February 28, 2015 2:59 PM ET

Insurance

Company Overview of Sompo Japan Nipponkoa Insurance Inc.

Company Overview

Sompo Japan Nipponkoa Insurance Inc. provides property and casualty insurance products in Japan and internationally. The company was formerly known as Sompo Japan Insurance Inc. and changed its name to Sompo Japan Nipponkoa Insurance Inc. in September 2014. The company was founded in 1888 and is headquartered in Tokyo, Japan. Sompo Japan Nipponkoa Insurance Inc. operates as a subsidiary of Sompo Japan Nipponkoa Holdings, Inc.

26-1, Nishi-Shinjuku 1-chome

Shinjuku-ku

Tokyo,  160-8338

Japan

Founded in 1888

21,987 Employees

Key Executives for Sompo Japan Nipponkoa Insurance Inc.

President, Executive Officer, Representative Director and Executive President of NKSJ Holdings Inc
Age: 58
Senior Managing Executive Officer and General Manager of Kyushu Regional Headquarters
Senior Managing Executive Officer, General Manager of Kanto Division, General Manager of Tokyo Division and Representative Director
Age: 59
Senior Managing Executive Officer and Director
Age: 59
Senior Managing Executive Officer and Director
Age: 56
Compensation as of Fiscal Year 2014.

Sompo Japan Nipponkoa Insurance Inc. Key Developments

Insurers Reportedly Eyes HALKB

Ageas (UK) Limited, Aviva plc (LSE:AV.), Zurich Insurance Co. (UK ) Ltd., Nippon Life Insurance Company, Sompo Japan Insurance Inc, Khazanah Nasional Berhad and ACE Limited (NYSE:ACE) are interesting to acquire stake in Turkiye Halk Bankasi A.S. (IBSE:HALKB), three sources close to the process said. "Talks were carried out with around 20 interested buyers. They will decide whether to participate in the sale process once the privatization document is out," one of the sources said, speaking on condition of anonymity as the matter is not public. "Five of them are in the process of hiring an adviser already," the source told Reuters. Citi is advising Halkbank on the sale. Ageas, Aviva, Meiji Yasuda, Nippon Life, Sompo Japan, Zurich and Turkey's privatization office all declined to comment. ACE and Khazanah were not immediately available to comment.

Sompo Japan Insurance Inc. Reports Non-Consolidated Earnings Results for the Full Year Ended March 31, 2014

Sompo Japan Insurance Inc. reported non-consolidated earnings results for the full year ended March 31, 2014. For the year, the company reported ordinary profit of JPY 68,079 million compared to JPY 65,058 million for the same period a year ago. Net income was JPY 27,350 million compared to JPY 29,137 million last year. Net income before income taxes was JPY 45,603 million compared to JPY 45,852 million last year. Return on investments (income base) was 2.20% compared to 2.28% last year. Return on investments (realized base) was 4.04% compared to 3.93% last year.

Sompo Japan Insurance Inc. Revised Earnings Forecast for the Fiscal Year Ended March 31, 2014

Sompo Japan Insurance Inc. revised earnings forecast for the fiscal year ended March 31, 2014. The company revised forecast of ordinary income of JPY 1,413.8 billion, ordinary profit of JPY 68 billion and net income of JPY 27.3 billion compared to previously provided guidance ordinary income of JPY 1,390.5 billion, ordinary profit of JPY 91.7 billion and net income of JPY 48.6 billion.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 10, 2014
Nishi-Nippon Credit Guarantee Company
Merger/Acquisition
October 8, 2014
Yasuda Seguros S.A.
Merger/Acquisition
July 14, 2014
Nissin Tatemono Co., Ltd.
 

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