Sompo International's FY adjusted profit rises 23% to $691mn
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Sompo International's FY adjusted profit rises 23% to $691mn

Abbie Day
19 May 2023
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Sompo International has reported a 23% lift in adjusted profits to $691mn in its full-year results for the 12 months to 31 March, as the carrier registered margin improvement in underwriting income and an increase in net written premiums driven by rate rises.

Within the group’s wider financial results, Sompo International posted a 25% year-on-year increase in underwriting income to $532mn, due to the margin improvement and higher annual top-line growth.

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