[Infostock Daily= Reporter An Hoe Hyun] Samsung Securities said on the 24th that it is time to pay more attention to the potential of Samsung Life Insurance's main job, including its expansion of market dominance, digitization,investment in new overseas growth engines and a clear shareholder return policy. The investment opinion maintained 'Buy' and raised the target stock price to 100,000 won.
In the fourth quarter of last year, Samsung Life Insurance recorded 270.7 billion won in controlling net profit based on consolidation and recorded earnings surprise that exceeded 233.5 billion won in consensus.
Due to the decrease in hospital usage, the loss ratio fell 7.8%p year-on-year to 76.9%, with loss and saving from mortality rising 56.5% to 250 billion won.
"Samsung Life Insurance will recognize Samsung Electronics' special dividend income worth 801.9 billion won in the first quarter of this year," the company explained, adding, "This is higher than our expectations."
Reporter An Hoe Hyun ahh@infostock.co.kr
