MS&AD Insurance Group Holdings Inc (OTCPK:MSADY)

Full Year 2026 MS&AD Insurance Group Holdings Inc Earnings Call Transcript

May 20, 2026 / 10:59 AM GMT

Release Date Price: $28.5 (+0.49%)

Transcript

Key Points

Positve

MS&AD Insurance Group Holdings Inc (MSADF) reported a record high consolidated net income of JPY787.3 billion for fiscal year 2025, an increase of JPY95.6 billion from the previous year.
Group adjusted profit reached a record JPY1,000.9 billion, up JPY269.1 billion year-on-year, driven by significant profit growth in both domestic non-life insurance and international businesses.
Net premiums written at domestic non-life insurance businesses increased by JPY122.6 billion year-on-year, driven by higher revenues in automobile and fire insurance.
Overseas subsidiaries saw a rise in net premiums written by JPY207.8 billion year-on-year, with strong performance in the Americas and Europe.
The company plans to increase its annual dividend to JPY170 per share for fiscal year 2026, representing an increase of JPY10 from the previous year, and intends to repurchase a total of JPY270 billion worth of shares.

Negative

Consolidated net income for the domestic life insurance business decreased by JPY74.9 billion year-on-year, primarily due to losses from Mitsui Sumitomo Aioi Life Insurance.
The company's ESR declined by 12 points from the previous fiscal year, standing at 214% as of the end of March 2026.
Adjusted profit on an IFRS basis was JPY918.9 billion, lower than the JPY1,000.9 billion under Japanese accounting standards, due to losses on onerous contracts and timing differences.
The fiscal year 2026 forecast projects adjusted profit of JPY800 billion, a decrease from the previous year's JPY1,000.9 billion.
Natural catastrophe losses are expected to rise, impacting the domestic non-life insurance businesses' projected adjusted profit.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

8725.T - MS&AD Insurance Group Holdings Inc
Full Year 2026 MS&AD Insurance Group Holdings Inc Earnings Call
May 20, 2026 / NTS GMT

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Conference Call Participants
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* Koki Sato
JPMorgan Chase & Co - Analyst
* Masao Muraki
SMBC Nikko Securities Inc - Analyst
* Naruhiko Sakamaki
Mizuho Securities Co Ltd - Analyst
* Kazuki Watanabe
Daiwa Securities Capital Markets Co Ltd - Analyst
* Ryusei Mashima
Tokai Tokyo Intelligence Laboratory Co - Analyst
* Natsumu Tsujino
Bofa Merrill Lynch Asset Holdings Inc - Analyst
* Futoshi Sasaki
Nomura Securities International Inc - Analyst

=====================
Presentation
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Unidentified Company Representative_1, [1]
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Ladies and gentlemen, esteemed investors and

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