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

Executive summary

• Achieved a significant turnaround in H1 2026, with consolidated net income of KRW 1,372.3 billion and pre-tax profit of KRW 1,850.8 billion, driven by robust insurance and investment profit growth and a profit-driven strategy across all business lines.

• S&P Global upgraded the credit rating from AA- to AA (Stable) in July 2026, marking a first for a Korean private company.

• Maintained industry-leading solvency and credit ratings, with S&P AA/AA- and A.M.Best A++ for over a decade.

• Continued strong market leadership in Korea, with a 22.4% share of the non-life insurance market in Q1 2026.

• Organizational realignment and AI transformation initiatives underway to drive productivity and future growth.

Financial highlights

• Insurance profit rose 10.9% year-over-year to KRW 1,114.5 billion in H1 2026; investment profit increased 22% to KRW 788 billion.

• Pre-tax consolidated profit reached KRW 1,850.8 billion; net profit attributable to majority interest was KRW 1,372.3 billion, up 10.2% year-over-year.

• Insurance revenue for H1 2026 was KRW 9,426.8 billion; consolidated revenue was KRW 13,137.7 billion.

• Total assets at June 30, 2026: KRW 115.5 trillion; total equity: KRW 36.2 trillion.

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

Outlook and guidance

• Plans to enhance future value by focusing on insurance profit, top line recovery in health insurance, maximizing channel productivity, and stable capital adequacy.

• Targeting a 50% dividend payout ratio by FY2028, with a focus on stable cash dividends.

• Continued focus on digital transformation, overseas expansion, and risk management.