MS&AD Insurance Group Holdings, Inc. is a Japan-based holding company. Through its subsidiaries and associated companies, the Company operates four business segments in both domestic and overseas markets. The Domestic Non-Life Insurance segment is engaged in non-life insurance businesses. The Domestic Life Insurance segment is engaged in the life insurance businesses. The Overseas segment is engaged in the overseas related businesses. The Financial Services and Risk-related Services segment is involved in two divisions. The financial services division is engaged in the asset management, financial security, 401 k, alternative risk transfer (ART), personal loan and venture capital businesses. The risk related services division is engaged in the risk management, nursing care and asset evaluation businesses, among others. As of March 31, 2012, the Company had 118 subsidiaries and 30 associated companies.