Sompo Holdings Inc

Common Name

Sompo Holdings

Country

Japan

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

54,106

Ticker

8630

Exchange

TOKYO STOCK EXCHANGE

Website

www.sompo-hd.com

Description

Sompo Holdings Inc. is a prominent player within the financial industry, specifically in the insurance sector. Headquartered in Tokyo, Japan, the company is one of the leading providers of property an... Show more

Financial Statements of Sompo Holdings

Below are the financial statements of Sompo Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of JPY	2024	2023
Ordinary income	4,933,646^a	4,525,869^a
Underwriting income	4,099,489^a	4,090,702^a
Net premiums written	3,690,419^a	3,670,717^a
Deposits of premiums by policyholders	62,530^a	70,773^a
Interest and dividend income on deposits of premiums, etc.	30,434^a	30,159^a
Life insurance premiums written	311,850^a	316,752^a
Other underwriting income	4,254^a	2,299^a
Investment income	592,545^a	244,445^a
Interest and dividend income	183,660^a	173,582^a
Investment gains on money trusts	5,787^a	3,105^a
Investment gains on trading securities	224,358^a	0^a
Gains on sales of securities	174,815^a	72,651^a
Gains on redemption of securities	2,101^a	2,389^a
Investment gains on special account	6,984^a	1,430^a
Other investment income	25,272^a	21,445^a
Transfer of interest and dividend income on deposits of premiums, etc.	-30,434^a	-30,159^a
Other ordinary income	241,611^a	190,720^a
Investment gains on the equity method	1,109^a	0^a
Other ordinary income	240,502^a	190,720^a
Ordinary expenses	-4,445,611^a	-4,476,364^a
Underwriting expenses	-3,495,132^a	-3,516,244^a
Net claims paid	-2,020,095^a	-1,947,647^a
Loss adjustment expenses	-140,454^a	-135,859^a
Net commissions and brokerage fees	-754,170^a	-703,159^a
Maturity refunds to policyholders	-167,755^a	-181,722^a
Dividends to policyholders	-9^a	-7^a
Life insurance claims paid and other payments	-105,732^a	-132,543^a
Provision for reserve for outstanding losses and claims	-246,044^a	-247,428^a
Provision for underwriting reserves	-58,264^a	-157,679^a
Other underwriting expenses	-2,605^a	-10,197^a
Investment expenses	-108,014^a	-187,284^a
Investment losses on money trusts	0^a	-2^a
Investment losses on trading securities	0^a	-93,318^a
Losses on sales of securities	-57,357^a	-39,937^a
Impairment losses on securities	-3,787^a	-11,226^a
Losses on redemption of securities	-1^a	0^a
Losses on derivatives	-20,844^a	-28,121^a
Other investment expenses	-26,023^a	-14,678^a
Operating, general and administrative expenses	-658,750^a	-598,472^a
Other ordinary expenses	-183,714^a	-174,363^a
Interest paid	-13,750^a	-15,966^a
Provision for allowance for possible credit losses	0^a	-4,852^a
Losses on bad debt	-71^a	-77^a
Investment losses on the equity method	0^a	-1,844^a
Other ordinary expenses	-169,893^a	-151,622^a
Ordinary profit	488,034^a	49,504^a
Extraordinary gains	1,129^a	8,957^a
Gains on disposal of fixed assets	969^a	8,957^a
Gains on negative goodwill	159^a	0^a
Extraordinary losses	-9,583^a	-8,078^a
Losses on disposal of fixed assets	-1,102^a	-2,371^a
Impairment losses	-1,636^a	-148^a
Provision for reserves under the special laws	-5,555^a	-5,469^a
Provision for reserve for price fluctuation	-5,555^a	-5,469^a
Losses on reduction of real estate	0^a	-88^a
Other extraordinary losses	-1,288^a	0^a
Net income before income taxes	479,581^a	50,383^a
Income taxes	-113,002^a	-32,237^a
Deferred income taxes	-51,488^a	-10,014^a
Total income taxes	-61,514^a	-22,222^a
Net income	418,066^a	28,160^a
Net income attributable to non-controlling interests	2,012^a	1,746^a
Net income attributable to shareholders of the parent	416,054^a	26,413^a

Verified Sources Behind Sompo Holdings’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Sompo Holdings’s data sources below and access millions more through our Disclosure Search.

a. Sompo Holdings's Financial Report 2024

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Sompo Holdings Inc

Financial Statements of Sompo Holdings

Verified Sources Behind Sompo Holdings’s Financial Fundamentals Data

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