MS&AD Insurance Group Holdings Inc

8725: XNGO (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎2,655.00	Fbnh	Stfzphyjw

MS&AD Earnings: Improved P&C Underwriting Margins and Accelerated Equity Sales to Boost Profit

Lorraine Tan , Iris Tan

May 21, 2024

MS&AD Insurance’s fiscal 2023 (ended March 2024) adjusted net profit of JPY 380 billion grew 71% year on year, helped by a broad-based turnaround in the domestic property and casualty, life, and overseas businesses. This exceeded revised April guidance of JPY 350 billion by 9%. Fiscal 2024 adjusted net profit is guided at JPY 630 billion, up 66% year on year and above market expectations, driven by 129% and 9.7% growth in the domestic P&C and overseas businesses.

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