Key Takeaways Expansion in health insurance and exclusive distribution enhance revenue, efficiency, and net margins, driving earnings growth. Focus on shareholder returns and strategic investments in alternative assets boosts revenue, income, and financial stability amidst macro challenges.
Samsung Life Insurance Co., Ltd., together with its subsidiaries, engages in the life insurance business in South Korea and internationally. It operates through Domestic Insurance; Domestic Credit Card Service, Installment Financing and Leasing; and Overseas segments. The company offers pension, savings, life, death, life and death mixed, group insurance, and retirement pensions. insurance contracts, mortgage, secured, and home mortgage loans. It also provides credit card services, and installment financing and leasing services. In addition, the company engages in the provision of real estate lease, investment and trust management, specialized credit finance, collective and real estate collective investment vehicle, asset-backed securitization, and new technology business investment association services. It serves individuals and enterprises. The company was formerly known as Dongbang Life Insurance and changed its name to Samsung Life Insurance Co., Ltd. in July 1989. Samsung Life Insurance Co., Ltd. was founded in 1957 and is headquartered in Seoul, South Korea.
