Samsung Fire & Marine Insurance Co., Ltd. (KRX: 000815)

Samsung Fire & Marine Insurance Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	15,868,444	15,401,493	14,355,538	18,774,734	18,928,386	18,451,863
Total Interest & Dividend Income	2,374,826	2,248,702	2,334,988	2,261,042	2,074,354	2,128,370
Gain (Loss) on Sale of Investments	371,995	312,014	187,330	216,467	201,980	151,858
Other Revenue	696,546	564,500	298,357	492,136	685,989	285,003
Total Revenue	19,311,810	18,526,708	17,176,213	21,744,380	21,890,710	21,017,093
Revenue Growth (YoY)	5.24%	7.86%	-21.01%	-0.67%	4.16%	3.87%
Policy Benefits	15,187,336	14,472,966	13,949,660	15,021,560	15,454,088	15,118,658
Policy Acquisition & Underwriting Costs	46,090	40,376	30,631	2,455,183	2,660,255	2,611,455
Amortization of Goodwill & Intangibles	-	-	-	138,053	144,957	141,943
Depreciation & Amortization	2,677	2,056	1,894	137,149	149,040	156,913
Selling, General & Administrative	139,798	78,427	140,616	555,180	517,235	555,999
Other Operating Expenses	229,171	475,587	421,678	1,168,551	882,429	922,023
Reinsurance Income or Expense	-	-	-	-122,966	-129,149	-119,406
Total Operating Expenses	15,690,066	15,376,524	14,877,676	20,422,401	20,606,202	20,209,279
Operating Income	3,621,744	3,150,184	2,298,537	1,321,978	1,284,508	807,814
Interest Expense	-495,570	-445,160	-301,081	-59,175	-40,106	-34,725
Earnings From Equity Investments	100,134	83,439	12,350	-19,957	-34,902	2,549
Currency Exchange Gain (Loss)	-56,159	221,323	210,044	304,709	-131,966	120,824
Other Non Operating Income (Expenses)	-6,628	6,158	13,628	12,727	18,183	173.61
EBT Excluding Unusual Items	3,163,521	3,015,944	2,233,478	1,560,283	1,095,717	896,635
Gain (Loss) on Sale of Investments	-467,013	-569,063	-162,842	-60,651	-68,044	-28,007
Gain (Loss) on Sale of Assets	9	-535	422	447	-32	753
Asset Writedown	43	236	-242	209	507	246
Pretax Income	2,696,560	2,446,582	2,070,817	1,500,288	1,028,148	869,628
Income Tax Expense	649,288	624,967	533,821	389,003	275,825	222,462
Earnings From Continuing Ops.	2,047,272	1,821,614	1,536,996	1,111,285	752,323	647,166
Earnings From Discontinued Ops.	-	-	89,706	13,425	4,980	-1,550
Net Income to Company	2,047,272	1,821,614	1,626,702	1,124,710	757,303	645,616
Minority Interest in Earnings	-2,847	-3,181	-3,715	-2,492	-2,315	-2,623
Net Income	2,044,426	1,818,434	1,622,987	1,122,218	754,988	642,993
Preferred Dividends & Other Adjustments	232,441	114,707	-	-	-	-
Net Income to Common	1,811,985	1,703,726	1,622,987	1,122,218	754,988	642,993
Net Income Growth	3.79%	12.04%	44.62%	48.64%	17.42%	-39.79%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
Shares Change (YoY)	-	-	-	-	-	-0.00%
EPS (Basic)	42625.40	40078.70	38179.38	26399.23	17760.46	15125.87
EPS (Diluted)	42625.40	40078.70	38179.38	26399.23	17760.46	15125.87
EPS Growth	-8.01%	4.97%	44.62%	48.64%	17.42%	-39.79%
Free Cash Flow	1,731,539	-617,059	-384,670	513,788	1,458,695	779,455
Free Cash Flow Per Share	40732.96	-14515.79	-9049.04	12086.42	34314.56	18336.02
Dividend Per Share	16000.000	16000.000	-	-	8800.000	8500.000
Dividend Growth	-	-	-	-	3.53%	-26.09%
Operating Margin	18.75%	17.00%	13.38%	6.08%	5.87%	3.84%
Profit Margin	9.38%	9.20%	9.45%	5.16%	3.45%	3.06%
Free Cash Flow Margin	8.97%	-3.33%	-2.24%	2.36%	6.66%	3.71%
EBITDA	3,858,211	3,382,693	2,584,495	1,616,575	1,603,649	1,135,166
EBITDA Margin	19.98%	18.26%	15.05%	7.43%	7.33%	5.40%
D&A For EBITDA	236,467	232,509	285,958	294,597	319,141	327,352
EBIT	3,621,744	3,150,184	2,298,537	1,321,978	1,284,508	807,814
EBIT Margin	18.75%	17.00%	13.38%	6.08%	5.87%	3.84%
Effective Tax Rate	24.08%	25.54%	25.78%	25.93%	26.83%	25.58%

Source: S&P Capital IQ. Insurance template. Financial Sources.