News

SBI Investment Portfolio Company Aijinet Turns a Profit with First-Half Operating Profit of KRW 1.7 Billion… Record Revenue

  • SBI Investment portfolio company Aijinet, an insurance platform, recorded first-half revenue of KRW 17.94 billion this year, up 17.1% from KRW 15.32 billion a year earlier and its best-ever half-year result. Operating profit swung to KRW 1.74 billion from a loss of KRW 100 million in the same period last year.
  • Second-quarter revenue rose 5.5% quarter on quarter to KRW 9.21 billion, and the operating margin improved from 7.3% in the first quarter to 12.0% in the second, showing a clear trend of improving profitability. B2B platform revenue grew 46% year on year.
  • As regulatory changes in insurance distribution shift the basis of competition from capital to data, Aijinet plans to sustain its growth by expanding its MyData business.

The full article is available at the link below.

https://www.joongangenews.com/news/articleView.html?idxno=541587