Insufficient insurance claims payments due to fluctuations in premium assumptions and insured-event rates
First written in FY2022-Q2. 7 of 14 entries say "Worsened", first in FY2023-Q3. Latest entry: 2026-09-11.
Asiro moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Worsened".
- 2026-09-11WorsenedEarnings
「In the Legal Protect business, revenue was ¥58,213 thousand, up 11.2% year on year, while the segment loss was ¥135,498 thousand, compared with a loss of ¥100,807 thousand in the same period of the previous year.」
The Legal Protect segment loss widened year on year, indicating deteriorating realized profitability risk including insurance and new services. - FY2026-H1WorsenedAnnual report
「As a result, revenue in the Legal Protect business was ¥37.108 million, up 4.1% year on year, and segment loss was ¥84.894 million, compared with a segment loss of ¥47.512 million in the same period of the previous year.」
In the Legal Protect business, including the insurance business, revenue increased slightly, while the segment loss widened due to upfront investments in building a sales platform, increasing awareness and developing new services. - FY2025WorsenedAnnual report
「As a result, revenue was ¥69.440 million, down 8.6% year on year, and segment loss was ¥159.559 million, compared with a loss of ¥130.470 million in the same period of the previous year. The wider loss for the period was attributable to upfront investments in developing insurance products for corporate customers, building systems and establishing a sales structure, which are positioned as strategic groundwork for medium- to long-term growth.」
The insurance business segment loss widened from ¥130.470 million to ¥159.559 million. Profit or loss on onerous contracts of ¥55.172 million was also recognized, indicating that profitability risks in the insurance business are reflected in the results. - FY2025-H1MitigatedAnnual report
「The insurance business operated by 株式会社アシロ少額短期保険 had previously focused on expanding sales of existing products, but since the previous fiscal year it has focused primarily on developing new products and preparing for future growth, including product development. As a result, revenue was ¥35.641 million, down 4.9% year on year, and segment loss was ¥47.512 million, compared with a loss of ¥101.261 million in the same period of the previous year.」
The focus shifted from expanding sales of existing products to developing new products, and the insurance business segment loss narrowed from ¥101.261 million in the same period of the previous year to ¥47.512 million. - FY2024RestatedAnnual report
「Profit or loss on onerous contracts 21,643」
Profit or loss on onerous contracts of ¥21.643 million continued to be recognized, leaving risks relating to the profitability of insurance contracts. - FY2024-Q1RestatedAnnual report
「As a result, revenue was ¥18.276 million, up 20.6% year on year, and segment loss was ¥20.075 million, compared with a loss of ¥32.620 million in the same period of the previous year.」
Revenue in the insurance business increased and the segment loss narrowed from the same period of the previous year, but the business remained loss-making. No material changes were disclosed regarding risks relating to premium pricing, insurance claim incidence rates or other factors. - FY2023WorsenedAnnual report
「アシロ少額短期保険 operates a stock-based revenue model in which revenue increases in line with the number of policies in force, and we are promoting sales activities using the web marketing capabilities that our Group considers a strength to build up the number of policies in force. However, in light of slower progress than initially planned, following discussions with the audit firm, we recognized an impairment loss of ¥98.335 million on part of the goodwill relating to the insurance business recognized when the company became a consolidated subsidiary. The segment results above include this impairment loss.」
Progress in building up the number of policies in force in the insurance business was slower than initially planned, and an impairment loss of ¥98.335 million was recognized on goodwill relating to the insurance business. The segment loss also widened to ¥217.499 million. - FY2023-Q3WorsenedAnnual report
「Revenue was ¥47.020 million, up 227.1% year on year, and segment loss was ¥98.613 million, compared with a loss of ¥34.814 million in the same period of the previous year.」
Revenue in the insurance business increased, but the segment loss widened to ¥98.613 million, with risks relating to premiums, claim incidence rates and other factors continuing to appear as losses. - FY2023-Q2MaterialisedAnnual report
「Revenue was ¥30.450 million, and segment loss was ¥67.271 million.」
The insurance business recorded a segment loss of ¥67.271 million for the six-month cumulative period, with risks relating to assumptions about revenue, claim incidence rates and other factors continuing to appear as losses. - FY2022MaterialisedAnnual report
「Profit or loss on onerous contracts 25,363」
Profit or loss on onerous contracts of ¥25.363 million was recognized in the insurance business, while the segment loss in the insurance business was ¥62.616 million, indicating that risks relating to assumptions about premiums and claim incidence rates are reflected in the results. - FY2022-Q3RestatedAnnual report
「Our Group's small-amount and short-term insurance business sells insurance that covers part of the costs incurred when policyholders engage a lawyer to resolve problems encountered in daily life. If economic conditions or insurance claim incidence rates assumed when premiums are set change substantially contrary to those assumptions, our Group's operating results and financial condition may be affected.」
Risks relating to assumptions used in setting premiums, changes in insurance claim incidence rates and claims payments exceeding reserves continue to be disclosed. - FY2022-Q2First statedAnnual report
「Our Group's small-amount and short-term insurance business sells insurance that covers part of the costs incurred when policyholders engage a lawyer to resolve problems encountered in daily life. If economic conditions or insurance claim incidence rates assumed when premiums are set change substantially contrary to those assumptions, our Group's operating results and financial condition may be affected.」
Following the conversion of カイラス社 into a consolidated subsidiary, risks relating to assumptions used in setting premiums, changes in insurance claim incidence rates and claims payments exceeding extraordinary risk reserves were disclosed for the first time.