MS&AD Insurance Group Valuation Multiples

MS&AD Insurance Group Overview

About MS&AD Insurance Group

MS&AD is Japan’s second-biggest nonlife insurer, trailing industry leader Tokio Marine in the scale of global operations although not in Japan. Like Tokio Marine and Sompo, MS&AD has grown into a second-tier presence in the domestic life insurance market since life and non-life insurance were mutually deregulated in 1996. Overseas, it is less focused on the US market than its two Japanese rivals and more focused on emerging Asia, but its acquisition of Lloyd’s syndicate Amlin in 2017 increased its exposure to the European and North American markets. MS&AD has historical business connections with the Mitsui and Sumitomo groups (the "MS" in the company name) and has a long-term partnership with Toyota Motor that is advantageous in acquiring auto insurance customers.

Founded

2008

HQ

Employees

38.2K

Website

ms-ad-hd.com

Sectors

Insurance Carriers

Financials (LTM)

Revenue: $42B

EBITDA: $5B

EV

$33B

Valuation Multiples

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MS&AD Insurance Group Financials

MS&AD Insurance Group reported last 12-month revenue of $42B and EBITDA of $5B.

In the same LTM period, MS&AD Insurance Group generated $5B in EBITDA and $4B in net income.

MS&AD Insurance Group P&L

In the most recent fiscal year, MS&AD Insurance Group reported revenue of $46B and EBITDA of $6B.

MS&AD Insurance Group expects next 12-month revenue of XXX and NTM EBITDA of XXX

MS&AD Insurance Group Stock Performance

MS&AD Insurance Group has current market cap of $40B, and enterprise value of $33B.

MS&AD Insurance Group's stock price is $27.42.

MS&AD Insurance Group Valuation Multiples

MS&AD Insurance Group trades at 0.8x EV/Revenue multiple, and 6.4x EV/EBITDA.

MS&AD Insurance Group Financial Valuation Multiples

As of March 7, 2026, MS&AD Insurance Group has market cap of $40B and EV of $33B.

Equity research analysts estimate MS&AD Insurance Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

MS&AD Insurance Group has a P/E ratio of 9.8x.

MS&AD Insurance Group Margins & Growth Rates

MS&AD Insurance Group's revenue in the last 12 month grew by 1%.

MS&AD Insurance Group's revenue per employee in the last FY averaged $1.1M.

MS&AD Insurance Group's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

MS&AD Insurance Group's rule of X is 15% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

MS&AD Insurance Group Public Comps

See public comps and valuation multiples for other Insurance Carriers comps.

MS&AD Insurance Group M&A Activity

MS&AD Insurance Group acquired XXX companies to date.

Last acquisition by MS&AD Insurance Group was on XXXXXXXX, XXXXX. MS&AD Insurance Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

MS&AD Insurance Group Investment Activity

MS&AD Insurance Group invested in XXX companies to date.

MS&AD Insurance Group made its latest investment on XXXXXXXX, XXXXX. MS&AD Insurance Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).