life insurance policies
ING Life Korea is the fifth largest life insurer in Korea in total assets ($23.1 billion). The Company is among the most profitable and most well-capitalized life insurance companies in Korea, with return on equity of 11.3%, net income of $254.6 million and solvency margin ratio of 389%. The Company sells protection, savings, annuity and variable products to both individuals and group customers. As of Dec. 31, 2014, the Company had two million contracts in force worth $73.8 billion and distributes its products mainly through its exclusive network of 5,300 tied agents.