MS&AD Insurance Group Holdings, Inc. (MSADY) Q1 2027 Earnings Call Transcript

MS&AD Insurance Group Holdings, Inc. (MSADY) Q1 2027 Earnings Call August 14, 2026 4:00 AM EDT Company Participants Shinichiro Hayashi - General Manager of Investor Relations Dept. Shinichiro Nakayama Conference Call Participants Atsuro Takemura - Morgan Stanley, Research Division Naruhiko Sakamaki - Mizuho Securities Co., Ltd., Research Division Masao Muraki - SMBC Nikko Securities Inc., Research Division Kazuki Watanabe - Daiwa Securities Co. Ltd., Research Division Natsumu Tsujino - BofA Securities, Research Division Ryusei Mashima - Tokai Tokyo Intelligence Laboratory Co., Ltd. Futoshi Sasaki - Nomura Securities Co. Ltd., Research Division Koki Sato - JPMorgan Chase & Co, Research Division Koichi Niwa - UBS Investment Bank, Research Division Presentation Shinichiro Hayashi General Manager of Investor Relations Dept. Ladies and gentlemen, esteemed investors and analysts, thank you very much for taking time out of your busy schedule to join today's earnings conference call for MS&AD Insurance Group Holdings, Inc. My name is Hayashi from the IR Department, and I will be moderating today's session. Also participating are Mr. Nakayama, General Manager of the Accounting Department, together with the colleagues from both the IR and accounting departments. The presentation materials are available on our company's website under the Investors section, specifically in the IR events area listed alongside the earnings release and other related disclosures for the fiscal 2026 first quarter results. Please have these materials ready as we proceed. As with our previous conference calls, we have included a summary of today's presentation in the materials. Therefore, at the outset, I will focus only on the key points, and we will dedicate most of the session to the Q&A. We aim to conclude the entire meeting in approximately 45 minutes, and we appreciate your understanding. Furthermore, please be aware that today's presentation may include forward-looking statements based on our current forecasts. Such statements are subject to risks and uncertainties, and actual results