Samsung Insurance (KRX:000810) and Samsung Life Insurance are exploring the acquisition of minority stakes in UK and US insurance companies, the company said Wednesday. The insurance arms of the Samsung Group are considering minority positions rather than control acquisitions, signaling a cautious international expansion strategy amid elevated valuations.
Target markets include UK general insurance and US personal lines. Samsung's previous international insurance ventures have centered on joint ventures and minority partnerships rather than full acquisitions. The exploration phase is underway with financial advisors assisting with due diligence.
Samsung Insurance's market capitalisation was ₩31.3 trillion at Thursday's close. First-half 2026 premium income rose 2.1% to ₩7.8 trillion, with underwriting profit of ₩89 billion offsetting net investment losses in equities.
Global insurance M&A has slowed as rising interest rates reduced acquisition multiples but also increased leverage costs for buyers. Minority stakes offer portfolio diversification without balance-sheet strain.
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| Symbol | Last Price |
|---|---|
| 000810SAMSUNG FIRE & MARINE INSURANCE CO.,LTD | ₩663,000 -5.6% |