Sompo Holdings reported a 19.6% increase in net income for Q1 2024, reaching $0.82 billion (¥120.7 billion). The net income per share was $0.83 (¥121.53).
The company’s ordinary income rose to $10.37 billion (¥1,522.5 billion), driven by underwriting and investment income. Ordinary expenses also increased, leading to an ordinary profit of $0.98 billion (¥143.7 billion), up from the previous year. Net income attributable to shareholders was $0.82 billion (¥120.0 billion), reflecting a $0.15 billion (¥19.9 billion) year-over-year increase.
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