Samsung Life Insurance Co Ltd
KRX:032830

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Samsung Life Insurance Co Ltd Logo
Samsung Life Insurance Co Ltd
KRX:032830
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Price: 159 200 KRW -1.73% Market Closed
Market Cap: 31.8T KRW

Samsung Life Insurance Co Ltd
Investor Relations

Samsung Life Insurance Co Ltd, a prominent player in the insurance industry, emerged from South Korea's dynamic economic landscape in 1957. As an integral part of the Samsung Group, the company harnesses the vast resources and technological prowess of one of the world's largest conglomerates to position itself at the forefront of the life insurance market. The company thrives on offering a comprehensive range of life and health insurance products designed to meet diverse consumer needs. This portfolio spans term life insurance, whole life insurance, and varied health policies. The company's operations are structured around managing risk pools, wherein they collect premiums from policyholders and, in return, provide financial coverage for events like accidents, illnesses, or death. The premiums collected are judiciously invested in a diversified portfolio that includes stocks, bonds, and real estate, thus ensuring not only the fulfillment of policy obligations but also providing a steady stream of revenue.

Central to Samsung Life Insurance's success is its ability to adapt and innovate within a highly competitive industry. The company leverages modern technology and robust data analytics to refine risk assessment and improve underwriting processes, thereby maintaining its financial strength and stability. It focuses on nurturing long-term customer relationships through easy-to-access digital platforms and personalized services, ensuring customer retention and trust. Moreover, Samsung Life extends its influence through strategic partnerships and alliances to expand its product offerings and reach new markets globally. These strategies assure consistent profitability by expanding the customer base and enhancing operational efficiencies. While navigating the challenges posed by shifting regulations and evolving market demands, Samsung Life Insurance remains committed to its foundational goal—securing the financial futures of its clients with unwavering integrity and reliability.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

CSM Growth: Samsung Life’s new business CSM reached KRW 2.3 trillion year-to-date, with health CSM up 23.9% year-over-year, driving robust growth.

Profit Increase: Net profit attributable to controlling shareholders rose 3.7% year-over-year to KRW 2,117.1 billion, supported by strong insurance service profits and investment gains.

Capital Strength: The K-ICS ratio improved to 193%, up 6 percentage points from Q2, maintaining industry-leading capital adequacy.

Dividend Policy: Dividend payouts from Samsung Electronics share disposals will be handled separately from ordinary dividends, but the specific payout level has not yet been defined.

Private Credit Exposure: Exposure to private credit remains minimal despite the acquisition of Hayfin; any increase will be limited and tightly managed.

Stable Outlook: Management expects similar investment gains in Q4 and 2026, assuming current market conditions persist, with no significant disposals planned.

Claims & Losses: Negative operating variance in claims is mainly due to legacy policies; full-year CSM adjustments are expected to be similar to last year.

Key Financials
New Business CSM
KRW 2.3 trillion
Health CSM
KRW 1,751.7 billion
New Business CSM Margin (Health Policies)
16.8x
New Business CSM Margin (Overall)
11.5x
CSM Balance
KRW 14 trillion
Net Profit Attributable to Controlling Shareholders
KRW 2,117.1 billion
K-ICS Ratio
193%
Exclusive Financial Consultants
42,000
Loss-Making Contracts (New Policies, Q3)
KRW 20 billion
Loss-Making Contracts (In-Force, Q3)
KRW 50 billion
Other Earnings Calls

Management

Mr. Wonhak Hong
CEO & Internal Director
No Bio Available
Mr. Kyung-Bok Lee
Chief of Financial Affairs Team & Executive Director
No Bio Available
Jun-Kun Lee
Internal Accounting Control System Officer
No Bio Available
In Hwan Kim
Head of Investor Relations
No Bio Available
Jong Wook Jung
Chief Legal & Compliance Officer and MD
No Bio Available
Mr. Chang-Woo Byun
Marketing Division Head and Senior Vice President
No Bio Available
Mr. Jong-Guk Shim
Vice President of Sales Division
No Bio Available
Hyan Ho Kim
Executive Vice President of Corporate Planning & Management Division
No Bio Available
Mr. Young Soo Cha
Asset Management Division Head & SVP
No Bio Available
Mr. Sang-Mook Lee
VP & Head of Planning Division
No Bio Available

Contacts

Address
SEOUL
Seoul
11, Seocho-daero 74-gil, Seocho-gu
Contacts