On the 22nd, life insurance stocks plunged across the board in the domestic stock market, significantly dampening investor sentiment. In particular, Mirae Asset Life plummeted more than 29%, effectively crashing to near limit-down levels, while Samsung Life, Hanwha Life, Heungkuk Life, and other major insurance stocks also declined in tandem.

As of this afternoon, the price movements and trends of major insurance stocks are as follows.

• Mirae Asset Life: Trading at 24,450 won, down 10,100 won (29.23%) from the previous trading day, with the decline widening during the session. • Samsung Life: As the industry leader, it is trading at 461,000 won, down 36,000 won (7.24%). • Hanwha Life: Trading at 5,030 won, down 3.64%. • Heungkuk Life: Trading at 7,360 won, down 4.54%. • Korea Re: reinsurer Korea Re also fell 4.62% to 12,790 won, reflecting the overall sluggish trend in the insurance sector.

The market analyzes that profit-taking following recent sharp stock price gains and shrinking investor sentiment toward the insurance sector contributed to this decline. In particular, Mirae Asset Life's steep drop has weighed on the entire sector, heightening investor caution.

Nevertheless, experts projected that future changes in the interest rate environment, asset management profitability, and new contract growth trends will be key variables determining the stock price trajectory of insurance stocks. Given that the insurance industry's stable profit-generating capacity and dividend appeal remain intact, interest in the sector is expected to persist from a mid- to long-term perspective.

[This article is by no means intended to solicit investment. The content may merely represent opinions, so please do not use it as a reference or material for investment decisions. All investments are made at the individual's own discretion, and the final responsibility lies with the investor. This publication assumes no responsibility whatsoever.]