MS&AD Insurance Group Holdings, Inc.

8725

JP3890310000

Property & Casualty Insurance

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
2,831 ^JPY	+0.50%		+2.02%	+53.14%

Apr. 26	MS&AD Insurance Group Holdings, Inc. Announces Board Changes	CI
Apr. 01	MS&AD Insurance Raises Fiscal 2024 Attributable Profit Forecast by 70 Billion Yen	MT

Japan's MS&AD to slash 6,300 jobs in domestic insurance business-Nikkei

November 22, 2022 at 02:54 am EST

TOKYO (Reuters) - Japan's MS&AD Insurance Group Holdings Inc will slash 6,300 jobs, or about 16% of its group workforce, in the domestic insurance business by March 2026, the Nikkei business daily reported on Tuesday.

The company aims to slash personnel costs and boost productivity through the use of information technology amid a rise in payouts for natural disasters, the paper said.

(Reporting by Chang-Ran Kim: Editing by Neil Fullick)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	NIKKEI 225	38,236 PTS	-0.10%	+0.79%	-
	SU GROUP HOLDINGS LIMITED	2.23 USD	+9.31%	+5.19%	29.55M

Latest news about MS&AD Insurance Group Holdings, Inc.

MS&AD Insurance Group Holdings, Inc. Announces Board Changes	Apr. 26	CI
MS&AD Insurance Raises Fiscal 2024 Attributable Profit Forecast by 70 Billion Yen	Apr. 01	MT
MS&AD Insurance Group Holdings, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024	Apr. 01	CI
Daiwa House REIT Investment Sets Interest Rates on 12 Billion Yen Bank Loans	Mar. 27	MT
Major Japanese Insurance Firms' Executives Face up to 50% Salary Cuts in Price-Fixing Fallout	Feb. 29	MT
Post Scandal, Japan's Top Insurers to Sell Cross-Shareholdings Amid Government's Order	Feb. 29	MT
MS&AD Insurance Group Holdings, Inc. Announces Change of Executive Officers	Feb. 29	CI
T2 Inc. announced that it has received funding from a group of investors	Feb. 19	CI
MS&AD Insurance Group's Attributable Profit Soars 102.6% in Fiscal Nine Months	Feb. 14	MT
MS&AD Insurance Group Holdings, Inc. Reports Earnings Results for the Nine Months Ended December 31, 2023	Feb. 14	CI
Japan's Nikkei cruises to 34-year peak, briefly breaching 38,000 range	Feb. 13	RE
Japan's Nikkei soars to 34-year high on chip shares, earnings	Feb. 12	RE
Japan's Top Insurers Fined by Financial Regulator Amid Price-Fixing Allegations	Dec. 26	MT
MS&AD Insurance Group Completes 10 Billion Yen Buyback Program	Dec. 25	MT
Tranche Update on MS&AD Insurance Group Holdings, Inc.'s Equity Buyback Plan announced on November 17, 2023.	Dec. 22	CI
MS&AD Insurance Group Holdings, Inc.'s Equity Buyback announced on November 17, 2023, has closed with 1,829,000 shares, representing 0.34% for ¥9,999.81 million.	Dec. 20	CI
Transcript : MS&AD Insurance Group Holdings, Inc. - Analyst/Investor Day	Dec. 14
MS&AD Insurance Buys Back 148,100 Shares for 811.45 Million Yen	Dec. 04	MT
Advance Residence Investment Refinances 1 Billion Yen Loan Due Month-End	Nov. 22	MT
MS&AD Insurance to Buy Back Shares for up to 10 Billion Yen	Nov. 20	MT
Japanese Shares Finish Moderately Lower on Monday Amid Profit-Taking	Nov. 20	MT
MS&AD Insurance Returns to Fiscal H1 Attributable Net Income as Ordinary Income Jumps 29%	Nov. 19	MT
MS&AD Insurance Group Holdings, Inc. announces an Equity Buyback for 3,000,000 shares, representing 0.56% for ¥10,000 million.	Nov. 17	CI
MS&AD Insurance Group Holdings, Inc. authorizes a Buyback Plan.	Nov. 16	CI
T2 Inc. announced that it has received ¥4.2 billion in funding from a group of investors	23-10-30	CI

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Company Profile

MS&AD Insurance Group Holdings, Inc. is a japaneese insurance group. Revenues break down by activity as follows: - non life insurance (58.5%): primarily automotive insurance, fire insurance, compulsory automobile liability insurance, accident insurance and marine insurance; - life insurance (26.4%; n°1 in Japan); - other (0.3%). The remaining revenues (14.8%) are from international activities.

Sector

Property & Casualty Insurance

Calendar

2024-05-19 - Q4 2023 Earnings Release

Related indices

Nikkei 225

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Ratings for MS&AD Insurance Group Holdings, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2,831 JPY

Average target price

2,650 JPY

Spread / Average Target

-6.39%

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Company calendar

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Other Property & Casualty Insurance

MS&AD Insurance Group Holdings, Inc.

Equities

8725

JP3890310000

Property & Casualty Insurance

Japan's MS&AD to slash 6,300 jobs in domestic insurance business-Nikkei

Stocks mentioned in the article

EPS Revisions