Cash and Bank Deposits 603 2.4% 560 2.3% 597 2.4% 570 2.3% 619 2.6% 603 2.4% 619 2.6% (16) (0.1%p)

채권 Domestic Bonds 20,497 82.9% 21,074 85.8% 20,951 85.6% 21,033 86.6% 20,766 86.1% 20,497 82.9% 20,766 86.1% (269) (3.2%p)

주식, 수익증권, 출자금Stocks, Investment fund,

Equity investment834 3.4% 497 2.0% 402 1.6% 261 1.1% 254 1.1% 834 3.4% 254 1.1% 580 2.3%p

외화유가증권 Securities in foreign currency 377 1.5% 287 1.2% 244 1.0% 241 1.0% 216 0.9% 377 1.5% 216 0.9% 162 0.6%p

기타유가증권 Other Securities 9 0.0% 7 0.0% 8 0.0% 10 0.0% 13 0.1% 9 0.0% 13 0.1% (4) (0.0%p)

대출채권 Loans 2,418 9.8% 2,134 8.7% 2,282 9.3% 2,184 9.0% 2,252 9.3% 2,418 9.8% 2,252 9.3% 166 0.4%p

비운용자산 Other Assets 1,222 1,319 1,233 1,296 1,336 1,222 1,336 (114)

특별계정자산 Separate Account Assets 5,465 5,578 5,540 5,625 5,445 5,465 5,445 20

자산 총계 Total Assets 31,425 31,455 31,257 31,220 30,900 31,425 30,900 525

증감

(% Change)

FY2018

1Q

자산 Portfolio 현황 (Investment Assets Portfolio)

수입보험자산운용


( Unit: KRW bln, %)

16

FY2018 FY2017 FY2018 FY2017


현금 및 예치금 Cash and bank deposits 8 7 8 9 7 8 7 22.2%

채권 Domestic Bonds 191 179 182 180 177 191 177 7.5%

주식, 수익증권, 출자금Stocks, Investment fund,

Equity investment2 5 1 4 8 2 8 (74.0%)

외화유가증권 Securities in foreign currency 3 (0) 3 3 (2) 3 (2) 258.9%

기타유가증권 Other Securities - 0 0 0 0 - 0 (100.0%)

대출채권 Loans 30 30 29 29 28 30 28 7.8%

재산관리비 등 Investment Administration Expenses, etc. (7) (8) (7) (5) (6) (7) (6) (13.8%)

투자손익 1)

Investment Operating Results 1) 228 213 217 220 213 228 213 6.9%

1) 투자손익=투자수익-투자비용(금융감독원 기준)

Investment Operating Results = Investment operating revenues - Investment operating expenses (FSS basis)

증감률

(% Change)

자산종류별 투자 손익 (Investment Return by Asset Class) (단위: 십억원, %)


17

FY2018 FY2017 FY2018 FY2017

1Q 4Q 3Q 2Q 1Q 1Q 1Q

대출채권 1)Loans

1) 2,473 2,191 2,339 2,243 2,314 2,473 2,314 6.9%

정상 Normal 2,472 2,190 2,338 2,243 2,313 2,472 2,313 6.9%

요주의 Precautionary - - - 0 - - - -

고정이하 Substandard and Below 1 1 1 1 1 1 1 (4.6%)

(고 정) (Substandard) 0 - - - 0 0 0 (17.1%)

(회수의문) (Doubtful) - - - - - - - -

(추정손실) (Estimated Loss) 1 1 1 1 1 1 1 (2.7%)

부실대출비율(NPL) Non-performing Loans(NPL) Ratio 0.02% 0.03% 0.03% 0.03% 0.03% 0.02% 0.03% (0.00%p)

1) 특별계정 포함

Including Separate Account

증감률

(% Change)

수자수자 자산 건전성 현황 (Asset Quality of Loans)

수자

수수익성 지표 자


( Unit: KRW bln, %)

18

FY2018 FY2017 FY2018 FY2017

1Q 4Q 3Q 2Q 1Q 1Q 1Q

변동금리 비중 (Interest Sensitive Rate) 50.2 50.7 51.0 51.2 51.5 50.2 51.5 (1.2p)

