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Samsung Fire & Marine Insurance Company Source Reference Guide

A source-led guide to Samsung Fire & Marine Insurance's official reporting, entity boundary, disclosure periods, and company reference cards.

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Published date
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Company disclosureOfficial public record
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Commercial insuranceProperty and casualty
Primary company
Samsung Fire & Marine Insurance
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Company Intelligence

Samsung Fire & Marine Insurance Company Source Reference Guide

Samsung Fire & Marine is a listed Korean P&C insurer with its own consolidated reporting and separately regulated overseas operations. Its Insurance Business Act status as a Samsung Life subsidiary does not mean Samsung Life consolidated or equity-accounted Samsung Fire: the FY2025 accounting note states no significant influence and records the shares as FVOCI.

What to read first

Samsung Fire's FY2025 results describe the Korean insurer's consolidated performance. Samsung Life's DART note establishes the accounting treatment of its shareholding, the FSC decision explains the regulatory approval, and the UK SFCR applies only to Samsung Fire & Marine Insurance Company of Europe.

Reporting perimeter and reporting period

Samsung Fire & Marine Insurance Co., Ltd. is a South Korean-listed P&C insurer with consolidated domestic and overseas operations. Its regulatory status as a Samsung Life subsidiary is distinct from Samsung Life's accounting conclusion that the shareholding creates no significant influence, consolidation or equity-method treatment.

Official sources and what they establish

FY25 Business Results / full-year results

Samsung Fire & Marine Insurance; FY2025, year ended 2025-12-31; published 2026-02-20. Samsung Fire & Marine consolidated financial statements. On the FY25 consolidated basis, insurance revenue was KRW 18,656.7 billion, insurance profit KRW 1,559.8 billion, operating profit KRW 2,773.1 billion, net profit KRW 2,020.3 billion, and net profit attributable to majority interest KRW 2,018.3 billion. Page 19 is based on consolidated financial statements.

FY2025 DART Note 9(9) on Samsung Fire Shares / ownership and accounting disclosure

Samsung Life Insurance; FY2025; treasury-share cancellation completed 2025-04-30. Samsung Life consolidated financial statements and accounting for its Samsung Fire shareholding. Samsung Fire's treasury-share cancellation was completed on 2025-04-30, and Samsung Fire became Samsung Life's Insurance Business Act regulatory subsidiary that day; Samsung Life concluded it had no significant influence, did not apply equity-method accounting, and retained the shares as FVOCI financial assets. Regulatory-subsidiary status is not accounting control or significant influence; Samsung Fire was neither consolidated nor equity-accounted by Samsung Life.

Approval of Samsung Fire Regulatory-Subsidiary Ownership / regulatory approval

Financial Services Commission Korea; Decision dated 2025-03-19. Insurance Business Act approval for Samsung Life's Samsung Fire shareholding. The FSC approved regulatory-subsidiary ownership on 2025-03-19; the planned cancellation of 1.36 million Samsung Fire treasury common shares was expected to raise Samsung Life's ordinary-share interest from 14.98% to 15.43%. The FSC decision establishes regulatory approval. The Samsung Life FY2025 DART note records the actual effective date and the separate accounting conclusion.

2024 Solvency and Financial Condition Report / regulated-subsidiary report

Samsung Fire & Marine Insurance Company of Europe; FY2024, year ended 2024-12-31. Samsung Fire & Marine Insurance Company of Europe Limited only. Under Solvency UK at 2024-12-31, the UK subsidiary reported own funds of GBP 49.717 million, a solvency capital requirement of GBP 16.297 million, SCR coverage of 305%, and a minimum capital requirement of GBP 4.074 million. These GBP Solvency UK values apply only to the UK subsidiary, not the Korean parent; policyholder domicile does not change the company's UK legal jurisdiction.

Group, legal-entity and subsidiary boundaries

Samsung Fire's Korean parent results, Samsung Life's investment accounting and the UK subsidiary's Solvency UK disclosure are separate records. Samsung Life classified its Samsung Fire shares as FVOCI after finding no significant influence, while the UK entity reports its own GBP capital position.

Interpretation notes and limitations

Regulatory-subsidiary status, accounting control and significant influence are different concepts. KRW parent results and the UK subsidiary's GBP Solvency UK figures belong to different legal, currency and reporting perimeters.

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