Sompo International FY profit falls 43% on virus impact
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Sompo International FY profit falls 43% on virus impact

Samuel Casey
20 May 2021
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Net profit at Sompo International slipped by 43% to $182mn in the year to 31 March 2021, with the pandemic negatively impacting both underwriting and investment returns.

At a group level, net profit for Sompo Holdings rose 16% to 142.4bn yen ($1.3bn), with Covid-19 having an overall positive effect due to the decrease in motor accidents.

Covid-19:

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Topics

Sompo News Results Motor reinsurance
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Samuel Casey
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