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