Samsung Life and Fire & Marine Achieve Solid Results with 1.3% Discount Block Deal of Samsung Electronics Shares

The block deal price for Samsung Electronics shares held by Samsung Life Insurance and Samsung Fire & Marine Insurance was set at 55,000 won on February 12, 2025. This represents a discount of approximately 1.3% compared to the closing price of 55,700 won on the reference date, February 11, 2025. The solid demand from institutional investors is seen as a key factor supporting this transaction.

Samsung Life Insurance announced that it sold around 4.25 million shares of Samsung Electronics for 233.7 billion won in an off-hours transaction before the market opened on this day. Samsung Fire & Marine Insurance disclosed that it sold approximately 740,000 shares for 40.8 billion won. The per-share price was 55,000 won, reflecting a discount rate of 1.32%.

Both Samsung Life Insurance and Samsung Fire & Marine Insurance plan to use the funds raised through the block deal for dividend payouts. Koo Youngmin, CFO of Samsung Fire & Marine Insurance, stated during a conference call following the earnings announcement on this day, "We will consider including these proceeds as dividend resources, taking into account past precedents."