Samsung Life Insurance : BoD Approves FY2017 Financial Statements and Declares Annual Dividend

IR Newsletter

January 29th, 2018

Samsung Life Investor Relations

Samsung Life BoD Approves FY2017 Financial Statements and

Declares Annual Dividend

On January 29th 2018, Samsung Life (the "Company") held its Board of Directors meeting, through which the Board approved the Company's FY2017 financial statements and declared an annual dividend of KRW 2,000 per share, totaling KRW 359.1 billion.

Consolidated net profit attributable to shareholders for FY2017 increased +39% to KRW 1,195.2 billion versus FY2016's KRW 861.9 billion*. This robust growth was driven by stable generation of the Insurance Profit backed by continued efforts to enhance management efficiency and decreased reserving for variable product guarantee options due to the rise in interest rates and the stock market. Additionally, the increase in dividend income from the Company's affiliates such as Samsung Electronics also contributed to the strong result.

* FY16) KRW 2,054.3 billion (Reported net profit) - KRW 1,192.4 billion (after-tax gain on the bargain purchase of Samsung Card and Samsung Securities shares) = KRW 861.9 billion

In consideration of the strengthened earnings fundamental, the Board decided to declare an annual dividend of KRW 2,000 per share representing a dividend payout ratio of 30% .

Details of the Company's FY2017 earning results and main business strategies for FY2018 shall be delivered in the FY2017 Earnings Results Presentation taking place on Thursday, February 22nd, at 4pm Korea standard time. We look forward to your participation then.

Thank you very much.