Samsung Fire & Marine Insurance: Strong Corporate Value Up Plan
On 31 January, Samsung Fire & Marine Insurance (000810 KS) announced a comprehensive corporate value up plan.
The three major areas of focus include K-ICS ratio (220%), ROE targets of 11-13%, and total shareholder returns to 50% by 2028.
The company plans to reduce the treasury shares as a percentage of total outstanding shares from 15.9% to 5% by 2028 (10.9% of total outstanding shares over over four years).
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