Sompo Holdings,inc. · TSE:8630
Sompo Holdings,inc — Q1 2025 Earnings Presentation
55 slides from Sompo Holdings,inc's earnings presentation, Aug 14, 2025
Slide 1: Highlights of 1Q FY2025 Results
Highlights of 1Q FY2025 Results August 14, 2025 Sompo Holdings, Inc. All rights reserved. 1
Slide 2: Index
1. Executive Summary 3 2. Consolidated Results 6 3. Results by Business 16 Domestic P&C Business（Sompo Japan） 16 Overseas Insurance/Reinsurance Business 27 Domestic Life Insurance Business 34 Index Nursing Care Business 39 4. Management Reference Indicators 42 Appendix 49 Domestic P&C Business（Sompo
Slide 3: Executive Summary 1Q FY2025 Consolidated Results
Accounting standard SOMPO P&C SOMPO Wellbeing Executive Summary Group Domestic P&C Overseas Domestic Life Nursing Care IFRS 1Q FY2025 ⚫ Adjusted consolidated profit was ¥99.7 bn., up ¥25.7 bn. Consolidated （28% progress of the full-year forecast）, and on track for FY2025. Results ⚫ Consolidated net
Slide 4: Point(1) 1Q FY2025 Results
Accounting standard SOMPO P&C SOMPO Wellbeing Point(1) 1Q FY2025 Results Group Domestic P&C Overseas Domestic Life Nursing Care IFRS • Adjusted consolidated profit for 1Q FY2025 was ¥99.7 bn., up ¥25.7 bn. • Mainly driven by the improved profitability in Domestic P&C and increased investment income
Slide 5: Point(2) Progress of Mid-term Management Plan KPIs
Accounting standard SOMPO P&C SOMPO Wellbeing Point(2) Progress of Mid-term Management Plan KPIs Group Domestic P&C Overseas Domestic Life Nursing Care J-GAAP • KPIs are on track to achieve the mid-term management plan Mid-term FY2024 FY2025 Management Results Progress plan target Reduction of 1Q re
Slide 6: Consolidated Results
Consolidated Results Accounting standard IFRS 6
Slide 7: Breakdown of Adjusted Consolidated Profit
Accounting standard SOMPO P&C SOMPO Wellbeing Group Breakdown of Adjusted Consolidated Profit IFRS Domestic P&C Overseas Domestic Life Nursing Care • Adjusted consolidated profit for 1Q FY2025 was ¥99.7 bn., up ¥25.7 bn. mainly due to increased adjusted profit in SOMPO P&C Drivers of change in Adjus
Slide 8: Breakdown of Adjusted Profit (Domestic P&C)
Accounting standard SOMPO P&C SOMPO Wellbeing Group Breakdown of Adjusted Profit (Domestic P&C) IFRS Domestic P&C Overseas Domestic Life Nursing Care • Adjusted profit for 1Q FY2025 was ¥34.0 bn. (30% progress), up ¥16.8 bn. • The growth was by increase in insurance revenue due to product revisions
Slide 9: Breakdown of Adjusted Profit (Overseas Insurance/Reinsurance Business)
Accounting standard SOMPO P&C SOMPO Wellbeing Group Breakdown of Adjusted Profit (Overseas Insurance/Reinsurance Business) Domestic P&C Overseas Domestic Life Nursing Care IFRS • Adjusted profit for 1Q FY2025 was $376 mn. (28% progress, USD basis), up＋$79 mn. • The growth was driven by an improved c
Slide 10: Breakdown of Adjusted Profit (Himawari Life)
Accounting standard SOMPO P&C SOMPO Wellbeing Group Breakdown of Adjusted Profit (Himawari Life) IFRS Domestic P&C Overseas Domestic Life Nursing Care • Adjusted profit for 1Q FY2025 was ¥14.2 bn. (23% progress), up +¥0.3 bn. mainly due to lower-than-expected insurance payments Drivers of change in
Slide 11: Breakdown of Adjusted Profit (Nursing Care)
Accounting standard SOMPO P&C SOMPO Wellbeing Group Breakdown of Adjusted Profit (Nursing Care) IFRS Domestic P&C Overseas Domestic Life Nursing Care • Adjusted profit for 1Q FY2025 was ¥2.1 bn. (22% progress), up 0.6 bn., offsetting increases in costs due to improved treatment of employees and infl
