Japan: P&C majors expected to post profits for FY2018 despite CAT hits

Based on financial performance in the first half of fiscal 2018, three major P&C insurance groups in Japan are likely to remain profitable for the full fiscal year ending 31 March 2019 (FY2018), even after the exclusion of the accounting effect of the reversal of catastrophe reserves and gains on the sales of domestic stocks, according to Moody's Japan.

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