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Financial results presentation8766Tokio Marine Holdings,Inc.Financials (excluding banks)

Materials for the Financial Results Press Conference for the Fiscal Year Ending March 2026

In fiscal 2025, net premiums written increased, but consolidated ordinary profit was ¥1,348.6 billion and net income attributable to owners of the parent was ¥980.4 billion, representing year-on-year declines. For fiscal 2026, the company expects profit attributable to owners of the parent of ¥830,000 million on an IFRS basis and has raised its annual dividend forecast to ¥245.

Worth reading
32Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-74848
¥ million
Wording
Definitive
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFiscal year ending March 20264 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥1,348,630 million-7.6%
Net income¥980,428 million-7.1%
Full-year earnings forecast
Insurance revenue and revenue from the Solutions business
¥7,848,000 million
Profit for the period attributable to owners of the parent
¥830,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Change in net premiums written and life insurance premiums¥51,629 million
  • Change in net incurred claims from natural catastrophes¥-69,468 million
  • Change in net income of Tokio Marine & Nichido Fire¥-218,594 million
  • Change in net income of overseas insurance companies¥85,467 million
Key KPIsA metric the company considers important as a management benchmark.
  • Net premiums written and life insurance premiums¥5,943,584 million
    Year on year against the same period last year+0.9%
  • Net loss ratio (Tokio Marine & Nichido Fire)64.2 %
    Year on year against the same period last year-0.3%
  • Net expense ratio (Tokio Marine & Nichido Fire)31.4 %
    Year on year against the same period last year-0.2%
  • Combined ratio (Tokio Marine & Nichido Fire)95.6 %
    Year on year against the same period last year-0.5%
  • Net loss ratio (in-force policies of Tokio Marine & Nichido Life)
Segment results
Net Premiums Written
Tokio Marine & Nichido Fire
¥2,596,396 million+3.1%
Nisshin Fire
¥161,943 million+2.3%
Overseas Insurance Companies
¥2,775,361 million+6.8%
Profit attributable to owners of the parent
Tokio Marine & Nichido Fire
¥731,125 million-23.0%
Nisshin Fire
¥5,223 million
Anshin Life
¥11,448 million-76.3%
Overseas Insurance Companies
¥540,836 million+18.8%
Solutions and Other Operating Companies
¥15,257 million+150.8%
Annual Dividend
FY2025
Annual¥218
Interim¥105.5
End of period¥112.5
FY2026 forecast
Annual¥245
Interim¥122.5
End of period¥122.5
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFiscal year ending March 2026
Ordinary income¥1,348,630 million (YoY -7.6%)
Net income¥980,428 million (YoY -7.1%)
Full-year earnings forecastInsurance revenue and revenue from the Solutions business ¥7,848,000 million / Profit for the period attributable to owners of the parent ¥830,000 million
Segment resultsNet Premiums Written Tokio Marine & Nichido Fire ¥2,596,396 million (YoY +3.1%) / Nisshin Fire ¥161,943 million (YoY +2.3%) / Overseas Insurance Companies ¥2,775,361 million (YoY +6.8%) / Profit attributable to owners of the parent Tokio Marine & Nichido Fire ¥731,125 million (YoY -23.0%) / Nisshin Fire ¥5,223 million / Anshin Life ¥11,448 million (YoY -76.3%) / Overseas Insurance Companies ¥540,836 million (YoY +18.8%) / Solutions and Other Operating Companies ¥15,257 million (YoY +150.8%)
Breakdown of Factors Affecting the ChangeFactors Change in net premiums written and life insurance premiums / Amount ¥51,629 million, Factors Change in net incurred claims from natural catastrophes / Amount ¥-69,468 million, Factors Change in net income of Tokio Marine & Nichido Fire / Amount ¥-218,594 million, Factors Change in net income of overseas insurance companies / Amount ¥85,467 million
Key KPIsIndicator name Net premiums written and life insurance premiums / Value ¥5,943,584 million / Year on year against the same period last year ¥0.9 million, Indicator name Net loss ratio (Tokio Marine & Nichido Fire) / Value 64.2 % / Year on year against the same period last year -0.3 %, Indicator name Net expense ratio (Tokio Marine & Nichido Fire) / Value 31.4 % / Year on year against the same period last year -0.2 %, Indicator name Combined ratio (Tokio Marine & Nichido Fire) / Value 95.6 % / Year on year against the same period last year -0.5 %, Indicator name Net loss ratio (in-force policies of Tokio Marine & Nichido Life) / Value Not disclosed / Year on year against the same period last year Not disclosed
Annual DividendFY2025 Annual ¥218 / Interim ¥105.5 / End of period ¥112.5 / FY2026 forecast Annual ¥245 / Interim ¥122.5 / End of period ¥122.5
Items this document does not state (22)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The materials indicate that net incurred claims from natural catastrophes decreased from the previous year. They also identify differences between Japanese GAAP and IFRS in the treatment of gains on the sale of strategic equity holdings, the recognition of ceded reinsurance gains and goodwill amortization. No single primary cause is explained in the text for the decline in consolidated net income.

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Materials for the Financial Results Press Conference for the Fiscal Year Ending March 2026 | Tokio Marine Holdings,Inc. (8766) timely disclosure | Komori