Results round-up: Sompo, Tokio Marine, MS&AD

Results round-up: Sompo, Tokio Marine, MS&AD | Insurance Business Australia

Insurance News

Results round-up: Sompo, Tokio Marine, MS&AD

Japan-headquartered global insurers announce latest earnings

Insurance News

By
Terry Gangcuangco

Global insurers Tokio Marine, Sompo, and MS&AD have released their latest financials.

The Japan-headquartered groups, whose fiscal year begins on April 1 and ends on March 31, reported the below financial results in the first nine months (April 1 to December 31).

Metric

Tokio Marine

Sompo

MS&AD

Ordinary income

¥5.6 trillion

¥3.8 trillion

¥4.9 trillion

Ordinary profit

¥589.8 billion

¥432.4 billion

¥386.6 billion

Net income attributable to owners of the parent

¥517.5 billion

¥323 billion

¥281.6 billion

Across the above metrics, all three companies posted increases from the corresponding period in 2022.

In terms of consolidated earnings forecasts for fiscal year 2023 (April 1, 2023 to March 31, 2024), Tokio Marine is expecting to report ¥670 billion in net income attributable to owners of the parent; Sompo, ¥324 billion; and MS&AD, ¥280 billion.

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