Japan-based insurance company Fuji Fire & Marine has released its first quarter 2007 results. Net premiums written stood at JPY73.3 billion, up 0.2% compared with the same period in 2006.
Fire and accident & health rose 3.7% and 4.7%, respectively, while motor continues to improve cost structure, down only 0.8%. Investment income increased to JPY6.1 billion due to good returns from the REIT market.
Life premiums rose 9.5%, from JPY7 billion to JPY7.7 billion in Q1 07. Additionally, Fuji Fire & Marine recorded ordinary income of JPY3.5 billion and net income of JPY2.1 billion, in range for full-year forecasts.