Samsung Fire & Marine Insurance Co Ltd

Common Name

Samsung Fire & Marine Insurance

Country

South Korea

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

5,347

Ticker

000810

Exchange

KOREA EXCHANGE

Website

www.samsungfire.com

Description

Samsung Fire & Marine Insurance Co., Ltd. is a major player in the insurance industry, offering a variety of services primarily centered around risk management and financial protection. The firm provi... Show more

Financial Statements of Samsung Fire & Marine Insurance

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in billions of KRW	2024	2023	2022
Insurance service result	1,818.32^a	1,936.08^a	1,538.85^a
Insurance operating income	17,823.22^a	17,020.05^a	16,040.47^a
Insurance revenue	17,276.46^a	16,485.95^a	15,221.3^a
Reinsurance revenue	519.69^a	511.05^a	799.59^a
Other operating income	27.06^a	23.04^a	19.58^a
Premium income IFRS4	0^a	0^a	0^a
Reinsurance income IFRS4	0^a	0^a	0^a
Other insurance operating income IFRS4	0^a	0^a	0^a
Insurance operating expenses	-16,004.9^a	-15,083.97^a	-14,501.62^a
Insurance service expenses	-14,508.65^a	-13,481.86^a	-13,068.41^a
Reinsurance expenses	-1,266.73^a	-1,215.57^a	-1,018.79^a
Other business expenses	-229.51^a	-386.55^a	-414.42^a
Claims paid and refund of insurance policies IFRS4	0^a	0^a	0^a
Reinsurance expenses IFRS4	0^a	0^a	0^a
Other insurance operating expenses IFRS4	0^a	0^a	0^a
Investment gains and losses	831.28^a	421.2^a	505.81^a
Investment income	4,833.75^a	3,804.65^a	3,570.83^a
Insurance finance income from insurance contracts issued recognized through profit or loss	136.58^a	184.16^a	227^a
Reinsurance finance income from reinsurance contracts held recognized through profit or loss	123.32^a	99.35^a	116.73^a
Interest income	2,251.53^a	2,104.56^a	1,968.1^a
Dividend income	160.1^a	144.15^a	366.89^a
Gain from financial assets measured at FVTPL	402^a	310.8^a	0^a
Gain on financial assets at FVTPL	0^a	0^a	60.56^a
Gain from financial assets measured at FVOCI	13.76^a	11.89^a	0^a
Gain on available-for-sale (AFS) financial assets	0^a	0^a	126.77^a
Gain on financial assets at amortized cost	1.08^a	1.21^a	0^a
Gains on loans and receivables	0^a	0^a	0.05^a
Gain on valuation and sale of derivative instruments	25.9^a	138.2^a	164.06^a
Reversal of impairment losses of financial assets	19.6^a	38.55^a	0^a
Reversal of impairment losses	0^a	0^a	0.07^a
Gain on foreign exchange transactions	1,130.85^a	368.53^a	425.89^a
Other investment income	569.03^a	403.26^a	114.72^a
Investment expenses	-4,002.47^a	-3,383.45^a	-3,065.02^a
Insurance finance expenses from insurance contracts issued recognized through profit or loss	-1,548.59^a	-1,601.51^a	-1,797.57^a
Reinsurance finance expenses from reinsurance contracts held recognized through profit or loss	-48.76^a	-53.05^a	-73.97^a
Interest expense	-457.19^a	-445.16^a	-301.08^a
Loss from financial assets measured at FVTPL	-244.78^a	-302.11^a	0^a
Loss on financial assets recognized at FVTPL	0^a	0^a	-47.29^a
Loss from financial assets measured at FVOCI	-247.17^a	-278.12^a	0^a
Loss on AFS financial assets	0^a	0^a	-115.55^a
Loss on financial assets at amortized cost	-0.88^a	-0.73^a	0^a
Loss on loans and receivables	0^a	0^a	-0.2^a
Loss on valuation and sale of derivative instruments	-1,069.19^a	-396.85^a	-351.56^a
Additional impairment losses of financial assets	-148.82^a	-19.26^a	0^a
Additional impairment losses	0^a	0^a	-44.31^a
Investment management expenses	-69.06^a	-63.6^a	-51.57^a
Loss on foreign exchange transactions	-85.91^a	-147.21^a	-215.84^a
Other investment losses	-82.12^a	-75.85^a	-66.08^a
Separate account gains and losses	0^a	0^a	0^a
Separate account commission	0^a	0^a	0^a
Separate account income	0^a	0^a	0^a
Separate account commission paid	0^a	0^a	0^a
Separate account expenses	0^a	0^a	0^a
Operating profit	2,649.6^a	2,357.28^a	2,044.66^a
Non-operating revenues	120.18^a	118.67^a	55.89^a
Non-operating expenses	-25.23^a	-29.37^a	-29.74^a
Profit before income tax	2,744.55^a	2,446.58^a	2,070.82^a
Income tax expenses	-667.75^a	-624.97^a	-533.82^a
Profit from continuing operation	2,076.8^a	1,821.61^a	1,537^a
Post-tax profit of discontinued operation	0^a	0^a	89.71^a
Profit for the year	2,076.8^a	1,821.61^a	1,626.7^a
Adjusted income after reflecting regulatory reserve for loan loss	2,075.8^a	1,899.78^a	1,629.46^a
Adjusted income after reflecting catastrophe reserve	1,904.84^a	1,724.48^a	1,515.48^a
Adjusted income after surrender value reserve	1,043.71^a	641.6^a	0^a
Profit attributable to	—	—	—
Profit attributable to owners of the parent	2,073.57^a	1,818.43^a	1,622.99^a
Profit from continuing operations attributable to equity holders of the parent	2,073.57^a	1,818.43^a	1,533.28^a
Profit from discontinued operations attributable to equity holders of the parent	0^a	0^a	89.71^a
Profit attributable to non-controlling interests	3.23^a	3.18^a	3.71^a
Profit from continuing operations attributable to non-controlling interests	3.23^a	3.18^a	3.71^a
Profit from discontinued operations attributable to non-controlling interests	0^a	0^a	0^a

Verified Sources Behind Samsung Fire & Marine Insurance’s Financial Fundamentals Data

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a. Samsung Fire & Marine Insurance's Integrated Report 2025

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Samsung Fire & Marine Insurance Co Ltd

Financial Statements of Samsung Fire & Marine Insurance

Verified Sources Behind Samsung Fire & Marine Insurance’s Financial Fundamentals Data

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