Results round-up: Tokio Marine, MS&AD, Sompo
Results round-up: Tokio Marine, MS&AD, Sompo | Insurance Business Canada
Insurance News
Results round-up: Tokio Marine, MS&AD, Sompo
Japan-headquartered global insurers announce latest financials
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.
What do you think about this story? Share your thoughts in the comments below.
Related Stories
Keep up with the latest news and events
Join our mailing list, it’s free!
