Samsung Life Insurance Co Ltd - Company Profile

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Samsung Life Insurance Co Ltd: Overview

Samsung Life Insurance Co Ltd (Samsung Life) is a financial services company. It offers a wide range of life and health insurance and annuity products such as death benefit insurance; whole life insurance; variable whole life; term life and combination life; critical illness insurance; miscellaneous health insurance; annuities and savings insurance, and group insurance to individuals and corporate clients. The company also offers loans, corporate pension policies, funds and trust management products. Samsung Life markets and distributes its insurance products through a network of agents, financial consultants and bancassurance channel. The company, along with its subsidiaries and joint ventures, operates in South Korea, the US, the UK, Thailand, Hong Kong, and China. Samsung Life is headquartered in Seoul, South Korea.

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Headquarters South Korea

Address 11, Seocho-Daero 74-Gil, Seocho-Gu, Seoul, 06620


Telephone 82 2 15883114

No of Employees 5,348

Industry Financial Services

Ticker Symbol & Exchange 032830 (KRX)

Revenue (2022) $24.1B 5.3% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 7.8% (2022 vs 2021)

Market Cap* $15.1B

Net Profit Margin (2022) XYZ 2.2% (2022 vs 2021)

* As of and is in US$
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Samsung Life Insurance Co Ltd premium industry data and analytics

70+

Insurance Market Data Insights

Insight into market share and brand performance.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Samsung Life Insurance Co Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products
Individual Life:
Protection-Type Insurance:
Whole Life Insurance
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 New Products/Services In October, the company announced the implementation of its artificial intelligence-powered Optical Character Recognition (AI OCR) system.
2023 Acquisitions/Mergers/Takeovers In April, the company acquired 20% stake in Meridiam SAS.
2022 Contracts/Agreements In September, the company and Samsung Fire & Marine Insurance entered into a partnership to invest in overseas real estate, infrastructure and private equities managed by Blackstone.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Samsung Life Insurance Co Ltd Shinhan Financial Group Co Ltd Hanwha Life Insurance Co Ltd Kyobo Life Insurance Co Ltd Tongyang Life Insurance Co Ltd
Headquarters South Korea South Korea South Korea South Korea South Korea
City Seoul Seoul Seoul Seoul City Seoul
State/Province - - Seoul Seoul Seoul
No. of Employees 5,348 21,689 3,739 - 990
Entity Type Public Public Public Private Public
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Executives
Name Position Board Since Age
Kang Yun Gu Chairman Executive Board - -
Jeon Young Mook Chief Executive Officer; Director; President Executive Board 2020 -
Seon Kim Director; Head-Management Support; Vice President Executive Board - -
Jong Moon Park President - Asset Management Division; Director Executive Board 2023 -
Yoo Il Ho Director Non Executive Board 2022 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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