Slide 12: (Reference) Conversion to Net Income
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Conversion to Net Income IFRS Domestic P&C Overseas Domestic Life Nursing Care （1Q FY2025） Conversion to Consolidated net income (¥ bn.) Domestic P&C Overseas Domestic Life Nursing Care Others (Sompo Japan) Market value and FX rate fluc
Slide 13: (Reference) Conversion to Net Income (FY2025 Forecast)
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Conversion to Net Income IFRS Domestic P&C Overseas Domestic Life Nursing Care （FY2025 Forecast） No change from disclosure Conversion to Consolidated net income in May 2025 (¥ bn.) Domestic P&C Overseas Domestic Life Nursing Care Others
Slide 14: (Reference) Breakdown of Adjusted Consolidated Profit
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Breakdown of Adjusted Consolidated Profit IFRS Domestic P&C Overseas Domestic Life Nursing Care （FY2025 Forecast） • Adjusted consolidated profit for FY2025 (forecast) is expected to increase by ¥39.5 bn. YoY to ¥363.0 bn., mainly due to
Slide 15: (Reference) Consolidated Financials
Accounting standard SOMPO P&C SOMPO Wellbeing Group （Reference）Consolidated Financials IFRS Domestic P&C Overseas Domestic Life Nursing Care (¥ bn.) 1Q FY2024 1Q FY2025 FY2025 Variance Variance Actual Actual (Forecast) Insurance revenue 1,248.7 1,263.5 +14.8 5,200.0 +134.4 Net income 142.7 118.5 -24
Slide 16: Domestic P&C Business (Sompo Japan)
Domestic P&C Business (Sompo Japan) Accounting standard IFRS 16
Slide 17: Insurance Service Result
Accounting standard SOMPO P&C SOMPO Wellbeing Insurance Service Result Group Domestic P&C Overseas Domestic Life Nursing Care IFRS Sompo Japan • Insurance service result for 1Q FY2025 for Sompo Japan increased by + ¥36.2 bn. YoY primarily due to lower natural catastrophic losses and improved profita
Slide 18: Insurance Revenue
Accounting standard SOMPO P&C SOMPO Wellbeing Insurance Revenue Group Domestic P&C Overseas Domestic Life Nursing Care IFRS Sompo Japan • Insurance revenue was ¥509.3 bn., up + ¥20.8 bn. primarily driven by rate increase in Auto and Fire from product revisions and revenue growth in Casualty • Under
Slide 19: Combined Ratio
Accounting standard SOMPO P&C SOMPO Wellbeing Combined Ratio Group Domestic P&C Overseas Domestic Life Nursing Care IFRS Sompo Japan • Combined ratio for 1Q FY2025 improved to 96.1%, down 7.2pt YoY, primarily due to decrease in Loss ratio. Combined ratio* (Excl. CALI and Household EQ) Expense ratio
Slide 20: Loss Ratio and Expense Ratio
Accounting standard SOMPO P&C SOMPO Wellbeing Loss Ratio and Expense Ratio Group Domestic P&C Overseas Domestic Life Nursing Care IFRS Sompo Japan • Loss ratio improved by 6.6pt primarily due to decrease in Nat Cat losses and improved profitability in Auto • Expense ratio improved by 0.6pt as planne
Slide 21: Investment Income
Accounting standard SOMPO P&C SOMPO Wellbeing Investment Income Group Domestic P&C Overseas Domestic Life Nursing Care IFRS Sompo Japan • Investment income for 1Q FY2025 (Adjusted profit basis, before tax) increased to ¥36.0 bn., up ¥0.9 bn. primarily driven by increased profit from investment in PE
Slide 22: Asset Portfolio
SOMPO P&C SOMPO Wellbeing Asset Portfolio Group Domestic P&C Overseas Domestic Life Nursing Care Sompo Japan • Reduction of strategic shareholding for 1Q FY2025 was ¥104.9 bn. up ¥73.2 bn. YoY Asset portfolio (end of Jun 2025, general account) Progress in reduction of strategic shareholdings Account
