Last year's financial results of the three major non-life insurance companies showed that there were few natural disasters in Japan, payments of insurance claims decreased, and distribution became active due to normalization of economic activities, resulting in a significant increase in income from marine insurance premiums. As a result, the final profits were all at record highs.
Tokio Marine Holdings, MS & AD Holdings, and SOMPO Holdings announced their financial results for the year ending March 20th.
According to this, the final profits of Tokio Marine increased by about 2.5 times compared to the previous year, MS & AD increased by 82%, SOMPO increased by 57%, and all three companies reached record highs.
This is due to the fact that there are few large-scale natural disasters such as typhoons in Japan and the payment of insurance money has decreased, the normalization of economic activities has progressed, and logistics have become active. This is due to an increase in income.
At a press conference, Tokio Marine Holdings Managing Director Kenji Okada said, "Insurance underwriting was generally strong due to the recovery from the effects of the new coronavirus. However, the economic outlook is uncertain due to concerns about further inflation depending on the situation in Ukraine. I want to watch the trends carefully. "