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Income outlook for major nonlife insurers remains favorable

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Financial results

U.S.-based credit ratings agency S&P Global Ratings Inc. expects the aggregate net income of Japan’s three major nonlife insurers to remain favorable this year after their net income more than doubled in 2021, Reinsurance News reported. S&P expects growth in the insurers’ overseas and domestic nonlife insurance businesses this year as long as natural disaster-related losses remain at normal levels in Japan.

 

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