Samsung Life Insurance Reports Q1 Net Profit of 635.3 Billion Won, Up 2.1% Year-on-Year
Samsung Life Insurance announced on May 15 that its net profit for the first quarter of this year reached 635.3 billion won, marking a 2.1% increase compared to the same period last year.
Insurance profit amounted to 277.7 billion won, up 3.7% from 267.8 billion won in the same period last year.
Investment profit was 476.2 billion won, a decrease of 0.5% compared to 478.6 billion won in the same period last year. The asset management yield stood at 97.17%, lower than the 97.58% recorded at the end of last year.
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