Japan Insurance: Relaunching Full Coverage; Historically High Valuations Mostly Justified
We relaunch full coverage of Japanese insurers Tokio Marine Holdings, MS&AD Insurance Group, Sompo Holdings, and Dai-Ichi Life Holdings. The Topix Insurance Index has risen 38% in 2024, the best performance among 33 Topix sectors and versus a 7% rise in the broad Japanese stock market.