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Meritz Fire & Marine Insurance Co (XKRX:000060) Net Margin % : 9.20% (As of Sep. 2022)


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What is Meritz Fire & Marine Insurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Meritz Fire & Marine Insurance Co's Net Income for the three months ended in Sep. 2022 was ₩259,699 Mil. Meritz Fire & Marine Insurance Co's Revenue for the three months ended in Sep. 2022 was ₩2,824,171 Mil. Therefore, Meritz Fire & Marine Insurance Co's net margin for the quarter that ended in Sep. 2022 was 9.20%.

The historical rank and industry rank for Meritz Fire & Marine Insurance Co's Net Margin % or its related term are showing as below:


XKRX:000060's Net Margin % is not ranked *
in the Insurance industry.
Industry Median: 8.115
* Ranked among companies with meaningful Net Margin % only.

Meritz Fire & Marine Insurance Co Net Margin % Historical Data

The historical data trend for Meritz Fire & Marine Insurance Co's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meritz Fire & Marine Insurance Co Net Margin % Chart

Meritz Fire & Marine Insurance Co Annual Data
Trend Mar12 Mar13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.08 2.85 3.31 4.43 6.30

Meritz Fire & Marine Insurance Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.49 7.16 7.82 8.41 9.20

Competitive Comparison of Meritz Fire & Marine Insurance Co's Net Margin %

For the Insurance - Property & Casualty subindustry, Meritz Fire & Marine Insurance Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Meritz Fire & Marine Insurance Co's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Meritz Fire & Marine Insurance Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Meritz Fire & Marine Insurance Co's Net Margin % falls into.



Meritz Fire & Marine Insurance Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Meritz Fire & Marine Insurance Co's Net Margin for the fiscal year that ended in Dec. 2021 is calculated as

Net Margin=Net Income (A: Dec. 2021 )/Revenue (A: Dec. 2021 )
=659909.596/10471927.95
=6.30 %

Meritz Fire & Marine Insurance Co's Net Margin for the quarter that ended in Sep. 2022 is calculated as

Net Margin=Net Income (Q: Sep. 2022 )/Revenue (Q: Sep. 2022 )
=259698.983/2824171.346
=9.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Meritz Fire & Marine Insurance Co  (XKRX:000060) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Meritz Fire & Marine Insurance Co Net Margin % Related Terms

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Meritz Fire & Marine Insurance Co (XKRX:000060) Business Description

Traded in Other Exchanges
N/A
Address
382 Gangnamdae-ro, Meritz Tower, Gangnam-gu, Seoul, KOR
Meritz Fire & Marine Insurance Co Ltd is a property and casualty insurance company. The company operates one segment that focuses on property and casualty insurance products in Korea. The company offers automobile insurance, life and health insurance, and commercial liability insurance products. Meritz generates all of its revenue in South Korea. Meritz also provides child insurance, cancer insurance, and assurance analysis services. The company considers merger and acquisition investment as a component of its operational growth strategy.

Meritz Fire & Marine Insurance Co (XKRX:000060) Headlines

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