Aioi

Japan's second-largest insurer, MS&AD Insurance Group Holdings Inc., posted a group net loss of ¥203 billion, compared with a year-earlier net profit of ¥58.4 billion. ormed in 2010 through a merger of Mitsui Sumitomo Insurance Group Holdings, Aioi Insurance and Nissay Dowa General Insurance, MS&AD expects ¥236 billion in policy payouts related to the flooding.

Financial Briefing Book: Feb. 15 2012

Formed in 2010 through a merger of Mitsui Sumitomo Insurance Group Holdings, Aioi Insurance and Nissay Dowa General Insurance, MS&AD expects ¥236 billion in policy payouts related to the flooding.

Thai Floods Sink Japanese Insurers Atsuko Fukase 2012

But Aioi also reported a 6.2% drop in net insurance premiums.

Japan's Insurers Post Gains in Net 2009

In January, Mitsui Sumitomo, Aioi and sixth-ranked Nissay Dowa General Insurance Co. agreed to merge in April 2010 to form the country's largest nonlife insurer.

Japan's Insurers Post Gains in Net 2009

But the profit outlook doesn't include potential losses related to subprime investments, a senior Aioi officer said.

Japan insurers feel credit crunch 2008

For the current fiscal year, Aioi expects a net profit of 14 billion yen on revenue of 1.06 trillion yen.

Japan insurers feel credit crunch 2008

Mitsui Sumitomo rose 8.3%, Aioi soared 19% and Nissay Dowa jumped 15%.

Japanese shares advance 2008

Mitsui Sumitomo rose 8.3%, Aioi soared 19% and Nissay Dowa jumped 15%.

Japan Wraps Dismal Year: Down 42% 2008

With combined premiums revenue of just over $30 billion in the fiscal year ended in March, a tie-up between Mitsui Sumitomo, Japan's second-biggest nonlife insurer; Aioi, ranked fourth; and Nissay Dowa, ranked sixth; would eclipse industry leader Tokio Marine Holdings Inc.

Big Japanese Insurers Talk Three-Way Merger 2008

Mitsui Sumitomo ended up 8.3% at 2,885 yen, Aioi jumped 19% to 484 yen and Nissay closed up 15% at 578 yen on the Tokyo Stock Exchange.

Big Japanese Insurers Talk Three-Way Merger 2008