Samsung Fire & Marine reported earnings results for the first quarter of 2020. For the quarter, the company’s net income was down 28.9% year-on-year to post KRW 164 billion, but it is in line with the market consensus if excluded the large claims events from the general insurance. Direct premiums written was up 5.9% year-on-year. In the first quarter, the pretax income declined on a year-over-year basis, but the accumulated figure from January until April shows a similar Year-on-Year trend.