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:

Standard and Poor’s Financial Strength Rating Scale is:

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

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)

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)

Effective 31 March 2026, Mitsui Sumitomo Insurance Company, Limited adopted Japan’s Economic Value-Based Solvency Regime (ESR), replacing the previous Solvency Margin Ratio (SMR) framework. The ESR framework assesses assets and liabilities on an economic value basis and applies more comprehensive and risk-sensitive capital requirements, including a higher confidence level and broader risk coverage. As a result, solvency ratios reported under ESR are not directly comparable with historical SMR ratios and are generally lower than those reported under the previous framework. The ESR supervisory benchmark is 100%, compared with 200% under the former SMR framework, and the change in reported solvency ratios reflects the revised regulatory methodology rather than a reduction in the capital strength.

Mitsui Sumitomo Insurance Company, Limited Australia Branch (“MSI Australia”) is a branch of Mitsui Sumitomo Insurance Company, Limited, incorporated in Japan.

MSI Australia is authorised by the Australian Prudential Regulation Authority (APRA) to carry on general insurance business in Australia as a Category C Insurer.

The information below has been derived from MSI Australia’s APRA regulatory returns as at 31 March 2026 and 31 March 2025.

Capital Adequacy Position

(AUD millions)

MSI Australia maintained Adjusted Net Assets in Australia of $224.4 million at 31 March 2026 (2025: $211.4 million), compared with a Prescribed Capital Amount of $93.6 million (2025: $81.0 million). The Capital Adequacy Multiple of 239.7% (2025: 261.0%) indicates that MSI Australia maintained capital resources substantially above APRA’s prescribed capital requirement throughout the reporting period.