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Earnings roundup: MS&AD, Sompo fiscal-year earnings up 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.

Property and casualty

Tokio Marine Holdings Inc. announced a 3.4% drop in net income attributable to owners of the parent for the fiscal year ended March 31 to ¥274.58 billion from ¥284.18 billion a year ago.

EPS ticked up slightly year over year to ¥382.69 from ¥382.47. Ordinary income rose 1.4% to ¥5.477 trillion, while ordinary profit jumped 20.7% to ¥416.33 billion from ¥344.94 billion.

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MS&AD Insurance Group Holdings Inc. said net income attributable to owners of the parent for the fiscal year ended March 31 jumped 25.1% to ¥192.71 billion from ¥154.06 billion a year ago.

EPS increased year over year to ¥328.60 from ¥259.98. Ordinary profit surged 37.5% to ¥290.85 billion from ¥211.55 billion, while ordinary income rose 5.4% to ¥5.500 trillion from ¥5.218 trillion.

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Sompo Holdings Inc. logged net income attributable to shareholders of the parent of ¥146.63 billion for the fiscal year ended March 31, up 4.9% from ¥139.82 billion a year ago.

EPS increased year over year to ¥391.96 from ¥361.09. Ordinary income fell 3.4% to ¥3.643 trillion, while ordinary profit was up 40.2% to ¥198.96 billion from ¥141.89 billion.

As of May 20, US$1 was equivalent to ¥109.95.