Sompo Holdings,inc. · TSE:8630
Sompo Holdings,inc — FY2025 Earnings Presentation
53 slides from Sompo Holdings,inc's earnings presentation, May 20, 2026
Slide 1: Highlights of FY2025 Results
Highlights of FY2025 Results May 20, 2026 Sompo Holdings, Inc. All rights reserved. 1
Slide 2: Index
1. Executive Summary 3 2. Consolidated Results 8 3. Results by Business 18 Domestic P&C Business (Sompo Japan) 18 Overseas Insurance/Reinsurance Business 30 Index Domestic Life Insurance Business Nursing Care Business 37 43 Appendix 47 Exchange rate used for overseas business (JPY/USD) End of averag
Slide 3: Executive Summary
Executive Summary ⚫ Adjusted consolidated profit for FY2025 was ¥535.2 bn., up ¥211.8 bn. YoY (record high) • FY2025 Earnings expanded across all businesses, driven by improved profitability at SOMPO P&C • Outperformed the initial forecast by ¥172.2 bn., primarily due to improved underlying profitab
Slide 4: Key Point (1) FY2025 Results
Accounting standard Group Key Point (1) FY2025 Results IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Domestic P&C profit increased by ¥95.9 bn., driven by improved profitability in fire and allied lines as well as other specialty lines, and a decrease in c
Slide 5: Key Point (2) FY2026 Forecast
Accounting standard Group Key Point (2) FY2026 Forecast IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • FY26 adjusted consolidated profit forecast: ¥500bn., up ¥62.4bn. vs. FY25 normalized basis (Record high on a normalized basis) • Absence of low cat losses
Slide 6: Key Point (3) FY2025 Shareholder Return
Accounting standard Group Key Point (3) FY2025 Shareholder Return IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • We anticipate a DPS of ¥200, an increase of 33% YoY, outpacing EPS growth and marking the 13 th consecutive year of dividend growth. We aim to p
Slide 7: (Ref.) Topics
Accounting standard Group (Ref.) Topics IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Domestic P&C Overseas Progress in reduction of strategic Improvement in Combined Ratio of SJI*1 Contribution from Aspen consolidation shareholdings • The underlying combine
Slide 8: Consolidated Results
Consolidated Results Accounting standard IFRS 8
Slide 9: Breakdown of Adjusted consolidated profit
Accounting standard Group Breakdown of Adjusted consolidated profit IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Adjusted consolidated profit for FY2025 reached a record high of ¥535.2 bn. (up ¥211.8 bn. YoY), achieving a significant increase driven by im
Slide 10: (Ref.) Breakdown of Consolidated net income
Accounting standard Group (Ref.) Breakdown of Consolidated net income IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Drivers of change in Consolidated net income (after tax)*1 (¥ bn.) YoY SOMPO YoY YoY SOMPO YoY SOMPO P&C +332,7 +44.0 SOMPO P&C -134.1 -10.1 W
Slide 11: (Ref.) Conversion to Net Income
Accounting standard Group (Ref.) Conversion to Net Income IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Conversion to Consolidated net income (FY 2025) (¥ bn.) Domestic P&C Overseas Domestic Life Nursing Care, etc. Others Discounting impact of insurance liab
Slide 12: (Ref.) Conversion to Net Income
Accounting standard Group (Ref.) Conversion to Net Income IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Conversion to Consolidated net income (FY 2026, forecast) (¥ bn.) Domestic P&C Overseas Domestic Life Nursing Care, etc. Others Discounting impact of insu
Slide 13: (Ref.) Consolidated Financials
Accounting standard Group (Ref.)Consolidated Financials IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH FY2026 (¥ bn.) FY2024 FY2025 Variance Variance Forecast Insurance revenue 5,065.5 5,372.9 +307.4 6,410.0 +1,037.0 Consolidated net income 243.1 640.0 +396.9
Slide 14: (Ref.) Financial Soundness – ESR (99.5%VaR)
Accounting standard Group (Ref.)Financial Soundness – ESR (99.5%VaR) IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH ESR walk (99.5%VaR)*1 Sensitivity analysis of ESR (99.5%VaR) Target capital level End of Mar. 2026 Risk Reduction / Aspen Market factors, 200%
Slide 15: (Ref.) Breakdown of Adjusted Capital and Risk
Accounting standard Group (Ref.) Breakdown of Adjusted Capital and Risk IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Adjusted capital*1 Risk amount*2 (¥ tn.) 実質 自己資本 Profits / Returns Market factors Revisions, etc. By risk Group 5.4 +0.1 +0.8 +0.3 category
Slide 16: (Ref.) Asset Portfolio - Group Consolidated
Accounting standard Group (Ref.) Asset Portfolio - Group Consolidated IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Asset Portfolio Group Fixed Income Assets by Rating (Group Consolidated, end of Mar. 2026) *1 (end of Mar. 2026) (¥ tn.) Investment grade (BBB
Slide 17: (Ref.) Management Indicators, etc.
