[Korea gimmingyeong financial newspaper News] Samsung Fire has succeeded in turnaround time in eight years last year car insurance. Only the eight years since 2008.
Samsung Fire & Marine 15 days today announced record premiums of 18.183 trillion won last year, a 2.2% increase over the previous year earnings.
Especially thanks to the growth of the online channel auto insurance premiums showed an increase of 13.4%. Whereas long-term insurance fell by 1.0% despite the impact of the growth of protection-type center and savings insurance reduction.
Net income rose 7.4 percent to 840.9 billion won a year earlier.
The combined ratio represents the insurance operations stood at 0.3% p efficiency improved 103.0% from the previous year.
If the combined ratio exceeds 100% as the sum of the loss ratio and the expense ratio of an insurer means the insurer saw the damage through insurance business.
By categories of auto insurance combined ratio was successful turnaround last year, a record 98.7%. Long-term insurance record 105.1% in the wake of low interest rates, etc., and found a loss of 567.9 billion won.
Investment profit was geodwot 0.7 percent to 1.6883 trillion won a year earlier investments operating margin stood at 0.2% p, down 3.1% compared to last year.
Samsung Fire & Marine Insurance has presented a sales growth of 3% and net income by 10% year management objectives.
Late last year, Samsung Fire & Marine Insurance has mitigated the ratio owes premium hikes, etc., minor accident repair guidelines issued by two euros lower auto insurance premiums an average of 2.3%.
This industry is horribly conscious of appearances dating to hit Hyundai, Dongbu expects to saying is try to load the drag MS (market share) fell slightly to 28.5% in October last year.
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