4 Major Japan Life Insurers Incur Operating Profit Drops in FY 2022
Tokyo, May 24 (Jiji Press)--Four major Japanese life insurers suffered double-digit year-on-year falls in their core business profits in fiscal 2022, which ended in March, due to ballooning insurance payments related to COVID-19, according to their earnings reports released by Wednesday.
The declines also reflected a rise in the cost of hedging foreign exchange risks amid rising interest rates overseas.
(2023/05/24-22:49)
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