MS&AD Insurance Group Holdings, Inc.

MS&AD Insurance Group Holdings, Inc.

MSADF
MS&AD Insurance Group Holdings, Inc.US flagOther OTC
28.19
USD
+2.59
- -
40.90BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2,247.1
2,329.12
2,508.9
2,633.17
2,933.92
2,842.38
3,065.93
2,694.61
2,847.66
3,013.29
1,042.48
3,997.47
4,089.19
142.05
Basic EPS, GAAP
44.82
50.19
73.78
99.57
116.98
86.68
109.58
82.79
85.27
158.17
43.51
232.88
445.52
177.68
Free Cash Flow per Basic Share
24.11
233.85
319.32
685.81
577.66
424.65
380.26
322.61
-245.06
93.63
23.2
292.96
368.38
- -
Dividend per Share
17.99
18.34
19.06
23.72
35.1
44.95
45.08
48.54
50.15
54.33
22.01
73.87
122.71
- -
Book Value per Share
243.08
260.66
319.68
399.67
486.88
533.99
604.09
647.97
696.26
813.64
306.18
1,094.52
1,440.72
1,334.03
Tangible Book Value per Share
988.34
1,131.28
1,546.14
1,208.61
1,288.12
1,361.02
1,269.5
1,187.35
1,591.21
1,721.14
545.13
2,537.16
2,302.66
2,434.58
Basic Weighted Avg Shares
1,866
1,862
1,847
1,823
1,799
1,777
1,759
1,728
1,694
1,661
4,849
1,586
1,552
1,586
Sales/Revenue/Turnover
4,192,387
4,336,383
4,633,039
4,800,044
5,278,025
5,051,632
5,391,877
4,655,381
4,822,547
5,006,419
5,055,123
6,338,600
6,348,348
225,245
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
43,708
52,320
62,071
50,027
73,577
75,755
74,116
78,350
84,060
97,111
106,993
121,019
121,917
- -
Net Income, GAAP
83,625
93,451
136,247
181,516
210,447
154,057
192,705
143,030
144,398
262,799
211,006
369,266
691,657
281,755
Effective Tax Rate (%)
31.15
35.76
37.29
29.28
25.09
37.01
30.54
- -
26.8
28.13
27.65
19.35
23.22
17.06
Profit Margin (%)
1.99
2.16
2.94
3.78
3.99
3.05
3.57
3.07
2.99
5.25
4.17
5.83
10.9
125.09
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
291,176
226,185
226,188
349,841
456,191
558,191
659,093
809,093
809,093
782,902
714,743
715,045
590,565
590,628
Total Equity
2,021,625
2,285,832
3,036,663
2,725,274
2,734,432
2,968,387
2,778,047
2,494,038
3,126,657
3,302,749
3,139,501
4,513,562
4,052,835
4,357,741
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
11.96
12.85
17.56
19.11
17.54
11.06
12.1
- -
7.59
12.87
9.72
15.77
25.88
11.29
Return on Common Equity (%)
19.52
19.91
25.33
27.53
26.23
16.88
19.16
13.11
12.56
20.77
14.88
22.93
34.82
15.51

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
- -
- -
- -
LT Borrowings
715,045
- -
590,628
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,586
- -
1,534
Market Capitalization
4,317,693
5,299,284
5,212,733

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,911,347
- -
2,471,422
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.16%
11.92%
-10.21%
Free Cash Flow
3.6%
-0.73%
23.11%
Net Income, GAAP
24.72%
45.11%
87.31%
Sales/Revenue/Turnover
3.63%
6.78%
0.15%
Total Cash Common Dividend
19.86%
19.64%
62.64%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,779,765
4,333,590
2,602,592
-2,377,347
6,338,600
2025
- -
- -
- -
- -
6,348,348
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69.69
- -
- -
- -
232.88
2025
- -
- -
- -
- -
445.52
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
73.87
2025
- -
- -
- -
- -
122.71
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Shinichiro Funabiki
Full Time Employees
38,391
Sector
Financial Services
Industry
Insurance - Property & Casualty
Address
West Tower Tokyo Japan 104-0033
IPO Date
Apr 8, 2008
Business
MS&AD Insurance Group Holdings, Inc. is a leading global insurance and financial services holding company headquartered in Tokyo, Japan, founded in 2010. The company operates primarily in the insurance industry with a comprehensive portfolio of insurance products and services including non-life insurance, life insurance, reinsurance, and asset management. Its main insurance brands include Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, under which it offers automobile insurance, fire and property insurance, health and life insurance, and various specialty insurance products. Additionally, MS&AD provides reinsurance services and asset management solutions primarily targeting corporate, individual, and institutional clients in Japan and globally. In a strategic move to strengthen its domestic market presence, MS&AD announced in 2025 the planned merger of its two core non-life insurance subsidiaries, Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, aimed for completion by April 2027. This merger seeks to create Japan’s top market share holder in the non-life insurance sector, enhance underwriting capacity, optimize IT system integration, improve management efficiency, and reinforce corporate governance with increased external director oversight. Furthermore, in late 2025, MS&AD expanded its global investment reach by acquiring an 18% equity stake in Barings, a global asset management company, for approximately $1.44 billion, signaling a strategic expansion into international asset management. The company also initiated a share buyback program in November 2025 as part of shareholder value enhancement measures. MS&AD Insurance Group Holdings serves diverse markets with a focus on Japan while maintaining overseas operations. It employs about 40,000 professionals, reflecting its scale and international footprint. The company places a strong emphasis on innovation and digital transformation, investing significantly in AI-driven claims processing and digital platforms to improve customer service and operational efficiency. MS&AD aims to become a world-leading insurance and financial services group, leveraging its broad insurance product lineup, strategic mergers, and global investment partnerships to sustain growth and enhance corporate value.

Company News

APIChat
  • MS&AD Insurance Group Holdings, Inc. (MSADY) Q4 2026 Earnings Call Transcript