All 3 Major Japan Nonlife Insurers Log Record Net Profits

All 3 Major Japan Nonlife Insurers Log Record Net Profits

The logos of the three major Japanese nonlife insurers. From top to bottom, Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings.
The logos of the three major Japanese nonlife insurers. From top to bottom, Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings.

   Tokyo, May 21 (Jiji Press)--All three major Japanese nonlife insurance companies posted record consolidated net profits for the second straight year in fiscal 2024, which ended in March, driven by gains from the sale of cross-held shares, according to their earnings reports.
   Net profit went up some 1.5 times to 1,055.2 billion yen at Tokio Marine Holdings Inc., about 1.9 times to 691.6 billion yen at MS&AD Insurance Group Holdings Inc. and 1.7 pct to 422.9 billion yen at Sompo Holdings Inc.

(2025/05/21-16:47)

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