MS&AD profits up a fifth in 2016

Group ordinary profits at MS&AD rose by 20.9 percent for the
full-year 2016 to 353bn yen ($3.18bn), driven by increased profits
in the domestic non-life insurance business, the carrier reported
today.
Net income rose by 15.9 percent year-on-year for the 12 months
to 31 March to 210bn yen, marking the fifth successive year of net
income growth.
Net premiums written increased by 10.7 percent year-on-year to
3.4tn yen due to the inclusion of MS Amlin in the scope of
consolidation....