Increased competition saw premium revenue rise only incrementally at Japan's largest property insurance companies, according to fiscal 2000 earnings reports released Friday.
Pickings were slim in the world's second-largest nonlife insurance market. Insurance giant Tokio Marine & Fire Insurance Co. saw a 1.9 percent rise in net premium income on a parent-only basis, to 1.3 trillion yen in the year ending March 31.
A low-disaster year coupled with cost-cutting helped the company gain 87.5 percent in net profit, up to 86.4 billion yen.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.