About Lotte Insurance
Lotte Insurance is a company based in Seoul (South Korea) founded in 1946.. The company has 1,210 employees as of December 31, 2024. Lotte Insurance operates in a competitive market with competitors including Blue KC, Samsung Life Insurance, Beazley, Prudential and meritz Fire & Marine Insurance, among others.
- Headquarter Seoul, South Korea
- Employees 1210 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lotte Non-Life Insurance Co., Ltd
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Annual Revenue
$1.48 B (USD)12.74as on Dec 31, 2024
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Net Profit
$14.3 M (USD)-92.53as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
1210
as on Dec 31, 2024
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IPO & Listings of Lotte Insurance
Lotte Insurance is a publicly listed company on the KRX with ticker symbol 000400 in South Korea, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Lotte Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Lotte Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lotte Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lotte Insurance Comparisons
Competitors of Lotte Insurance
Lotte Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue KC, Samsung Life Insurance, Beazley, Prudential and meritz Fire & Marine Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Life, health insurance, loans, and annuities are offered internationally.
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| domain | founded_year | HQ Location |
Specialist insurance and reinsurance are underwritten for clients worldwide.
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| domain | founded_year | HQ Location |
Diversified insurance coverage is provided in fire and marine sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lotte Insurance
Frequently Asked Questions about Lotte Insurance
When was Lotte Insurance founded?
Lotte Insurance was founded in 1946.
Where is Lotte Insurance located?
Lotte Insurance is headquartered in Seoul, South Korea.
How many employees does Lotte Insurance have?
As of Dec 31, 2024, the latest employee count at Lotte Insurance is 1,210.
What is the annual revenue of Lotte Insurance?
Annual revenue of Lotte Insurance is $1.48B as on Dec 31, 2024.
What does Lotte Insurance do?
Lotte Insurance was established in 1946 in Seoul, South Korea, as a provider of non-life insurance. Coverage is extended to areas such as property damage, liability, and casualty risks through various policies. Operations are centered in the South Korean market, where standard and specialized non-life products are managed to address client needs in the insurance sector. The domain lotteins.co.kr is utilized for online interactions.
Who are the top competitors of Lotte Insurance?
Lotte Insurance's top competitors include Samsung Life Insurance, Beazley and meritz Fire & Marine Insurance.
Is Lotte Insurance publicly traded?
Yes, Lotte Insurance is publicly traded on KRX under the ticker symbol 000400.
What is Lotte Insurance's ticker symbol?
The ticker symbol of Lotte Insurance is 000400 on KRX.