8725
MS&AD Insurance Group Holdings, Inc.
MS&ADインシュアランスグループホールディングス株式会社
Financial Services · Insurance - Property & Casualty
MS&AD Insurance Group Holdings, Inc., an insurance holding company, engages in the provision of insurance and financial services worldwide. It offers domestic non-life insurance; life insurance; international business; financial services; and provides risk-related services. The company was formerly known as Mitsui Sumitomo Insurance Group Holdings, Inc. and changed its name to MS&AD Insurance Group Holdings, Inc. in April 2010. MS&AD Insurance Group Holdings, Inc. was founded in 1918 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
—
¥5,283.0B
¥4,997.0B
¥4,388.1B
¥4,129.1B
Ordinary Income
¥1,120.2B
¥929.0B
¥416.4B
¥231.1B
¥390.5B
Pre-tax Income
¥1,052.2B
¥907.4B
¥462.3B
¥235.5B
¥370.0B
Income Taxes
¥260.4B
¥210.7B
¥89.4B
¥70.4B
¥104.1B
Deferred Tax
—
¥-4.2B
¥-7.9B
¥34.7B
¥32.1B
Net Income (owners)
¥787.3B
¥691.7B
¥369.3B
¥161.5B
¥262.8B
Minority Interest
—
¥5.0B
¥3.6B
¥3.5B
¥3.1B
Comprehensive Income
—
¥-17.3B
¥1,527.7B
¥-80.9B
¥310.5B
Goodwill Amort. (J-GAAP)
—
¥16.7B
¥17.8B
¥13.9B
¥12.3B
EPS
¥528.87
¥445.52
¥231.83
¥299.80
¥474.52
Shares Outstanding
—
1.51B
530.1M
535.7M
547.4M
Shares Issued (total)
—
1.61B
536.1M
536.0M
593.6M
Treasury Shares
—
93.5M
6.0M
0.3M
46.2M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥28,640.8B
¥26,241.3B
¥26,960.2B
¥25,000.4B
¥25,033.8B
PP&E
¥447.9B
¥456.5B
¥465.7B
¥476.7B
¥487.7B
Goodwill
—
¥133.1B
¥141.4B
¥143.2B
¥124.9B
Intangible Assets
—
¥478.0B
¥490.5B
¥496.1B
¥443.2B
Deferred Tax Assets
—
¥64.8B
¥59.4B
¥122.8B
¥40.7B
Total Liabilities
¥23,815.7B
¥22,188.5B
¥22,446.6B
¥21,944.2B
¥21,731.1B
Total LT Borrowings
¥998.4B
¥590.6B
¥715.0B
¥714.7B
¥782.9B
Pension Obligations
—
¥139.7B
¥138.0B
¥141.1B
¥137.7B
Deferred Tax Liab.
—
¥37.7B
¥370.8B
¥31.2B
¥45.5B
Total Equity
¥4,825.1B
¥4,052.8B
¥4,513.6B
¥3,056.3B
¥3,302.7B
Capital Stock
—
¥101.4B
¥101.1B
¥100.8B
¥100.5B
Capital Surplus
—
¥345.1B
¥344.8B
¥345.1B
¥553.7B
Retained Earnings
¥2,485.4B
¥2,135.3B
¥1,634.4B
¥1,305.9B
¥1,251.3B
Treasury Stock
—
¥-285.5B
¥-36.8B
¥-6.7B
¥-159.8B
AOCI
—
¥1,704.1B
¥2,423.3B
¥1,264.8B
¥1,513.2B
Equity (owners)
¥2,639.1B
¥2,296.3B
¥2,043.5B
¥1,745.2B
¥1,745.6B
Minority Interests
—
¥52.2B
¥46.4B
¥45.7B
¥43.1B
Total Interest-Bearing Debt ⓘ
¥998.4B
¥590.6B
¥715.0B
¥714.7B
¥782.9B
Net Cash ⓘ
¥1,224.5B
¥1,648.9B
¥2,018.7B
¥1,931.7B
¥1,473.3B
BV/Share
—
¥1,516
¥3,855
¥3,258
¥3,189
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥762.6B
¥660.2B
¥549.5B
¥194.2B
¥236.7B
Taxes Paid
—
¥-147.9B
¥-8.4B
¥-73.0B
¥-109.5B
Interest Paid
—
¥-11.0B
¥-10.4B
¥-10.4B
¥-15.8B
Interest Received
—
¥573.3B
¥517.1B
¥447.3B
¥401.0B
D&A
¥100.3B
¥105.2B
¥103.2B
¥93.1B
¥84.8B
Goodwill Amort.
