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In This List

Earnings roundup: Tokio Marine, MS&AD log higher fiscal 9-month net income YOY

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Earnings roundup: Tokio Marine, MS&AD log higher fiscal 9-month net income YOY

With earnings season in gear, S&P Global Market Intelligence presents a snapshot of recently reported financial results for companies in the insurance space.

Life and health

Dai-ichi Life Holdings Inc. reported a 15.5% year-over-year decline in net income for the nine months ended Dec. 31, 2019.

The Japanese insurer's net income attributable to shareholders of the parent company amounted to ¥127.44 billion, down from ¥150.85 billion in the prior-year fiscal period.

Net income per share decreased on a yearly basis to ¥111.79 from ¥129.83.

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Japan Post Insurance Co. Ltd.'s net income attributable to the company for the fiscal nine months ended Dec. 31, 2019, rose to ¥115.01 billion from ¥96.68 billion a year ago.

Net income per share increased year over year to ¥203.95 from ¥161.18. The Tokyo-based insurer's ordinary profit climbed to ¥233.98 billion from ¥214.07 billion, while ordinary income declined 7.6% on a yearly basis to ¥5.462 trillion from ¥5.913 trillion.

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T&D Holdings Inc.'s net profit attributable to owners of the parent for the nine months ended Dec. 31, 2019, fell 17.2% to ¥50.81 billion from ¥61.33 billion in the prior-year period.

EPS declined to ¥82.49 from ¥97.69.

Ordinary profit fell 22.5% year over year to ¥91.54 billion from ¥118.10 billion, while ordinary revenues increased to ¥1.643 trillion from ¥1.598 trillion.

Multiline

Unipol Gruppo SpA reported preliminary full-year 2019 consolidated profit attributable to owners of the parent of €902.5 million, compared with €401.4 million a year ago.

Net premiums for the year increased on a yearly basis to €13.26 billion from €11.47 billion, with gross premiums at €13.72 billion, up from €11.89 billion in the year-ago period.

Mortgage guaranty

Essent Group Ltd. logged net income of nearly $147 million, or $1.49 per share, in the fourth quarter of 2019, up from $128.5 million, or $1.31 per share in the prior-year quarter.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was $1.44.

Net premiums written climbed to $196.5 million from $176.4 million, while net premiums earned for the quarter climbed to $207.7 million from $173.3 million in the fourth quarter of 2018.

Property and casualty

Tokio Marine Holdings Inc.'s net income attributable to owners of the parent for the fiscal nine months ended Dec. 31, 2019, edged up to ¥226.69 billion from ¥221.65 billion in the prior year.

EPS rose year over year to ¥321.87 from ¥307.79. Ordinary income ticked lower to ¥4.095 trillion from ¥4.110 trillion, while ordinary profit dropped to ¥299.22 billion from ¥309.24 billion.

The company's Tokio Marine & Nichido Fire Insurance Co. Ltd. unit logged net income of ¥156.31 billion, higher than ¥152.61 billion in the prior year.

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MS&AD Insurance Group Holdings Inc. reported net income attributable to owners of the parent of ¥269.93 billion for the nine months ended Dec. 31, 2019, up 54.2% from ¥175.08 billion in the prior-year period.

EPS for the period was ¥466.81, compared to ¥298.14 in the nine months ended Dec. 31, 2018.

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Sompo Holdings Inc. reported net income attributable to shareholders of the parent of ¥108.74 billion for the fiscal nine months ended Dec. 31, 2019, down from ¥118.43 billion a year earlier.

Net income per share decreased year over year to ¥295.68 from ¥316.22.

Sompo Japan Nipponkoa Insurance Inc.'s net income for the fiscal period came in at ¥82.27 billion, down from ¥108.48 billion a year earlier. The unit booked a core underwriting profit of ¥2.7 billion for the fiscal nine months, compared to a loss of ¥40.2 billion in the year-ago period.