MS&AD Insurance Group (8725) investor relations material

Vision and strategic direction

• Aims to become a comprehensive global insurance provider, integrating non-life and life insurance for individuals and society worldwide, with a focus on international, domestic life, and domestic non-life businesses.

• Raised FY2030 adjusted profit target from 700 billion yen to 800 billion yen, with an early-stage goal of 1 trillion yen and adjusted ROE at the 15% level.

• Progressive dividend policy and continuous EPS growth targeted at 11% CAGR through FY2030.

• Strategic equity holdings to be sold ahead of schedule, reallocating proceeds to growth investments and shareholder returns.

Financial targets and shareholder returns

• FY2025 adjusted profit (IFRS) expected at 918.7 billion yen (525.5 billion yen excluding equity gains); FY2026 forecast at 800 billion yen (532 billion yen excluding equity gains).

• Annual dividends projected at 160 yen for FY2025 and 170 yen for FY2026, with share buybacks totaling 270 billion yen in FY2026.

• Shareholder return policy maintains a 50% payout of adjusted profit, with a shift from special to ordinary dividends as equity sales progress.

• ESR (Economic Solvency Ratio) target set at over 180% to ensure financial soundness.

Growth strategies by business segment

• International business targets 600 billion yen profit in the early 2030s, focusing on US expansion, group synergies, and a new management structure with multinational talent.

• Domestic life insurance to expand asset-building products, leveraging MassMutual partnership and restructuring for optimal governance.

• Domestic non-life insurance aims for 150 billion yen in cost reductions by FY2030, ongoing premium rate revisions, and enhanced collaboration in auto insurance.

• Asset management strengthened by investment in Barings, expanding global investment capabilities and risk-taking.