Accounting standard Group (Ref.) Management Indicators, etc. IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH FY2024 FY2025 FY2026 FY2026*4 Actual Actual Plan Target Adjusted EPS growth (CAGR) - - Approx. +19% Over＋12% Adjusted consolidated ROE*1 9.2% 13.4% 13.
Slide 18: Domestic P&C Business - Sompo Japan
Domestic P&C Business - Sompo Japan Accounting standard IFRS 18
Slide 19: Breakdown of Adjusted Profit - Domestic P&C
Accounting standard Group Breakdown of Adjusted Profit - Domestic P&C IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Adjusted profit for FY2025 was ¥217.3 bn., an increase of ¥94.4 bn. YoY, primarily driven by higher top-line revenue from product revisions
Slide 20: Insurance service result
Accounting standard Group Insurance service result IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Insurance service result for FY2025 was ¥195.8 bn., an increase of ¥114.6 bn. YoY, primarily driven by improved underlying profitability in fire and allied lin
Slide 21: Insurance revenue
Accounting standard Group Insurance revenue IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Insurance revenue for FY2025 was ¥2,187.7 bn., an increase of ¥96.8 bn. YoY, primarily driven by the impact of product revisions in auto and fire insurance, as well a
Slide 22: Combined Ratio
Accounting standard Group Combined Ratio IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • The combined ratio for FY2025 improved significantly to 91.0%, down 5.1pt YoY, primarily driven by a lower loss ratio in fire and allied lines due to improved underlying
Slide 23: Loss Ratio and Expense Ratio
Accounting standard Group Loss Ratio and Expense Ratio IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • The loss ratio for FY2025 improved by 4.6pt YoY. For FY2026, it is forecast at 60.6% due to the absence of the prior-year favorable impact of lower natural
Slide 24: Investment gains and losses
Accounting standard Group Investment gains and losses IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Investment income for FY2025 was ¥124.2 bn., an increase of ¥21.8 bn. YoY, driven by an increase in fund distributions and realized gains from funds, such a
Slide 25: Asset Portfolio
Accounting standard Group Asset Portfolio IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • In FY2025, the reduction of strategic shareholdings totaled ¥292.4 bn.. • For FY2026, we aim to reduce these holdings by more than ¥250.0 bn., exceeding the original pl
Slide 26: (Ref.) Combined Ratio for Auto and Fire
Accounting standard Group (Ref.) Combined Ratio for Auto and Fire IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Auto: Combined ratio Fire*: Combined ratio Loss ratio Expense ratio Combined ratio Loss ratio Expense ratio Combined ratio Nat Cat Improvement in
Slide 27: (Ref.) Indicators for Auto and Fire
Group (Ref.) Indicators for Auto and Fire SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Auto: rate of accident frequency Fire: rate of older home contracts*2 in new business (rate of increase YoY) +2.9％ +0.6% +0.4% 11.4% -0.4% Fy2023 FY2024 FY2025 FY2026 (Forecas
Slide 28: (Ref.) Domestic Nat Cats
Group (Ref.) Domestic Nat Cats SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Net incurred losses related to domestic Nat Cat events (accident year basis)* FY2025 (¥ bn.) Net Major Events Month Incurred loss (estimated value) 110.0 104.3 Torrential rain Aug ¥24.4
Slide 29: (Ref.) Financials
Group (Ref.) Financials SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH (¥ bn.) FY2026 FY2024 FY2025 Variance Variance Forecast Insurance revenue (all lines of business) 2,561.3 2,655.8 +94.5 2,730.9 +75.0 Insurance revenue *1 2,335.4 2,432.6 +97.2 2,508.1 +75.4 In
Slide 30: Overseas Insurance / Reinsurance Business
Overseas Insurance / Reinsurance Business Accounting standard IFRS 30
Slide 31: Breakdown of Adjusted Profit - Overseas Insurance/Reinsurance Business
Breakdown of Adjusted Profit Accounting standard IFRS 17 SOMPO P&C Group SOMPO Wellbeing - Overseas Insurance/Reinsurance Business (Apr-Mar) Domestic P&C SJI Overseas SIH Domestic Life Nursing Care • Adjusted profit for SIH through FY 2025 was $1,737mn., up $709mn. YoY • Results driven by a lower lo
Slide 32: Insurance Revenue
Accounting standard Group Insurance Revenue IFRS 17 (Apr-Mar) SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Revenues grew 11% (9% ex Aspen) from FY 2024 to FY 2025 due to strong growth across segments • Revenues are forecasted to grow 31% (6% ex Aspen) in FY 20
Slide 33: Combined Ratio
Accounting standard Group Combined Ratio IFRS 17 (Apr-Mar) SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Combined ratio declined, driven by an improvement in the loss ratio, lower than normal catastrophe activity, and the impact of discounting Combined ratio (d
Slide 34: Net Investment Income
Accounting standard Group Net Investment Income IFRS 17 (Apr-Mar) SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Continued growth in net investment income due to growth in assets under management and resilient yields globally • Aspen contribution to FY 2026 NII
