Below are the financial statements of Samsung Fire & Marine Insurance, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of KRW | 2024 | 2023 | 2022 |
---|---|---|---|
Assets | — | — | — |
Cash and deposits | 3,107,104.19a | 1,741,176.01a | 1,519,118.62a |
Financial assets measured at FVTPL | 11,459,303.12a | 10,351,505.45a | 0a |
Financial assets at fair value through profit or loss("FVTPL") | 0a | 0a | 3,076,783.05a |
Financial assets at fair value through other comprehensive income("FVOCI") | 37,024,626.42a | 37,733,033.57a | 0a |
Available-for-sale financial assets | 0a | 0a | 36,995,024.14a |
Financial assets measured at amortized cost | 1,725,492.52a | 1,721,733.61a | 0a |
Held-to-maturity financial assets | 0a | 0a | 6,699,782.3a |
Loans measured at amortized cost | 27,067,564.62a | 27,822,027.73a | 0a |
Loans | 0a | 0a | 26,748,867.16a |
Other receivables at amortized cost | 890,298.13a | 838,545.27a | 0a |
Other receivables | 0a | 0a | 828,438.85a |
Investments in associates | 701,492.24a | 604,619.44a | 567,459.05a |
Derivative assets | 57,965.74a | 129,293.69a | 172,626.81a |
Insurance contract assets | 6.53a | 2.66a | 92.34a |
Reinsurance contract assets | 1,692,330.83a | 1,576,478.34a | 1,627,353.8a |
Investment properties | 1,586,786.85a | 1,227,113.24a | 1,242,328.69a |
Property and equipment | 1,360,394.83a | 613,906.9a | 600,327.5a |
Intangible assets | 247,033.33a | 265,280.99a | 246,635.35a |
Non-current assets scheduled for sale | 0a | 0a | 0a |
Right-of-use assets | 109,735.93a | 153,434.54a | 170,816.49a |
Net defined benefit asset | 85,733.8a | 137,145.94a | 203,506.3a |
Current tax assets | 1,804.97a | 135.9a | 2,329.41a |
Deferred tax assets | 18,659.65a | 15,594.46a | 6,181.81a |
Other assets | 133,158.86a | 88,002.23a | 88,338.78a |
Separate account assets | 0a | 0a | 0a |
Total assets | 87,269,492.54a | 85,019,029.99a | 80,796,010.44a |
Liabilities | — | — | — |
Insurance contract liabilities | 51,787,661.05a | 51,776,856.12a | 51,737,521.73a |
Reinsurance contract liabilities | 0a | 0a | 0a |
Financial liabilities | 15,344,067.96a | 13,236,155.49a | 13,853,813.52a |
Lease liabilities | 104,357.04a | 149,108.4a | 171,528.64a |
Derivative liabilities | 1,062,261.65a | 343,482.97a | 273,449.81a |
Provisions | 59,337.48a | 69,317.8a | 67,910.65a |
Current tax liabilities | 260,526.83a | 25,911.4a | 266,780.69a |
Deferred income tax liabilities | 2,210,904.49a | 2,528,918.58a | 1,231,871.24a |
Other liabilities | 838,161.29a | 744,880.95a | 669,661.43a |
Non-current liabilities scheduled for sale | 0a | 0a | 0a |
Special account liabilities | 0a | 0a | 0a |
Total liabilities | 71,667,277.79a | 68,874,631.71a | 68,272,537.72a |
Capital | — | — | — |
Equity attributable to owners of the group | 15,567,056.12a | 16,114,211.78a | 12,495,527.78a |
Share capital | 26,473.42a | 26,473.42a | 26,473.42a |
Capital surplus | 939,233.35a | 939,233.35a | 939,233.35a |
Capital adjustment | -1,487,219.92a | -1,487,219.92a | -1,487,219.92a |
Accumulated other comprehensive income | 2,418,199.56a | 4,356,547.26a | 1,971,563.59a |
Retained earnings | 13,670,369.71a | 12,279,177.68a | 11,045,477.35a |
Regulatory reserve for loan loss (Amount expected to transfer to reserve) | 1,002.71a | 78,169.96a | 2,757.09a |
Regulatory reserve for loan loss (Beginning balance) | 169,242.89a | 247,412.85a | 250,169.94a |
Catastrophe reserve (Amount expected to transfer to reserve) | 171,962.63a | 97,132.67a | 111,225.77a |
Catastrophe reserve (Beginning balance) | 2,669,398.06a | 2,572,265.39a | 2,461,039.62a |
Surrender value reserve (Amount expected to transfer to reserve) | 1,033,087.16a | 1,180,012.14a | 0a |
Non-controlling interests | 35,158.63a | 30,186.5a | 27,944.93a |
Total equity | 15,602,214.75a | 16,144,398.28a | 12,523,472.71a |
Total capital and liabilities | 87,269,492.54a | 85,019,029.99a | 80,796,010.44a |
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