＜Summary of FY2009 results>
Net premiums written (NPW) decreased by 3.0% YOY mainly due to the substantial rate revision of CALI. (Without the effect of the rate revision of CALI, NPW would have decreased by 1.5% YOY.)
In addition, underwriting profit decreased by 5.1 billion yen to 1.9 billion yen YOY due to an increase in incurred losses from natural catastrophe hazards.
Despite the above, ordinary profit increased by 22.6 billion yen to 6.4 billion yen and net income increased by 14.5 billion yen to 4.2 billion yen due to a reversal of impairment loss and redemptions on securities in FY2008.
| | FY2006 | FY2007 | FY2008 | FY2009 | | Net premiums written | 144,711 | 141,684 | 135,916 | 131,876 |
| Major benchmark figures | (Unit: million yen) |
| Fiscal Year Item | April 1, 2006 - March 31, 2007 | April 1, 2007 - March 31, 2008 | April 1, 2008 - March 31, 2009 | April 1, 2009 - March 31, 2010 | | Net premiums written | 144,711 | 141,684 | 135,916 | 131,876 | | (% change from prior term) | 0.1% | -2.1% | -4.1% | -3.0% | | Underwriting profit | -6,789 | -637 | 3,231 | -1,945 | | (% change from prior term) | ―% | ―% | ―% | △160.2% | | Ordinary profit | 652 | 2,622 | -16,179 | 6,423 | | (% change from prior term) | -87.8% | 302.2% | -716.9% | ―% | | Net income | 423 | 1,962 | -10,315 | 4,281 | | (% change from prior term) | -85.6% | 363.5% | -625.6% | ―% | | Loss ratio | 62.1% | 61.4% | 62.6% | 64.6% | | Expense ratio | 36.4% | 37.1% | 38.4% | 39.2% | | Interest and dividend income | 8,545 | 7,533 | 5,965 | 5,735 | | (% change from prior term) | 11.1% | -11.8% | -20.8% | -3.9% | | "Return on assets under management (net income based)" | 2.13% | 1.88% | 1.52% | 1.56% | | Common stock | 20,389 | 20,389 | 20,389 | 20,389 | | Stockholders' equity | 118,278 | 86,549 | 64,483 | 72,388 | | Total assets | 516,415 | 481,808 | 443,040 | 439,481 | | Capital ratio | 22.90% | 17.96% | 14.55% | 16.47% | | Solvency margin ratio | 1012.6% | 899.3% | 737.9% | 747.7% | | Number of employees | 2,741 | 2,745 | 2,746 | 2,615 |
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