Friday, March 3, 2017

A.M. BEST BRIEFING: JAPAN NON-LIFE INSURERS' IMPROVED OPERATING RESULTS SUPPORT INCREASED LEVELS OF FINANCIAL LEVERAGE

HONG KONG, March 2 (Bernama-BUSINESS WIRE) -- Japan's non-life insurance groups have reported moderate increases in their financial leverage, to an average 6.1% at year-end 2016 from 4.5% in March 2016, and interest rate coverage has remained stable, due to improvements in their operating results, according to a new A.M. Best briefing.

The Best's Briefing, titled, "Improved Operating Results for Japanese Non-Life Insurers Support Increased Level of Financial Leverage," states that the three major non-life insurance groups - MS&AD Insurance Group Holdings, Inc., Sompo Holdings, and Tokio Marine Holdings - saw their profitability improve over the nine months ending December 2016, mainly due to the absence of large-scale catastrophe losses in the domestic market. In addition, improved underwriting results and growing contributions from overseas insurance businesses offset the decrease in interest and dividend incomes. These major non-life insurance groups have reported premium income and earnings growth from their overseas businesses and the consolidations of recently acquired operations.
http://mrem.bernama.com/viewsm.php?idm=28529

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