Mirae Asset Life Insurance Aims for ‘Korean Berkshire Hathaway’ Model
Mirae Asset Life Insurance is embarking on a strategy to emulate the investment success of Berkshire Hathaway, aiming to become a leading “Korean-style Berkshire Hathaway” by integrating its insurance and investment operations. The company announced its plans on February 23, 2026, highlighting a focus on principal investment (PI) and leveraging its strong financial standing.
Record Performance and Financial Strength
Mirae Asset Life Insurance reported a record pre-tax profit of 198.7 billion won on a consolidated basis for the previous year, demonstrating its profitability. The company also maintained a Korea Insurance Capital Standard (K-ICS) ratio of 177.9%, signaling robust financial soundness .
Growth Across Key Insurance Segments
The insurer experienced significant growth in its sales divisions. Monthly initial premiums for health insurance increased by 97% year-on-year, expanding its presence in the protection-type insurance market. Mirae Asset Life Insurance retained the top position in the industry for both initial and cumulative premiums in the variable insurance segment .
Strategic Shift Towards Principal Investment
This success is attributed to conservative actuarial assumptions, systematic asset-liability management (ALM) and adherence to the principles of IFRS17. Building on this foundation, the company intends to pursue innovation in asset management, with a particular emphasis on principal investment (PI). Mirae Asset Life plans to utilize the global infrastructure of the broader Mirae Asset Group to strengthen long-term investments in innovative companies within the future technology sectors .
Leadership Vision
Kim Jae-sik, Vice Chairman and CEO of Mirae Asset Life Insurance, stated the company’s commitment to solidifying its financial foundation through ALM matching even as actively pursuing long-term investments in innovative technology companies. He envisions completing a unique “Korean Berkshire Hathaway” model that creates synergy between insurance and investment .
Mirae Asset’s Investment Portfolio
Mirae Asset Global Investments Co., Ltd. Currently holds investments in Berkshire Hathaway Inc., representing 0.30% of its portfolio, with a total value of 22.72, 150.16, and 22.70 .
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