MS&AD Insurance Group Holdings Inc

8725: XNGO (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MS&AD Insurance Earnings: Adjusted Profit Beats but Fiscal 2026 Guidance Is Lackluster

Iris Tan

May 22, 2026

We have transferred coverage of MS&AD Insurance following fiscal 2025 results. Adjusted profit of JPY 1,001 billion beat guidance by JPY 240 billion on higher equity sales gains, low catastrophe losses, and higher investment income. Management is guiding for stable fiscal 2026 profit.

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MS&AD Insurance Group Holdings Inc

MS&AD Insurance Earnings: Adjusted Profit Beats but Fiscal 2026 Guidance Is Lackluster

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