MS Amlin parent delivers interim financial results

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 SG$2.38 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.