Samsung Life Insurance

Samsung Life Insurance Co., Ltd. engages in the life insurance business in Korea and internationally. The company operates through Domestic Insurance; Credit Card Service, Installment Financing, and Leasing; and Overseas segments. It offers life, term, health, accident, pension, saving, child, and direct insurance; insurance contract, credit, and mortgage loans; and retirement pension products. In addition, the company engages in the provision of real estate lease, investment and trust management, specialized credit finance, collective and real estate collective investment vehicle, and new technology business investment services. As of December 31, 2021, it operated 88 local divisions and 590 branches. The company was incorporated in 1957 and is based in Seoul, South Korea.

Founded in 1957, the company quickly grew and attained a market leading position after just 18 months of operations. Since then, Samsung Life Insurance has maintained its market leadership in the industry through product innovation, marketing, and distribution. In particular, the growth was accelerated after the company was incorporated under Samsung Group in 1963.In 1986, the company opened representative offices in New York and Tokyo. It has also expanded in overseas operation through a joint venture in Thailand in 1997 and China in 2005. The company was the first life insurance company in Korea to achieve KRW 100 Trillion Won in assets in 2006. On May 12, 2010, Samsung Life Insurance went public and the shares went for 110,000 won, or $96/share in one of the largest initial offerings and a record for the country, raising $4.4 billion.

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Samsung Life Insurance has been recognized by numerous awards, including Euromoney Award for Excellence in Insurance, the Korean Insurance Award, and the Asia Insurance Review Award for Excellence in Life Insurance.