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Company profile

Samsung Fire & Marine Insurance

TypeListed South Korean property and casualty insurance companyHeadquarters / anchor marketSouth KoreaLinesCommercial insuranceProperty and casualtyThemesCompany referencesInsurance groupsSource reviewLast reviewed

Samsung Fire & Marine Insurance is a listed South Korean property and casualty insurance company headquartered in South Korea. Public materials distinguish its Korean regulatory and accounting perimeter from Samsung Life and separately identify the regulated United Kingdom subsidiary.

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Business And Entity Overview

Samsung Fire & Marine Insurance Co., Ltd. is the listed Korean insurer. Its FY2025 consolidated results, Samsung Life's DART accounting note, the Korean FSC decision, and the UK subsidiary's FY2024 SFCR apply to distinct reporting and legal perimeters. Figures do not automatically transfer among the Korean parent, Samsung Life, overseas subsidiaries, branches, or other entities.

Public References

  • FY25 Business Results (year ended 2025-12-31; published 2026-02-20). On the 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. Scope: Samsung Fire & Marine consolidated financial statements. The consolidated profit-and-loss figures are reported in units of 100 million KRW and are distinct from non-consolidated insurance-service figures; the issuer's labels and unit definitions apply.
  • FY2025 DART Note 9(9) on Samsung Fire shares. Samsung Fire's treasury-share cancellation was completed on 2025-04-30, when it became Samsung Life's Insurance Business Act regulatory subsidiary. Samsung Life concluded that it had no significant influence, did not apply equity-method accounting, and retained the shares as FVOCI financial assets. Scope: Samsung Life consolidated statements and its accounting for the shareholding. Regulatory-subsidiary status is not accounting control or significant influence.
  • Approval of Samsung Fire regulatory-subsidiary ownership (decision dated 2025-03-19). The FSC approved the ownership arrangement; 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%. Scope: Insurance Business Act approval. The decision establishes approval; Samsung Life's FY2025 filing provides the effective date and accounting conclusion.
  • 2024 Solvency and Financial Condition Report. 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. Scope: Samsung Fire & Marine Insurance Company of Europe Limited only. These Solvency UK values are subsidiary-specific and must not be applied to the Korean parent.

Entity Boundary

Samsung Fire & Marine Insurance Co., Ltd. is the listed Korean insurer; consolidated figures apply only where stated. Samsung Fire became an Insurance Business Act regulatory subsidiary of Samsung Life on 2025-04-30, but Samsung Life's FY2025 consolidated financial statements found no significant influence, did not consolidate or equity-account Samsung Fire, and classified the shares as FVOCI. Overseas subsidiaries and branches remain separate legal and regulatory entities. Do not transfer Samsung group, Samsung Life, Korean parent, or UK-subsidiary metrics across entities. KRW and GBP measures, consolidated and non-consolidated labels, IFRS 17 terminology, and regulatory-versus-accounting status refer to distinct scopes.

Lines And Geographic Context

For related context, see Property and Casualty and Commercial Insurance. South Korea is the home jurisdiction; United Kingdom and other geographic figures apply only to their stated legal-entity scopes.

Interpretation Limits

Corporate identity, periodic reporting, capital or regulatory information, and public listing information apply to distinct entities, periods, and measurement bases. This page does not present a score, comparison table, or commercial recommendation.

Reader Note

Periodic figures retain their published metric labels, units, reporting periods, and entity scopes. Ratings, regulatory measures, listing records, and issuer-defined measures are contextual information, not standalone judgments about financial strength, suitability, security value, product choice, pricing, or available insurance capacity.