Samsung Fire & Marine Insurance Reports Q3 Cumulative Net Profit of 1.0222 Trillion KRW, Up 62.5% YoY

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 12th that its cumulative net profit for the third quarter reached 1.0222 trillion KRW, a 62.5% increase compared to the same period last year.

Gross written premiums amounted to 14.7291 trillion KRW, a 0.1% growth compared to the same period last year.

Automobile insurance gross written premiums were 4.408 trillion KRW, a 1.5% increase compared to the same period last year. The combined ratio, which is the sum of the loss ratio and expense ratio, decreased to 94.4% from 100.3% in the same period last year.

Long-term insurance gross written premiums were 9.0523 trillion KRW, a 1.4% decrease compared to the same period last year.

The Risk-Based Capital (RBC) ratio was 315.3%, down 4.0 percentage points compared to the same period last year.

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