Samsung Fire & Marine Insurance

KO:000810 Korea Insurance - Property & Casualty
Market Cap
$12.65 Billion
₩18.52 Trillion KRW
Market Cap Rank
#1539 Global
#19 in Korea
Share Price
₩465000.00
Change (1 day)
-1.90%
52-Week Range
₩327500.00 - ₩630000.00
All Time High
₩630000.00
Categories
Companies in Korea Insurance - Property & Casualty
About

Samsung Fire & Marine Insurance Co., Ltd., together with its subsidiaries, provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom. The company offers automobile insurance, long-term damage insurance, personal pensions, and retirement pensions, as well as claim adjustment, agency, and insurance consulting se… Read more

Samsung Fire & Marine Insurance (000810) - Net Assets

Latest net assets as of June 2025: ₩16.65 Trillion KRW

Based on the latest financial reports, Samsung Fire & Marine Insurance (000810) has net assets worth ₩16.65 Trillion KRW as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩88.44 Trillion) and total liabilities (₩71.79 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ₩16.65 Trillion
% of Total Assets 18.82%
Annual Growth Rate 9.38%
5-Year Change -4.18%
10-Year Change 54.7%
Growth Volatility 17.48

Samsung Fire & Marine Insurance - Net Assets Trend (1999–2024)

This chart illustrates how Samsung Fire & Marine Insurance's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Samsung Fire & Marine Insurance (1999–2024)

The table below shows the annual net assets of Samsung Fire & Marine Insurance from 1999 to 2024.

Year Net Assets Change
2024-12-31 ₩15.60 Trillion -3.36%
2023-12-31 ₩16.14 Trillion +46.21%
2022-12-31 ₩11.04 Trillion -28.73%
2021-12-31 ₩15.49 Trillion -4.85%
2020-12-31 ₩16.28 Trillion +13.69%
2019-12-31 ₩14.32 Trillion +15.65%
2018-12-31 ₩12.38 Trillion +3.81%
2017-12-31 ₩11.93 Trillion +8.36%
2016-12-31 ₩11.01 Trillion +9.15%
2015-12-31 ₩10.09 Trillion +5.73%
2014-12-31 ₩9.54 Trillion +20.92%
2013-12-31 ₩7.89 Trillion -12.05%
2012-12-31 ₩8.97 Trillion +15.84%
2011-12-31 ₩7.74 Trillion +33.05%
2010-12-31 ₩5.82 Trillion +17.47%
2009-12-31 ₩4.95 Trillion +27.86%
2008-12-31 ₩3.87 Trillion +13.27%
2007-12-31 ₩3.42 Trillion +6.61%
2006-12-31 ₩3.21 Trillion +7.50%
2005-12-31 ₩2.98 Trillion +3.67%
2004-12-31 ₩2.88 Trillion +3.74%
2003-12-31 ₩2.78 Trillion +36.25%
2002-12-31 ₩2.04 Trillion -0.85%
2001-12-31 ₩2.05 Trillion +45.52%
2000-12-31 ₩1.41 Trillion -14.83%
1999-12-31 ₩1.66 Trillion --

Equity Component Analysis

This analysis shows how different components contribute to Samsung Fire & Marine Insurance's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 4227.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ₩13.67 Trillion 87.82%
Other Components ₩1.90 Trillion 12.18%
Total Equity ₩15.57 Trillion 100.00%

Samsung Fire & Marine Insurance Competitors by Market Cap

The table below lists competitors of Samsung Fire & Marine Insurance ranked by their market capitalization.

Company Market Cap
Equinox Gold Corp
NYSE MKT:EQX
 		$11.23 Billion
Olympus Corporation
PINK:OLYMY
 		$11.25 Billion
Essential Utilities Inc
NYSE:WTRG
 		$11.25 Billion
Chongqing Sokon Ind Grp Co
SHG:601127
 		$11.25 Billion
Shaanxi Coal Industry Co Ltd
SHG:601225
 		$11.23 Billion
Samsara Inc
NYSE:IOT
 		$11.22 Billion
TCL Corp
SHE:000100
 		$11.22 Billion
Comerica Incorporated
NYSE:CMA
 		$11.21 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Samsung Fire & Marine Insurance's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 16,114,211,783,280 to 15,567,056,119,560, a change of -547,155,663,720 (-3.4%).
  • Net income of 2,073,571,536,360 contributed positively to equity growth.
  • Dividend payments of 681,094,795,520 reduced retained earnings.
  • Other factors decreased equity by 1,939,632,404,560.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ₩2.07 Trillion +13.32%
Dividends Paid ₩681.09 Billion -4.38%
Other Changes ₩-1.94 Trillion -12.46%
Total Change ₩- -3.40%

