Our Response to the Stewardship Code

Japan’s Stewardship Code

Sompo Japan and Sompo Asset Management have declared their endorsement of Japan’s Stewardship Code, called the Principles for Responsible Institutional Investors, and have disclosed detailed policies on their official websites.
This code calls on institutional investors to enhance the corporate value and support the sustainable growth of investee companies. Dialogue with investee companies is based on a clear understanding of the significance and importance of this initiative.

Global Business Expansion

Partnerships

Our Group pursues fair profits and pays the appropriate taxes.
Fulfilling our social responsibility through paying the appropriate taxes.

We will respect the position of all stakeholders and strive to fulfill our social responsibility as a company by achieving the appropriate tax burden under the tax laws applied to countries and regions where our business activities are developed.

We boast a global business network encompassing 28 countries and regions, including Europe, the Middle East, North America, Central and South America, Asia, Oceania and Africa. Our employees are engaged in insurance underwriting, claim handling, risk engineering and other services. Through our organic growth and disciplined investments, we aim for sustainable development and improving value for shareholders.

<Financial Data of Consolidated Companies for FY2022>(Millions of yen)
Company name Country/Region Number of employees Ordinary income*1 Ordinary profit*2 Income taxes and inhabitant taxes*3 *7
Sompo Holdings, Inc. Japan 506 15,473 △18,684 △3,991
Sompo Japan Insurance Inc. Japan 21,151 2,225,532 71,476 14,436
SAISON AUTOMOBILE AND FIRE INSURANCE COMPANY, LIMITED Japan 1,009 64,447 △880 16
Mysurance Inc. Japan 22 618 △605 △121
Sompo Japan Partners Inc. Japan 1,318 14,045 1,112 426
Sompo Himawari Life Insurance Inc. Japan 2,636 310,834 2,600 339
Sompo Care Inc.*4 Japan 12,790 151,595 3,226 2,714
ND Software Co.,Ltd.*4 *5 Japan 1,050 - - -
Sompo Risk Management Inc. Japan 360 6,736 750 277
Sompo Health Support Inc. Japan 286 6,090 980 276
Sompo Asset Management Co.,Ltd. Japan 174 11,581 1,738 523
Sompo Warranty Inc. Japan 76 8,438 785 △14
SOMPO Light Vortex Inc. Japan 50 3,054 233 △113
Sompo Japan DC Securities Inc. Japan 162 3,457 736 234
Sompo International Holdings Ltd.*4 *6 U.S.A, U.K, Luxembourg, Italy, Switzerland, Spain, Germany, Singapore, Bermuda, Mexico 7,213 1,376,859 59,180 16,728
Sompo Insurance China Co., Ltd. China 194 8,707 1,650 508
Nipponkoa Insurance Company(China)Limited China 60 473 △45 -
Total 49,057 4,207,940 124,253 32,237
  1. The following figures are shown as net sales.
    Insurance companies: Amount of "Net premiums written" and "Life insurance premiums
    Sompo Holdings, Inc.: Amount of "Ordinary revenues" (after deduction of dividends received from subsidiaries)
    Other companies: Amount of "Ordinary revenues" (before consolidation adjustments)
  2. Amount of "Ordinary income" in the consolidated statement of income of Sompo Holdings, Inc. (after consolidated adjustment)
  3. Amount of "Income taxes and inhabitant taxes" in the consolidated statement of income of Sompo Holdings, Inc. (on a recorded basis)
    The amount of "Corporate income tax and inhabitant tax, etc." differs from the actual amount of tax payment.
  4. Figures for the following companies are on a consolidated basis.
    Sompo Care Inc. (including affiliated companies)
    ND Software Co.,Ltd. (including affiliated companies)
    Sompo International Holdings Ltd. (including subsidiaries)
  5. ND Software Co., Ltd. became a direct subsidiary on February 28, 2023 through the acquisition of shares, but it is not recorded in the consolidated statements of income because it is treated as an acquisition on the end of the term (March 31, 2023) in the consolidated financial statements.
  6. Sompo International Holdings, Inc. includes the amounts of the subsidiaries.
  7. The country/region in which the company is located does not necessarily correspond to the country/region in which sales are earned or tax paid.
    In particular, for the following companies/groups, the country of domicile and the country of sales or tax payment do not necessarily coincide for some amounts.
    Sompo Japan Insurance (due to sales at overseas branches, etc.)
    Sompo International Holdings (including its subsidiaries)
    (Sompo International Holdings (including subsidiaries located in the U.S. etc., on a consolidated basis))
    Due to the fact that the other companies are considered to have sales and tax payments in the countries where they are located, but we do not have precise information on these companies.
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