JP-listed companies
SBI Insurance Group Co., Ltd.

SBI Insurance Group Co., Ltd.JP:7326

Market cap

¥23B

P/E ratio

49.1x

Income statement Balance sheet Cash flow

	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024
Ordinary income	62,186	66,388	70,467	86,657	88,365	96,110	109,339
Operating income-Assurance	24,588	28,836	28,717	32,598	33,522	33,981	36,748
Underwriting income	24,366	25,798	26,777	30,997	33,085	33,437	35,680
Net premiums written	24,353	25,784	26,680	30,982	32,506	33,414	35,652
Investment income from saving type insurance	13	14	13	14	17	22	27
Investment income	134	808	1,815	1,537	396	514	1,037
Interest and dividend income	86	688	887	391	223	285	426
Net gain on trading securities	1	86	-	6	14	36	-
Gain on sales of securities	4	-	934	26	3	7	-
Other investment income	4	45	5	1,117	172	206	637
Income credited to saving type insurance	-13	-14	-13	-14	-17	-22	-27
Other operating income	88	2,228	123	63	40	29	30
Operating income-Life insurance	22,261	20,616	20,494	26,986	25,240	30,606	40,331
Insurance premiums and other	8,258	9,230	12,188	15,491	19,642	25,093	32,631
Insurance premiums	7,308	8,125	9,810	12,227	15,066	18,597	23,348
Reinsurance premiums	950	1,104	2,377	3,264	4,575	6,495	9,282
Investment income	7,282	4,242	3,205	9,679	4,788	4,886	7,682
Interest, dividends and other income	2,391	3,367	2,436	2,293	2,475	2,515	1,785
Gain on sale of securities	778	289	605	1,311	1,082	1,865	517
Gain on redemption of securities	-	-	-	10	62	1	-
Net foreign exchange gains	-	584	-	11	83	-	41
Reversal of allowance for doubtful accounts	-	-	-	2	1	-	-
Other investment income	-	-	2	-	40	504	53
Net gain on separate accounts	3,763	-	-	6,049	1,041	-	5,284
Other operating income	6,719	7,143	5,101	1,815	810	626	18
Operating income-Small Amount And Short Term Insurance	15,336	16,935	21,255	27,071	29,602	31,522	32,259
Insurance premiums and other	15,246	16,756	20,883	26,386	29,091	31,186	31,950
Investment income	-	-	-	-	-	-	-
Other operating income	90	179	371	685	510	336	308
Commissions from subsidiaries and associates	-	-	-	-	-	577	571
Dividends from subsidiaries and associates	-	-	-	-	-	250	459
Operating revenue	-	-	-	-	-	827	1,031
Selling, general and administrative expenses	-	-	-	-	-	554	556
Operating expenses	-	-	-	-	-	554	556
Ordinary expenses	61,126	64,256	68,107	82,804	82,439	89,801	101,103
Operating expenses-Assurance	24,386	28,370	28,773	31,860	32,019	32,480	35,466
Underwriting expenses	18,057	21,410	21,262	23,512	22,306	22,092	23,838
Net claims paid	16,540	18,273	19,230	17,471	18,347	19,563	22,109
Loss adjustment expenses	3,119	3,405	3,578	3,694	3,978	4,087	4,060
Commissions and collection fees	-3,630	-3,195	-2,985	-2,696	-3,096	-3,884	-4,018
Provision of outstanding claims	906	2,044	1,439	2,033	3,076	1,930	921
Provision of policy reserve	1,123	882	-	3,009	-	395	764
Other underwriting expenses	-	-	-	-	-	-	-
Investment expenses	60	77	31	74	328	328	891
Loss on money held in trust	-	59	-	64	149	236	724
Loss on sale of securities	-	-	-	-	152	62	14
Loss On Redemption Of Securities	-	-	-	-	-	-	50
Other investment expenses	11	18	28	10	26	28	103
Sales and administrative expenses	6,263	6,873	7,460	8,259	9,350	10,054	10,729
Other operating expenses	4	7	19	13	34	5	7
Operating expenses-Life insurance	21,531	19,111	17,955	23,853	20,531	25,450	32,892
Insurance claims and other	17,742	13,319	12,371	14,791	15,306	17,893	23,559
