life insurance policies
Orange Life, previously ING Life Korea, is the fifth largest life insurer in Korea in total assets ($29.4 billion) and is among the most profitable and most well-capitalized life insurance companies in Korea, with return on equity of 8.4% and solvency margin ratio of 425%. The Company sells protection, savings, annuity and variable products to both individuals and group customers. As of Dec. 31, 2018, the Company had 1.9 million contracts in force worth $80.5 billion and distributes its products mainly through its exclusive network of 5,087 financial consultants, as well as banks and general agencies. The Company was sold to Shinhan Financial Group in February 2019.