Slide 35: Asset Portfolio
Accounting standard Group Asset Portfolio IFRS 17 (Apr-Mar) SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Fixed income book yield declined modestly YoY but remained at the 6% level • Assets under management increased by $10.6bn. YoY, driven by the Aspen acquisi
Slide 36: (Ref.) Financials
Accounting standard Group (Ref.) Financials IFRS 17 (Apr-Mar) SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH FY 2024 FY 2025 FY 2026 Actual Actual YoY Forecast YoY Insurance revenue 14,527 16,089 +1,562 21,064 +4,974 Insurance service expense 12,352 12,964 611 18,
Slide 37: Domestic Life Insurance Business
Domestic Life Insurance Business Accounting standard IFRS 37
Slide 38: Breakdown of Adjusted Profit - Himawari Life
Accounting standard Group Breakdown of Adjusted Profit - Himawari Life IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • FY2025 adjusted profit increased by ¥4.2 bn. YoY to ¥61.3 bn., primarily driven by lower-than-expected claims payments and higher interest
Slide 39: Annualized Premiums
Accounting standard Group Annualized Premiums IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Annualized premiums from new business decreased in FY2025 due to a decline in medical and cancer insurance, but are forecast to increase in FY2026 driven by the eff
Slide 40: CSM
Accounting standard Group CSM IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Driven by the accumulation of new business CSM, the movement of CSM excluding external impacts such as rising interest rates and inflation showed a steady increase. • Due to our po
Slide 41: Asset Portfolio/General Account Investment Income
Accounting standard Group Asset Portfolio/General Account Investment Income IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Appropriately controlling interest rate risk through a portfolio centered on domestic bonds. • For FY2026, investment income is foreca
Slide 42: (Ref.) Financials
Accounting standard Group (Ref.) Financials IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH FY2026 (¥ bn.) FY2024 FY2025 Variance Variance (Forecast) Annualized new premium 31.1 27.7 -3.3 32.6 +4.9 Insurance service result 81.1 82.2 +1.1 80.9 -1.3 CSM amortiza
Slide 43: Nursing Care Business
Nursing Care Business Accounting standard IFRS 43
Slide 44: Breakdown of Adjusted Profit - Nursing Care
Accounting standard Group Breakdown of Adjusted Profit - Nursing Care IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • FY2025 adjusted profit increased by ¥2.5 bn. YoY to ¥10.9 bn. (exceeding ¥10.0 bn. for the first time in the Nursing Care business), as incr
Slide 45: Sales/Occupancy Rate
Accounting standard Group Sales/Occupancy Rate IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • Sales of the nursing business continue to grow. For FY2026, sales is forecast to increase by ¥8.8 bn., driven by user growth and the impact of price revisions. • T
Slide 46: (Ref.) Financials
Accounting standard Group (Ref.) Financials IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH (¥ bn.) FY 2026 FY 2024 FY 2025 Variance Variance Nursing Care Forecast Revenue 181.3 186.3 +5.0 195.2 +8.8 Net income 5.3 7.9 +2.5 11.5 +3.6 Adjusted profit 8.3 10.9 +
Slide 47: Appendix
Appendix Accounting standard Domestic P&C (Sompo Japan) J-GAAP Definition of IFRS Adjusted Profit 47
Slide 48: Domestic P&C (Sompo Japan): Net Premiums Written
Accounting standard Group Domestic P&C (Sompo Japan)：Net Premiums Written J-GAAP SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • FY2025 revenue increased by ¥80.4 bn. YoY to ¥2,126.0 bn., primarily driven by the impact of product revisions in automobile and fire
Slide 49: Domestic P&C (Sompo Japan): Combined Ratio
Accounting standard Group Domestic P&C (Sompo Japan)：Combined Ratio J-GAAP SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH • FY2025 combined ratio improved by 5.0pt to 93.9%, primarily driven by a lower loss ratio resulting from a decrease in catastrophe losses and
Slide 50: (Ref.) Combined Ratio in Auto and Fire
Accounting standard Group (Ref.) Combined Ratio in Auto and Fire J-GAAP SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Auto insurance Fire insurance* Loss ratio(E/I) Expense ratio Combined ratio(E/I) Loss ratio(E/I) Expense ratio Combined ratio(E/I) Decrease in ag
Slide 51: (Ref.) Indicators Related to Casualty (Others)
Accounting standard Group (Ref.) Indicators Related to Casualty (Others) J-GAAP SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Casualty (other) insurance net premiums written Casualty (other) insurance combined ratio (¥ bn.) Loss ratio(E/I) Expense ratio Combined
Slide 52: (Ref.) Definition of IFRS Adjusted Profit
Accounting standard Group (Ref.) Definition of IFRS Adjusted Profit IFRS SOMPO P&C Domestic P&C Overseas SOMPO Wellbeing Domestic Life Nursing Care SJI SIH Definition of IFRS Adjusted profit SOMPO P&C SOMPO Wellbeing Other Other Wellbeing (SDI, Digital etc.) Domestic P&C Overseas P&C*1 Domestic Life
Slide 53: 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