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Finance

Samsung Life Insurance Co., Ltd.

  • 94,300.00 KRW
  • +700.00
  • +0.75%
  • South Korea
    Aug 14, 2018
  • Ticker
    KRX(032830)
  • Prev. close
    93,600
  • Market cap (KRW)
    18,720.00B
  • Market cap (USD)
    16,596.48M
  • Shares
    200M

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.

Business Summary

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

Financial Highlights

Dec 2017 KRWUSD
Revenue28,520.81B25,228.27M
Gross Profit----
Operating income3,090.62B2,733.83M
Income before tax1,682.77B1,488.50M
Net income1,166.12B1,031.49M
EBITDA----
Diluted EPS6,4945.74
Dividends Per Share2,0001.76
Total Assets282,645.40B264,018.85M
Total liabilities251,523.83B234,948.22M
Total equity29,358.94B27,424.17M
Operating cash flow2,657.48B2,350.69M
Currency in KRWCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 17,925.12B 25,536.38B 25,355.68B 27,947.94B 28,520.81B
Gross Profit -- -- -- -- --
Operating income -1,028.12B 1,286.46B 801,469M 1,221.58B 3,090.62B
Income before tax 582,889M 1,379.80B 1,247.99B 2,240.62B 1,682.77B
Net income 586,366M 1,337.48B 1,211.23B 2,054.26B 1,166.12B
EBITDA -- -- -- -- --
Diluted EPS 4,075 7,062 6,418 11,407 6,494
Dividends Per Share 850 1,800 1,800 1,200 2,000
Total Assets 192,909.87B 214,376.48B 230,303.52B 264,591.45B 282,645.40B
Total liabilities 173,273.16B 192,091.74B 206,581.78B 236,283.00B 251,523.83B
Total equity 18,969.95B 22,204.91B 23,645.83B 26,644.23B 29,358.94B
Operating cash flow 9,973.62B 9,413.32B 5,162.33B 4,757.09B 2,657.48B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 16,373.52M 24,258.95M 22,402.90M 24,089.11M 25,228.27M
Gross Profit -- -- -- -- --
Operating income -939.13M 1,222.11M 708.13M 1,052.91M 2,733.83M
Income before tax 532.43M 1,310.77M 1,102.65M 1,931.25M 1,488.50M
Net income 535.61M 1,270.58M 1,070.17M 1,770.63M 1,031.49M
EBITDA -- -- -- -- --
Diluted EPS 3.72 6.70 5.67 9.83 5.74
Dividends Per Share 0.77 1.70 1.59 1.03 1.76
Total Assets 182,792.32M 195,038.41M 196,412.53M 219,068.91M 264,018.85M
Total liabilities 164,185.49M 174,763.89M 176,181.63M 195,630.89M 234,948.22M
Total equity 17,975.03M 20,201.89M 20,166.16M 22,060.13M 27,424.17M
Operating cash flow 9,110.30M 8,942.42M 4,561.16M 4,100.27M 2,350.69M

Valuation Measures

Dec 2017
PER19.17
ROA0.42%
ROE4.16%
Operating margin10.83%
Profit margin4.08%

Key executives

  • President, Chief Executive Officer & Director: Sung-Chul Hyun
  • Managing Director & Head-Finance: Kyung-Bok Lee
  • Head-Legal & Compliance Support: Jong-Wook Jung
  • Vice President: Shin-Hyung Choi
  • Vice President: Hak-Young Kim

Shareholders

  • LEE KUN HEE (20.7%)
  • Samsung C&T Corp. (19.3%)
  • Samsung Life Insurance Co., Ltd. (10.2%)
  • National Pension Service of Korea (6.1%)
  • E-Mart, Inc. (5.8%)
  • Samsung Foundation of Culture (4.6%)
  • Shinsegae Co., Ltd. (2.1%)
  • Samsung Life Public Welfare Foundation (2.1%)
  • Comgest SA (2.0%)
  • Samsung Life Insurance Co., Ltd. ESOA (0.8%)

Contact Details

Related Companies

  • Macquarie Central Office Corporate
  • Samsung Life Investment UK Ltd.
  • Samsung Life Insurance Co., Ltd. (Investment Portfolio)
  • Samsung Life Insurance Co., Ltd. ESOA
  • Samsung Asset Management co. LTD.
  • Samsung Card Co., Ltd

Competitors

    Last Updated on 14 Aug, 2018

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