Latest news with #SamsungFire&MarineInsurance
Korea Herald
2 days ago
- Business
- Korea Herald
Samsung Fire ups Canopius stake to 40% in global push
Samsung Fire & Marine Insurance is ramping up its overseas expansion with a $570 million investment in Canopius Group, increasing its stake in the London-based specialty insurer to 40 percent. The Korean general insurer said Wednesday it will acquire an additional 21.17 percent stake in Fortuna Topco, the holding company that owns 100 percent of Canopius. A Samsung Fire official noted the stake effectively translates to a direct holding in Canopius, which specializes in property and casualty insurance and reinsurance. The shares are being acquired from a Centerbridge-led consortium, which will retain a 60 percent controlling stake after the transaction. Pending regulatory approvals in both countries, the deal is expected to close by the end of September. This marks Samsung Fire's third investment in Canopius, following a combined $300 million in stakes acquired in 2019 and 2020. Samsung Fire's latest move further solidifies its position as the second-largest shareholder and establishes its role as a co-operator of Canopius alongside the Centerbridge-led consortium. Canopius has posted steady growth in recent years, reporting $3.53 billion in gross written premiums in 2024 and ranking among the top five at Lloyd's, one of the world's largest specialty and reinsurance marketplaces. It operates underwriting platforms in Bermuda, the Netherlands, Singapore, Switzerland, the UK, the US and Lloyd's China. Samsung Fire said its partnership with Canopius has also delivered tangible benefits, including around 300 billion won ($221 million) in reinsurance revenue and 88 billion won in equity-method gains in 2024. With its expanded stake, the company plans to step up its board involvement and decision-making role to further strengthen its global footprint. 'This deal goes beyond a simple stake investment — it marks a strategic milestone for joint management and value creation in the global market,' said Samsung Fire & Marine CEO Lee Mun-hwa. 'We will continue to move beyond Korea's insurance market through bold global expansion and innovation, aiming to become a leading international insurer.'
Yahoo
31-01-2025
- Business
- Yahoo
3 Top Dividend Stocks To Consider For Your Portfolio
As global markets react to the Trump administration's emerging policies and AI-related optimism, major indices like the S&P 500 have reached new highs, reflecting positive investor sentiment. With this backdrop of market enthusiasm and shifting economic dynamics, dividend stocks present a compelling option for investors seeking stable income streams amid potential volatility. Name Dividend Yield Dividend Rating Tsubakimoto Chain (TSE:6371) 4.19% ★★★★★★ Guaranty Trust Holding (NGSE:GTCO) 5.94% ★★★★★★ Southside Bancshares (NYSE:SBSI) 4.58% ★★★★★★ CAC Holdings (TSE:4725) 4.52% ★★★★★★ Yamato Kogyo (TSE:5444) 3.90% ★★★★★★ Padma Oil (DSE:PADMAOIL) 7.45% ★★★★★★ GakkyushaLtd (TSE:9769) 4.34% ★★★★★★ Nihon Parkerizing (TSE:4095) 3.93% ★★★★★★ FALCO HOLDINGS (TSE:4671) 6.52% ★★★★★★ E J Holdings (TSE:2153) 3.12% ★★★★☆☆ Click here to see the full list of 1938 stocks from our Top Dividend Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Samsung Fire & Marine Insurance Co., Ltd. provides non-life insurance products and services across Korea, China, the United States, Indonesia, Vietnam, Singapore, and the United Kingdom with a market cap of approximately ₩14.31 trillion. Operations: Samsung Fire & Marine Insurance Co., Ltd. generates its revenue primarily from its insurance business, amounting to approximately ₩19.31 billion. Dividend Yield: 4.2% Samsung Fire & Marine Insurance's dividend payments have been volatile over the past decade, despite increasing overall. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 37.5% and 39.7% respectively, suggesting sustainability from a financial standpoint. Trading significantly below fair value estimates, it offers a competitive dividend yield in the top 25% of the Korean market. Recent earnings growth supports potential future stability in payouts. Take a closer look at Samsung Fire & Marine Insurance's potential here in our dividend report. The valuation report we've compiled suggests that Samsung Fire & Marine Insurance's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: China Banking Corporation offers a range of banking and financial products and services to individuals and businesses in the Philippines, with a market cap of ₱180.19 billion. Operations: China Banking Corporation's revenue segments include interest income of ₱37.25 billion, service charges and fees of ₱5.13 billion, trading and securities gains of ₱2.47 billion, and foreign exchange gains of ₱1.08 billion. Dividend Yield: 2.4% China Banking Corporation's dividends have been stable and reliable over the past decade, supported by a low payout ratio of 13.3%, indicating strong coverage by earnings. However, its dividend yield of 2.37% is relatively low compared to top-tier payers in the Philippine market. Despite this, CBC has seen consistent earnings growth at 18.3% annually over five years, although it faces challenges with a high bad loans ratio of 2.4%. Dive into the specifics of China Banking here with our thorough dividend report. Insights from our recent valuation report point to the potential overvaluation of China Banking shares in the market. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Meiwa Corporation operates in the chemicals, lubricants, battery materials, automotive and mineral resource, and environmental sectors both domestically in Japan and internationally, with a market cap of ¥26.41 billion. Operations: Meiwa Corporation's revenue segments include First Business at ¥42.86 billion, Third Business at ¥59.98 billion, Second Business at ¥47.67 billion, and Automobile/Battery Materials Business at ¥11.34 billion. Dividend Yield: 4.7% Meiwa's dividend yield of 4.66% ranks in the top 25% of payers in Japan, though its dividends have been volatile over the past decade, with drops exceeding 20%. Despite this instability, dividend payments are well-supported by a low payout ratio of 45.2% and a cash payout ratio of 25.9%. The company's earnings surged by 94.6% last year, and it trades at a significant discount to its estimated fair value. Click here and access our complete dividend analysis report to understand the dynamics of Meiwa. In light of our recent valuation report, it seems possible that Meiwa is trading behind its estimated value. Unlock our comprehensive list of 1938 Top Dividend Stocks by clicking here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A000810 PSE:CBC and TSE:8103. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
