Samsung Fire & Marine earnings see 8.2% rise YoY in H1 2024

Its customer base inched up 0.77%.

Samsung Fire & Marine Insurance’s first half (H1 2024) net profit increased by 8.2% year-on-year (YoY) to KRW1.314t, which was attributed to the company’s stable underwriting profit and strong investment returns.

Insurance profit, on the other hand, dipped 5.0% YoY to KRW1.198t. Bucking this trend, investment profit surged 48.6% YoY to KRW519t.

For the period, the company’s number of customers marginally increased (0.77%) to 12.38 million.