Insurance
Company Overview of Mitsui Sumitomo Insurance Co., Ltd.
Company Overview
Mitsui Sumitomo Insurance Co., Ltd. provides non-life insurance which includes property and casualty insurance. The company was formerly known as Mitsui Marine & Fire Insurance Co., Ltd. and changed its name to Mitsui Sumitomo Insurance Co., Ltd. in October 2001 following the merger with The Sumitomo Marine & Fire Insurance Co., Ltd. The company was founded in 1918 and is based in Tokyo, Japan. Mitsui Sumitomo Insurance Co., Ltd. operates as a subsidiary of MS&AD Insurance Group Holdings, Inc.
27-2, Shinkawa 2-Chome
Chuo-ku
Tokyo, 104-8252
Japan
Founded in 1918
Key Executives for Mitsui Sumitomo Insurance Co., Ltd.
Mitsui Sumitomo Insurance Co., Ltd. Key Developments
Mitsui Sumitomo Insurance Co., Ltd. announced non consolidated financial results for the nine months ended December 31, 2012. For the period, the company reported net premiums written of ¥9,801,000 million against ¥9,470,000 million a year ago. Ordinary profit was ¥851,000 million against ordinary loss of ¥1,330,000 million a year ago. Net income was ¥605,000 million against net loss of ¥1,166,000 million a year ago. Income before income taxes was ¥853,000 million against loss before income taxes of ¥1,326,000 million a year ago.
Mitsui Sumitomo Insurance Co., Ltd. announced non-consolidated earnings results for the six months ended September 30, 2012. For the period, on non-consolidated basis, the company reported ordinary income of JPY 940,612 million compared to JPY 882,442 million a year ago. Ordinary profit was JPY 12,638 million compared to JPY 8,254 million a year ago. Net income was JPY 10,224 million compared to JPY 5,326 million a year ago. Income before income taxes was JPY 13,351 million compared to JPY 4,276 million a year ago. For the year ending March 31, 2013, the company expects non-consolidated net premiums written of JPY 1,302.0 billion compared to previously expected net premiums written of JPY 1,290.0 billion. The company expects ordinary profit of JPY 38.0 billion compared to previously expected ordinary profit of JPY 70.0 billion. The company expects net income of JPY 26.0 billion compared to previously expected net income of JPY 47.0 billion.
Mitsui Sumitomo Insurance Co., Ltd. Presents at 13th Annual AVCJ Japan Forum, Sep-14-2012 12:30 PM. Venue: Conrad, Tokyo, Japan. Speakers: Hiroko Oda, Manager, Investment Department.
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To contact Mitsui Sumitomo Insurance Co., Ltd., please visit www.ms-ins.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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