Company Profile - Samsung Life Insurance Co Ltd

Introduction

Samsung Life Insurance Co Ltd (Samsung Life) is a financial services company. It offers a wide range of life and health insurance and annuity products such as death benefit insurance; whole life insurance; variable whole life; term life and combination life; critical illness insurance; miscellaneous health insurance; annuities and savings insurance and group insurance to individuals and corporate clients. The company also offers loans, corporate pension policies, funds and trust management products. Samsung Life markets and distributes products through a network of agents, financial consultants and bancassurance channel. The company along with subsidiaries and joint ventures operates in South Korea, the US, the UK, Thailand, Hong Kong, and China. Samsung Life is headquartered in Seoul, South Korea. The company reported total premiums earned of KRW22,192,102 million for the fiscal year ended December 2021 (FY2021), a decrease of 0.6% over that in FY2020.