농협손보, 기본 대비 3500억 웃도는 보완자본…당국 기조와 엇박자

NH Insurance's growing reliance on supplementary capital contradicts financial regulators' shift toward core capital-focused solvency management. While current solvency metrics show improvement, this reflects interest rate effects rather than structural capital strengthening, exposing the insurer to potential vulnerabilities if rates decline.