EarningsQ2 2024 Earnings Report

Sompo Holdings (ANK) Q2 2024 Earnings Report

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Previous Report: Q1 2024

Next Report: Q3 2024

DE:ANK Q2 2024 EPS Results

Actual EPS€0.82

Consensus EPS―

Beat/Miss―

One Year Ago EPS€0.18

DE:ANK Q2 2024 Revenue Results

Actual Revenue€7.91B

Expected Revenue€2.93B

Beat/MissBeat by +€4.98B

YoY Revenue Growth+22.28%

Earnings Announcement Details

QuarterQ2 2024

Date11/19/2024

TimeBefore Open

Conference CallTuesday, November 19, 2024

DE:ANK Upcoming Earnings

Sompo Holdings's next earnings date is estimated for November 19, 2026, based on past reporting schedules.

Q2 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2024 Earnings Slide Deck

Q2 2024 Earnings Call Summary

Q2 2024

Earnings Call Date:Nov 19, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call reflects a mix of achievements and challenges. While the company has reported strong financial performance and set strategic growth plans, it faces significant issues in its domestic operations and ongoing investigations related to Bigmotor and price fixing.

Company Guidance

In the earnings call for Sompo Holdings, several key metrics and strategic directions were discussed. The executives highlighted an adjusted consolidated profit increase of JPY 82.3 billion in the first half, reaching JPY 133.2 billion, with a full-year forecast remaining at JPY 280 billion. The overseas insurance business contributed significantly, with strong investment income and a third-quarter preliminary report of JPY 46.9 billion profit. Domestically, auto insurance faced challenges with an increased accident rate and repair costs, prompting a revision in the loss ratio forecast to 66.3%. The adjusted consolidated profit for the domestic P&C business was down by JPY 21.5 billion, notably JPY 12.6 billion attributed to auto insurance. The company aims to address these challenges by implementing preventive measures, enhancing corporate governance, and focusing on strategic growth in both domestic and international markets. Key performance indicators such as ROE and EPS growth rate will be officially announced next spring, alongside a focus on maintaining corporate governance and sustainable profit growth.

Increase in Adjusted Consolidated Profit

The adjusted consolidated profit increased by JPY 82.3 billion to JPY 133.2 billion, driven by rising interest rates and improved rates and underwriting.

Strong Overseas Insurance Performance

Overseas insurance business reported a profit of JPY 46.9 billion in the July-September period, with investment income and FX providing a positive impact.

Record High Adjusted Consolidated Profit

The adjusted consolidated profit is projected to reach a record high for the fiscal year, despite challenges in the domestic market.

Strategic Focus on Growth and Well-being

Sompo is focusing on creating a well-being platform targeting people in their 50s and 70s to address health, retirement, and long-term care anxieties.

DE:ANK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 19, 2026	2026 (Q2)	0.78 / -	1.481	―
Aug 14, 2026	2026 (Q1)	0.74 / 1.15	0.719	59.44% (+0.43)
May 20, 2026	2025 (Q4)	1.11 / 0.77	0.255	202.41% (+0.52)
Feb 13, 2026	2025 (Q3)	0.95 / 0.98	0.701	40.43% (+0.28)
Nov 19, 2025	2025 (Q2)	- / 1.48	0.821	80.42% (+0.66)
Aug 14, 2025	2025 (Q1)	- / 0.72	0.686	4.84% (+0.03)
May 20, 2025	2024 (Q4)	- / 0.25	0.532	-52.05% (-0.28)
Feb 14, 2025	2024 (Q3)	- / 0.70	1.091	-35.75% (-0.39)
Nov 19, 2024	2024 (Q2)	- / 0.82	0.181	353.38% (+0.64)
Aug 09, 2024	2024 (Q1)	- / 0.69	0.565	21.33% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed