MS&AD Insurance Group Holdings Inc
8725: XNGO (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| — | — | — | Khynpvgs |
MS&AD Earnings: Improved P&C Underwriting Margins and Accelerated Equity Sales to Boost Profit
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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.