Samsung Life target raised to 278,000 won as new policy sales advance

Daishin Securities on the 15th raised its target price for Samsung Life Insurance from 220,000 won to 278,000 won, saying new contracts advanced despite rate increases. The key point in the assessment was that new policy sales improved even in an environment where premium burdens could rise. The brokerage also said health insurance performed well and that whole life insurance was also strong. It viewed the expansion in new contracts as a factor supporting Samsung Life’s sales momentum. The higher target price reflects improved sales across product lines. Source: mk.co.kr