MS&AD Insurance Group Holdings recorded higher earnings for the year to 31 March 2026, reporting net profit of Y787.3bn and ordinary income of Y7.6tn.
The group said Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, its two main domestic non-life insurers, will be combined.
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The integration is due to take effect around 1 April 2027.
The parent holding company will adopt the name Mitsui Sumitomo Insurance Group.
For fiscal year 2026 (FY26), the company said its present policy is to carry out a share buyback of Y270bn, linked to adjusted profit.
It noted that the total amount and timing of the repurchase will be disclosed once decided, or if there is any revision.
Under a buyback plan that is already approved, MS&AD may acquire up to 95 million common shares, representing roughly 6.5% of issued stock excluding treasury shares, for up to Y190bn.
The purchase window runs from 21 May 2026 to 18 November 2026.
As per its plans, the company will try to limit the fall in profit at MS Amlin’s Lloyd’s operation by steps including closer work with brokers.
It also intends to expand cautiously at MS Re, concentrating on specialty lines while maintaining strict cycle management.
The group expects a larger contribution from W.R. Berkley, where it owns 15%, and plans to increase earnings from Lifson Re, a sidecar in which it is a joint investor.
For FY26, MS&AD is targeting adjusted profit of Y530bn excluding gains on sales of strategic equity holdings, or Y800bn including those gains.
It is also aiming for adjusted return on equity of 10%, or 13% including such gains.
