Shown above is the head office of ABL Life Insurance in Seoul. The insurer racked up 4.19 percent in the rate of return on its invested assets last year, one of the highest in the industry. Photo courtesy of ABL Life Insurance

ABL expected to make it to top three for 6 straight years

ABL Life Insurance announced on March 13 that the corporation had racked up 4.14 percent in the rate of return on its invested assets throughout last year.

As a result, the Seoul-based company is expected to make it to the top three of the country’s life insurance business in terms of the 2022 rate of return.

ABL Life logged higher than 4 percent rates in five years out of the past six years by recording 4.2 percent in 2017 and 2018, each, 4.1 percent in 2019 and 2021, apiece, and 4.19 percent last year.

In 2020, the figure also neared the 4-percent plateau with 3.9 percent.

Its five-year average rate of return between 2017 and 2021 surpassed the 4 percent mark, compared to 3.64 percent of the whole average for the country’s life insurance industry.

During the span, ABL Life managed to rank higher than the No. 3 place.

ABL Life noted that the company’s success in asset management had been attributable to its decision to adopt proactive portfolio management strategies.

For example, the insurer managed just 6.8 percent of its assets in the alternative investment segment in 2016. But it jacked up the proportion to 21.4 percent last year.

In particular, ABL Life has pulled out all the stops to find out lucrative investment targets outside of the country, the firm said.

“Our notable performances over the past six years demonstrate that we have the capacity to achieve outstanding results regardless of the investment environments,” ABL Asset Management Office chief Kwon Dal-hoon said.

“Through various asset management tactics, we will put forth efforts to keep achieving good results.”

Hillary Lee studied literature in Seoul. Lee has big interests on various topics including IT, BT, business and finance. Lee can be reached at homin30@hanmail.net or 82-2-6956-6698.