Japanese Insurance Low Leverage High Rewards

MS&AD Insurance Group Holdings

Market Cap: JP¥6.6t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

T&D Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, provides insurance products and services in Japan.

Sompo Holdings

Market Cap: JP¥5.9t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Tokio Marine Holdings

Market Cap: JP¥14.4t

Engages in the non-life and life insurance, and financial and general businesses in Japan, the United States, and internationally.

IRRC

Market Cap: JP¥5.8b

Engages in the life insurance agency business in Japan.