Samsung Life dividend boosts life insurers’ 1quarterly net profit; loans fall by 1trillion won

This year, life insurers’ 1quarterly net profit 1increased from 1years earlier, while non-life insurers’ net profit declined over the same period. The life insurance industry’s 10quarterly net profit rose by %. Investment gains and losses affected results during the quarter.

Samsung Life holds a 8.41% stake in Samsung Electronics. In the 1quarter, Samsung Life recorded investment gains and losses of about 1trillion 2,000billion won. The company disclosed that investment-related gains were reflected in its results.

Some say Samsung Electronics’ results and dividends affected life insurers’ performance. Reports have also discussed the possibility that this year’s dividends alone could exceed 3trillion won. Dividend amounts are linked to life insurers’ investment income.

The Financial Supervisory Service announced the status of insurers’ loan receivables. It said that the outstanding balance of loans extended by insurers, compared with the end of last year, 1had fallen by more than trillion won. The data identified a decrease in corporate loans as the cause and also showed that the share of non-performing loans had increased.

Life insurers’ 1quarterly net profit growth was driven mainly by investment gains, while the data released overall also showed a downward trend in insurance-sector loan balances. Non-life insurers’ 1quarterly net profit was reported to have declined. Further details can be found in Financial Supervisory Service data and company disclosures.