Samsung Life Insurance posts cumulative net profit of 2.6859 trillion won through Q3, up 26.9% year on year

[Financial News] Samsung Life Insurance posted net profit in the 2.6 trillion won range for the first three quarters (January-September) of this year. Insurance service and investment results supported its performance, while new business contractual service margin (CSM) also rose by double digits year on year.
According to Samsung Life Insurance's third-quarter 2026 business results announced on the 12th, consolidated net income attributable to owners of the parent totaled 2.6859 trillion won, up 26.9% from 2.1171 trillion won in the same period a year earlier.

Insurance service results totaled 1.0626 trillion won. Investment results came to 2.3985 trillion won, supported by dividend income and increased earnings at subsidiaries and other companies included in the consolidated accounts.

The contractual service margin (CSM), an indicator of future profits from insurance contracts, also increased. As of the end of September, cumulative CSM stood at 14.3 trillion won, up 1.1 trillion won from the beginning of the year.

New business CSM totaled 2.6259 trillion won, up 14.3% from the same period a year earlier.

The company had 45,446 exclusive insurance agents across its sales channels.

The K-ICS ratio, a measure of financial soundness, was around 209% as of the end of September. The company received ratings of 'AA (Stable)' and 'Aa3 (Stable)' from global credit rating agencies Fitch Ratings and Moody's, respectively.

A Samsung Life Insurance official said, "We will strengthen the competitiveness of new business, focusing on the profitability of our core insurance operations, while building a foundation for sustainable growth on the strength of stable capital soundness."

[email protected] Hong Yeji Reporter