Insurance Day Asia
SAMSUNG F&M SEES EARNINGS DROP IN Q1 AS CLAIMS RISE
Korea-based insurer
Samsung Fire & Marine has reported a fall of more than 13% in net profit for the first quarter, compared with the same period last year. The drop
in earnings to 81.4bn won was attributed to an increase in insurance claims. Operating profit was down 17.4% to 124bn won,
while revenue rose by 9% to 1.9tn won.