Strong Underlying Profit Growth
Underlying profit, excluding one-off effects like natural catastrophes and capital loss in North America, shows strong performance leading to a revised upward projection by JPY 5 billion to JPY 675 billion, an annual growth of 9%.
Increased Shareholder Returns
DPS for fiscal '23 remains unchanged at JPY 121, marking a 21% year-on-year growth. The share buyback for fiscal '23 will increase from JPY 100 billion to JPY 120 billion.
International Business Stability
Despite challenges, the international business showed strong underwriting results from entities like Delphi Financial Group, contributing to stability in profit projections.
Capital Level Adjustments
ESR remained strong at 133%, with share buyback increased due to a one-time profit from group reorganization and a solid M&A pipeline.