The view of the 삼성화재 headquarters./Courtesy of 삼성화재

Samsung Fire & Marine Insurance will expand its shareholder return rate to 50% by 2028 and reduce the proportion of treasury stock to below 5%, participating in the government value-up program.

Samsung Fire & Marine Insurance noted, "We will enhance the sustainability and predictability of our shareholder return policy," reporting this to the board and disclosing related information on the 31st.

Samsung Fire & Marine Insurance has selected the solvency ratio (K-ICS) and return on equity (ROE) as key indicators for value-up, managing the K-ICS ratio at around 220% and setting the ROE target at 11% to 13%.

In this announcement, Samsung Fire & Marine Insurance revealed its implementation plan centered on the slogan "Strengthening the fundamentals of the business and growing together with shareholders," expanding shareholder returns, enhancing core competitiveness, securing new growth engines, and increasing social value.

A representative from Samsung Fire & Marine Insurance stated, "Starting with the disclosure of the value-up plan, we will actively communicate with investors and the market to enhance shareholder value."