1. Q2 2025 Performance: Robust Growth and Improved Profitability

Samsung Fire & Marine Insurance reported revenue of KRW 6.8574 trillion (a 23.9% YoY increase), operating profit of KRW 811.5 billion, and net profit of KRW 637.4 billion for Q2 2025. While revenue maintained robust growth and net profit surpassed market expectations, operating profit slightly underperformed.

2. Strengths: Strong Fundamentals and Growth Momentum

  • Solid insurance revenue growth: Consistent growth in long-term insurance and strong agency sales.
  • Excellent financial health: Industry-leading Risk-Based Capital (RBC) ratio.
  • High growth in overseas business: Over 40% growth in overseas subsidiaries’ revenue.
  • Stable asset management: Consistent performance in domestic and international asset management.

3. Risks: Macroeconomic Uncertainty and Increased Competition

  • Operating profit miss: Potential for short-term stock price volatility.
  • Macroeconomic uncertainty: Geopolitical risks, high interest rates, and persistent inflation.
  • Intensifying competition: Pressure from digital insurers and competitors.
  • Exchange rate volatility: Negative impact of EUR/KRW depreciation on overseas investment returns.

4. Action Plan for Investors

Samsung Fire & Marine Insurance has strong fundamentals and growth potential. However, investors should carefully monitor the reasons behind the operating profit miss and macroeconomic factors. A long-term investment strategy with awareness of short-term volatility is recommended. Continuous monitoring of the company’s performance and business strategies is crucial.