Samsung Fire and Marine Insurance Sees 14.6% Growth in Q1 Net Income

Seoul - Samsung Fire and Marine Insurance Co. reported that its net income for the first quarter increased by 14.6 percent to 702 billion won (US$513 million).

According to Yonhap News Agency, The company noted in its regulatory filing that its operating income for the January-March period rose by 7.8 percent to 897.1 billion won. Revenue also increased by 3.1 percent, reaching 5.5 trillion won. This financial growth reflects a steady upward trajectory in the company’s earnings.

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