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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 FY2023>(Millions of yen)
Company name Country
/Region
Primary activities Number of employees Net sales*1 Ordinary profit*2 Income taxes and inhabitant taxes*3 *5 Income taxes payable
Sompo Holdings, Inc. Japan Insurance Holding Company 537 101,053 72,304 23,592 24,634
Sompo Japan Insurance Inc.*5 Japan Domestic P&C Insurance 20,197 2,177,954 154,613 46,496 41,360
SAISON AUTOMOBILE AND FIRE INSURANCE COMPANY, LIMITED Japan Domestic P&C Insurance 1,021 69,257 △1,826 16 216
Mysurance Inc. Japan Domestic P&C Insurance 21 716 △357 △109 2
Sompo Japan Partners Inc. Japan Domestic P&C Insurance 1,484 13,693 △596 184 37
Sompo Himawari Life Insurance Inc. Japan Domestic Life Insurance 2,650 309,039 24,754 6,295 6,740
Sompo Care Inc.*4 Japan Nursing Care 13,025 156,841 3,417 2,581 1,756
ND Software Co.,Ltd.*4 Japan Nursing Care 1,080 20,426 △693 1,108 459
Sompo Risk Management Inc. Japan Risk Consulting and Cyber Security 374 6,970 352 101 3
Sompo Health Support Inc. Japan Healthcare 292 6,112 1,135 399 312
Sompo Asset Management Co.,Ltd. Japan Asset Management 177 14,487 2,153 695 527
Sompo Warranty Inc. Japan Extended Warranty 76 8,613 739 6 6
SOMPO Light Vortex Inc. Japan Digital 26 953 △1,325 △284 68
Sompo Japan DC Securities Inc. Japan Defined-contribution Pension Plans 165 3,900 1,144 363 298
Sompo International Holdings Ltd.*4 *5 U.S.A, U.K, Luxembourg, Italy, Switzerland, Spain,
Germany, Singapore, Bermuda, Mexico
Overseas Insurance 7,044 1,439,754 228,728 31,351 7,790
Sompo Insurance China Co., Ltd. China Overseas Insurance 194 5,062 2,027 196 0
Nipponkoa Insurance Company(China)Limited China Overseas Insurance 58 486 127 16 16
Total 48,421 4,335,317 486,695 113,003 84,222
  1. The following figures are shown as "Net sales".
    Insurance companies: Amount of net premiums written and life insurance premiums written
    Sompo Holdings, Inc.: Amount of ordinary income (after deduction of dividends received from affiliated companies)
    Other companies: Amount of ordinary income (before consolidation adjustments)
  2. Amount of "Ordinary profit" 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 "Income taxes and inhabitant taxes" 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. 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 Inc. (due to sales at overseas branches, etc.)
    Sompo International Holdings Ltd. (including affiliated companies)
    (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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