MS&AD Insurance Group Holdings, Inc. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
May 21, 2019 at 01:43 am EDT
Share
MS&AD Insurance Group Holdings, Inc. reported consolidated earnings results for the year ended March 31, 2019. For the year, the company reported underwriting income of JPY 4,918,626 million compared to JPY 4,648,110 million a year ago. Net premiums written was JPY 3,497,572 million compared to JPY 3,440,976 million a year ago. Investment income was JPY 561,169 million compared to JPY 550,838 million a year ago. Ordinary profit was JPY 290,847 million compared to JPY 211,548 million a year ago. Net income was JPY 194,382 million compared to JPY 153,884 million a year ago. Net income attributable to owners of the parent per diluted share amounted to JPY 328.60 compared to JPY 259.98 a year ago. Net income attributable to owners of the parent per basic share was JPY 328.72 compared to JPY 260.04 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, ordinary profit of JPY 298,000 million and net income attributable to owners of the parent of JPY 200,000 million or JPY 342.63 per share.
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.
MS&AD Insurance Group Holdings, Inc. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020