MS&AD expands share buyback, cancels stock, invests in asset management

MS&AD Insurance Group Holdings, Inc. resolved to cancel 115,846,976 shares of its common stock, representing 7.2% of issued shares, effective November 28, 2025. Following this, issued shares will total 1,608,398,708.

The company also expanded its share repurchase plan for fiscal year 2025 from 200 bn yen to 220 bn yen. An additional 135 bn yen is allocated for repurchases from November 20, 2025, to March 24, 2026, targeting up to 75 million shares (approximately 5.0% of outstanding shares).

This aligns with MS&AD's capital policy to enhance shareholder returns and capital efficiency. Separately, Mitsui Sumitomo Insurance Co., Ltd., a subsidiary, agreed to acquire an 18% equity interest in Barings LLC for $1,440 m. This aims to strengthen asset management capabilities, diversify the business portfolio, and enhance insurance product development. The acquisition is expected to close after regulatory approvals.