July 28, 2017 6:18 AM ET

Insurance

Company Overview of Mitsui Sumitomo Insurance Co., Ltd.

Company Overview

Mitsui Sumitomo Insurance Co., Ltd. provides non-life insurance products in Japan. Its non-life insurance products include fire and allied, marine, personal accident, voluntary automobile, compulsory automobile liability, and other non-life insurance products. The company was founded in 1918 and is headquartered in Tokyo, Japan. Mitsui Sumitomo Insurance Co., Ltd. is a subsidiary of MS&AD Insurance Group Holdings, Inc.

9, Kanda-Surugadai 3Chome

Chiyoda-ku

Tokyo,  101-8011

Japan

Founded in 1918

14,859 Employees

Key Executives for Mitsui Sumitomo Insurance Co., Ltd.

Chief Executive Officer, President and Representative Director
Age: 62
Chairman and Chairman Executive Officer
Age: 67
Senior Executive Officer and Director
Senior Executive Officer
Senior Executive Officer and Director
Compensation as of Fiscal Year 2017.

Mitsui Sumitomo Insurance Co., Ltd. Key Developments

Mitsui Sumitomo Insurance Co., Ltd. Declares Dividend for the Full Year Ended March 31, 2017, Payable on June 27, 2017; Provides Dividend Guidance for the First Half and Full Year Ending March 31, 2018

Mitsui Sumitomo Insurance Co., Ltd. declared dividend of ¥70.00 per share for the full year ended March 31, 2017 against ¥55.00 per share paid a year ago. The dividend is payable on June 27, 2017. The company expected to pay dividend of ¥65.00 per share for the first half of fiscal year ending March 31, 2018. The company expected to pay dividend of ¥65.00 per share for the fiscal year ending March 31, 2018.

Mitsui Sumitomo Insurance Co., Ltd. Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Non-Consolidated Earnings Guidance for the Year Ending March 31, 2018

Mitsui Sumitomo Insurance Co., Ltd. reported non-consolidated earnings results for the year ended March 31, 2017. For the year, net premiums written were JPY 1,469,600 million against JPY 1,507,400 million a year ago. Ordinary profit was JPY 215,500 million against JPY 167,800 million a year ago. Income before income taxes was JPY 208,400 million against JPY 156,100 million a year ago. Net income was JPY 164,500 million against JPY 113,900 million a year ago. For the year ending March 31, 2018, on non-consolidated basis, the company expects net premiums written of JPY 1,488,000 million, ordinary profit of JPY 225,000 million and net income attributable to owners of the parent of JPY 166,000 million.

Mitsui Sumitomo Insurance Co., Ltd. Reports Non- Consolidated Earnings Results for the Nine Months Ended December 31, 2016

Mitsui Sumitomo Insurance Co., Ltd. reported non- consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported ordinary income was ¥1,333,885 million compared to ¥1,389,092 million a year ago. Ordinary profit was ¥168,954 million against ¥138,998 million for the same period in the last year. Income before income tax was ¥165,340 million against ¥127,473 million for the same period in the last year. Net income was ¥125,178 million against ¥100,144 million for the same period in the last year. Net premiums written was ¥1,104,300 million compared to ¥1,146,300 million a year ago. Underwriting profit was ¥67,500 million compared to ¥16,600 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 26, 2016
Miyagin Guarantee Co., Ltd.
Merger/Acquisition
August 8, 2016
Max Life Insurance Company Limited
 

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