) - said on Tuesday that insurance payments for damages from two recent strong typhoons will reach a combined 868.8 billion yen .
Sompo Holdings downgraded its net profit estimate for the current fiscal year to 118 billion yen, down 19.5% from the previous year and a turnaround from an initial estimate of a 14.6% profit increase on last year. “We’d like to consider raising fees” in response to a series of big natural disasters in the current year and a rising number of old houses suffering from water leaks, said Hirokazu Fujita, senior managing director of Tokio Marine.
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