Tongyang Life Insurance Q2 operating profit surges 109.8% on-year

Tongyang Life Insurance disclosed Monday that its second-quarter consolidated operating profit rose 109.81 percent year-on-year to 86.84 billion won ($59.2 million).

Revenue for the same period climbed 25.74 percent to 1.38 trillion won.

Net profit for the period came to 66.91 billion won, up 84.73 percent, according to preliminary figures.