October 23, 2014 5:24 PM ET

Insurance

Company Overview of Nipponkoa Insurance CO., Ltd.

Company Overview

As of September 1, 2014, Nipponkoa Insurance CO., Ltd. was acquired by Sompo Japan Nipponkoa Insurance Inc. NIPPONKOA INSURANCE CO., LTD., together with its subsidiaries, provides a range of non-life insurance and life insurance products and services primarily in Japan. The company offers voluntary and compulsory automobile, fire, personal accident, marine, medical, and liability insurance. It also offers various pension plans; sells investment fund; and provides fund management services. In addition, the company provides a range of reinsurance services. It markets its products and services through core agencies, car dealers, financial institutions, life insurance companies, car repair shops...

3-7-3 Kasumigaseri

Chiyoda-ku

Tokyo,  100-8965

Japan

Founded in 1892

10,268 Employees

Phone:

81 3 3593 3111

Fax:

81 3 3593 5159

Key Executives for Nipponkoa Insurance CO., Ltd.

Nipponkoa Insurance CO., Ltd. does not have any Key Executives recorded.

Nipponkoa Insurance CO., Ltd. Key Developments

NIPPONKOA Insurance Co., Ltd. Reports Non-Consolidated Earnings Results for the Full Year Ended March 31, 2014

NIPPONKOA Insurance Co., Ltd. reported non-consolidated earnings results for the full year ended March 31, 2014. For the year, the company reported ordinary profit of JPY 49,685 million compared to JPY 64,580 million for the same period a year ago. Net income was JPY 22,173 million compared to JPY 33,332 million last year. Net income before income taxes was JPY 29,311 million compared to JPY 47,816 million last year. Return on investments (income base) was 2.34% compared to 2.15% last year. Return on investments (realized base) was 5.54% compared to 4.15% last year.

Nipponkoa Insurance CO., Ltd. Revised Earnings Forecast for the Full Year Ended March 31, 2014

Nipponkoa Insurance CO., Ltd. revised earnings forecast for the full year ended March 31, 2014. The company revised forecast of net premiums written of JPY 668.3 billion, ordinary profit of JPY 49.6 billion and net income of JPY 22.1 billion compared to previously provided guidance net premiums written of JPY 657.5 billion, ordinary profit of JPY 57.7 billion and net income of JPY 32 billion.

NIPPONKOA Insurance Company, Limited Announces Non-Consolidated Earnings Results for the Six Months Ended September 30, 2013; Revises Earnings Guidance for the Full Year Ending March 31, 2014

NIPPONKOA Insurance Company, Limited announced non-consolidated earnings results for the six months ended September 30, 2013. For the period, the company reported ordinary profit of JPY 24,972 million compared to JPY 26,178 million a year ago. Net income was JPY 15,578 million compared to JPY 18,097 million a year ago. Net income before income taxes of JPY 18,052 million compared to JPY 23,841 million a year ago. Underwriting loss was JPY 2,689 million compared to underwriting profit of JPY 9,788 million a year ago. Ordinary income was JPY 417,088 million compared to JPY 441,232 million a year ago. For the year ending March 31, 2014, the company expects ordinary profit of JPY 577 million, net income of JPY 320 million, gross investment margin of JPY 750 million, underwriting loss of JPY 129 million and net premiums written of JPY 6,575 million against previously expected ordinary profit of JPY 525 million, net income of JPY 300 million, gross investment margin of JPY 640 million, underwriting loss of JPY 50 million and net premiums written of JPY 6,500 million.

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