Samsung Fire & Marine Insurance reported a record semi-annual pre-tax profit of 1,850.8 billion won, up 10.9% year-over-year, driven by strong insurance and investment performance. Insurance profit increased 10.9% to 1,114.5 billion won, while investment profit surged 22% to 788 billion won, supported by higher-yielding assets and stock market gains. S&P upgraded the company's credit rating to AA, making it the first and only Korean private company to achieve this status. Total contractual service margin grew by 427.1 billion won year-to-date to 14,594.7 billion won, indicating strong future profit potential. The company also highlighted a turnaround in auto insurance to a quarterly profit of 29.6 billion won and an 80.7 billion won increase in property and casualty insurance profit.
Samsung Fire & Marine InsuranceRecord first-half profit driven by insurance and investment gains, plus S&P credit rating upgrade to AA.
