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Tokio Marine Holdings Inc. recorded a 42% year-on-year increase in net profit to 184 billion Japanese yen ($1.8 billion) for the year ended March 31, The Japan News reports citing Jiji Press.
MS&AD Insurance Group Holdings Inc. saw net profit rise 12% to JPY 93.4 billion, while NKSJ Holdings Inc. posted a 1.3% increase to JPY 44.1 billion. The growth was attributed to solid fire and automobile insurance sales and expansion in overseas businesses.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms