Sompo Holdings Inc (OTCPK:NHOLF)
$ 19.5 -0.16789 (-0.85%) Market Cap: 19.87 Bil Enterprise Value: 15.40 Bil PE Ratio: 5.93 PB Ratio: 1.20 GF Score: 64/100
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Q2 2023 Sompo Holdings Inc Earnings Call Transcript

Nov 18, 2022 / 09:00AM GMT
Release Date Price: $14.21 (-3.66%)
Yukinori Kuroda

My name is Kuroda, for Sompo Holdings IR Department. Thank you for attending our earnings call in spite of your busy schedule. Today, we will first go over our first half results disclosed as well as our full year's forecast for FY 2022, focusing on numbers. It will be a concise 8-minute presentation, followed by a Q&A session.

As usual, our business strategy will be presented by the management, i.e., CEO, COO and CFO in our IR meeting to be held next week. Please also be noted that any forward-looking statements that could be contained in today's call represent our current projections and expectations about future events that may differ from actual results. Please turn to Page 3.

Here, we show highlights of first half results. Our first half consolidated net income for the entire group was minus JPY 20 billion with adjusted consolidated profit at JPY 50.8 billion, both marking a decline versus last year. Main points would be incurred loss increased at Sompo Japan and Himawari Life due to natural disasters and impacts from COVID, whereas net premiums written for Sompo

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