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Samsung Fire & Marine Insurance Q3 net profit up 29.4% to $394.3 mil.

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A flag of Samsung is seen in front of its office in Seocho District, Seoul, Oct. 31. Yonhap

A flag of Samsung is seen in front of its office in Seocho District, Seoul, Oct. 31. Yonhap

Samsung Fire & Marine Insurance on Thursday reported its third-quarter net income of 554.6 billion won ($394.3 million), up 29.4 percent from a year earlier.

The company said in a regulatory filing that it posted 717.5 billion won in operating profit for the quarter, compared with 572.9 billion won a year ago. Revenue rose 0.5 percent to 5.32 trillion won.

The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 541.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)