Samsung Life Insurance Reports Net Profit of 1.5977 Trillion KRW Last Year, Up 16.6% Year-on-Year

[Image source=Yonhap News]

[Asia Economy Reporter Seungjin Lee] Samsung Life Insurance announced on the 28th that its consolidated net profit for last year was provisionally estimated at 1.5977 trillion KRW, an increase of 16.6% compared to 2020.

Operating profit decreased by 5.0% from 2020 to 1.701 trillion KRW. Assets increased from 336.6 trillion KRW to 341.4 trillion KRW.

Samsung Life Insurance stated, "Profits increased due to improved secondary gains and losses resulting from increased dividend income."

On the same day, Samsung Life Insurance held a board meeting and resolved to pay a dividend of 3,000 KRW per common share. The total dividend amount was 538.7 billion KRW, with a dividend payout ratio of 33.7%. Last year, a dividend of 2,500 KRW per share was paid.