MS Amlin owner declares full-year financials

MS Amlin owner declares full-year financials | Insurance Business America

MS Amlin owner declares full-year financials

MS&AD Insurance Group Holdings, the parent firm of MS Amlin, has revealed its business results for the year ended March 31, 2022.

According to the summary of financial statements published by the Japan-headquartered insurance group, MS&AD’s net income attributable to owners of the parent surged 82% to ¥262.8 billion.

Ordinary income for the period spanning April 01, 2021, to March 31, 2022, went up by 4.9% to ¥5.1 trillion, while ordinary profit grew 27.4% to ¥390.5 billion.

Broken down in terms of source, here are the yearly numbers for MS&AD:

Net income attributable to owners of the parent

Year ended March 31, 2022

Year ended March 31, 2021

Mitsui Sumitomo Insurance

¥145.7 billion

¥144.3 billion

Aioi Nissay Dowa Insurance

¥53.9 billion

¥21.6 billion

Mitsui Direct General Insurance

¥700 million

¥800 million

Mitsui Sumitomo Aioi Life Insurance

¥21 billion

¥11.9 billion

Mitsui Sumitomo Primary Life Insurance

¥53 billion

¥43.1 billion

Overseas insurance subsidiaries

¥24.5 billion

¥(3.1 billion)

Others, consolidation adjustments, etc.

¥(36.3 billion)

¥(22.1 billion)

     

For the next full year, MS&AD is expecting an 8.7% decline in net income attributable to owners of the parent, to around ¥240 billion.