고정금리 비중 (Fixed Interest Rate) 49.8 49.3 49.0 48.8 48.5 49.8 48.5 1.2p

6.0% 이상 (6.0% and above) 10.1 10.1 10.1 10.1 10.1 10.1 10.1 (0.1p)

6.0% 미만 (Below 6.0%) 39.7 39.3 38.9 38.7 38.4 39.7 38.4 1.3p

평균 부담금리 (Average rate) 4.0 4.0 4.0 4.0 4.0 4.0 4.0 (0.0p)

변동금리 (Interest Sensitive Rate) 3.0 3.0 3.0 3.0 3.1 3.0 3.1 (0.1p)

고정금리 (Fixed Interest Rate) 4.9 5.0 5.0 5.0 5.0 4.9 5.0 (0.0p)

6.0% 이상 (6.0% and above) 7.0 7.0 7.0 7.0 7.0 7.0 7.0 0.0p

6.0% 미만 (Below 6.0%) 4.4 4.4 4.4 4.5 4.5 4.4 4.5 (0.0p)

듀레이션 갭 (Duration Gap) 3) (0.91) (0.81) (0.81) (0.89) 2.47 (0.91) 2.47 (3.38)

자산 듀레이션 (Asset Duration) 9.82 9.78 9.65 9.43 8.72 9.82 8.72 1.10

부채 듀레이션 (Liability Duration) 12.52 12.56 12.60 12.61 7.71 12.52 7.71 4.81

조정운용자산이익률(A)

(Adjusted Investment Yield(A))4.0 4.0 4.1 4.1 4.1 4.0 4.1 (0.2p)

보험료적립금 평균예정이율(B) 4)

(Average Interest Rate for Premium Reserve(B))

4.0 4.0 4.0 4.0 4.0 4.0 4.0 (0.1p)

투자 스프레드(A-B)

(Investment Spread(A-B))(0.0) 0.0 0.1 0.1 0.1 (0.0) 0.1 (0.1p)

1) 보험료 적립금 비중은 각 분기말 시점의 보험료적립금을 기준으로 작성 (Premium Reserve Composition Rate is based on the premium reserve amount at the end of each quarter)

2) 평균 부담금리는 각 분기별 보험료적립금 부담이자 기준으로 작성 (Average Interest Rate is based on paid interest on premium reserves of each quarter)

평균 부담금리의 6% 금리 구분은 고정금리 대상으로 작성 ('6.0% and above or Below' is based on Fixed rate reserve)

3) 듀레이션 갭 : 자산듀레이션 - 부채듀레이션 × (보험부채/금리부자산) (Duration Gap : Asset Duration - Liability Duration x (Insurance Liability/Interest-earning Assets))

4) 평균예정이율항목은 직전 1년간 보험료적립금 부담이자 기준으로 작성 (Average Interest Rate for Premium Reserve is based on paid interest on premium reserves of previous 12 months)

증감

(Change)

보험료적립금

비중 1)

Premium Reserve

Composition (%)

평균 부담금리 2)

Average Interest Rate (%)

투자 스프레드

Investment Related Profit

(%, %p)

듀레이션

(RBC)

Duration (RBC)

(Year)

수자수자

재무 안정성 (Financial Stability)

수자

수자

(단위: %. 년)

( Unit: %, Year)

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전통형 상품-무배당 Traditional Products - Non-PAR

잉여 Adequacy 4,237 3,642 2,877 4,237 3,642 16.4%

평가 대상 준비금 Tested Reserves 7,938 7,234 6,537 7,938 7,234 9.7%

평가액 1) (-) GPV 1)

(-) 3,701 3,592 3,660 3,701 3,592 3.0%

전통형 상품-유배당 Traditional Products - PAR 0 0 0 0 0

잉여 Adequacy 108 18 51 108 18 493.3%

평가 대상 준비금 Tested Reserves 663 633 603 663 633 4.9%

평가액 (-) GPV (-) 555 614 552 555 614 (9.6%)

