MS Amlin parent unveils interim financial results – Insurance Business
MS&AD Insurance Group Holdings – the name behind the likes of MS Amlin and insurethebox – has released its financial statements for the nine months ended December 31, 2021.
According to the Japan-headquartered group, its net income attributable to owners of the parent for April 01 to December 31 last year amounted to ¥204.6 billion (around $1.77 billion). In the same span in 2020, the corresponding figure stood at ¥150.1 billion.
Broken down, here’s where MS&AD got its net income attributable to owners of the parent:
Net income attributable to owners of the parent
9M ended December 31, 2021
9M ended December 31, 2020
Mitsui Sumitomo Insurance
¥110.3 billion
¥83.5 billion
Aioi Nissay Dowa Insurance
¥52.3 billion
¥29.8 billion
Mitsui Direct General Insurance
¥2 billion
¥2.1 billion
Mitsui Sumitomo Aioi Life Insurance
¥17 billion
¥12.7 billion
Mitsui Sumitomo Primary Life Insurance
¥37 billion
¥35.9 billion
Overseas insurance subsidiaries
¥14.1 billion
¥(9 billion)
Others, consolidation adjustments, etc.
¥(28.3 billion)
¥(5.2 billion)
The overseas subsidiaries include global (re)insurer MS Amlin, which operates in the Lloyd’s, UK, Continental European, and Bermudian markets.
MS&AD consists of five business domains – domestic non-life insurance, domestic life insurance, international, financial services, and risk-related services. The group is led by president and chief executive Noriyuki Hara.
