Fitch Ratings Inc. expects Japanese non-life insurers’ overseas business and investment profit to offset weak earnings from domestic underwriting in the fiscal year ending March 2025, Asia Insurance Review reported. Major Japanese non-life insurers, MS&AD Insurance Group Holdings, Tokio Marine Holdings, Inc., and Sompo Holdings, Inc., recorded historically high profits in the 2024 fiscal year, backed by strong results from overseas subsidiaries that enjoyed higher underwriting profitability and reduced pandemic-related claims.
