As of 2015[update], Samsung Fire & Marine Insurance had seven overseas subsidiaries in Indonesia, Vietnam, China, Brazil, Europe, US, and Singapore.

Anbo Fire Marine Reinsurance originated from an education group called Hunsesa founded by Koo Jin-hyun.

In the face of financial difficulties in managing Hunsesa since 1950 agriraian reform in Korea, Koo made a decision to establish an insurance company with capital of KRW 2 billion.

Ankuk fire & Marine Insurance was founded with capital worth KRW 100 million and had its headquarters in 60, Songhyun-dong, Jongno-gu, Seoul, and office in Ankuk-dong from which the name of the company originated.

Ankuk Fire & Marine Insurance in late 1950s has been showing sluggish sales performance since its foundation and barely maintaining its business relying on subsequent premium income.

Samsung, which emerged as a strong player in the Korean economy, had keen interests in developing the insurance business.

The military regime which took power in Korea after the May 16 coup in 1961 pursued reform and development of the insurance industry as part of efforts to support economic growth.

The second foundation was designed to transform the company into a top-tier global property and casualty insurer based on the principle of quality improvement.

In partnership with the Korea National Police Agency, SFMI provided "Big Love Scholarship" to children of car accident victims and traffic policemen who lost their lives in the line of duty.

Through two to three rounds of distribution every year, the school donated over 149 guide dogs pro bono to the visually challenged families by 2012.

By saving the discounted amount, SFMI raised a fund to create small school forests for employees' alma maters.