TOKYO -- Tokio Marine Holdings, Sompo Japan Nipponkoa Holdings and MS&AD Insurance Group Holdings likely increased their combined group net profit by 30% to about 590 billion yen ($5.38 billion) for the year ended in March, a record amount for Japan's three leading nonlife insurance companies.
Sompo Japan appears to have achieved the most dramatic earnings increase among the three, with its net profit seen roughly tripling to a record 160 billion yen. Even when a special factor -- 87 billion yen in costs for integrating subsidiaries in the prior year -- is excluded, net profit probably climbed slightly more than 10%.
