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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Fire & Marine Insurance Co., Ltd.    A000810   KR7000810002

SAMSUNG FIRE & MARINE INSURANCE CO., LTD

(A000810)
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Samsung Fire & Marine Insurance : 4Q Net Profit Plunged

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02/19/2020 | 08:11am EDT

By Kwanwoo Jun

Samsung Fire & Marine Insurance Co.'s fourth-quarter net profit--based on standalone earnings results--plunged 85% on year due to rising loss ratios and falling investment yields.

Net profit for the quarter ended Dec. 31 was 23.37 billion Korean won ($19.6 million) compared with KRW154.32 billion in the same quarter a year earlier, the South Korean insurer said Wednesday. It missed a FactSet consensus forecast of KRW114.50 billion.

Revenue during the quarter rose 4.2% on year to KRW4.728 trillion, while operating profit dropped 76% on year to KRW55.11 billion.

For the whole year of 2019, revenue gained 3.3% to KRW18.839 trillion while both operating profit and net profit fell 40% to KRW914.41 billion and 42% to KRW609.23 billion, respectively.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

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Financials (KRW)
Sales 2019 18 056 B
EBIT 2019 1 016 B
Net income 2019 691 B
Debt 2019 -
Yield 2019 4,76%
P/E ratio 2019 10,9x
P/E ratio 2020 9,95x
Capi. / Sales2019 382x
Capi. / Sales2020 373x
Capitalization 6 890 B
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Technical analysis trends SAMSUNG FIRE & MARINE INSU
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Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 173 000,00  
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Young-Moo Choi Chief Executive Officer & Director
Sang-Mok Lee Managing Director & Head-IT Strategy Team
Beom Lee Director
Dong-Geun Cho Independent Director
Dae-Dong Park Independent Director
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