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09-04-12 nksj_results_Q1-1

09-04-12 nksj_results_Q1-1

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Published by: Tom Jones on Sep 03, 2012
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09/03/2012

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Highlights of 1Q FY2012 Results
August 13, 2012
 
11
Overview of 1Q FY2012 Results
 –
NKSJ Consolidated
Domestic P&C insurance and domestic life insurance both posted top-line growth. Howeveran ordinary loss and a net loss were posted.
No change in full FY2012 forecasts.
1QFY20111QFY2012Change
FY2012 Forecasts
P&C net premium written
508.2525.9+17.6(+3.5%)
Life insurance premium
57.558.6+1.0(+1.9%)
Ordinary profit11.7-44.5-56.264.0
Domestic P&C insurance business
*1
15.6-14.8-30.5Domestic life insurance business
*2
-1.01.3+2.4Overseas insurance business1.70.3-1.3Consolidated adjustments
*3
/Others-4.6-31.3-26.7
Net Income12.0-34.3-46.324.0
Domestic P&C insurance business
*1
10.1-12.0-22.2Domestic life insurance business
*2
-1.30.7+2.0Overseas insurance business1.3-0.2-1.6Consolidated adjustments
*3
/Others1.8-22.7-24.6(Billions of yen)(Billions of yen)
unchanged
*1 “Domestic P&C insurance business” is the sum of figures of 
SompoJapan and Nipponkoa
. This is applied to other pages. *2 “Domestic life insurance business” is the sum of figures of 
SonpoJapan HimawariLife and NipponkoaLife on FY2009, FY2010 and 1
st
half of FY2011, and it is the figures of NKSJ HimawariLife on FY2012 2
nd
half. This is applied to other pages. *3”Purchasemethod” accountings was adopted in establishing NKSJ Holdings. In NKSJ consolidated financial statements, assets and liabilit
iesof Nipponkoaare booked at the market value as of thecompletion of business integration. Therefore, book value used in
Nipponkoa’sstatements and that used in NKSJ’ consolidated statements are different. As a result, in calculating NKSJ
consolidated profit, adjustments are necessary in
Nipponkoa’srealized gains on securities, etc. These adjustments are included in “consolidated adjustments” shown in the above table.
 
2
Main points of Consolidated Results
 –
Ordinary profit
Ordinary loss was mainly due to the impairment losses on securities (including purchasemethod adjustments) caused from stagnation of domestic stock market.
Ordinary profit by business domains
-50-40-30-20-100
Domestic P&CUnderwritingprofitDomestic P&CInvestmentProfitDomestic P&COtherDomestic lifeOverseasOtherConsolidationAdjustmentsOrdinaryprofit(Billions of yen)
-¥2.6 billionmainly due toimpact of naturaldisasters-¥8.9 billionmainly due to theimpairment losses onsecurities-¥3.2 billion+¥1.3billionincrease of renewalpremiumand increasedefficiency+¥0.3billion-¥31.3 billionMainly due toimpact of Purchase methodadjustments.-¥44.5 billionOrdinary profit
Breakdownis shown inthe nextpage

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