Book Value vs Market Value Analysis

This analysis compares Samsung Fire & Marine Insurance's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.19x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 1.55x to 1.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 ₩299057.28 ₩465000.00 x
2018-12-31 ₩310432.79 ₩465000.00 x
2019-12-31 ₩359037.54 ₩465000.00 x
2020-12-31 ₩408276.46 ₩465000.00 x
2021-12-31 ₩363848.15 ₩465000.00 x
2022-12-31 ₩259083.67 ₩465000.00 x
2023-12-31 ₩404592.05 ₩465000.00 x
2024-12-31 ₩390854.18 ₩465000.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Samsung Fire & Marine Insurance utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 13.32%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.97%
  • • Asset Turnover: 0.22x
  • • Equity Multiplier: 5.61x
  • Recent ROE (13.32%) is above the historical average (9.53%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 8.31% 3.39% 0.55x 4.41x ₩-28.02 Billion
2000 6.71% 2.02% 0.59x 5.65x ₩-46.40 Billion
2001 13.23% 5.25% 0.52x 4.81x ₩66.40 Billion
2002 13.01% 4.42% 0.54x 5.46x ₩61.24 Billion
2003 6.02% 2.61% 0.50x 4.61x ₩-110.31 Billion
2004 9.51% 3.93% 0.48x 5.03x ₩-14.11 Billion
2005 8.63% 3.34% 0.47x 5.49x ₩-40.81 Billion
2006 10.51% 3.82% 0.47x 5.78x ₩16.22 Billion
2007 13.70% 4.81% 0.47x 6.08x ₩126.32 Billion
2008 15.27% 5.86% 0.44x 5.99x ₩203.72 Billion
2009 10.44% 4.62% 0.42x 5.41x ₩21.79 Billion
2010 11.27% 4.86% 0.43x 5.46x ₩73.49 Billion
2011 10.15% 5.05% 0.40x 5.07x ₩11.73 Billion
2012 8.52% 4.30% 0.38x 5.16x ₩-132.52 Billion
2013 8.96% 4.95% 0.29x 6.28x ₩-81.72 Billion
2014 8.24% 3.96% 0.34x 6.11x ₩-167.42 Billion
2015 8.06% 4.16% 0.31x 6.28x ₩-195.60 Billion
2016 7.81% 4.06% 0.31x 6.21x ₩-241.11 Billion
2017 8.11% 4.51% 0.28x 6.37x ₩-224.80 Billion
2018 8.66% 4.93% 0.27x 6.42x ₩-165.90 Billion
2019 4.50% 2.86% 0.26x 5.96x ₩-786.99 Billion
2020 4.64% 3.52% 0.23x 5.69x ₩-871.11 Billion
2021 7.26% 5.20% 0.23x 6.14x ₩-424.48 Billion
2022 11.62% 5.80% 0.25x 8.01x ₩178.74 Billion
2023 11.28% 10.22% 0.21x 5.28x ₩207.01 Billion
2024 13.32% 10.97% 0.22x 5.61x ₩516.87 Billion

Industry Comparison

This section compares Samsung Fire & Marine Insurance's net assets metrics with peer companies in the Insurance - Property & Casualty industry.

Industry Context

  • Industry: Insurance - Property & Casualty
  • Average net assets among peers: $3,581,572,150,851
  • Average return on equity (ROE) among peers: 7.27%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Samsung Fire & Marine Insurance (000810) ₩16.65 Trillion 8.31% 4.31x $11.23 Billion
Hanwha General (000370) $345.51 Billion 8.00% 14.18x $246.57 Million
Lotte Non-Life (000400) $195.86 Billion 0.00% 7.28x $69.36 Million
Heungkuk F&M I (000540) $711.96 Billion 5.40% 16.77x $39.75 Million
Heungkuk Fire & Marine Insurance Co Ltd (000545) $682.03 Billion 7.40% 16.50x $58.92 Million
Samsung Fire And Marine Ins Pref (000815) $16.14 Trillion 11.26% 4.27x $9.26 Billion
Hyundai Mar&Fi (001450) $4.13 Trillion 9.04% 9.67x $1.16 Billion
DB Insurance Co Ltd (005830) $2.86 Trillion 9.77% 9.62x $5.46 Billion