Sompo (8630) Q3 2025 earnings summary

Executive summary

• Adjusted consolidated profit for 3Q FY2024 was ¥235.6 bn, with consolidated net income up ¥58.8 bn to ¥381.8 bn, the highest 3Q profit ever, driven by strategic stock sales and strong overseas investment income.

• Ordinary income rose 7.9% year-over-year to ¥4,151 bn for the nine months ended December 31, 2024.

• Net income attributable to shareholders increased 18.2% year-over-year to ¥381 bn.

• All principal subsidiaries contributed positively, with Sompo Japan Insurance and overseas subsidiaries showing strong profit growth.

• Progress rate reached 87% of the full-year adjusted profit forecast of ¥270.0 bn, with all business segments on track to meet or exceed targets.

Financial highlights

• 3Q FY2024 consolidated ordinary income rose to ¥4,151.0 bn (+¥302.4 bn YoY); net premiums written increased to ¥3,003.7 bn (+¥46.8 bn YoY).

• Net premiums written grew 1.6% year-over-year to ¥3,003 bn; Sompo Japan Insurance up 2.1%, overseas subsidiaries up 0.8%.

• Consolidated net income for 3Q FY2024 was ¥381.8 bn (+¥58.8 bn YoY); adjusted consolidated profit was ¥235.6 bn.

• Domestic P&C adjusted profit fell to ¥45.7 bn (–¥29.2 bn YoY), while overseas insurance/reinsurance rose to ¥151.1 bn (+¥22.4 bn YoY).

• Investment profit (Sompo Japan) for 3Q FY2024 was ¥64.1 bn, with gains on strategic stock sales of ¥223.4 bn.

Outlook and guidance

• Adjusted consolidated profit for FY2024 is expected to reach ¥270.0 bn, up ¥15.0 bn from the initial forecast, mainly due to overseas growth.

• Full-year consolidated net income forecast is ¥400.0 bn, with overseas insurance/reinsurance expected to contribute ¥194.0 bn in adjusted profit.

• Strategic holding stock reduction for FY2024 is expected to exceed the ¥400.0 bn forecast.