Results round-up: MS&AD, Sompo, Tokio Marine
Results round-up: MS&AD, Sompo, Tokio Marine | Insurance Business New Zealand
Insurance News
Results round-up: MS&AD, Sompo, Tokio Marine
Japan-headquartered global insurers publish 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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