Korean Re's gross written premiums for 2015 increased by 6.6% USD 5,580.2 million, recovering from the slowing trend over the previous two years.
A strong rebound in premium income from overseas property and casualty treaties also bolstered the overall top-line growth.
Korean Re expected to see its net profit for 2016 hit a new high on growing demand for its reinsurance packages from top insurance companies.
[4][5] Korean Re has been seeing an increase in the number of new contracts with top insurers after Standard & Poor's raised its credit rating by one notch to A from A− in 2014.
S&P hiked the rating two years ago when Korean Re successfully increased capital by issuing $200 million worth hybrid securities for the first time.