Sompo Holdings Inc. reported a 20% increase in net attributable income for the quarter ending June 30, achieving ¥120.04 billion ($818.2 million). The company’s property and casualty net premiums written rose to ¥1.22 trillion, while life insurance premiums also saw modest growth. However, Sompo indicated a slowdown in global economic recovery, attributed to high interest rates affecting consumer spending and ongoing risks related to China’s growth. Despite a slight dip in net premiums written by Sompo Japan, the overall financial outlook remains positive as the firm plans to focus on international expansion and market trust restoration until fiscal year 2026.
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