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3 Major Japanese Nonlife Insurers Post Record Profits

3 Major Japanese Nonlife Insurers Post Record Profits

   Tokyo, May 21 (Jiji Press)--Three major Japanese nonlife insurance firms posted record consolidated net profits for the year ended March thanks to lower benefit payments related to the COVID-19 pandemic and a weak yen that boosted revenue at overseas operations.
   Tokio Marine Holdings Inc., Sompo Holdings Inc. and MS&AD Insurance Group Holdings Inc. said they saw a limited financial impact from scandals over fraudulent insurance claims involving used car dealer Bigmotor Co. and collusion to fix premiums for corporate clients.

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AFP-JIJI PRESS NEWS JOURNAL


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