MS&AD Insurance Group Medium-Term Management Plan (2018~2021)
Vision 2021
Towards a resilient and sustainable society

Main Points of the Review of the Plan in Stage 2

Our Aspirations: (1) Qualitative Targets

Our Aspirations: (2) Qualitative Targets

  • Achieve net income of JPY 450.0 billion on an IFRS basis in FY2025 and a Group Adjusted Profit of JPY 760.0 billion (JPY 450.0 billion if the effect of the sale of  strategic equity holdings is excluded).
  • Achieve an Adjusted ROE of 12% and a Group Adjusted ROE of 16% (10% if the effect of the sale of strategic equity holdings is excluded).
    (Note) The Group plans to change its accounting standards to IFRS in FY2025.

Basic Strategies and Foundations Supporting Basic Strategies

  • Our basic strategies for realizing our aspiration of becoming a “corporate group that supports a resilient and sustainable society” are “Value (value creation),” “Transformation (business reforms)” and “Synergy (demonstration of group synergy).”
  • “Sustainability,” “Quality,” “Human Resources” and “ERM” are the foundations supporting the basic strategies.

Basic Strategy: Value (Value Creation)

Basic Strategy: Transformation (Business Reforms)

Basic Strategy: Synergy (Demonstration of Group Synergy)

Foundation Initiatives: Sustainability

  • Aim to solve social issues that are important both for stakeholders and for the Company, and focus on the three priority issues

Foundation Initiatives: Quality

  • Establish clear business operation rules, strengthen risk management in second- and third-line activities, put customers and agents first in business operations and re-emphasize compliance

Foundation Initiatives: Human Resources

  • Increase human capital investment  and strive to improve employees’ well-being
  • Secure human resources to support the execution of strategies and also develop an environment for their active participation and career advancement  

Foundation Initiatives: ERM

  • Quantitatively and qualitatively identify risks held by the entire Group and strengthen the risk management framework.
  • Allocate management resources in such a way that strikes the right balance between risk, returns and capital by using the ERM cycle

Capital Strategy

Previous Medium-Term Management Plan

*1.Net profit on IFRS basis ÷ (Net assets on IFRS basis - Unrealized gain/loss from strategic equity holdings)
(Since, under IFRS, gain/loss on sale of strategic equity holdings is no longer included in net profit, unrealized gain/loss from strategic equity holdings is excluded from net assets to align the denominator (net assets) and numerator (net profit) used to calculate ROE.)


*2.Group Adjusted Profit ÷ average of beginning and end amounts on BS of adjusted net assets (consolidated net assets + balance of catastrophe reserves etc. -  balance of goodwill and other intangible fixed assets)