Samsung Fire & Marine Insurance reports 29% rise in Q3 net income
Published: 14 Nov. 2024, 10:17
![A Samsung Fire & Marine Insurance building. [SAMSUNG FIRE & MARINE INSURANCE]](https://koreajoongangdaily.joins.com/data/photo/2024/11/14/c6c0f574-178f-41a5-9c91-3fe4d79ed630.jpg)
A Samsung Fire & Marine Insurance building. [SAMSUNG FIRE & MARINE INSURANCE]
Samsung Fire & Marine Insurance on Thursday reported its third quarter net income of 554.6 billion won ($395.4 million), up 29.4 percent from a year earlier.
The company said in a regulatory filing that it posted 717.5 billion won in operating profit for the quarter, compared to 572.9 billion won a year ago. Revenue rose 0.5 percent to 5.32 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 541.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Yonhap
with the Korea JoongAng Daily
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