Insurance claims	1,549	1,323	1,989	2,645	3,517	4,928	6,646
Annuity payments	3,868	2,894	1,364	842	824	611	744
Benefits	1,025	1,174	1,076	1,087	1,177	1,467	1,263
Surrender benefits	8,890	5,192	4,109	5,034	3,505	2,544	3,491
Other refunds	1,412	1,291	1,279	1,433	1,261	1,401	1,342
Reinsurance premiums	995	1,442	2,551	3,748	5,020	6,940	10,070
Provision of policy reserve and other	-	806	-	4,716	-	-	1,822
Provision of outstanding claims	906	806	-	-	-	-	101
Provision of policy reserve	1,123	-	-	4,716	-	-	1,721
Investment expenses	730	1,631	1,814	133	468	2,039	1,302
Interest expenses	1	2	2	2	1	2	3
Loss on sale of securities	-	273	93	3	-	1,057	-
Loss on valuation of securities	-	-	-	-	291	-	102
Loss on redemption of securities	-	-	-	-	-	4	-
Net loss on financial derivatives	-	1,098	-	5	-	351	931
Net foreign exchange losses	681	-	176	-	-	84	-
Provision of allowance for doubtful accounts	-	1	38	-	-	-	-
Other investment expenses	46	45	47	122	175	309	264
Net loss on separate accounts	-	209	1,457	-	-	229	-
Project expenses	3,031	3,279	3,575	3,954	4,349	4,871	5,418
Other operating expenses	26	74	194	258	407	645	789
Operating expenses-Small Amount And Short Term Insurance	14,848	16,287	20,743	26,506	29,317	31,247	32,129
Insurance claims and other	8,857	9,869	12,268	16,532	18,286	20,010	20,432
Provision of policy reserve and other	154	294	125	340	517	424	1,085
Project expenses	5,779	6,096	8,294	9,592	10,481	10,728	10,574
Other operating expenses	56	26	55	39	32	83	37
Operating expenses-Others	360	487	634	584	570	623	614
Operating profit (loss)	-	-	-	-	-	272	474
Ordinary profit (loss)	1,059	2,131	2,360	3,852	5,925	6,308	8,236
Interest income	-	-	-	-	-	-	-
Miscellaneous income	-	-	-	-	-	-	-
Non-operating income	-	-	-	-	-	1	-
Extraordinary income	80	-	-	-	-	-	40
Gain on bargain purchase	-	-	-	-	-	-	18
Gain on reversal of share acquisition rights	-	-	-	-	-	-	21
Amortization of share issuance costs	-	-	-	-	-	2	-
Non-operating expenses	-	-	-	-	-	2	-
Extraordinary losses	131	27	179	109	417	167	142
Loss on disposal of non-current assets	-	-	-	1	251	51	13
Provision of reserve for price fluctuation	69	20	170	107	120	116	129
Ordinary profit (loss)	1,059	2,131	2,360	3,852	5,925	6,308	8,236
Provision of reserve for dividends to policyholders	164	736	1,867	2,049	3,340	4,298	6,113
Gain on reversal of share acquisition rights	-	-	-	-	-	-	21
Extraordinary income	80	-	-	-	-	-	40
Gain on bargain purchase	-	-	-	-	-	-	18
Gain on reversal of share acquisition rights	-	-	-	-	-	-	21
Profit (loss) before income taxes	843	1,367	313	1,694	2,167	1,842	2,021
Loss on valuation of investment securities	-	-	-	-	-	28	21
Extraordinary losses	131	27	179	109	417	167	142
Loss on disposal of non-current assets	-	-	-	1	251	51	13
Provision of reserve for price fluctuation	69	20	170	107	120	116	129
Income taxes - current	268	381	236	951	1,373	592	528
Profit (loss) before income taxes	843	1,367	313	1,694	2,167	1,842	2,021
Income taxes - deferred	-150	132	-255	-21	-102	3	33
Income taxes - current	-	-	-	-	-	8	25
Income taxes	117	514	-18	930	1,271	595	562
Income taxes - deferred	-150	132	-255	-21	-102	3	33
Profit (loss)	726	853	332	764	895	1,246	1,459
Income taxes	117	514	-18	930	1,271	595	562
Profit (loss) attributable to non-controlling interests	1	1	-3	-	4	6	8
Profit (loss)	726	853	332	764	895	1,246	1,459
Profit (loss) attributable to owners of parent	724	851	335	763	891	1,240	1,450