Sompo International fiscal Q1 underwriting profit up 89%
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Sompo International fiscal Q1 underwriting profit up 89%

Sompo International logo Tokyo new.jpg

Underwriting profit at Sompo International jumped 89% to $159mn for the three months to 30 June, with a combined ratio of 91.0%.

Overall, the unit reported a net loss of $239mn for the fiscal first quarter, as improvements in underwriting performance were offset by other investment items, including unrealised losses on securities.

The

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