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May 05, 2015 9:29 PM ET

Insurance

Company Overview of Mitsui Sumitomo Insurance Co., Ltd.

Company Overview

Mitsui Sumitomo Insurance Co., Ltd. provides insurance and financial services. It serves its customers through a network of agents in Japan. Mitsui Sumitomo Insurance Co., Ltd. was formerly known as Mitsui Marine & Fire Insurance Co., Ltd. and changed its name to Mitsui Sumitomo Insurance Co., Ltd. in October, 2001, following the merger with Sumitomo Marine & Fire Insurance Co., Ltd. The company was founded in 1918 and is based in Tokyo, Japan. Mitsui Sumitomo Insurance Co., Ltd. operates as a subsidiary of MS&AD Insurance Group Holdings, Inc.

9, Kanda-Surugadai

3Chome

Chiyoda-ku

Tokyo,  101-8011

Japan

Founded in 1918

15,002 Employees

Phone:

81 3 3297 1111

Fax:

81 3 3297 6888

Key Executives for Mitsui Sumitomo Insurance Co., Ltd.

Chief Executive Officer and President
Age: 64
Senior Executive Officer and Director
Age: 61
Senior Executive Officer
Senior Executive Officer and Director
Senior Executive Officer
Compensation as of Fiscal Year 2014.

Mitsui Sumitomo Insurance Co., Ltd. Key Developments

Mitsui Sumitomo Insurance Co., Ltd. Announces Non Consolidated Earnings Results for the Nine Months Ended December 31, 2014

Mitsui Sumitomo Insurance Co., Ltd. announced non consolidated earnings results for the nine months ended December 31, 2014. For the period, the company reported ordinary profit of JPY 153,600 million compared to JPY 124,200 million a year ago. Income before income taxes was JPY 153,900 million compared to JPY 121,600 million a year ago. Net income was JPY 111,200 million compared to JPY 121,600 million a year ago. Net premiums written were JPY 1,078,800 million against JPY 1,030,900 million a year ago. Underwriting profit was JPY 38,600 million against JPY 37,100 million a year ago.

Mitsui Sumitomo Insurance Co., Ltd. Announces Non Consolidated Financial Results for the First Quarter Ended June 30, 2014

Mitsui Sumitomo Insurance Co., Ltd. announced non consolidated financial results for the first quarter ended June 30, 2014. For the quarter, the company reported ordinary income of ¥434,784 million against ¥464,024 million a year ago. Ordinary profit was ¥35,062 million against ¥66,697 million a year ago. Income before income taxes was ¥35,720 million against ¥65,811 million a year ago. Net income was ¥24,456 million against ¥48,836 million a year ago.

Mitsui Sumitomo Insurance to Team Up with XA Corporate Solutions SA and Assicurazioni Generali SpA

Mitsui Sumitomo Insurance Co. announced that it will team up with AXA Corporate Solutions SA of France and Assicurazioni Generali SpA of Italy to boost nonlife insurance business for coporate clients. The three firms plan to share their sales networks and strengthen support for Japanese companies operating abroad.

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