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

Executive summary

• Achieved a significant turnaround in earnings for 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 the first Korean private company to reach this level.

• Maintained industry-leading solvency and credit ratings, with S&P AA and A.M.Best A++ for 11 and 15 consecutive years, respectively.

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

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.

• Investment yield for H1 was 3.5%, with investment profit on AUM at KRW 1,749.8 billion, up 16.3% year-over-year.

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

Outlook and guidance

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

• Will continue to diversify portfolio, especially in specialty and marine insurance, expand global market presence, and focus on digital transformation.

• Targeting a 50% dividend payout ratio by FY2028; no new share buyback plans, with treasury shares to be reviewed before 2027.