MS&AD Insurance Group Holdings – the name behind the likes of MS Amlin and insurethebox – has released its financial statements for the nine months ended December 31, 2021.
According to the Japan-headquartered group, its net income attributable to owners of the parent for April 01 to December 31 last year amounted to ¥204.6 billion (around SG$2.38 billion). In the same span in 2020, the corresponding figure stood at ¥150.1 billion.
Broken down, here’s where MS&AD got its net income attributable to owners of the parent:
|
Net income attributable to owners of the parent |
9M ended December 31, 2021 |
9M ended December 31, 2020 |
|
Mitsui Sumitomo Insurance |
¥110.3 billion |
¥83.5 billion |
|
Aioi Nissay Dowa Insurance |
¥52.3 billion |
¥29.8 billion |
|
Mitsui Direct General Insurance |
¥2 billion |
¥2.1 billion |
|
Mitsui Sumitomo Aioi Life Insurance |
¥17 billion |
¥12.7 billion |
|
Mitsui Sumitomo Primary Life Insurance |
¥37 billion |
¥35.9 billion |
|
Overseas insurance subsidiaries |
¥14.1 billion |
¥(9 billion) |
|
Others, consolidation adjustments, etc. |
¥(28.3 billion) |
¥(5.2 billion) |
The overseas subsidiaries include global (re)insurer MS Amlin, which operates in the Lloyd’s, UK, Continental European, and Bermudian markets.
MS&AD consists of five business domains – domestic non-life insurance, domestic life insurance, international, financial services, and risk-related services. The group is led by president and chief executive Noriyuki Hara.
