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MS&AD Insurance completes share repurchase

MS&AD Insurance Group Holdings Inc. repurchased 8,714,200 of its own shares for approximately ¥29.98 billion to complete a share repurchase program.

The board of directors in May authorized the repurchase of up to 10 million shares for a maximum of ¥30 billion.

The company repurchased 2,927,400 shares for ¥9.97 billion in August. The buyback program was originally scheduled to end Sept. 14.

As of Sept. 3, US$1 was equivalent to ¥111.06.