Reduction in profit or loss for future periods due to modified coinsurance reinsurance
First written in FY2020-Q3. 10 of 11 entries say "Restated". Latest entry: FY2023-Q3.
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- FY2023-Q3RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Consequently, ordinary profit and net income decrease during that period.」
The company continues to describe the trade-off between the mitigation of the capital burden through modified coinsurance reinsurance and the reduction in ordinary profit and net income over a certain period accompanying the phased amortization of ceded commissions. - FY2023-Q2RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Consequently, ordinary profit and net income decrease during that period.」
The company continues to describe the trade-off between the mitigation of the capital burden through modified coinsurance reinsurance and the reduction in ordinary profit and net income over a certain period accompanying the phased amortization of ceded commissions. - FY2023-Q1RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Consequently, ordinary profit and net income decrease during that period.」
The company continues to describe the trade-off between the mitigation of the capital burden through modified coinsurance reinsurance and the reduction in ordinary profit and net income over a certain period accompanying the phased amortization of ceded commissions. - FY2022RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Consequently, ordinary profit and net income decrease during that period.」
The company continues to describe the trade-off between mitigating capital strain through reinsurance and reducing future-period profit through the phased amortization of ceded commissions. - FY2022-Q3RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Accordingly, net assets decrease during that period.」
The company continues to describe the trade-off between the mitigation of the capital burden through modified coinsurance reinsurance and the reduction in net assets over a certain period accompanying the phased amortization of ceded commissions. - FY2022-Q2RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Accordingly, net assets decrease during that period.」
The company continues to describe the trade-off between the mitigation of the capital burden through modified coinsurance reinsurance and the reduction in net assets over a certain period accompanying the phased amortization of ceded commissions. - FY2022-Q1RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Consequently, ordinary profit and net income decrease during that period.」
The company continues to describe the trade-off whereby modified coinsurance reinsurance mitigates the capital burden while ordinary profit and net income decrease over a certain period through the phased amortization of ceded commissions. - FY2021-Q3RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Accordingly, net assets decrease during that period.」
The company continues to describe the trade-off whereby modified coinsurance reinsurance mitigates the capital burden while net assets decrease over a certain period in line with the phased amortization of ceded commissions. - FY2021-Q2RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Accordingly, net assets decrease during that period.」
The company continues to describe the trade-off whereby modified coinsurance reinsurance mitigates the capital burden while net assets decrease over a certain period in line with the phased amortization of ceded commissions. - FY2021-Q1RestatedAnnual report
「However, the ceded commissions received are initially recognized as an asset under reinsurance assets and then amortized over a certain period based on reinsurance income and expenses. Consequently, ordinary profit and net income decrease during that period.」
The company again explained that modified coinsurance reinsurance mitigates the capital burden while reducing profit and net assets over a certain period through the phased amortization of ceded commissions. - FY2020-Q3First statedAnnual report
「However, because an amount equivalent to the post-contract cash flows relating to the ceded reinsurance contract is transferred over a certain period, this reduces the company's earnings in future periods.」
Modified coinsurance reinsurance mitigates the accounting capital reduction caused by new business costs, while creating a new risk in the form of a trade-off: part of the cash flows from the ceded reinsurance contract is transferred over a certain period, reducing earnings in future periods.