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Toa Reinsurance posts $103m profit in full-year earnings

Ordinary income contracted by 5.8% YoY to $2.17m during the year.

Toa Reinsurance’s full-year (FY 2024) net income surged (534.9%) on a year-on-year (YoY) basis to $103m (¥15.56b).

Ordinary income contracted by 5.8% YoY to $2.17m (¥329.07m).

Similarly, the company’s ordinary expenses slimmed down by 8.9% YoY to $1.90m (¥288.087m).

This led to a net profit of $0.14m (¥21.20m).
 

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