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August 30, 2015 10:34 PM ET

Insurance

Company Overview of Mitsui Sumitomo Insurance Co., Ltd.

Company Overview

Mitsui Sumitomo Insurance Co., Ltd. provides non-life insurance products and services in Japan. It underwrites various insurance products, including fire and allied, marine, personal accident, voluntary automobile, compulsory automobile liability, and other non-life insurance products. The company was incorporated in 2008 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 2008

14,859 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: 65
Vice President, Executive Officer and Director
Age: 63
Senior Executive Officer and Director
Age: 62
Vice President, Executive Officer and Director
Senior Executive Officer
Compensation as of Fiscal Year 2015.

Mitsui Sumitomo Insurance Co., Ltd. Key Developments

Mitsui Sumitomo Insurance Co., Ltd. Announces Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2015

Mitsui Sumitomo Insurance Co., Ltd. announced non-consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported ordinary profit of JPY 55,500 million compared to JPY 35,000 million a year ago. Income before income taxes was JPY 54,700 million compared to JPY 35,700 million a year ago. Net income was JPY 44,100 million compared to JPY 24,400 million a year ago. Net premiums written was JPY 369,900 million compared to JPY 355,100 million a year ago.

Mitsui Sumitomo Insurance Co., Ltd. to Open New Office in Queretaro

Mitsui Sumitomo Insurance Co., Ltd. has announced that it will expand its service infrastructure in Mexico by opening a new office in the central highlands regional headquarters of partner company, MAPFRE, located in Queretaro. This move is intended to enhance MSI's ability to provide insurance-related services to Japanese firms in Mexico, and along with its offices in the capital, Mexico City, and in Irapuato in the state of Guanajuato, will give MSI its third location in the country.

Mitsui Sumitomo Insurance Co., Ltd. Revised Non-Consolidated Earnings Guidance for the Year Ended March 31, 2015

Mitsui Sumitomo Insurance Co., Ltd. revised non-consolidated earnings guidance for the year ended March 31, 2015. For the year, the company expects net premiums written of JPY 1,446.0 million against previous guidance of JPY 1,442.0 million. The company expects ordinary profit of JPY 171.0 million against previous guidance of JPY 130.0 million. The company expects net income of JPY 89.0 million against previous guidance of JPY 78.0 million.

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