Disaffiliation of a First-tier Subsidiary – Form 6-K
U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT
Disaffiliation of a First-tier Subsidiary
On January 2, 2023, KB Financial Group Inc. ("KB Financial Group") disclosed that as a result of the merger between The Prudential Life Insurance Company of Korea, Ltd. ("Prudential Life Insurance") and KB Life Insurance Co., Ltd. ("KB Life Insurance"), both of which are wholly-owned subsidiaries of KB Financial Group, KB Life Insurance no longer exists as a separate entity, and therefore, disaffiliated from KB Financial Group as a first-tier subsidiary. As a reference, the total number of first-tier subsidiaries of KB Financial Group has changed from 13 to 12.
Following such merger, the surviving entity is Prudential Life Insurance, with KB Life Insurance Co., Ltd. as its new name.
KB Financial Group Inc. published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 202318:36:52 UTC.
Transamerica Unveils Financial Choice IUL
NsureHub Partners With Ladder To Make Life Insurance Easy For Its Customers
Advisor News
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
- Bank of America community event unpacks sales tax hike, small business struggles
- CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
- How executive benefits impact an estate plan
More Advisor NewsAnnuity News
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
- A new era at the Federal Reserve
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
More Annuity NewsHealth/Employee Benefits News
- Maryland health insurers want to raise premiums an average 13.7% for individual plans in 2027
- Maryland health insurance rates could rise 13.7% in 2027 under proposal
- Millions drop Obamacare health coverage after subsidies expire and costs rise
- Improving how we deliver healthcare in Idaho
- Healthcare system needs a public option
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Misr Insurance Company
- State Farm’s agency overhaul: What distribution can learn
- They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
- How much do state residents need to retire comfortably?
- How executive benefits impact an estate plan
More Life Insurance News