About SGI Hanoi
SGI Seoul(Headquarters)
Seoul Guarantee Insurance was originally established in 1969 under the name of Korea Fidelity and Surety Company, and, as a strategic business partner for both individuals and enterprises over the past years, Seoul Guarantee Insurance has provided various guarantee services and grown in parallel with Korean economic development.
As the one and only comprehensive guarantee service provider in Korea, Seoul Guarantee Insurance is currently the market leader in Korean surety and credit insurance industry, and also making headway into the overseas market based on its experience and expertise.
Seoul Guarantee Insurance has been affirmed its credit rating as “A+” and “AA- ” by S&P and Fitch respectively for its strong and sound financial capabilities. Looking to the future, Seoul Guarantee Insurance will strive to achieve the goal of of becoming a “World's Top Class Financial Institution” leading the global industry.
Ownership Structure
As of Dec.31,2022 (Unit : Thousand shares)
| Shareholder | Shares |
|---|---|
| KDIC* | 32,764(93.85%) |
| Life Insurers | 1,520(4.35%) |
| Non-life Insurers | 627(1.80%) |
* KDIC: the state-owned Korea Deposit Insurance Corporation
Financial Information
(USD Million)
Total Assets
Total Liabilities
Total Equity
Key Index of Insurance Operating
| Classification | Unit | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Original premium | USD Million | 1,713.6 | 1,630.4 | 1,795.2 | 1,683.6 |
| Loss Rate | % | 53.3 | 63.1 | 69.0 | 54.9 |
| Solvency | % | 369.6 | 396.1 | 413.9 | 420.2 |
| Exposure | USD Billion | 268.1 | 295.1 | 346.4 | 354.4 |
- Financial statements are based on Korean IFRS
- Applicable exchange rate: as exchange rate of KEB Bank announced on the end of the each fiscial year
Subsidiary
| Company | Business Area | Established | Shares |
|---|---|---|---|
| SGI Credit Info.Co.,Ltd | Debt Collection | 1/8/2004 | 85.0% |
| SGI Mena | Insuarance Brokerage | 8/8/2022 | 100% |