Samsung Hwajae announced its Q2 results on the 18th. According to the report, both the insurance and investment divisions showed better performance than the same period last year. In particular, the net profit of operating shareholders increased to 7 billion 3,777 million won, recording a result that is 12.7% higher than the average forecast.
In the insurance division, the long‑term rate adjustment led to a reduction in underwriting costs of 36.1 billion won, resulting in an increase of 5 billion 5,280 million won in underwriting profit. This figure represents a 17.1% rise over the prior quarter and the investment division grew by 20.9% compared with the preceding period, greatly boosting investment profits.
Researcher Jeongmin Ki said that “Samsung Hwajae’s Q2 performance aligns with industry best‑in‑class levels, and its capital premium is expected to expand.” He added that the long‑term rate adjustment and the valuation and division of securities in the investment division were key drivers of the improved results.
He further noted that the end‑of‑Q2 payout capacity (K‑ICS) ratio stands at 283%, maintaining an industry top‑tier rating, and he expects it to influence corporate value positively as the company aims for a 50% total share‑repurchase rate in 2028.
Samsung Hwajae’s performance is expected to strengthen trust among investors and insurance customers alike, making it more attractive in the market.
(Reporter Nojeongdong, Hankyung.com)