July 23, 2014 6:49 PM ET

Insurance

Company Overview of Sompo Japan Insurance Inc.

Company Overview

Sompo Japan Insurance Inc. provides property and casualty insurance products in Japan and internationally. The company was founded in 1888 and is headquartered in Tokyo, Japan. Sompo Japan Insurance Inc. is a subsidiary of NKSJ Holdings, Inc.

26-1, Nishi-Shinjuku 1-chome

Shinjuku-ku

Tokyo,  160-8338

Japan

Founded in 1888

21,058 Employees

Key Executives for Sompo Japan Insurance Inc.

President
Age: 58
Senior Managing Executive Officer and General Manager of Kyushu Regional Headquarters
Senior Managing Executive Officer
Age: 59
Senior Managing Executive Officer and Director
Age: 59
Senior Managing Executive Officer and Director
Age: 56
Compensation as of Fiscal Year 2014.

Sompo Japan Insurance Inc. Key Developments

RSA To Sell Its Asian Operations

RSA Insurance Group plc (LSE:RSA) is looking to sell its Asian operations in an auction for approximately $500 million. Sompo Japan Insurance Inc., AXA Group (ENXTPA:CS) are considering the bids and QBE Insurance Group Ltd. (ASX:QBE) and Allianz SE (DB:ALV) also weighing their options. The Goldman Sachs Group, Inc. (NYSE:GS) advised RSA in the sale. AXA, Allianz, QBE, Sompo Japan and RSA declined to comment. Goldman Sachs also declined to comment.

Sompo Japan Insurance Inc. Reports Non-Consolidated Earnings Results for the Full Year Ended March 31, 2014

Sompo Japan Insurance Inc. reported non-consolidated earnings results for the full year ended March 31, 2014. For the year, the company reported ordinary profit of JPY 68,079 million compared to JPY 65,058 million for the same period a year ago. Net income was JPY 27,350 million compared to JPY 29,137 million last year. Net income before income taxes was JPY 45,603 million compared to JPY 45,852 million last year. Return on investments (income base) was 2.20% compared to 2.28% last year. Return on investments (realized base) was 4.04% compared to 3.93% last year.

Sompo Japan Insurance Inc. Revised Earnings Forecast for the Fiscal Year Ended March 31, 2014

Sompo Japan Insurance Inc. revised earnings forecast for the fiscal year ended March 31, 2014. The company revised forecast of ordinary income of JPY 1,413.8 billion, ordinary profit of JPY 68 billion and net income of JPY 27.3 billion compared to previously provided guidance ordinary income of JPY 1,390.5 billion, ordinary profit of JPY 91.7 billion and net income of JPY 48.6 billion.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 14, 2014
Sompo Japan Diy Life Insurance Co., Ltd.
Merger/Acquisition
February 14, 2014
The Dai-ichi Frontier Life Insurance Co., Ltd.
Merger/Acquisition
December 18, 2013
Canopius Group Limited
 

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