Samsung Life Insurance announced on the 20th that its net profit for the last year was 2.168 trillion won, approximately a 11.2% increase compared to the previous year.
Samsung Life Insurance noted that the increase in dividend income and the decrease in liability burden due to declining interest rates contributed to this performance, adding that "investment profits also improved significantly compared to the previous year."
The new contract insurance contract margin (CSM) stood at 3.3 trillion won. The proportion of health products among the new contract CSM recorded 58%, an increase of 21 percentage points compared to the previous year. The held CSM is 12.9 trillion won.
The number of exclusive agents increased by 5,570 compared to the beginning of the year, totaling 37,313.
Samsung Life Insurance decided on a dividend of 4,500 won per share, the highest level in its history, based on profit growth.
Samsung Life Insurance stated, "We aim for a shareholder return rate of 50% and will gradually push for an increase."