Big, smaller nonlife insurers split in interim performance+.TOKYO, Nov. 27 Kyodo Major Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and property and casualty insurers fared better in the first half of fiscal 2000 despite the difficult business climate, but smaller insurers performed poorly, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. unconsolidated interim results released by 14 leading domestic nonlife insurance companies by Monday Monday: see week. . Net premium revenues, equivalent to sales at ordinary businesses, increased in the April-September fiscal first half at six nonlife insurers but declined at the eight others. Insurers who saw rises in premium revenue attributed the gains to insurance products better tailored to customer needs, such as automobile insurance policies reflecting customers' ages and mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his on their cars. Tokio Tokio: see Tokyo, Japan. Marine & Fire Insurance Co., the largest of the 14 companies, registered 643.3 billion yen in net premium revenue in the six-month period, up 0.7% over a year earlier, on an increase in premiums for automobile and some other types of insurance policy. The gain helped Tokio Marine report a net profit of 32 billion yen despite increased insurance payouts reflecting in part September's torrential rains in the Tokai Tōkai in Japanese may refer to:
Yasuda Fire & Marine Insurance Co., the second biggest nonlife insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. , reported a net profit of 4.6 billion yen on a 3.3% rise in net premium revenues to 468.8 billion yen. Dai-Tokyo Fire & Marine Insurance Co., Sumitomo Marine & Fire Insurance Co. and Tokio Marine were among the insurers with low ratios of operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. to net premium revenue. Shoji shoji In Japanese architecture, sliding partition doors and windows made of a latticework wooden frame and covered with a tough, translucent white paper. When closed, they softly diffuse light throughout the house. Ueno, senior managing director of Tokio Marine, said competition in the nonlinfe insurance industry will increase due to the liberalization lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . of premiums and the delayed economic recovery in Japan. Following are the 14 leading nonlife insurance houses' unconsolidated results, in billions of yen, in the first half of fiscal 2000. Figures in parentheses See parenthesis. parentheses - See left parenthesis, right parenthesis. are year-on-year percentage comparisons, which are unavailable for the profit category as the insurers did not release interim profits previously. As 11 of the 14 companies will merge into five groups, the total of each group follows the results of the merging companies.
Net Premium Net
Revenues Profit
Tokio Marine & Fire Insurance Co. 643.3 32.0
(0.7)
Nichido Fire & Marine Insurance Co. 192.2 4.8
(-1.9)
Total 835.5 36.9
(0.1)
Yasuda Fire & Marine Insurance Co. 468.8 4.6
(3.3)
Nissan Fire & Marine Insurance Co. 131.5 2.5
(-4.4)
Taisei Fire & Marine Insurance Co. 48.9 0.5
(-3.9)
Total 649.3 7.7
(-1.1)
Mitsui Marine & Fire Insurance Co. 311.0 10.6
(3.2)
Sumitomo Marine & Fire Insurance Co. 288.4 7.7
(3.9)
Total 599.4 18.4
Nippon Fire & Marine Insurance Co. 211.6 1.9
(1.0)
Koa Fire & Marine Insurance Co. 132.8 1.8
(-2.1)
Total 344.5 3.7
(-0.2)
Dai-Tokyo Fire & Marine Insurance Co. 214.1 3.6
(-0.6)
Chiyoda Fire & Marine Insurance Co. 196.7 -1.5
(-3.4)
Total 410.9 2.0
(-2.0)
Fuji Fire & Marine Insurance Co. 163.9 1.5
(-3.9)
Dowa Fire & Marine Insurance Co. 111.5 2.1
(1.1)
Nisshin Fire & Marine Insurance Co. 74.6 1.4
(-0.9)
Total of 14 firms 3,189.9 73.9
(0.4)
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