The Japanese insurance company MS&AD intends to invest up to 5 billion dollars to expand into the North American market.

The MS&AD Group, an insurance company in Tokyo, announced plans to invest up to approximately 700 billion yen (5 billion USD) to expand its North American market in order to achieve the goal of doubling operating profit in the region. MS&AD forecasts that by the fiscal year ending March 2025, the net profit from North American operations, including Canada and Mexico, will reach 166 billion yen, an increase of 3.5 times compared to the previous fiscal year.

AASTOCKSApr 22 01:27

Express News | Japanese insurance companies sold a record scale of ultra-long-term Japanese government bonds in March.

BreakingsApr 21 08:13

Japanese insurance giant expects the central bank to raise interest rates to 1%, accelerating the yen bond replacement plan.

The newly appointed president of Japan Life Insurance Company stated that in light of the anticipated increase in the Bank of Japan's interest rates to 1% within the next 12 months, the company will adjust its domestic Bonds investment portfolio to respond to the rising yields.

Zhitong FinanceApr 1 07:07

Nippon Insurance --- In the first quarter, there was a double-digit increase in both revenue and profit, with the core guarantee business achieving a double-digit increase in both revenue and profit.

Nippon Insurance <5843> announced its financial results for the first quarter of the fiscal year ending September 2025 (October-December 2024) on the 14th. Revenue increased by 14.0% year-on-year to 0.879 billion yen, operating profit rose by 41.9% to 0.156 billion yen, ordinary profit increased by 57.6% to 0.157 billion yen, and quarterly net profit grew by 42.6% to 0.109 billion yen. Revenue from the warranty business was 0.822 billion yen (up 14.4% year-on-year), with segment profit at 0.233 billion yen (up 31.0% year-on-year).

Fisco JapanFeb 17 19:09

Nippon Insure: Summary of financial results for the 1st quarter of the fiscal year ending September 2025 [Japanese GAAP] (unconsolidated)

JPXFeb 14 14:00 · Announcements

Nippon Insure: Presentation of financial results for the 1st quarter of the fiscal year ending September 2025

JPXFeb 14 14:00 · Announcements