Samsung Fire & Marine Insurance (000810) Q2 2026 earnings summary

Executive summary

• Achieved KRW 1.85 tn pre-tax profit and KRW 1.37 tn net profit in 1H FY2026, driven by robust insurance and investment profit growth, with net profit up 10.1% year-over-year.

• Operating profit rose 15.2% year-over-year to KRW 1.90 tn, with insurance profit up 10.9% and investment profit up 22.0%.

• S&P Global credit rating upgraded from AA- (Stable) to AA (Stable) in July 2026.

Financial highlights

• Insurance revenue increased 5.1% year-over-year to KRW 9.68 tn, while insurance expenses rose 0.5%.

• Investment profit reached KRW 788 bn, up 22.0% year-over-year, with investment income at KRW 3.39 tn.

• Combined ratio for P&C improved, and auto insurance profit was supported by higher-quality premiums and lower accident frequency.

• Direct written premium totaled KRW 11.18 tn, up 2.9% year-over-year.

Outlook and guidance

• Focus remains on quality growth in long-term insurance and asset management, with stable capital adequacy and improved profitability across business lines.