Slide 23: (Reference) Combined Ratio for Auto and Fire
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Combined Ratio for Auto and Fire IFRS Domestic P&C Sompo Japan Overseas Domestic Life Nursing Care Auto: Combined ratio Fire*: Combined ratio Loss ratio Expense ratio Combined ratio Loss ratio Expense ratio Combined ratio Primarily due
Slide 24: (Reference) Indicators for Auto and Fire
SOMPO P&C SOMPO Wellbeing Group (Reference) Indicators for Auto and Fire Domestic P&C Sompo Japan Overseas Domestic Life Nursing Care Auto: rate of accident frequency Fire: rate of older home contracts*2 in new business (rate of increase YoY) +2.9% Progress of 1Q 1Q FY2025 +0.6% -0.4% -1.0% 11.4% FY
Slide 25: (Reference) Domestic Nat Cats
SOMPO P&C SOMPO Wellbeing (Reference) Domestic Nat Cats Group Domestic P&C Overseas Domestic Life Nursing Care Sompo Japan Net incurred losses related to domestic Nat Cat events (accident year basis)*1 (¥ bn.) 177.8 Progress of 1Q*2 126.0 110.0 99.3 104.3 93.2 92.4 74.4 Hailstorm in Apr. 2024 (¥ 27.
Slide 26: (Reference) Financials
Accounting standard SOMPO P&C SOMPO Wellbeing (Reference) Financials Group Domestic P&C Overseas Domestic Life Nursing Care IFRS Sompo Japan (¥ bn.) 1Q FY2025 Full year 1Q FY2024 1Q FY2025 Variance (Forecast) Variance Insurance revenue (all lines of business) 608.7 626.3 +17.5 2,623.8 +62.5 Insuranc
Slide 27: Overseas Insurance / Reinsurance Business
Overseas Insurance / Reinsurance Business Accounting standard IFRS *Accounting standard is IFRS17 basis, and 1Q is during the 3 months period between April and June. 27
Slide 28: Insurance Service Result
Accounting standard SOMPO P&C SOMPO Wellbeing Insurance Service Result Group IFRS 17 Domestic P&C Overseas Domestic Life Nursing Care (Apr-Jun) SIH • Insurance service result improved by 30% as premium growth outpaced the increase in technical expenses due to strong underwriting performance Drivers
Slide 29: Insurance Revenue
Accounting standard SOMPO P&C SOMPO Wellbeing Insurance Revenue Group IFRS 17 Domestic P&C Overseas Domestic Life Nursing Care (Apr-Jun) SIH • Insurance revenue grew 9% reflecting sustained momentum across all segments Insurance revenue* Insurance revenue by segment ($ mn.) ($ mn.) +322（+9.0％） 15,27
Slide 30: Combined Ratio
Accounting standard SOMPO P&C SOMPO Wellbeing Combined Ratio Group IFRS 17 Domestic P&C Overseas Domestic Life Nursing Care (Apr-Jun) SIH • Combined ratio (excl. discounting and foreign exchange) improved -3.0pt driven by lower expense and loss ratios Combined ratio (undiscounted)* (Reference) Combi
Slide 31: Net Investment Income
Accounting standard SOMPO P&C SOMPO Wellbeing Net Investment Income Group IFRS 17 Domestic P&C Overseas Domestic Life Nursing Care (Apr-Jun) SIH • Continued growth in Net investment income due to higher assets under management and resilient yields globally Drivers of change in net investment income
Slide 32: Asset Portfolio
Accounting standard SOMPO P&C SOMPO Wellbeing Asset Portfolio Group IFRS 17 Domestic P&C Overseas Domestic Life Nursing Care (Apr-Jun) SIH • Fixed income book yields remained resilient • Assets under management increased $3.7 bn. year over year Asset portfolio（at the end of June 2025)* Assets under
Slide 33: (Reference) Financials
Accounting standard SOMPO P&C SOMPO Wellbeing (Reference) Financials Group IFRS 17 Domestic P&C Overseas Domestic Life Nursing Care (Apr-Jun) FY2025 Variance 1Q FY2024 1Q FY2025 Variance (vs. FY2024 (Forecast) Actual) Insurance revenue 3,577 3,899 +322 15,270 +742 Insurance service expense 2,667 3,4
