Samsung Life Insurance Co Ltd

032830: XKRX (KOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Samsung Life's FVE Up to KRW 76,000 as IFRS 17 Steadies Earnings, Lifting Confidence in DPS Growth

Mar 8, 2023

We raise our fair value estimate for Samsung Life Insurance slightly to KRW 76,000 from KRW 75,000 as we incorporate its disclosures on 8 March showing how new accounting standards affected its 2022 income statement and year-end balance sheet. Our forecasts are now based on the new accounting, though we still don't have a complete picture of all the final effects. The main effect is a slight boost to bottom-line reported earnings, an increase in balance sheet equity, and higher confidence in the outlook for steady dividend growth as earnings predictability should increase.

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Samsung Life Insurance Co Ltd

Samsung Life's FVE Up to KRW 76,000 as IFRS 17 Steadies Earnings, Lifting Confidence in DPS Growth

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