Samsung Fire & Marine Insurance Second Quarter 2024 Earnings: EPS: ₩14,383 (vs ₩13,276 in 2Q 2023)

Samsung Fire & Marine Insurance (KRX:000810) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩4.64t (up 3.9% from 2Q 2023).
• Net income: ₩611.4b (up 8.3% from 2Q 2023).
• Profit margin: 13% (in line with 2Q 2023).
• EPS: ₩14,383 (up from ₩13,276 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Samsung Fire & Marine Insurance Earnings Insights

Looking ahead, revenue is expected to fall by 2.5% p.a. on average during the next 3 years compared to a 27% decline forecast for the Insurance industry in South Korea.

Performance of the South Korean Insurance industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Samsung Fire & Marine Insurance that you need to take into consideration.

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