MS&AD Insurance Group Holdings ended the year to March with a much stronger set of headline IFRS numbers. Insurance revenue rose to ¥6.44tn from ¥5.95tn, profit before tax climbed to ¥703.5bn from ¥458.5bn, and profit attributable to owners of the parent reached ¥510.6bn from ¥300.2bn. Return on equity improved to 8.65% from 5.33%, a cleaner sign that the group generated more profit from its capital base.
| Metric | Year to March 2026 | Prior year |
|---|---|---|
| Insurance revenue | ¥6.44tn | ¥5.95tn |
| Profit before tax | ¥703.5bn | ¥458.5bn |
| Profit attributable to owners | ¥510.6bn | ¥300.2bn |
| Basic EPS | ¥342.98 | ¥193.36 |
| ROE | 8.65% | 5.33% |
| Equity attributable to owners | ¥6.42tn | ¥5.38tn |
| Owners' equity to gross assets | 21.69% | 20.06% |
| Total assets | ¥29.59tn | ¥26.82tn |
The balance sheet also firmed up. Equity attributable to owners rose to ¥6.42tn at March 31, from ¥5.38tn a year earlier, while total assets expanded to ¥29.59tn from ¥26.82tn. The ratio of owners' equity to gross assets improved to 21.69% from 20.06%, and comprehensive income attributable to owners swung to ¥1.48tn from a loss of ¥56.7bn.
What the filing excerpt still does not show is the mix behind the jump, so the public evidence here supports the destination, not yet the route. A separate internal control report said financial-reporting controls were effective as of March 31, with the evaluation covering the parent company, 100 consolidated subsidiaries and two equity-method affiliates.