MS&AD Insurance Group Completes Significant Share Buyback

MS&AD Insurance Group Holdings, Inc. (the “Company”) has announced the completion of a noteworthy share buyback program, which could have substantial implications for shareholders and the market. The buyback was executed in accordance with Article 165, Paragraph 2 of the Companies Act of Japan and was finalized following a Board of Directors meeting held on May 20, 2024.

Key Points of the Report

• Type of shares purchased: Common stock of the Company
• Total number of shares purchased: 383,800 shares
• Aggregate amount of purchase price: JPY 1,296,812,400
• Period of purchase: November 1, 2024

Details from the Board of Directors Meeting on May 20, 2024

• Type of shares to be purchased: Common stock of the Company
• Total number of shares to be purchased: Up to 130,000,000 shares (8.2% of total issued shares, excluding treasury shares)
• Aggregate amount of purchase price: Up to JPY 190,000,000,000
• Period of purchase: From May 21, 2024, to December 23, 2024

Cumulative Purchase Details as of November 1, 2024

• Aggregate number of shares purchased: 57,405,916 shares
• Aggregate amount of purchase price: JPY 189,999,683,068

President & CEO Shinichiro Funabiki expressed optimism about the buyback, emphasizing its potential to enhance shareholder value. Shareholders should be aware of these developments as they could influence the Company’s stock price, given the significant amount of capital involved and the substantial percentage of shares repurchased.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.