Sompo Holdings Inc U/Adr (SMPNY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, thank you for joining us today. First, please turn to page three. Last week, we announced our first half results and had the earnings goal, so I will skip the details on the numbers. But in a nutshell, I would say that we are making good progress over the numbers. But looking at how rapidly the environment is changing and the magnitude of the change as well as the uncertainties, if we consider that, the reform that we have embarked on is still not concluded. So for the first half results, we exceeded our initial guidance. And I think that is partly thanks to the efforts that we have been making to date, and also partly driven by the external environment. So we should not be just focused on the short-term results, but we will carry out what needs to be done. So our efforts will not bear fruit overnight. In some cases, our efforts may bring results exceeding our initial expectation, and I think that is the destiny of the insurance business. Moving on to page five, I would like to talk about the two numerical targets under the midterm management plan, the ROE target and also the EPS growth. Regarding the EPS growth, we are growing significantly. exceeding the initial expectation and for ROE, we are making steady improvement. But we need a further improvement to the next level. And moving on to page six. Here, I would like to talk about the initiatives under a simple PNC. Regarding the initiatives with the sample PNC, it's on page six, please. We are executing what needs to be done, and we have achieved some quick wins. but we are also carrying out initiatives which will bring about long-term benefits. So in terms of the numbers, we have reinsurance strategy leveraging on the scale and also for investment. As a quick win, we are already achieving some benefits. And ...