Samsung Life and Samsung Fire Widen Lead Over Rivals Amid Insurance Sector Downturn
Samsung Life and Samsung Fire posted robust net profits above 2 trillion won in 2025, widening their lead over rivals despite a challenging insurance market, driven by product expansion and overseas growth.
Samsung Life Insurance shares surged after reports that Samsung's financial affiliates are considering acquiring a significant stake in Dunamu, operator of Upbit, though Samsung Life denied ongoing talks.
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KOSPI Surges Past 4,800 for First Time Ever—Samsung Life Soars
South Korea's KOSPI index broke the 4,800 mark for the first time ever, driven by gains in Samsung Electronics and Samsung Life, amid strong global risk appetite and robust AI chip demand.
Samsung Life Insurance CEO Hong Won-hak announced plans to transform the company into a life care integrated financial platform, emphasizing qualitative growth, AI-driven innovation, and a customer-first approach in his New Year's address.
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[New Year's Address]Hong Won-hak, CEO of Samsung Life Insurance, Outlines Transition to Life Care Platform
Samsung Life Insurance CEO Hong Won-hak announced plans to transform the company into a life care integrated financial platform, emphasizing qualitative growth, AI-driven innovation, and a customer-first approach in his New Year's address.
Samsung Life Insurance has been named the top insurer in the Ministry of Employment and Labor's 2025 retirement pension provider evaluation, leading the sector with 51 trillion won ($38.5 billion) in reserves and top-tier returns for DC and IRP products.
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Samsung Life Insurance Named Top Insurer in 2025 Retirement Pension Provider Evaluation
Samsung Life Insurance has been named the top insurer in the Ministry of Employment and Labor's 2025 retirement pension provider evaluation, leading the sector with 51 trillion won ($38.5 billion) in reserves and top-tier returns for DC and IRP products.
South Korea’s FSS ends non-standard accounting for life insurers, with NICE Investors Service saying the move will have limited impact on Samsung Life’s credit rating as 13 trillion won in liabilities is likely to be reclassified as capital.
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NICE Investors Service Says End of Non-Standard Accounting Has Limited Impact on Samsung Life's Credit Rating
South Korea’s FSS ends non-standard accounting for life insurers, with NICE Investors Service saying the move will have limited impact on Samsung Life’s credit rating as 13 trillion won in liabilities is likely to be reclassified as capital.
The Financial Supervisory Service has ended exceptional accounting practices for life insurers such as Samsung Life, requiring full IFRS 17 compliance from 2025 and eliminating regulatory exceptions for participating policyholder liabilities.
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FSS Concludes End to 'Exceptional Accounting' in Life Insurance Sector
The Financial Supervisory Service has ended exceptional accounting practices for life insurers such as Samsung Life, requiring full IFRS 17 compliance from 2025 and eliminating regulatory exceptions for participating policyholder liabilities.
South Korea's Financial Supervisory Service has ended the use of exceptional accounting for life insurers, requiring firms like Samsung Life to fully comply with IFRS 17 standards and reclassify policyholder portions as liabilities or capital.
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FSS Concludes End to 'Exceptional Accounting' Practices in Life Insurance Sector
South Korea's Financial Supervisory Service has ended the use of exceptional accounting for life insurers, requiring firms like Samsung Life to fully comply with IFRS 17 standards and reclassify policyholder portions as liabilities or capital.
South Korea's insurance sector faces declining core business profitability under IFRS 17, with firms increasingly relying on volatile investment income to offset losses, prompting a renewed focus on strengthening insurance fundamentals and long-term stability.
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[Lee Yun-gu's Free Kicks] Insurance Core Business Under Pressure
South Korea's insurance sector faces declining core business profitability under IFRS 17, with firms increasingly relying on volatile investment income to offset losses, prompting a renewed focus on strengthening insurance fundamentals and long-term stability.
Samsung Life Insurance and Samsung Fire & Marine Insurance promoted a combined 20 executives, highlighting a merit-based approach and verified expertise to strengthen long-term corporate value and market leadership.
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Samsung Life and Samsung Fire & Marine Promote 20 Executives—Competence and Expertise Verified
Samsung Life Insurance and Samsung Fire & Marine Insurance promoted a combined 20 executives, highlighting a merit-based approach and verified expertise to strengthen long-term corporate value and market leadership.
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