Samsung Fire's Q3 net profit rises 13.7% YoY

Meanwhile, insurance profit dipped 7.7% YoY.

Samsung Fire & Marine Insurance’s third quarter (Q3 2024) net profit jumped 13.7% year-on-year (YoY) to $1.33b (KRW1.87t), driven by “stable long-term insurance profit and strong investment returns.”

The quarter’s insurance profit dipped 7.7% YoY to $1.21b (KRW1.7t), whilst investment profit more than doubled to $556.14m (KRW783.3b).

Meanwhile, the number of customers minimally increased 760,000 to 12.57 million.

($1.00 = KRW1403.18)