1. What Happened in H1 2025?
Samsung Fire & Marine Insurance reported robust insurance revenue growth in H1 2025. Growth was observed across general insurance, auto insurance, and long-term insurance, maintaining a high level of financial soundness. However, the 46.35% year-over-year increase in general insurance service costs is a point of concern.
2. Why These Results?
Strengths: High market share and the growth of the domestic non-life insurance market supported Samsung Fire & Marine Insurance’s solid performance. Weaknesses: The increase in insurance service costs could be attributed to rising loss ratios, intensifying competition, or other cost increases. Opportunities: Continued growth in the domestic market and potential overseas expansion are positive factors. Threats: Intensifying competition in domestic and international markets could pressure profitability. Furthermore, investment returns are expected to be highly susceptible to macroeconomic variables.
3. What’s Next and What Should Investors Do?
Samsung Fire & Marine Insurance’s future stock price will depend heavily on solutions for rising insurance service costs, investment strategies, and market risk management plans. Investors should carefully review these factors, analyze performance changes after the introduction of IFRS 17, and examine long-term growth strategies before making investment decisions. Monitoring macroeconomic indicators is also crucial.