(Update) All 3 Major Japanese Nonlife Insurers Post Record Profits
Tokyo, Nov. 20 (Jiji Press)--All three major Japanese nonlife insurance firms posted record consolidated net profits in April-September thanks to gains from the sale of cross-held shares and strong overseas operations.
According to earnings reports for the first half of fiscal 2024 released on Tuesday, Tokio Marine Holdings Inc. saw its net profit surge some 3.4-fold from a year earlier to 688.5 billion yen, while MS&AD Insurance Group Holdings Inc.'s net profit was some 5.2 times larger at 458.9 billion yen. Sompo Holdings Inc.'s net profit roughly doubled to 262.2 billion yen.
(2024/11/20-13:05)
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