Tokio Marine Holdings Reports Strong Financial Results for Fiscal 2024
Tokio Marine Holdings has announced its financial results for the fiscal year ending March 31, 2025, showing a substantial increase in net income and a positive revision to its full-year forecasts. The insurance group reported a net income of ¥695.81 billion for fiscal 2024, a significant rise from ¥374.61 billion in the previous year. This growth is attributed to improved underwriting performance in key markets such as North America and Brazil, as well as reduced natural catastrophe losses in its Japan property and casualty operations.
The company’s revenue for the year increased to ¥7.42 trillion, up from ¥6.61 trillion in the prior fiscal year. This growth was driven by robust demand and ongoing strategic initiatives across multiple business lines. In response to these strong results, Tokio Marine has raised its full-year adjusted net income forecast to ¥1.04 trillion, representing an increase of ¥40 billion from its earlier guidance.
Looking ahead to fiscal 2025, the company projects continued momentum with an adjusted net income forecast of ¥1.10 trillion, marking a 3% year-on-year increase. The adjusted return on equity (ROE) target has been set at 20.7%. Additionally, Tokio Marine has increased its dividend guidance for fiscal 2024 to ¥162 per share, a 32% rise compared to the previous year’s dividend. For fiscal 2025, the dividend per share is expected to further increase to ¥210.
In conjunction with the dividend increases, the company has announced an expanded share buyback program of ¥220 billion, an increase of ¥20 billion from its original plan. Tokio Marine’s capital strength remains robust, with an Economic Solvency Ratio (ESR) of 147% as of September 30, 2024, providing a solid foundation to support ongoing growth and risk management initiatives.
The company has also emphasized its ongoing efforts to enhance underwriting discipline, optimize its portfolio mix, and invest in digital transformation to improve customer engagement and operational efficiency. Furthermore, Tokio Marine reiterated its commitment to sustainable growth through environmental, social, and governance (ESG) initiatives.
