[Click eStock] "Samsung Life Insurance, Active Shareholder Return Policy Disclosure Expected... 'Target Price Maintained'"

DB Financial Investment evaluated on the 19th that Samsung Life Insurance is expected to announce an active shareholder return policy in the future. They maintained a 'Buy' investment rating and a target price of 128,000 KRW.

Samsung Life Insurance recorded a net profit of 453.5 billion KRW in the second quarter of this year on a separate basis, marking a 618.9% increase compared to the same period last year. Lee Byung-geon, a researcher at DB Financial Investment, analyzed, "Overall, profitability has improved, turning the business performance variance, which was negative in the same period last year, into positive. Investment gains, mainly from financial assets (FVPL), also improved due to favorable capital market conditions."

Recently, Samsung Life Insurance set a mid-to-long-term shareholder return rate target of 50%. Regarding this, the researcher commented, "Although it is unfortunate that the schedule for the value-up announcement has not been finalized due to many internal matters to review, raising the shareholder return target from the previous 35-45% to 50% and setting the timeline within 3 to 4 years is sufficiently positive."

He added, "The dividend per share (DPS) forecast has been raised from 4,400 KRW to 4,600 KRW, and it is expected that a more active shareholder return policy announcement will be possible once the institutional improvements are confirmed."

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