Summary of FY2011 1H results
| | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | | 1H | 71.8 | 69.9 | 66.3 | 67.5 | 68.4 | | Full fiscal year | 141.6 | 135.9 | 131.8 | 134.0 | - |
Net premiums written increased by 1.4% YoY to 68.4 billion yen, centering on revenue growth in auto insurance due to product renovation introduced in April 2011.
| Expense ratio, Loss ratio, Combined ratio (All lines total) |
Net loss ratio: Up by 16.4 points YoY to 81.3%, primarily due to a progress of claim payments centering on fire insurance in relation to the Great East Japan Earthquake.
Net expense ratio: Improved by 1.9 points YoY to 35.3% mainly due to the effects of the reduction of business expenses associated with streamlining of business operations and the increase in net premiums written.
Combined ratio: As a result, the combined ratio totaling both ratios of the above was 116.6%, up 14.5 points YoY.
| | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 1H | | Expense ratio | 37.1% | 38.4% | 39.2% | 37.3% | 35.3% | | Loss ratio | 61.4% | 62.6% | 64.6% | 66.2% | 81.3% | | Combined ratio | 98.5% | 101.0% | 103.8% | 103.5% | 116.6% |
| | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | | 1H | -0.2 | 0.4 | 2.9 | 1.9 | -0.1 | | Full fiscal year | 1.9 | -10.3 | 4.2 | 1.5 | - |
Underwriting profit decreased by 3.5 billion yen YoY to -4.1 billion yen mainly due to an increase in incurred losses from typhoons and other natural disasters.
Net investment income was 4.4 billion yen, up 1.2 billion yen YoY mainly due an increase in gain on sales of securities despite a decline in income from interest and dividends.
As a result, net interim income decreased to -0.1 billion yen, down 2.0 billion yen YoY.
（unit：million yen, unless otherwise specified）
| Fiscal Year | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 1H | | Item | (April 1, 2007-March 31, 2008) | (April 1, 2008-March 31, 2009) | (April 1, 2009-March 31, 2010) | (April 1, 2010-March 31, 2011) | (April 1, 2011-September 30, 2011) | | Net premiums written | 141,684 | 135,916 | 131,876 | 134,063 | 68,489 | | (% change from prior term) | -2.1% | -4.1% | -3.0% | 1.7% | 1.4% | | Underwriting profit | -637 | 3,231 | -1,945 | -5,868 | -4,152 | | (% change from prior term) | ―% | ―% | -160.2% | -% | - | | Ordinary profit | 2,622 | -16,179 | 6,423 | 2,517 | -381 | | (% change from prior term) | 302.2% | -716.9% | ―% | -60.8% | -114.4% | | Net income | 1,962 | -10,315 | 4,281 | 1,520 | -173 | | (% change from prior term) | 363.5% | -625.6% | ―% | -64.5% | -109.1% | | Loss ratio | 61.4% | 62.6% | 64.6% | 66.2% | 81.3% | | Expense ratio | 37.1% | 38.4% | 39.2% | 37.3% | 35.3% | | Interest and dividend income | 7,533 | 5,965 | 5,735 | 5,519 | 2,364 | | (% change from prior term) | -11.9% | -20.8% | -3.9% | -3.8% | -15.4% | | Return on assets under management (net income based) | 1.88% | 1.52% | 1.56% | 1.53% | - | | Common stock | 20,389 | 20,389 | 20,389 | 20,389 | 20,389 | | Stockholders' equity | 86,549 | 64,483 | 72,388 | 66,346 | 65,441 | | Total assets | 481,808 | 443,040 | 439,481 | 428,509 | 418,706 | | Capital ratio | 17.96% | 14.55% | 16.47% | 15.48% | - | | Solvency margin ratio | 899.3% | 737.9% | 747.7% | 742.2% | 705.2% | | Number of employees | 2,745 | 2,746 | 2,615 | 2,518 | 2,623 |
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