—
¥16.7B
¥17.8B
¥13.9B
¥12.3B
Investing CF
¥-697.0B
¥-558.7B
¥-276.8B
¥481.0B
¥-72.0B
CapEx
¥32.2B
¥25.2B
¥22.9B
¥24.6B
¥28.1B
Financing CF
¥-129.2B
¥-659.6B
¥-231.5B
¥-314.5B
¥58.5B
Dividends Paid
—
¥-190.5B
¥-117.1B
¥-106.8B
¥-90.3B
Share Buybacks
—
¥-250.9B
¥-30.4B
¥-55.7B
¥-40.8B
Free Cash Flow
¥730.4B
¥635.0B
¥526.6B
¥169.5B
¥208.6B
Net Change in Cash
—
¥-494.7B
¥87.3B
¥390.2B
¥261.8B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
17.7%
16.3%
9.8%
5.2%
8.3%
ROA
2.9%
2.6%
1.4%
0.6%
1.0%
EPS
¥528.87
¥445.52
¥231.83
¥299.80
¥474.52
DPS
¥77.50
¥145.00
¥270.00
¥200.00
¥180.00
BPS
¥3,286.85
¥2,647.01
¥2,817.00
¥5,633.94
¥5,955.21
FCF/Share
—
¥419
¥993
¥316
¥381
Payout Ratio
14.7%
32.5%
116.5%
66.7%
37.9%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 10
Date Activist Stake Event Flag Demands Source
2026-05-22
Nippon Life Insurance Company
7.51%
-0.11%
change
Passive
—
2025-12-22
Nippon Life Insurance Company
7.62%
+0.01%
change
Passive
—
2025-12-05
Nippon Life Insurance Company
7.61%
+0.64%
change
Passive
—
2025-10-30
TOYOTA MOTOR CORPORATION
4.38%
-2.18%
change
Passive
—
2025-09-05
Nippon Life Insurance Company
6.97%
-0.12%
change
Passive
—
2024-09-20
TOYOTA MOTOR CORPORATION
6.56%
-3.25%
change
Passive
—
2024-08-30
TOYOTA MOTOR CORPORATION
9.81%
change
Passive
—
2024-02-22
Nippon Life Insurance Company
7.09%
+0.11%
change
Passive
—
2023-12-22
Nippon Life Insurance Company
6.98%
change
Passive
—
2023-08-04
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.07%
change
Passive
—
Capital Allocation Signals 2
Date
Type
Amount
Summary
2026-05-20
15:30
Buyback
¥190.0B 6.5%
MS&AD Insurance Group Holdings, resolved on 2026-05-20 to execute a share buyback program of up to ¥190 billion (95 mill…
Summary
MS&AD Insurance Group Holdings, resolved on 2026-05-20 to execute a share buyback program of up to ¥190 billion (95 million shares) through November 18, 2026, representing 6.5% of outstanding shares. This execution is part of the company's FY2026 capital allocation framework targeting ¥270 billion in total buybacks, funded from modified profits with 50% of earnings returned to shareholders via dividends and buybacks combined.
Deadline: 2026-11-18
% of Shares: 6.5%
Shares: 95,000,000
Source (JP)
2026年5月20日開催の取締役会において、1,900億円(上限)の自己株式を取得することを決議いたしました。取得期間:2026年5月21日~2026年11月18日(発行済株式総数(自己株式を除く)に対する割合 6.5%)
2026-05-20
15:30
Div Increase
¥120.0B ¥82.5/sh
+14%
MS&AD Insurance Group Holdings, increased its fiscal 2026 year-end dividend by ¥5 per share to ¥82.50, up from the prior…
Summary
MS&AD Insurance Group Holdings, increased its fiscal 2026 year-end dividend by ¥5 per share to ¥82.50, up from the prior forecast of ¥77.50. Combined with the interim dividend of ¥77.50, the full-year dividend reaches ¥160 per share (¥145 in prior year). Total dividend payout is ¥119.989 billion from retained earnings, reflecting strong performance and the company's policy to distribute approximately 50% of group adjusted profit to shareholders.
Deadline: 2026-06-23
YoY: +14%
Source (JP)
2026年3月期の期末配当金を前回予想の1株当たり77円50銭から5円増配し、82円50銭に引き上げることといたします。これにより年間配当金につきましては、実施済みの中間配当金77円50銭と合わせて1株当たり160円となる予定です。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
242,242
15.99%
2
Nippon Life Insurance
日本生命保険相互会社
108,975
7.19%
3
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
105,551
6.97%
4
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
81,676
5.39%
5
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 380055 (常任代理人 株式会社みずほ銀行決済営業部)
35,906
2.37%
6
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
29,879
1.97%
7
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
27,903
1.84%
8
JPモルガン証券株式会社
19,476
1.29%
9
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
18,411
1.22%
10
住友生命保険相互会社
18,231
1.20%
Domestic Nominees
21.4%
+2.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
7.4%
-0.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
16.6%
-1.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
14.60%
14.29%
15.99%
+1.70%
Nippon Life Insurance
日本生命保険
6.78%
6.85%
7.19%
+0.34%
TOYOTA MOTOR CORPORATION
トヨタ自動車
9.82%
9.92%
6.97%
-2.95%
Japan Custody Bank
日本カストディ銀行
5.38%
5.06%
5.39%
+0.33%
State Street
1.84%
4.30%
3.81%
-0.49%
JP Morgan
4.20%
3.69%
3.59%
-0.10%
JPモルガン証券
2.17%
1.44%
1.29%
-0.15%
住友生命保険
NEW ENTRY
1.13%
—
1.20%
NEW
Barclays
last seen 2023
Exited Top 10
1.20%
—
—
Concentration (HHI)
ⓘ
413
409
416
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥160,477M
+22% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥160,477M total
FY2023
¥131,058M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Phoenix Group Holdings plc
160,477
144,877,304
131,058
144,877,304
Portfolio total
160,477
131,058
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding