Asia300

Samsung Life Insurance Co., Ltd.

South Korea

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 24, 2017
Prev close: 128,000
Jul 24, 2017
Market cap:
Market cap(USD):
25,600B
22,980.25M
Shares: 200M

Currency in KRW

Company profile

Market(Ticker): KRX(032830)
Sector:
Industry:
Finance
Life/Health Insurance
Full time employees: --

Business summary

Samsung Life Insurance Co., Ltd. engages in the life insurance and financial services business. The Company operates its businesses through following divisions: insurance, loan, corporate pension, fund and trust. It conducts its business within domestic market and to overseas market. The company was founded on April 4, 1957 and is headquartered in Seoul, South Korea.

Company background

Samsung Life Insurance is South Korea's largest life insurer. It was founded as Dongbang Life in 1957 and merged with the Samsung group in 1963. The company holds a prominent position in the capital structure of Samsung group. Samsung C&T, the de facto holding company of Samsung Life Insurance, is the insurer's largest shareholder. Samsung Life Insurance is the largest shareholder in Samsung Electronics, the core company of the Samsung group.

The group is expected to promote the realignment of affiliated companies to streamline the complicated capital ties within the group and strengthen the founding family's control.

Many market participants are closely watching how the makeup of Samsung Life Insurance's shareholders and investments will change.

It is likely that Samsung Life Insurance will be forced to review its investment in Samsung Electronics.

South Korea's principle of separating industrial and financial capital restricts investments in the manufacturing industry by the finance industry.

Samsung Life Insurance's holding of Samsung Electronics' stocks currently falls within the allowable range. But discussions often arise about whether shareholding limits should be lowered further.

The slow growth of South Korea's economy is spurring a decline in interest rates. Domestic assets account for more than 90% of Samsung Life Insurance's asset management as of 2015. By category, bonds account for roughly 60%. The company is significantly affected by domestic interest rates and prone to negative yields.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 27,947.94B
Gross profit --
Operating income 1,221.58B
Income before tax 2,240.62B
Net income 2,054.26B
EBITDA --
Diluted EPS 11,407
Dividends per share 1,200
Total assets 264,591.45B
Total liabilities 236,283.00B
Total equity 26,644.23B
Operating cash flow 4,757.09B

Currency in KRW

Revenue 24,089.11M
Gross profit --
Operating income 1,052.91M
Income before tax 1,931.25M
Net income 1,770.63M
EBITDA --
Diluted EPS 9.83
Dividends per share 1.03
Total assets 219,068.91M
Total liabilities 195,630.89M
Total equity 22,060.13M
Operating cash flow 4,100.27M

Currency in USD

Valuation measures

Dec 2016

PER 9.86
ROA 0.83%
ROE 8.16%
Operating margin 4.37%
Profit margin 7.35%

Key executive

  • President, Chief Executive Officer & Director: Chang-Soo Kim
  • Managing Director & Head-Finance: Kyung-Bok Lee
  • Chief Compliance Officer: Woo-Jung Suh
  • Vice President: Shin-Hyung Choi
  • Vice President & Head-Management Support: Young-Bin Lim

Share holders

  • LEE KUN HEE(20.7%)
  • Samsung C&T Corp.(19.3%)
  • Samsung Life Insurance Co., Ltd.(10.2%)
  • E-Mart, Inc.(5.8%)
  • National Pension Service of Korea(5.0%)
  • Samsung Foundation of Culture(4.6%)
  • Shinsegae Co., Ltd.(2.1%)
  • Samsung Life Public Welfare Foundation(2.1%)
  • CJ CheilJedang Corp.(1.4%)
  • Comgest S.A.(1.3%)

Address

  • Website: http://www.samsunglife.com
  • Address: 11 Seocho-daero 74-gil, Seocho-gu, Seoul, 06620, South Korea
  • Phone: +82.2.751.8157

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