Samsung Fire & Marine Insurance

Samsung Fire & Marine Insurance is tracked as a listed South Korean property and casualty insurance company, headquartered in South Korea. Samsung Fire & Marine adds a major Korean P&C insurer whose Insurance Business Act regulatory-subsidiary status differs explicitly from Samsung Life's accounting conclusion, alongside a separately regulated UK subsidiary perimeter.

Business And Entity Overview

Samsung Fire's FY2025 consolidated results are paired with Samsung Life's exact DART accounting note, the Korean FSC regulatory decision, and the UK subsidiary's FY2024 SFCR so each reporting and legal perimeter stays explicit. The profile is bounded to Samsung Fire & Marine Insurance Co., Ltd and the consolidated or parent scope identified by each source. It does not transfer group figures automatically to every licensed insurer, branch, brand, or other subsidiary.

Source-Reviewed Evidence

• FY25 Business Results / full-year results (FY2025, year ended 2025-12-31; published 2026-02-20). On the FY25 consolidated basis, insurance revenue was KRW 18,656.7 billion, insurance profit KRW 1,559.8 billion, operating profit KRW 2,773.1 billion, net profit KRW 2,020.3 billion, and net profit attributable to majority interest KRW 2,018.3 billion. Scope: Samsung Fire & Marine consolidated financial statements. Geography/legal jurisdiction: South Korea. Caution: Official results-library article 228 attachment reviewed; the profit-and-loss highlights are on PDF page 19 in units of 100 million KRW. Page 19 is based on consolidated financial statements. Do not mix it with page 20's non-consolidated insurance-service figures, and retain the issuer's labels and unit conversion.
• FY2025 DART Note 9(9) on Samsung Fire Shares / ownership and accounting disclosure (FY2025; treasury-share cancellation completed 2025-04-30). Samsung Fire's treasury-share cancellation was completed on 2025-04-30, and Samsung Fire became Samsung Life's Insurance Business Act regulatory subsidiary that day; Samsung Life concluded it had no significant influence, did not apply equity-method accounting, and retained the shares as FVOCI financial assets. Scope: Samsung Life consolidated financial statements and accounting for its Samsung Fire shareholding. Geography/legal jurisdiction: South Korea. Caution: Exact official DART corrected-report note 9(9) reviewed. Regulatory-subsidiary status is not accounting control or significant influence; Samsung Fire was neither consolidated nor equity-accounted by Samsung Life.
• Approval of Samsung Fire Regulatory-Subsidiary Ownership / regulatory approval (Decision dated 2025-03-19). The FSC approved regulatory-subsidiary ownership on 2025-03-19; the planned cancellation of 1.36 million Samsung Fire treasury common shares was expected to raise Samsung Life's ordinary-share interest from 14.98% to 15.43%. Scope: Insurance Business Act approval for Samsung Life's Samsung Fire shareholding. Geography/legal jurisdiction: South Korea. Caution: Official FSC decision page and attached decision 95, pages 1-3, reviewed. The FSC decision establishes regulatory approval; use the Samsung Life FY2025 DART note for the actual effective date and separate accounting conclusion.
• 2024 Solvency and Financial Condition Report / regulated-subsidiary report (FY2024, year ended 2024-12-31). Under Solvency UK at 2024-12-31, the UK subsidiary reported own funds of GBP 49.717 million, a solvency capital requirement of GBP 16.297 million, SCR coverage of 305%, and a minimum capital requirement of GBP 4.074 million. Scope: Samsung Fire & Marine Insurance Company of Europe Limited only. Geography/legal jurisdiction: United Kingdom. Caution: Official subsidiary PDF reviewed; legal and business perimeter appears on pages 12 and 15, values on pages 2, 74, and 76, and country of incorporation GB on page 78. These GBP Solvency UK values are subsidiary-only and must not be applied to the Korean parent; policyholder domicile does not change the company's UK legal jurisdiction.

Entity Boundary

Use Samsung Fire & Marine Insurance Co., Ltd. for the listed Korean insurer and consolidated scope only where stated. Samsung Fire became an Insurance Business Act regulatory subsidiary of Samsung Life on 2025-04-30, but Samsung Life's FY2025 consolidated financial statements found no significant influence, did not consolidate or equity-account Samsung Fire, and classified the shares as FVOCI. Overseas subsidiaries and branches remain separate legal and regulatory entities. Do not transfer Samsung group, Samsung Life, Korean parent, or UK-subsidiary metrics across entities. Preserve KRW versus GBP units, consolidated versus non-consolidated labels, IFRS 17 terminology, and regulatory-versus-accounting status.

Lines And Geographic Context

The reviewed source pack supports connections to Property and Casualty, Commercial Insurance. South Korea is the home-jurisdiction reference; other geographies require their own segment or legal-entity support.

Why This Profile Exists

Keeping the 4 reviewed source cards together gives readers a stable route from corporate identity to periodic reporting, capital or regulatory context, and public listing or profile evidence. The profile does not present a score, comparison table, or commercial recommendation.

Reader Note

This profile is source-led reference material. Periodic figures retain the source's metric label, unit, reporting period, and entity scope. Ratings, regulatory measures, listing records, and issuer-defined measures are contextual evidence, not standalone judgments about financial strength, suitability, security value, product choice, pricing, or available insurance capacity.