Samsung Fire & Marine Insurance (000810) Q3 2025 earnings summary

Executive summary

• Net profit for 3Q FY2025 reached 1.78tn KRW, supported by strong investment gains despite a decline in insurance profits year-over-year.

• Insurance revenue for FY25 Q3 reached KRW 13.66 trillion, with net income at KRW 1.46 trillion (separate basis).

• Total assets stood at KRW 88.1 trillion, and the solvency ratio (K-ICS) was 275.92% at the end of September 2025.

• The company maintained the highest credit ratings domestically and internationally, reflecting strong capital, market dominance, and risk management.

Financial highlights

• Consolidated revenue for the period was KRW 18.70 trillion, with consolidated net income at KRW 1.79 trillion.

• Insurance profit for 3Q was 370bn KRW, down 22.4% year-over-year; investment profit for 3Q was 332bn KRW, up 25.8%.

• Investment income for the period was KRW 1.76 trillion, with a 3.14% return on operating assets.

• Earnings per share (EPS) for the period: KRW 41,956 (consolidated), KRW 34,420 (separate).

• Insurance revenue for 3Q was 4.72tn KRW, up 7.3% year-over-year.

Outlook and guidance

• Plans for progressive increase in shareholder return and stable DPS growth, with annual treasury share cancellation of 2.5-3.0% over four years.

• The company targets a 50% dividend payout ratio by FY28 and plans to reduce treasury shares to below 5% by 2028.