Sompo Japan Insurance Inc.: SWOT Analysis & Company Profile by BusinessReview

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									Sompo Japan Insurance Inc.

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Sompo Japan Insurance Inc.: SWOT
Analysis & Company Profile


Reference code: BRFS061CP10-Q4

Published: Feb 2010




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Sompo Japan Insurance Inc. - SWOT Profile                                           Page 1
Sompo Japan Insurance Inc.

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Sompo Japan Insurance Inc. - Company Overview

Sompo Japan Insurance Inc. (Sompo Japan) is one of the leading diversified financial services companies based in
Japan. The company, together with its subsidiaries, offers various insurance non-insurance services and also provides
property and casualty insurance, and life insurance services in Japan and in international market. Geographically, the
company is well diversified across five nations including Japan, US, UK, Brazil, Russia, China and India. The company
operates through diversified business lines including life insurance, asset management, health care and DC. The
insurance business lines of the company are operated through two businesses namely, insurance and non-life insurance.
The company is headquartered at Tokyo, Japan.


Financial Performance

The company reported revenues of (Yen) JPY 1,751,895.00 million during the fiscal year ended March 2009, a decrease
of 7.27% from 2008. The operating loss of the company was JPY 110,664.00 million during the fiscal year 2009, as
against an operating income of JPY 89,062.00 million during 2008. The net loss of the company was JPY 66,705.00
million during the fiscal year 2009, as against a net profit of JPY 59,643.00 million during 2008.




Sompo Japan Insurance Inc. - Key Facts

Sompo Japan Insurance Inc., Key Facts

                                  1-26-1, Nishi-Shinjuku, Shinjuku-
                                                                      Ticker Symbol, Stock       8755 (The Tokyo Stock
Corporate Address:
                                  ku, , 160-8338, Japan               Exchange                   Exchange)



Telephone                         + 81 3 33493111                     No. of Employees           20,467



Fax                               N/A                                 Financial Year End         March



URL                               www.sompo-japan.co.jp               Revenue (in JPY Million)   1,751,895.00



Industry                          Financial Services                  Revenue (in USD Million)   16,727.73

                                  Australia, China, India, Indonesia, Japan, Malaysia, Myanmar, Philippines, Republic of Korea,
                                  Singapore, Taiwan, Thailand, Vietnam, Belgium, France, Germany, Italy, Netherlands, Russian
Locations                         Federation, Spain, Turkey, United Kingdom, United Arab Emirates, Canada, United States,
                                  Bermuda, Brazil, Mexico
Source: Annual Report, Company Website, Primary and Secondary Research




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Sompo Japan Insurance Inc. - SWOT Profile                                                                                Page 2
Sompo Japan Insurance Inc.

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Sompo Japan Insurance Inc. - Business Description

Sompo Japan Insurance Inc. (Sompo Japan) is specialized in the insurance business in Japan. The financial business
includes defined contribution pension business, investment trust business, investment consultation business and security
investment business. The business operations of the company are conducted through two segments namely, Insurance
and Non-Life Insurance or Property & Casualty.

The operations of the Life Insurance segment is carried out by its wholly owned subsidiary Sompo Japan Himawari Life
Insurance Co., Ltd. The company offers diversified range of products including variety of death cover products, such as
income guarantee insurance with no surrender value. Sompo is one of the leading providers of medical insurance. The
company markets life insurance products through mail order, telephone sales and Internet sales.

The company was ranked as the second largest Non-Life Insurance segment by its total net premium written. The
company’s non-life insurance segment was formed with the merger of Yasuda Fire & Marine Insurance Company, Nissan
Fire & Marine Insurance Company, Taisei Fire & Marine Insurance Company, Dai-ichi Property & Casualty Insurance Co.,
merged into Sompo Japan in 2002. The company provides broad range of services namely fire, marine, personal
accident, voluntary automobile, CALI and others. The segment is engaged in the non-life insurance business, as well as
financial businesses including defined contribution pension business, investment trust business, investment consultation
business and security investment business. In addition to this, it includes the general affairs and business accounting, as
well as research business.

Sompo Japan’s international network manages its operations across North America (comprising the US, Canada and
Mexico, with the regional base in New York); South America (regional base in Sao Paulo); East Asia (regional base in
Dalian); and South Asia; and Australasia (based in Singapore); Europe; Africa; and the Middle East (regional base in
London).

The company’s distribution network consists of full time professional agencies, auto dealers, repair shops, motor related
businesses (gas stations, used car shops, car accessory shops), large or medium enterprises, financial corporation
(including Dai-ichi Life, SAISON), public organization association and others (real estate agencies, professionals,
insurance brokers and direct underwriting).

The company has offices and subsidiaries in more than 26 countries and these provide risk management expertise and
insurance services. In addition to this, the company has 43 subsidiaries, 49,430 sales agencies and 22 associated
companies across its area of operations as of March 31, 2009.

Sompo Japan and NIPPONKOA Insurance Co., Ltd. entered into an agreement on March 13, 2009. This agreement was
made to establish a Joint Holding Company for business integration. The company, through its wholly- owned subsidiary
named Yasuda, has acquired 50.0% common shares and 70.0% of non-voting preferred shares of Maritima Seguros S.A.
(Maritima) on July 24, 2009.




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Sompo Japan Insurance Inc. - SWOT Profile                                                                         Page 3
Sompo Japan Insurance Inc.

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Sompo Japan Insurance Inc. - Major Products and Services

Sompo Japan Insurance Inc. (Sompo Japan) is a Japan-based company diversified financial services company. The
company offers various insurance non-insurance services in Japan and in international market which include:

Sompo Japan Insurance Inc., Major Products and Services
Services:

Medical insurance

Death security insurance

Fire insurance

Marine insurance

General liability insurance

Automobile insurance

Personal accident insurance

Export Credit Insurance

Typhoons, floods and earthquake insurance
Source: Annual Report, Company Website, Primary and Secondary Research




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Sompo Japan Insurance Inc. - SWOT Profile                                                                  Page 4
Sompo Japan Insurance Inc.

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Sompo Japan Insurance Inc. - History

Sompo Japan Insurance Inc., History

    Year                Event type                                                  Description


   2008      Corporate Changes/Expansions The company obtained the license for business in Guangdong Province.


   2008      Corporate Changes/Expansions SJI established its Asian countries headquarter in Singapore.


   2007      Corporate Changes/Expansions The company got the permission for the non life insurance business in India.


   2006      Acquisitions/Mergers/Takeovers The company acquired 30% stake in Berjaya General Insurance.


                  
								
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