Samsung Life Insurance Co., Ltd.: SWOT Analysis & Company Profile by BusinessReview

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									Samsung Life Insurance Co., Ltd.

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Samsung Life Insurance Co., Ltd.: SWOT
Analysis & Company Profile


Reference code: BRFS003CP10-Q4

Published: Nov 2010




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Samsung Life Insurance Co., Ltd. - SWOT Profile                                     Page 1
Samsung Life Insurance Co., Ltd.

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Samsung Life Insurance Co., Ltd. - Company Overview

Samsung Life Insurance Co., Ltd. (Samsung Life) is a South Korea based financial services providing company. It is
principally engaged in providing life insurance products and services. It provides death insurance, survival insurance, life
and death mixed insurance, guarantee insurance, critical illness (CI) insurance, savings insurance and pension insurance
for individual customers, and group insurance and retirement insurance for business customers. Samsung Life’s other
businesses include loan services, asset management, investment trusts, and pension plans. The company has operations
in the UK, South Korea, the US, India, Vietnam, Japan, China, Thailand, and Hong Kong. Samsung Life is headquartered
in Seoul, Republic of Korea.


Financial Performance

The company reported revenue of KRW 25,695,233 million during the fiscal year ended March 2010. The company's
revenue grew by 1.61% over the previous year. During the fiscal year ended March 2010 its operating margin was 3.30%
as against the operating margin of 0.5% in fiscal year 2009. During the fiscal year 2010 the company registered a net
margin of 3.52% as against the net margin of 0.44% in the fiscal year 2009.




Samsung Life Insurance Co., Ltd. - Key Facts

Samsung Life Insurance Co., Ltd., Key Facts

                                  150, Taepyeong-ro 2-ga, Seoul, ,
                                                                     Ticker Symbol, Stock
Corporate Address:                                                                                  N/A
                                  100-716, Republic of Korea         Exchange



Telephone                         + 82 2 15883114                    No. of Employees               6,000



Fax                               N/A                                Financial Year End             March



URL                               www.samsunglife.com                Revenue (in KPW Million)       25,695,233.00



Industry                          Financial Services                 Revenue (in USD Million)       184,089.65



Locations                         China, India, Japan, Republic of Korea, Thailand, United Kingdom, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Samsung Life Insurance Co., Ltd. - SWOT Profile                                                                     Page 2
Samsung Life Insurance Co., Ltd.

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Samsung Life Insurance Co., Ltd. - Business Description

Samsung Life Insurance Co., Ltd. (Samsung Life) is a South Korean insurance company. The company offers a wide
range of insurance products and services including life, health, accident, and annuities. It also provides asset
management, and related financial products, including mortgage loans. As of march 2010, the company had 8.2 million
life insurance policyholders.


The company operates in four business areas namely, Insurance, Loan, Fund, and Pension. The company offers a wide
range of insurance products and related services to individual and business customers. Samsung Life provides its existing
and new insurance products such as pensions, guarantees, and savings to more than 10 million customers. The company
uses various service channels such as LT, CM, TC and FA to reach the individual customers. It also serves business
customers through corporate pension system, private health insurance, and corporate welfare systems.

Samsung Life through its Loan division provides a broad range of loan products to direct customers such as shareholders
and bondholders across various industries. This division offers medium and long-term mortgage loans, as well as credit
loans after credit assessment. As of March 31, 2010, the company had KRW 133 trillion in total assets. Samsung Life’s
asset portfolio comprised of domestic securities, foreign securities, corporate finance, consumer finance, real estate
finance, real estate investments, and alternative investments.

The company is engaged in the sale of investment Funds through its Fund business division. It also offers long-term
asset management services. It also provides long-term, comprehensive financial planning services to High Net Worth
(HNW) customers.

The Pension division of the company offers pension services through its professional consulting team including retirement
plan specialists, valuation team, and administrative support team.

The company operates through a sales force of more than 40,000 agents to satisfy the various needs of individual and
corporate customers in Korea. The company’s sales force is organized under Financial Consultants (FCs), Samsung life
Advisors (SAs), Financial Advisors (FAs), Special Financial Planners (SFPs), and Total Consultants (TCs), on the basis of
sales channel and target customers. Samsung Life’s Financial Consultants (FCs) provide financial planning services to
individual customers. Samsung life Advisors (SAs) offer integrated financial consulting services. Whereas the company’s
Group Financial Consultants (GFCs) serve corporate customers and the Financial Advisors (FAs) offer beneficiary
certificates and variable universal insurance policies. The company’s telemarketing operations are handled by the Total
Consultants (TCs).

Recently, the company launched its initial public offering (IPO) on the Seoul stock market.




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Samsung Life Insurance Co., Ltd. - SWOT Profile                                                                  Page 3
Samsung Life Insurance Co., Ltd.

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Samsung Life Insurance Co., Ltd. - Major Products and Services

Samsung Life Insurance Co., Ltd. (Samsung Life) is one of the largest insurance companies in South Korea. The
company’s key products include the following:

Samsung Life Insurance Co., Ltd., Major Products and Services
Products:

Life Insurance

Health Insurance

Annuities

Asset Management

Mortgage Loans

Real Estate Investment

Risk Management

Retirement Pensions
Source: Annual Report, Company Website, Primary and Secondary Research




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Samsung Life Insurance Co., Ltd. - SWOT Profile                                                     
								
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