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SAMSUNG LIFE INSURANCE CO.,LTD.

Main Activities: Insurance Carriers

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Company Information

Full name
SAMSUNG LIFE INSURANCE CO.,LTD.

Previous name(s)
Dongbang Life Insurance Co., Ltd. (1989)

Headquarters
SAMSUNG LIFE BLDG.,150, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL; Seoul; Seoul; 100-716
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: PricewaterhouseCoopers (2011)
Incorporation Date: May 5, 1957
Total Employees: 6,564

Tel: 02-751-8000

Company Description

Premium income increased over the preceding year same period with growth of annually paid premium for new policies as products have been upgraded while designer channel is steadily strengthened.Earnings declined as allowance for write-off of Seoul Surety Insurance ABS was cancelled in the preceding year same period while insurance payment ratio increased with growing share of variable insurance policies.Channels are diversified with growing channels dedicated to sales of coverage insurance while
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues decreased with -13.18%, from KRW 26,177,817,000 thousands to KRW 22,728,563,000 thousands. Operating result decreased from KRW 1,947,198,000 thousands to KRW 1,023,422,000 thousands which means -47.44% change. The results of the period decreased -51.54% reaching KRW 932,781,000 thousands at the end of the period against KRW 1,924,853,000 thousands last year. Return on equity (Net income/Total equity) went from 12.51% to 5.26%, the Return On Asset (Net income / Total Asset) went from 1.32% to 0.58% and the Net Profit Margin (Net Income/Net Sales) went from 7.35% to 4.10% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 806.09% compared to 850.97% of last year.

Key Executives

Park,Geun Hui President
Kim,Jeong Dong Non-Executive Independent Director
Kim,Jung Kwan Non-Executive Independent Director
Lee,Jong Nam Non-Executive Independent Director
Park,Bong Heum Non-Executive Independent Director
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Balance Sheet

Total Assets

160,589,445

171,280,081

Total Liabilities

142,866,004

151,676,110

Shareholders Equity

17,723,441

19,603,971

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

22,728,563

13,649,632

Operational Profit (Loss)

1,023,422

576,301

Net Profit (Loss)

932,781

459,875

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.58%

0.27%

Return on Equity (ROE)

5.26%

2.35%

Return on Sales (ROS)

6.33%

4.85%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

681,524

339,985

Bookvalue (BV)

17,723,441

19,603,971

Liquidity Ratios

Cash Flow to Debt

0.47%

0.67%

Leverage Ratios

Leverage ratio

906.09%

873.7%

Debt to equity

88.96%

88.55%

Debt to total assets

88.96%

88.55%

Market ratios

Price/Book Ratio

1.12

0.98

Trend Ratios

Revenue Trend

86.82%

116.24%

Operating Income Trend

52.56%

115.21%