The nation's six major nonlife insurers reported higher first-half net profits from a year ago thanks to a decline in natural disasters, according to parent-only earnings reports released Tuesday.
In the April-September period, the six insurers -- Tokio Marine & Nichido Fire Insurance Co. (part of Millea Holdings Inc.), Sompo Japan Insurance Inc., Mitsui Sumitomo Insurance Co., Aioi Insurance Co., Nipponkoa Insurance Co. and Nissay Dowa General Insurance Co. -- chalked up a combined 147.40 billion yen in net profits, compared with 60.81 billion yen the previous year.
The improvement poses a sharp contrast with first half of 2004, when their profits fell sharply due to huge payouts caused by multiple typhoons hitting Japan.
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.