Samsung Life Insurance said on the 20th that last year's net income was 2.3028 trillion won, up 9.3% from a year earlier. Insurance profit was 975 billion won, and investment profit was 2.022 trillion won.
The contractual service margin (CSM), a future revenue indicator, was tallied at 13.2 trillion won at the end of last year. New business CSM last year was 3.0595 trillion won, and health insurance CSM was 2.301 trillion won.
Dividends were set at 5,300 won per common share. That is an 18% increase from a year earlier. Samsung Life Insurance is targeting a 50% medium-term shareholder return ratio. At a corporate briefing that day, Samsung Life Insurance said, "When deciding the dividends, we included the profit from the sale of Samsung Electronics equity that occurred in February last year as a source for dividends," and added, "There is no change to this plan going forward."
The risk-based capital ratio, a soundness indicator, was 198%. Managed assets stood at 247 trillion won at the end of last year.
Exclusive agents numbered about 43,000, increasing by more than 5,000 over the year to maintain the industry's largest scale. Of total new business CSM, 85.4% came from the exclusive channel.