SEOUL, Oct. 17 (Xinhua) -- South Korean insurers' capital adequacy ratio fell in the second quarter of this year on lower available capital and higher required capital, financial watchdog data showed Thursday.
The capital adequacy ratio for 19 domestic insurance companies under the Korean-Insurance Capital Standard (K-ICS), or the ratio of available capital to required capital, came in at 217.3 percent at the end of June, down 6.3 percentage points from three months earlier, according to the Financial Supervisory Service.
Available capital under the K-ICS reduced 1.8 trillion won (1.3 billion U.S. dollars) to 260.4 trillion won (191.3 billion dollars) during the April-June quarter, but required capital gained 2.6 trillion won (1.9 billion dollars) to 119.8 trillion won (88 billion dollars).
The capital adequacy ratio for life insurance companies dipped 10.3 percentage points to 212.6 percent in the cited quarter, while the ratio for non-life insurers slipped 0.8 percentage points to 223.9 percent. ■