Link: https://links.sgx.com/1.0.0/corporate-announcements/HHITHYJO98YTQYV0/0a54bd81d6a52cbc0a00454e7f4fee6991f349ed75752fa66c5e150c68493e24

Summary:

• Consolidated net premiums written rose 6.7% year-on-year to ¥2.71 trillion for the six months ended September 30, 2025.

• Domestic non-life insurance growth was 2.1%, with net claims paid down 3.3% and combined ratio improving by 3.1 pts to 92.1%.

• Overseas insurance subsidiaries’ net premiums increased 14.6% to ¥1.05 trillion; segment net profit grew across all major markets.

• Domestic life insurance experienced a minor decline in premiums but saw strong new policy growth in the primary life business.

• Group consolidated net income up 7.1% year-on-year; group maintains strong balance sheet and solvency ratios.

• Revised FY2026 forecast anticipates 3.4% growth in net premiums written and higher ordinary profit; dividend forecast maintained at ¥155 per share.

• Strength in catastrophe loss management and investment income offset headwinds from natural disasters and market volatility.