Samsung Life Insurance Incorporated into Samsung Fire & Marine Insurance Subsidiary

On the 1st, the Financial Services Commission announced through the Financial Supervisory Service's electronic disclosure system that, following the 5th Financial Services Commission resolution in 2025, it has approved Samsung Life Insurance's ownership of its subsidiary Samsung Fire & Marine Insurance. The shares scheduled for cancellation are 1,363,682 common shares and 92,490 preferred shares. The cancellation date is set for the 30th of this month. The Financial Services Commission explained, "With the resolution to cancel treasury shares of Samsung Fire & Marine Insurance, as of April 30, 2025, the company's stake in Samsung Fire & Marine Insurance will increase from 14.98% to 15.43% based on common shares, and the effect of subsidiary inclusion under the Insurance Business Act will take place."

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