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MS&AD Insurance, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%, Exceeds Full-Year Plan

Fri Feb 13, 2026 3:35 pm JST Earnings

8725 MS&AD Insurance Group Holdings, Inc. 【J-GAAP】

Earnings Report

MS&AD Insurance Group Holdings, Inc. <8725> [TSE Prime] announced its financial results after the market closed on February 13th (15:35). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 7.5% from the same period last year, reaching 886 billion yen. Progress toward the full-year plan of 834 billion yen is 106.3%, already exceeding the target and also exceeding the five-year average of 81.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 52.4 billion yen (compared to a profit of 104 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 20.1% from the same period last year, reaching 233 billion yen.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 4,947,791 ー 386,579 281,596 176.5 92.8 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 5,229,739 ー 824,864 626,067 400.2 88.8 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 5,905,259 ー 886,447 657,102 439.0 106.3 Feb 13, 2026 J-GAAP
YoY +12.9% － +7.5% +5.0% +9.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 3,213,006 ー 298,187 232,670 149.9 72.50 May 20, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー 180,649 98,326 67.1 77.50 Nov 19, 2025 J-GAAP
YoY － － -39.4% -57.7% -55.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 6,572,889 ー 416,440 369,266 231.8 90 May 20, 2024 J-GAAP
Mar, 2025 6,660,813 ー 928,989 691,657 445.5 145 May 20, 2025 J-GAAP
Mar, 2026 Guidance ー ー 834,000 590,000 402.4 155 Nov 19, 2025 J-GAAP
YoY － － -10.2% -14.7% -9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,781,932 ー 194,062 167,080 106.8 0.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 1,431,074 ー 104,125 65,590 42.3 0.0 May 20, 2025 J-GAAP
Apr - Jun, 2025 2,020,318 ー 284,841 222,787 147.4 0.0 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 2,091,198 ー 368,510 268,887 178.8 0.0 Nov 19, 2025 J-GAAP
Oct - Dec, 2025 1,793,743 ー 233,096 165,428 110.5 0.0 Feb 13, 2026 J-GAAP
YoY +0.7% － +20.1% -1.0% +3.5%

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