Samsung Fire & Marine Insurance net soars 42.5% in 2021

Samsung Fire & Marine Insurance Co. said Monday its earnings soared more than 42 percent in 2021 from a year earlier on the car insurance division's switch to profit.

Net income came to 1.09 trillion won ($910 million) last year, up 42.5 percent from a year earlier, the leading non-life insurer said in a regulatory filing.

Operating income stood at 1.55 trillion won, up 36.9 percent from a year earlier, with sales edging up 1.9 percent to 19.65 trillion won.

Samsung Fire & Marine Insurance is the non-life insurance arm of Samsung Group, South Korea's largest family-controlled conglomerate. (Yonhap)