Slide 34: Domestic Life Insurance Business
Domestic Life Insurance Business Accounting standard IFRS 34
Slide 35: Annualized Premiums
Accounting standard SOMPO P&C SOMPO Wellbeing Annualized Premiums Group Domestic P&C Overseas Domestic Life Nursing Care IFRS • Annualized premiums in force increased steadily by ¥3.3bn. due to the accumulation of protection-type products and variable insurance • The policy cancellation ratio remain
Slide 36: CSM
Accounting standard SOMPO P&C SOMPO Wellbeing CSM Group Domestic P&C Overseas Domestic Life Nursing Care IFRS • CSM fluctuations excluding differences between planned and actual figures remained positive CSM （Reference）Number of policies in force* (¥ bn.) CSM New business Interest Amortization Other
Slide 37: Asset Portfolio/Investment Income
Accounting standard SOMPO P&C SOMPO Wellbeing Group Asset Portfolio/Investment Income IFRS Domestic P&C Overseas Domestic Life Nursing Care • Interest rate risk continued to be managed through a portfolio focused on domestic bonds • Investment income for 1Q FY2025increased to ¥14.2bn. (up ¥1.0bn. Yo
Slide 38: (Reference) Financials
Accounting standard SOMPO P&C SOMPO Wellbeing (Reference) Financials Group Domestic P&C Overseas Domestic Life Nursing Care IFRS (¥ bn.) 1Q 1Q FY2025 Variance Variance FY2024 FY2025 （Forecast） Annualized new premium 7.5 6.7 -0.8 33.0 +1.8 Insurance service result 20.1 20.3 +0.1 83.9 +2.8 CSM amortiz
Slide 39: Nursing Care Business
Nursing Care Business Accounting standard IFRS 39
Slide 40: Sales/Occupancy Rate
Accounting standard SOMPO P&C SOMPO Wellbeing Sales/Occupancy Rate Group Domestic P&C Overseas Domestic Life Nursing Care IFRS • Revenue for 1Q FY2025 increased by ¥1.1bn. due to an increase in users • The occupancy rate for 1Q FY2025 was 93.8%, and is expected to rise to 95.0% due to measures to ac
Slide 41: (Reference) Financials
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Financials IFRS Domestic P&C Overseas Domestic Life Nursing Care (¥ bn.) FY2025 Nursing Care 1Q FY2024 1Q FY2025 Variance Variance （Forecast） Revenue 44.4 45.5 ＋1.1 188.2 +6.8 Net income 1.2 1.9 +0.6 7.9 +2.5 Adjusted profit 1.5 2.1 ＋0.
Slide 42: Management Reference Indicators
Management Reference Indicators 42
Slide 43: Financial Soundness – ESR (99.5%VaR)
Accounting standard SOMPO P&C SOMPO Wellbeing Group Financial Soundness – ESR（99.5%VaR） J-GAAP Domestic P&C Overseas Domestic Life Nursing Care • ESR at the end of June 2025 rose 8.8 ps from the end of March 2025 to 264.8% • While continuing to focus on capital efficiency, we will seek opportunities
Slide 44: (Reference) Breakdown of Adjusted Capital and Risk
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Breakdown of Adjusted Capital and Risk J-GAAP Domestic P&C Overseas Domestic Life Nursing Care Adjusted capital*1 Risk amount*5 （¥ tn.） 4.7 Non-insurance business 8% Tax impact 11% Tax impact -13% 4.5 -13% 0.4 Investment Hybrid capital
Slide 45: (Reference) Asset Portfolio – Group Consolidated
SOMPO P&C SOMPO Wellbeing Group (Reference) Asset Portfolio – Group Consolidated Domestic P&C Overseas Domestic Life Nursing Care Investment assets portfolio Group fixed income assets by rating (as of the end of Jun. 2025, group consolidated basis) (as of the end of Jun. 2025, group consolidated bas
Slide 46: (Reference) Management Indicators, etc.
