Dividends from insurers could exceed 3trillion won, Samsung Electronics stake 8.41%
Some insurers are projected to pay dividends of more than 3trillion won this year. With holdings of 8.41% in Samsung Electronics, some insurers recorded investment gains of more than 1trillion won in the quarter, while non-life insurers saw their net income decline in the 1.2quarter. 1Net income fell.
Some insurers were reported to be able to pay dividends of more than 3trillion won this year. The point is that stock dividends received by insurers could be reflected significantly in this year's investment income. The announced figures boosted expectations for dividends in the insurance industry.
One insurer disclosed that it held a 8.41% stake in Samsung Electronics. The same insurer's investment gains for the 1quarter alone totaled 1.2trillion won. The stake and investment-gain items affected the quarterly results.
Life insurers' 1quarterly net income 1was reportedly higher than it had been 1years earlier. In contrast, non-life insurers' net income declined in the quarter. Performance trends diverged across the insurance sectors.
The Gwangju–Jeonnam regional financial sector’s 1Quarterly lending (credit) increased compared with the previous quarter. Growth in lending across the region pushed up the outstanding loan balance of the regional financial sector. The statistics show lending trends in the region.
These announcements revealed three facts at once: dividends, investment gains and losses, and an increase in regional lending. The specific amounts and ownership stakes were confirmed in each company’s disclosures. Detailed figures are included in the relevant disclosures and quarterly reports.