MS&AD net income doubles to $4.13b in 9M 2024

Thanks to higher ordinary profit, which surged 113.4% YoY.

MS&AD’s nine months to December (9M 2024) net income doubled (122.3%) on a year-on-year (YoY) basis to $4.13b (¥626.1b).

Thanks to higher ordinary profit, which surged 113.4% YoY to $5.45b (¥824.9b). 

Additionally, the period’s basic net income attributable to owners of the parent per share stood at $2.64 (¥400.16), higher than the $1.17 (¥176.5).

The company reported a $1.86b (¥281.9b) increase in ordinary income for the nine months ended December 31, 2024, reaching $34.51b (¥5,229.7b). 

This includes $26.56b (¥4,024.1b) in underwriting income, $7.65b (¥1,159.5b) in investment income, and $0.30b (¥46.0b) in other ordinary income.  

Ordinary expenses declined by $1.03b (¥156.3b) to $29.07b (¥4,404.8b). This includes $23.68b (¥3,587.7b) in underwriting expenses, $1.10b (¥166.7b) in investment expenses, $4.06b (¥614.5b) in operating and general administrative expenses, and $0.24b (¥35.8b) in other ordinary expenses.  

($1.00 = ¥152.2)