Samsung Fire & Marine Insurance
Native name | 삼성화재해상보험 (三星火災海上保險) |
|---|---|
| Company type | Public |
| KRX: 000810 | |
| Industry | Insurance |
| Founded | 1952 |
| Headquarters | , |
Key people | Young-Moo Choi (CEO) |
| Products | Automobile insurance, long-term insurance, commercial insurance, Enterprise Risk Management |
| Revenue | US$ 15.6 billion (2012) |
| US$ 0.7 billion (2012) | |
| Total assets | US$ 40.5 billion (2012) |
| Total equity | US$ 7.8 billion (2012) |
| Owners | Samsung Life Insurance (14.98%) National Pension Service (9.73%) Samsung Foundation (3.42%) |
Number of employees | 5,406 (2010) |
| Parent | Samsung |
| Rating | A++ (from A.M. Best) |
| Website | www |
Samsung Fire & Marine Insurance (SFMI) (Korean: 삼성화재) is a South Korean insurance company based in Seoul. It is a subsidiary of Samsung Group. Its business portfolio includes automobile insurance, long-term insurance, general insurance (commercial lines), enterprise risk management, and annuities.
Incorporated on January 26, 1952, under the name of "Korea Anbo Fire Marine Reinsurance Co.", the company changed its name to Samsung Fire & Marine Insurance Co., Ltd., in December 1993, after its takeover by Samsung Group back in 1958. Samsung Fire & Marine Insurance, is operating property and casualty insurance business and third-party insurance business defined by the Korea Insurance Business Act, while also engaging in providing financial services and instruments approved by relevant laws and regulations including the Korea Financial Investment Services and Capital Markets Act.
As of 2015, Samsung Fire & Marine Insurance had seven overseas subsidiaries in Indonesia, Vietnam, China, Brazil, Europe, US, and Singapore.