MS&AD Insurance Group Holdings Inc
8725: XNGO (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥3,317.00 | Qtmsc | Dbbcvfh |
MS&AD Earnings: Lifting Estimates and Valuation but Share Price Reflects Positive Surprise
The December quarter earnings for Japan’s leading insurers Tokio Marine and MS&AD reflect a solid performance in their nonlife profit and, for MS&AD, a surprisingly strong performance at its overseas business, Amlin. We think the impact of higher prices is flowing through to their bottom lines, which is also seen at Amlin.