Seoul: Samsung Fire and Marine Insurance Co. on Thursday reported its first-quarter net profit of 635.2 billion won (US$426.1 million), marking a 4.3 percent increase from the same period last year.
According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the quarter reached 861.1 billion won, up from 792.4 billion won a year ago. Additionally, the company's revenue saw a rise of 9.3 percent, totaling 6.67 trillion won.
The reported earnings surpassed market expectations. Analysts had estimated an average net profit of 622.2 billion won, as per a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.