Samsung Life Insurance Co Ltd
032830: XKRX (KOR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|?SFz.%bgr%#< | LOCK|X<< | LOCK|GX |
Samsung Life Q3 Disappoints on Variable Guarantee Loss but Higher Bond Yields Offer Hope; Retain FVE
We maintain our no-moat rating on Samsung Life Insurance and our fair value estimate of KRW 75,000, 14% above today’s closing price. Our fair value estimate is 0.31 times embedded value at the end of 2020 and 0.29 times our estimate of 2021 embedded value.
