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Samsung Life Insurance (A032830) investor relations material
Samsung Life Insurance Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Consolidated net profit for H1 2025 reached KRW1.394 trillion, up KRW26 billion year-over-year, driven by increased CSM amortization and strong health product sales.
Health new business CSM grew 27.6% year-over-year to KRW1.1 trillion, expanding market dominance in health insurance.
CSM balance rose by KRW0.8 trillion year-to-date to KRW13.7 trillion as of June 2025, reflecting quality new business and efficient contract management.
Exclusive FC agent network expanded by over 3,500 agents year-to-date, strengthening sales power and CSM growth.
Shareholders' equity increased by KRW0.9 trillion year-to-date to KRW34 trillion, supported by higher share price and robust profit generation.
Financial highlights
H1 consolidated net profit increased by KRW26 billion year-over-year to KRW1.4 trillion.
Q2 net profit was KRW759 billion, up from Q1; insurance profit for H1 was KRW831 billion, investment profit KRW1 trillion.
Investment profits declined to KRW1.021 trillion from KRW1.113 trillion year-over-year due to lower subsidiary contributions.
K-ICS ratio improved to 187% as of June 2025, up 10 percentage points quarter-over-quarter; Tier 1 capital at 142%.
Total assets as of June: KRW319 trillion; shareholders' equity: KRW34 trillion.
Outlook and guidance
Targeting end-of-year KICS ratio above 180%, maintaining capital adequacy and supporting dividend policy.
Plan to gradually increase shareholder return to 50% midterm, with payout ratio above 40% to meet tax requirements.
Focus on growing aggregate new business CSM and sustaining health product share at 85%.
Plans to enhance ROE through recurring profit growth and expand ESG management.
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