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Management Indicators, etc. IFRS Domestic P&C Overseas Domestic Life Nursing Care Management indicators, etc. (¥ bn.) FY2024 FY2025 FY2026*4 Actual 1Q Forecast Target Adjusted EPS growth (CAGR) - - - Over 12% Adjusted consolidated ROE*1
Slide 47: Adjusted items
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Definition of Adjusted Profit IFRS Domestic P&C Overseas Domestic Life Nursing Care Definition of IFRS Adjusted profit SOMPO P&C SOMPO Wellbeing Domestic Other Others*2 P&C*1 Overseas*1 Domestic Life Nursing Care Wellbeing Base profit I
Slide 48: Appendix
Appendix Accounting standard Domestic P&C Business J-GAAP (Sompo Japan) Accounting standard Overseas Insurance / Reinsurance Business IFRS4 48
Slide 49: Net Premiums Written
Accounting standard SOMPO P&C SOMPO Wellbeing Net Premiums Written Group Domestic P&C Overseas Domestic Life Nursing Care J-GAAP • Net premiums written increased by ¥20.6 bn. ¥544.7 bn. due to the impact of product revisions in Auto and Fire and expanded sales of Casualty. Drivers of change in net p
Slide 50: Combined Ratio
Accounting standard SOMPO P&C SOMPO Wellbeing Combined Ratio Group Domestic P&C Overseas Domestic Life Nursing Care J-GAAP • Mainly due to the decline in the loss ratio, the combined ratio for Q1 FY2025 improved by 7.2 pt YoY to 93.8%, showing steady improvement Combined ratio (E/I) * (excl. CALI, h
Slide 51: (Reference) Combined Ratio in Auto and Fire
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Combined Ratio in Auto and Fire J-GAAP Domestic P&C Overseas Domestic Life Nursing Care Auto insurance Fire insurance Loss ratio Expense ratio Combined ratio (E/I) Loss ratio Expense ratio Combined ratio (E/I) Progress of 1Q Progress of
Slide 52: (Reference) Indicators Related to Casualty (Others)
Accounting standard SOMPO P&C SOMPO Wellbeing Group (Reference) Indicators Related to Casualty (Others) J-GAAP Domestic P&C Overseas Domestic Life Nursing Care Sompo Japan Casualty (other) insurance net premiums written Casualty (other) insurance combined ratio Loss ratio Expense ratio Combined rati
Slide 53: Top-Line
Accounting standard SOMPO P&C SOMPO Wellbeing Top-Line Group IFRS 4 Domestic P&C Overseas Domestic Life Nursing Care (Jan-Jun) • Premium growth year over year was driven by strong new business growth benefiting in part from our geographic expansion initiatives. Gross written premiums Topline by segm
Slide 54: Combined Ratio
Accounting standard SOMPO P&C SOMPO Wellbeing Combined Ratio Group IFRS 4 Domestic P&C Overseas Domestic Life Nursing Care (Jan-Jun) • Combined ratio was impacted year over year mainly by 1Q 2025 catastrophe activity, etc. Combined ratio Combined ratio by segment Expense ratio Loss ratio Jan.-Jun. J
Slide 55: Note Regarding Forward-looking Statements
Note Regarding Forward-looking Statements Forecasts included in this document are based on currently available information and certain assumptions that we consider reasonable at this point in time. Actual results may differ materially from those projected herein depending on various factors. Contact