Lotte Insurance Co, Ltd.
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Lotte Insurance Co, Ltd. - overview
Established
1946
Location
Seoul, -, South Korea
Primary Industry
Insurance
About
Lotte Insurance Co, Ltd. is a South Korean provider of comprehensive insurance solutions, including life and non-life insurance products, dedicated to delivering financial security and risk management services to its diverse clientele. Founded in 1946 in Seoul, South Korea, Lotte Insurance Co, Ltd. operates in the insurance sector, focusing on both life and non-life insurance services.
The company went public in April 1971 by listing on the KOSPI. Lotte Insurance has successfully raised KRW 373,438. 00 mn in total funding, with the latest funding round being a PIPE investment, attracting investors including IMM Investment and JKL Partners. 롯데손해보험 (Lotte Insurance) provides a wide array of insurance products tailored to the needs of its clients.
The company specializes in life and non-life insurance, offering health, auto, and property insurance, aiming to ensure financial protection against various risks for both individuals and businesses. Lotte Insurance serves a broad range of customers, from individual consumers to small and medium-sized enterprises, primarily within South Korea and select international markets. For the fiscal year ending in 2024, Lotte Insurance Co, Ltd. reported a revenue of KRW 1,485,191,454.
30 and an EBITDA of KRW 22,788,957. 10, with its revenue primarily stemming from premium collections across its diverse insurance product offerings. Lotte Insurance Co, Ltd. is targeting the development of new insurance products in the coming years, although specific release dates have not been disclosed.
The company aims to expand its market presence beyond South Korea, focusing on strategic entry into international markets to broaden its customer base. The funding from its recent PIPE deal, finalized in April 1971, will be utilized to support these product development initiatives and market expansion efforts.
Current Investors
JKL Partners, IMM Investment
Primary Industry
Insurance
Sub Industries
Personal Insurance
Website
www.lotteins.co.kr
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Lotte Insurance Co, Ltd. - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,824,114,780,527 | 2,494,983,558,381 | 2,799,122,500,501 | - | 3,317,901,766,165 | 3,524,548,112,009 | 3,673,602,283,185 | 4,118,220,008,411 | 3,544,567,732,959 | - | - | - |
| % Revenue Growth (YoY) | - | 36.8% | 12.2% | - | - | 6.2% | 4.2% | 12.1% | (13.9%) | - | - | - |
| EBITDA (USD) | 10,952,557,770 | 14,737,519,991 | 18,905,929,024 | - | 108,608,417,855 | 129,731,295,763 | (53,275,338,863) | (9,329,729,405) | 153,021,652,551 | - | - | - |
| Operating Income (USD) | 5,629,817,473 | 6,986,948,609 | 11,621,012,282 | - | 101,061,833,062 | 121,279,008,783 | (70,939,995,707) | (31,011,765,629) | 129,404,175,895 | - | - | - |
| Operating Margin | 0.3% | 0.3% | 0.4% | - | 3.0% | 3.4% | (1.9%) | (0.8%) | 3.7% | - | - | - |
| % EBITDA Margin | 0.6% | 0.6% | 0.7% | - | 3.3% | 3.7% | (1.5%) | (0.2%) | 4.3% | - | - | - |
| NET Income (USD) | 4,912,678,822 | 2,549,591,176 | 9,880,555,850 | - | 74,645,949,109 | 91,314,265,468 | (51,167,419,639) | (24,215,079,079) | 119,877,975,633 | - | - | - |
| % Net Margin | 0.3% | 0.1% | 0.4% | - | 2.2% | 2.6% | (1.4%) | (0.6%) | 3.4% | - | - | - |
Lotte Insurance Co, Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Lotte Insurance Co, Ltd. | - | ||||||||
| IPO | Completed | Lotte Insurance Co, Ltd. | - |
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