Mitsui Sumitomo Insurance Group Holdings Inc.
Mitsui Sumitomo Insurance Group Holdings, Inc. (MSIG) is a Japan based financial services holding company. Through its subsidiaries and associated companies, it is engaged in providing life and non life insurance in Japan and other selected locations. Its Non life business comprised of commercial line and personal line non-life insurance products. Through its Life insurance business, it offers a range of individual annuities and variable annuities among several others through sales channels of financial institutions, like large banks, regional banks, mega banks and securities companies. In addition, the company is engaged in other activities, which include real estate management, computer system operation, computer software development, training, manpower dispatching, nursing care facility operation and senior welfare, among others. MSIG operates its business in the domestic Japanese market as well as in other locations across the globe through 93 subsidiaries and 20 associated companies. MSIG is headquartered at Chuo-ku, Japan.The company reported revenues of (Yen) JPY 2,040,007.00 million during the fiscal year ended March 2009, a decrease of 4.57% from 2008. The operating profit of the company was JPY 10,427.00 million during the fiscal year 2009, a decrease of 81.36% from 2008. The net profit of the company was JPY 8,194.00 million during the fiscal year 2009, a decrease of 79.53% from 2008.
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