MS&AD Insurance Group Holdings, Inc. (the “Company”) aims to earn trust and achieve an appropriate evaluation from shareholders, investors, and securities analysts (“shareholders and investors”) through our IR activities by disclosing information regarding management strategies and financial information in a fair, timely, and appropriate manner, and by engaging in constructive dialogue with our shareholders and investors. Furthermore, the Company strives for sustainable growth and enhancement of corporate value by utilizing insights gained from dialogues with shareholders and investors in its management.

To ensure the appropriateness and accuracy of information disclosure and promote constructive dialogue with shareholders and investors, the Company appoints an executive responsible for overseeing IR activities and establishes the dedicated IR Department. The department cooperates appropriately with management, business execution divisions, and group companies.

(IR Spokespersons)
The Company conducts IR activities through the Group CEO, Group CFO, officers and staff of the IR Department, and officers and staff from various group companies approved by these individuals.

The Company conducts the following disclosures in accordance with the Financial Instruments and Exchange Act and related laws, as well as the Securities Listing Regulations:

• Statutory Disclosure (such as securities reports and extraordinary reports)
• Timely Disclosure (such as earnings releases and materials voluntarily attached by the Company, information on significant decisions, or factual occurrences)
  In addition, the Company actively engages in:
• Voluntary Disclosure (information of high interest to shareholders and investors, and various types of information that help promote understanding of our Group)

Information disclosure based on the Financial Instruments and Exchange Act is conducted using the Electronic Disclosure System for Disclosure Documents under the Financial Instruments and Exchange Act (EDINET) provided by the Financial Services Agency.
Information disclosure based on Securities Listing Regulations is conducted using the Timely Disclosure Network (TDnet) provided by the Tokyo Stock Exchange, and is promptly posted on the Company's website.

The Company is committed to fair information disclosure to both domestic and international audiences by posting information that does not fall under timely disclosure on its website and other platforms. Additionally, the Company ensures strict information management among officers and employees to prevent the selective disclosure of unpublished material information to certain “business associates.”  
If material information is inadvertently communicated to certain “business associates,” the Company will promptly disclose such information on its website or take other appropriate measures.

* “Business associates” refers to persons listed in Article 27-36, Paragraph 1 of the Financial Instruments and Exchange Act, who are presumed to have a high likelihood of being involved in the trading of securities, such as financial instrument business operators.

In this policy, “material information” refers to information that, in addition to being required to be disclosed under the timely disclosure rules of the Tokyo Stock Exchange, includes definitive financial information related to annual or quarterly results that may have a significant impact on the Company's stock price.

However, the following discussions concerning forward-looking information, etc. do not generally constitute material information, unless they have the potential to significantly impact the price of securities upon disclosure:

• Information exchanged in discussions with management regarding medium- to long-term corporate strategies and plans  
• Detailed breakdowns or supplementary explanations of already disclosed information, or forecasts of economic trends underlying announced performance forecasts
• Information that, when combined with other information, could influence investment decisions, but does not, in itself, immediately affect investment decisions

To ensure fair disclosure of material information such as financial results, the Company establishes a “quiet period” of three weeks before the announcement of each quarterly financial result. During this period, the Company refrains from commenting on financial results, responding to inquiries related to them, and, in principle, from holding individual meetings or presentation about the Company.

In principle, the Company does not comment on market rumors. However, if it is determined that circulating rumors could have a significant impact on the Company's stock price, the Company may make certain disclosures through its website or the Timely Disclosure Network (TDnet), among other methods.

Reference: Organization Chart (Disclosure to Investors, etc.)