Sompo Holdings Inc (OTCPK:NHOLF)
$ 19.5 0 (0%) Market Cap: 19.87 Bil Enterprise Value: 15.29 Bil PE Ratio: 5.93 PB Ratio: 1.20 GF Score: 64/100
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Full Year 2023 Sompo Holdings Inc Earnings Call Transcript

May 19, 2023 / 10:00AM GMT
Release Date Price: $14.81 (+3.66%)
Tsutomu Yamaguchi
Sompo Holdings, Inc. - Senior VP, Group Deputy CFO & GM of Office of Group CFO

Good evening, ladies and gentlemen. I am Yamaguchi, Group Deputy CFO. You may be tired by now attending earnings announcement of all three mega insurance groups, and ours is the last one. And I am going to highlight three things as an executive summary.

First, please go to Page 3. Let me talk about three key points. First, the overview of the results in FY 2022, as you can see at the beginning of the slide, although the top line grew significantly. The bottom line profit declined a lot due to one-off factors such as natural disasters and COVID-19.

On the other hand, we can interpret that FY 2021, 2 years ago, profit was inflated by factors such as COVID-19. Therefore, adjusted consolidated profit on a normal year basis in FY 2022, excluding three factors, stayed at a growing trend.

Second, FY 2023 guidance. In the absence of one-off negative factors we had in FY 2022 as well as underwriting profit growth in overseas, increase in investment income, including conglomerate

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