Staff Reporter
,
South Korea
Photo courtesy of Yonhap News Agency
It climbed 27.4% to KRW1.2t.
South Korean insurer Samsung Fire & Marine saw its January to June net profits surge 27.4% year-on-year (YoY).
It reached KRW1.2t for the period, versus the KRW954b in the same period last year.
Revenues saw an 8.3% climb to KRW7.5t, whilst investment income rose 11.2% to KRW2.1t.
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However, claims and expenses saw an incremental increase of 6.3% (to KRW6.3t) and investment expenses went up 5.9% (to KRW1.8t).
Its total operating profit amounted to KRW1.6t, or 25.2% higher than the first semester of 2022.
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