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Samsung Fire & Marine Insurance Q2 Profit Up; Sales Slip

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Samsung Fire & Marine Insurance (KRX:000810) posted a 16% year-over-year increase in net income attributable to shareholders of the parent to 737.7 billion won from 637.5 billion won for the second quarter.

Sales declined 5.8% to 6.461 trillion won for the three months ended June 30 from 6.857 trillion won a year earlier, according to a Korea Exchange filing on Thursday.

For the first half, the insurer's attributable net income climbed 10% to 1.372 trillion won from 1.246 trillion won.

Cumulative sales edged up 1.3% to 13.138 trillion won from 12.963 trillion won.

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