Orange Life Insurance, Ltd. announced earnings results for the third quarter and nine months of 2018. Return on equity was 8.9% for the third quarter on after-tax profits of KRW 81.4 billion. The premium income is up 31%. Regular premium income climbed 11.9% on recovery in BA volumes, while single premium income increased over 150%. Profits were lower in the third quarter on reduced GMxB reserves releases and re-branding expenses. The operating result before tax dropped 13% compared to prior year, pulling the year-to-date figure down 6.3%. Profit for year-end dividend purposes, were KRW 8.4 billion in the third quarter.

On the year to date basis, the return on equity is just under 10% at 9.7%. On a year to date basis, regular premium income is up 1.7%, while single premium income has doubled.

The company is expecting about KRW 3.5 billion of CapEx for the fiscal 2018, which is in line with original estimate.