MS&AD Insurance Group Holdings, Inc. (TSE:8725) announces a share repurchase program. Under the program, the company will repurchase up to 130,000,000 shares, representing 8.17% of its total shares outstanding excluding treasury shares, for a total of ¥190,000 million. The purpose of repurchase program is to improve shareholder returns and capital efficiency.

The repurchase program is valid till December 23, 2024. As of March 31, 2024, the company had 1,590,308,382 shares outstanding excluding treasury shares and had 17,905,818 shares in treasury.