trending Market Intelligence /marketintelligence/en/news-insights/trending/QV2vYiLXlwj_5DegPsgR3Q2 content esgSubNav
In This List

Earnings roundup: Dai-ichi Life, Tokio Marine book higher earnings YOY

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Earnings roundup: Dai-ichi Life, Tokio Marine book higher earnings 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.'s net income attributable to shareholders of the parent company in the quarter ended June 30 rose 24.9% to ¥51.77 billion from ¥41.44 billion a year ago.

EPS increased year over year to ¥45.23 from ¥35.54. Ordinary revenues rose 8.5% to ¥1.830 trillion from ¥1.688 trillion. Ordinary profit jumped 29.1% to ¥105.09 billion from ¥81.40 billion.

_________________________

Japan Post Insurance Co. Ltd.'s net income attributable to the company for the fiscal quarter ended June 30 fell 0.9% to ¥33.78 billion from ¥34.09 billion a year earlier.

Net income per share increased year over year to ¥59.59 from ¥56.83. Ordinary profit dropped 25.6% to ¥56.00 billion from ¥75.25 billion, and ordinary income fell 8.1% to ¥1.819 trillion from ¥1.979 trillion.

_________________________

Sumitomo Life Insurance Co. logged a net loss attributable to the parent company for the fiscal quarter ended June 30 of ¥3.41 billion, versus a surplus of ¥9.17 billion a year ago.

Ordinary income dropped year over year to ¥880.07 billion from ¥884.14 billion. Ordinary profit slid to ¥4.34 billion from ¥40.48 billion.

_________________________

Meiji Yasuda Life Insurance Co. posted a 29.3% year-over-year decline in net profit for the quarter ended June 30, as premiums and investment income fell.

The insurer's fiscal first-quarter net surplus attributable to the parent fell to ¥30.81 billion from ¥43.55 billion in the prior-year period.

Ordinary income dropped to ¥991.84 billion from ¥1.052 trillion, and ordinary profit fell to ¥42.47 billion from ¥75.68 billion.

Property and casualty

Tokio Marine Holdings Inc.'s net income for the fiscal quarter grew 10.8% from a year earlier, thanks to a decline in natural catastrophes in Japan and growth in its overseas business.

For the three months ended June 30, net income attributable to owners of the parent rose to ¥112.71 billion from ¥101.74 billion in the prior-year period. EPS rose year over year to ¥159.46 from ¥140.24.

Ordinary income fell slightly to ¥1.394 trillion from ¥1.398 trillion, while ordinary profit gained 8.7% to ¥150.06 billion from ¥138.06 billion.

Meanwhile, Tokio Marine & Nichido Fire Insurance Co. Ltd.'s net income rose to ¥79.17 billion from ¥77.50 billion.

_________________________

Sompo Holdings Inc.'s net income for the fiscal first quarter ended June 30 declined 44.9% year over year on higher impairment losses.

The insurer's consolidated net income attributable to shareholders fell to ¥30.56 billion from ¥55.51 billion in the year-ago period. EPS dropped to ¥82.15 from ¥146.89.

Ordinary profit for the quarter fell to ¥42.90 billion from ¥72.77 billion, while ordinary income rose to ¥1.017 trillion from ¥993.99 billion.

_________________________

Samsung Fire & Marine Insurance Co. Ltd.'s second-quarter net profit dropped 46.4% to 195.3 billion South Korean won from 364.5 billion won a year ago.

EPS was 4,903 won, compared to 9,152 won.

As of Aug. 8, US$1 was equivalent to ¥106.13 and 1,207.19 South Korean won.