Mitsui Sumitomo Insurance Group

Corporate Name Mitsui Sumitomo Insurance Company, Limited
Establishment Date 21 October 1918
Paid-in Capital 139,595 million yen (as at 31 March 2017)
Number of Employees 14,650 (non – consolidated basis as at 31 March 2017)
Head Office 9, Kanda-Surugadai, 3 Chrome, Chiyoda-ku, Tokyo, Japan
Insurer Financial Strength Rating In New Zealand, the Insurance (Prudential Supervision) Act 2010 requires licensed insurers to have a current financial strength rating that is given by an approved rating agency.

Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations.

Mitsui Sumitomo Insurance Company, Limited has a Financial Strength Rating of A+ (Stable) given by A.M. Best and A+ (Stable) given by Standard and Poor's.

A.M. Best’s Financial Strength Rating Scale is:

A+ Superior
A Excellent
B+ Good
B Fair
C+ Marginal
C Weak
D Poor

Standard and Poor’s Financial Strength Rating Scale is:

AAA Extremely Strong
AA Very Strong
A Strong
BBB Good
BB Marginal
B Weak
CCC Very Weak
CC Extremely Weak
R Under Regulatory Supervision
SD Selective Default
D Default
NR Not rated

The rating scales may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

For further details and a full explanation of these ratings, please visit the following websites:

A.M.Best

Standard & Poor's

MS&AD Group Credit Ratings The latest credit rating of MS & AD group

Solvency Disclosure

The solvency of Mitsui Sumitomo Insurance Company, Limited expressed in JPY millions and its solvency ratio calculated on the Japanese regulatory basis at each reporting date were:

(JPY millions)

Mar 31, 2017 Sep 30, 2016 Mar 31, 2016
Actual Solvency Capital (A) 2,840,438 2,609,150 2,612,098
Minimum Required Solvency Capital (B) 863,472 833,490 891,542
Minimum Required Solvency Ratio 200% 200% 200%
Solvency Margin [(A)-(B)] 1,976,966 1,775,660 1,720,556
Solvency Ratio
[(A)/{(B) x 1/2}] x 100%
657.9% 626.0% 585.9%

The solvency of Mitsui Sumitomo Insurance Company, Limited expressed in NZD millions and its solvency ratio calculated based on the requirements of the Reserve Bank of New Zealand at each reporting date were:

(NZD millions)

Mar 31, 2017 Sep 30, 2016 Mar 31, 2016
Actual Solvency Capital (A) 36,249 35,693 33,566
Minimum Required Solvency Capital (B) 11,019 11,402 11,456
Solvency Margin [(A)-(B)] 25,230 24,291 22,110
Solvency Ratio
[(A)/(B)] x 100%
329% 313% 293%

MS & AD Insurance Group Holdings, Inc.

MS&AD Holdings is a listed holding company with five directly invested Group insurance companies in Japan: Mitsui Sumitomo Insurance Co., Ltd. (MSI), Aioi Nissay Dowa Insurance Co., Ltd. (ADI), Mitsui Direct General Insurance Co., Ltd. (Mitsui Direct), Mitsui Sumitomo Aioi Life Insurance Co., Ltd. (MSI Aioi Life) and Mitsui Sumitomo Primary Life Insurance Co., Ltd. (MSI Primary Life); and eight affiliated operating companies: InterRisk Research Institute & Consulting, Inc., MS&AD Business Support Co., Ltd., MS&AD Staffing Service Co., Ltd., MS&AD Systems Co., Ltd., MS&AD Business Service Co., Ltd., MS&AD Research Institute Co., Ltd., MS&AD Loan Services Co., Ltd. and ANSHIN DIAL Co., Ltd.

Contact to MSI