Japan: Life insurers' earnings expected to remain strong

The main risk of Section 899 of the US Tax Bill for European insurers and reinsurers relates to a tax on dividends from their US subsidiaries, however, the impact on earnings is expected to be relatively manageable, according to Berenberg.Section 899 of the US Tax Bill, passed by Congress on 22nd May, 2025, would allow the US to tax dividends paid by US subsidiaries to their parent companies, with