Samsung Life Insurance Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	-	61,435	38,587	115,620,370	89,963,180	116,378,461
Investments in Equity & Preferred Securities	2,778,401	2,571,600	2,488,597	32,577,788	44,581,992	45,637,275
Policy Loans	-	-	-	-	15,211,796	14,843,825
Other Investments	3,744,410	4,177,860	5,494,017	25,250,690	51,005,578	7,186,039
Total Investments	281,054,701	258,242,306	262,291,101	244,081,723	237,780,413	193,521,306
Cash & Equivalents	2,825	112	162	109	143	3,811,081
Reinsurance Recoverable	2,334,247	2,306,386	1,377,775	443,719	187,081	119,949
Other Receivables	46,685,692	45,936,096	45,463,004	46,804,344	41,278,219	61,866,094
Deferred Policy Acquisition Cost	-	-	-	-	2,558,048	2,512,648
Separate Account Assets	-	-	-	-	55,247,540	54,668,657
Property, Plant & Equipment	919,173	741,454	670,943	732,525	842,205	1,291,658
Goodwill	168,187	168,187	168,187	168,187	168,187	168,187
Other Intangible Assets	191,473	194,053	200,785	207,015	222,618	214,515
Other Current Assets	3,199,406	3,897,026	3,768,297	3,094,902	2,405,043	1,967,805
Long-Term Deferred Tax Assets	52,435	71,086	68,686	8,884	1,251	1,248
Long-Term Deferred Charges	201,892	199,418	200,622	187,459	205,384	270,522
Other Long-Term Assets	496,835	462,720	445,488	505,296	486,442	16,155,617
Total Assets	335,306,866	312,218,844	314,655,050	296,234,163	341,382,574	336,569,287
Accrued Expenses	728,074	1,064,505	905,743	830,910	740,846	701,228
Insurance & Annuity Liabilities	12,758,752	7,298,325	10,510,668	5,328,858	200,504,372	20,988,122
Unpaid Claims	-	-	-	-	3,806,755	2,819,388
Unearned Premiums	-	-	-	-	257,461	179,494,728
Reinsurance Payable	-	-	-	-	7,047	30,287
Current Portion of Long-Term Debt	-	-	-	-	-	3,744,157
Current Portion of Leases	-	-	-	-	-	97,880
Current Income Taxes Payable	147,122	159,764	122,161	991,417	183,012	112,548
Long-Term Debt	26,305,528	23,877,181	23,922,845	23,686,774	20,817,547	11,803,282
Long-Term Leases	-	-	-	-	-	92,094
Long-Term Deferred Tax Liabilities	5,446,892	2,718,328	7,207,328	6,356,386	8,280,452	10,175,590
Separate Account Liability	29,518,551	30,316,694	29,355,904	28,646,564	57,749,423	56,226,062
Other Current Liabilities	3,316,133	4,004,022	1,846,524	2,466,653	1,174,551	613,789
Other Long-Term Liabilities	215,297,811	209,278,315	195,768,976	185,743,890	7,761,499	5,455,777
Total Liabilities	294,382,946	279,480,913	270,317,609	254,672,143	301,757,207	292,958,653
Common Stock	100,000	100,000	100,000	100,000	100,000	100,000
Additional Paid-In Capital	118,984	118,984	118,984	118,984	118,984	125,115
Retained Earnings	20,899,778	19,419,956	17,978,086	16,912,704	17,843,821	16,823,208
Treasury Stock	-2,110,369	-2,110,369	-2,110,369	-2,110,369	-2,110,369	-2,110,369
Comprehensive Income & Other	19,843,991	13,204,116	26,351,127	24,653,995	21,859,864	26,956,796
Total Common Equity	38,852,384	30,732,687	42,437,828	39,675,314	37,812,300	41,894,750
Minority Interest	2,071,536	2,005,244	1,899,613	1,886,706	1,813,067	1,715,884
Shareholders' Equity	40,923,920	32,737,931	44,337,441	41,562,020	39,625,367	43,610,634
Total Liabilities & Equity	335,306,866	312,218,844	314,655,050	296,234,163	341,382,574	336,569,287
Filing Date Shares Outstanding	179.57	179.57	179.57	179.57	179.57	179.57
Total Common Shares Outstanding	179.57	179.57	179.57	179.57	179.57	179.57
Total Debt	26,305,528	23,877,181	23,922,845	23,686,774	20,817,547	15,737,413
Net Cash (Debt)	-26,302,703	-23,877,069	-23,922,683	-23,686,665	-20,817,404	-11,926,332
Net Cash Per Share	-146472.14	-132964.49	-133218.50	-131904.19	-115926.10	-66414.29
Book Value Per Share	216357.69	171141.44	236323.99	220940.35	210565.76	233299.74
Tangible Book Value	38,492,724	30,370,447	42,068,856	39,300,112	37,421,495	41,512,048
Tangible Book Value Per Share	214354.85	169124.23	234269.29	218850.96	208389.48	231168.59
Land	160,520	62,707	65,702	88,444	171,605	176,948
Buildings	631,882	550,892	554,957	561,901	654,431	646,276
Construction In Progress	10,939	11,868	2,099	7,044	9,379	3,082

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.