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Samsung Fire and Marine Insurance's net profit falls 33%


South Korea-based Samsung Fire and Marine Insurance Co. Ltd.'s net profit fell 33% year-on-year to nearly 160 billion South Korean won ($136.6 million) in the third quarter due to increasing claims, Morningstar reports. Revenue grew nearly 5% to KRW 4.8 trillion while operating profit declined 29% to KRW 244.5 billion

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