MS&AD Insurance Group Holdings, Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2018; Reaffirms Consolidated Earnings Guidance for the Year Ending March 31, 2019
MS&AD Insurance Group Holdings, Inc. reported consolidated earnings results for the six months ended September 30, 2018. For the period, on consolidated basis, the company reported net premiums written (non-life insurance) of ¥1,876,000 million against ¥1,864,100 million a year ago. Ordinary profit was ¥75,300 million against ¥131,500 million a year ago. Net income attributable to owners of the parent was ¥46,300 million against ¥75,700 million a year ago. Investment income was ¥349,300 million against ¥429,900 million a year ago. Income before income taxes was ¥62,800 million against ¥113,200 million a year ago. Ordinary income was ¥2,962,888 million against ¥2,889,833 million a year ago. Net income attributable to owners of the parent per share - Diluted was ¥78.62 against ¥127.88 a year ago.
The company reaffirmed consolidated earnings guidance for the year ending March 31, 2019. For the period, the company currently expects net premiums written (non-life insurance) of ¥3,470,000 million, ordinary profit of ¥290,000 million and net income attributable to owners of the parent of ¥200,000 million or ¥341.17 per share compared to previously forecast net premiums written (non-life insurance) of ¥3,480,000 million, ordinary profit of ¥295,000 million and net income attributable to owners of the parent of ¥200,000 million.
MS&AD Insurance Group Holdings, Inc. is a Japan-based company mainly engaged in the insurance business. The Company has six business segments. The domestic non-life insurance business includes three segments: Mitsui Sumitomo Insurance, Aioi Nissay Dowa Insurance, Mitsui Direct General Insurance. The business is engaged in the sale of fire insurance, marine insurance, accident insurance, automobile insurance and other non-life insurance products in Japan. The domestic life insurance business includes two segments: Mitsui Sumitomo Aioi Life Insurance, Mitsui Sumitomo Primary Life Insurance. The business is engaged in the sale of personal insurance, personal annuity insurance, group insurance and other life insurance products in Japan. The Overseas Business segment is engaged in the insurance business in the United States, Europe, East Asia, Southeast Asia, South Asia, Australia and other regions. The Company is also engaged in the financial services business and risk related business.
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MS&AD Insurance Group Holdings, Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2018; Reaffirms Consolidated Earnings Guidance for the Year Ending March 31, 2019
