Full Year 2021 Sompo Holdings Inc Earnings Call Transcript
I am Nose, the Head of IR from Sompo Holdings. Thank you very much for joining us for our conference call today. We are going to mainly explain the numbers of the results of FY 2020 and the guidance for FY 2021 today.
With regards to the new medium-term management plan, the management team, including CEO, is going to explain on the web meeting on May 26, next week. Let's get right into it.
Please go to Page 2. This page shows the highlights. The key point for FY 2020 became the impact from COVID-19. On a consolidated basis, there was a positive impact at Sompo Japan from the decline in automobile accidents. Consolidated net income increased by JPY 19.9 billion to JPY 142.4 billion. Adjusted consolidated profit increased to the record high of JPY 202.1 billion, which was higher than the guidance we showed you in November last year.
In FY 2021, Sompo International is expecting the profit increase of JPY 39.9 billion, driven by increase in net premiums earned through rate improvements and absence of onetime
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