금리연동형 상품-무배당 Interest Sensitive Products - Non-PAR 0 0 0 0 0

잉여 Adequacy 1,074 504 476 1,074 504 113.1%


평가액(-) GPV (-) 7,497 7,679 7,156 7,497 7,679 (2.4%)

금리연동형 상품-유배당 Interest Sensitive Products - PAR 0 0 0 0 0

잉여 Adequacy (247) (304) (277) (247) (304) 18.8%

평가 대상 준비금 Tested Reserves 1,063 1,018 970 1,063 1,018 4.4%

평가액 (-) GPV (-) 1,310 1,322 1,247 1,310 1,322 (0.9%)

변액상품 Variable Products 0 0 0 0 0

잉여 Adequacy 1,506 1,477 1,344 1,506 1,477 2.0%

평가 대상 준비금 Tested Reserves (321) (282) (260) (321) (282) (13.5%)

평가액 (-) GPV (-) (1,826) (1,759) (1,604) (1,826) (1,759) (3.8%)

전체 상품 All Products

잉여 Adequacy 6,678 5,336 4,471 6,678 5,336 25.1%


평가액 1) (-) GPV 1)

(-) 11,236 11,448 11,011 11,236 11,448 (1.9%)

1) 책임준비금 적정성 평가 금액

Gross Premium Valuation

2) 2017년 보험부채적정성평가 규정 변경에 따라 변경효과를 2015년, 2016년 소급하여 작성함.

Restated LAT of 2015, 2016 by Regulation change

증감률

(% Change)FY2017 FY2016 FY2015 FY2017 FY2016

부채적정성평가 (Liability Adequacy Test) (단위: 십억원, %)

( Unit: KRW bln, %)

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본 자료는 투자자의 투자를 권유할 목적으로 작성된 것이 아니라 투자자의 이해를 증진시키고 투자판단에 참고가 되는 각종 정보를 제공할 목적으로

작성되었으며, FY2018 1분기 재무제표는 외부감사인의 회계 검토가 완료되지 않은 상태에서 투자자들에게 제공되는 것입니다. 신계약가치, 경영 효율지표 등 일부 항목은 변경될 수 있으며, 일부 항목간의 합계는 반올림으로 인하여 단수차이가 발생할 수 있습니다. 본 자료를 참고한 투자자의 투자 의사결정은 전적으로 투자자 자신의 판단과 책임하에 이루어져야 하며, 당사는 본 자료의 내용에 의거하여 행해진 일체의 투자행위 결과에 대하여 어떠한 책임도 지지 않습니다. 본 자료는 어떠한 경우에도 투자자의 증권투자 결과에 대한 법적 책임소재의 증빙자료로

사용될 수 없습니다. 본 문서는 주식의 모집 또는 매매 및 청약을 위한 권유를 구성하지 아니하며 문서의 그 어느 부분도 관련 계약 및 약정 또는 투자 결정을 위한 기초 근거가 될 수 없음을 알려드립니다.

Disclaimer

The material has been prepared by ING Life Insurance Korea, Ltd. (the “Company”) solely for informational purposes in its ma terial to current and

prospective investors of the Company and is provided to investors before reviewing on the financial statements of 1Q FY2018 by external auditors. Some items such as Value of New Business, Efficiency may be subject to change and rounding of sums of certain items may resul t in slight

discrepancies. Neither the Company nor any of its affiliates, officers, directors or advisors shall have any liability whatsoever (in negligence or otherwise) for any loss

arising from any use of this material or its contents or otherwise arising in connection with this material. This document is not intended for access or use by any person or entity in any jurisdiction where such access or use would be contrary to applicable laws or regulations. By reviewing this document each recipient is deemed to represent that it is a person who may lawfully access this document in

accordance with the laws and regulations of the jurisdiction in which it is located. Other persons should not rely or act upon this material or any of

its contents.

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Documents

아이엔지생명 Fact Sheet (2018 1 · 2018-10-11 · 아이엔지생명 Fact Sheet (2018년 1분기) ING LIFE KOREA Fact Sheet (1Q 2018) May 14, 2018 주소Address : 서울시