JAPANESE INSURERS' EARNINGS SLIDE

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* Friday,February 13, 2009 As of 10:41 AM GMT
Earnings
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* FEBRUARY 13, 2009, 5:41 A.M. ET

Japanese Insurers' Earnings Slide

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TOKYO -- Japan's top five non-life insurers Friday posted dismal results in the April-December period due to securities losses totaling about $4.4 billion, revealing the extent of damage suffered from the economic downturn, and highlighting how the stock market slump has spread to domestic financial institutions.

NOTE: the tokyo japan is the top five of non-life insurance.

Tokio Marine Holdings Inc., Japan's largest non-life insurer by revenue, said its net profit for its first three fiscal quarters plunged 97% to 4.64 billion yen ($51.1 million) from 133.46 billion yen a year earlier.

Its net insurance premiums dropped 1.3% to 1.666 trillion yen from 1.687 trillion yen, dragged down ...

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