Nipponkoa Insurance Co. Ltd. expected to Report First-Half, 2010 Results on November 19, 2009. This event was calculated by Capital IQ (Created on October 13, 2009).

Nipponkoa Insurance Co. Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2009. For the quarter, the company reported net income of ¥7,657 million or ¥10.17 per basic share and ¥10.16 per diluted share on net premiums written ¥164,859 million compared to net income of ¥6,783 million or ¥8.89 per basic share and ¥8.88 per diluted share on net premiums written ¥176,991 million for the same period last year. Income before income taxes of ¥10,474 million compared to ¥8,584 million for the same period last year. Investment income of ¥14,434 million compared to ¥14,697 million for the same period last year. Ordinary profit was ¥11,736 million compared to ¥9,340 million for the same period last year. Ordinary income was ¥216,090 million compared to ¥233,025 million for the same period last year. The company reported nonconsolidated net income of ¥7,415 million on net premiums written ¥174,411 million compared to net income of ¥6,655 million on net premiums written ¥162,099 million for the same period last year. Income before income taxes of ¥10,057 million compared to ¥8,453 million for the same period last year. Investment income of ¥12,310 million compared to ¥12,785 million for the same period last year. Ordinary profit was ¥11,288 million compared to ¥9,180 million for the same period last year. For the half year ending September 30, 2009, the company expects net income of ¥4,000 million or ¥5.31 per share. The company also expects ordinary profit of ¥8,000 million and ordinary income of ¥440,000 million. For the full year ending March 31, 2010, the company expects net income of ¥13,000 million or ¥17.27 per share. The company also expects ordinary profit of ¥22,000 million and ordinary income of ¥890,000 million.

Nipponkoa Insurance Co. Ltd. received approval from China Insurance Regulatory Commission (CIRC) to establish its first wholly-owned subsidiary in Shenzhen, a coastal city in south China's Guangdong Province with registered capital of CNY 200 million. The Japanese insurer will provide services including property damage, liability, credit, short-term health and accident insurance services, as well as reinsurance business for aforementioned services.