Tokio Marine Holdings Reports Significant Increase in Net Income
Tokio Marine Holdings has announced its financial results for the fiscal year ended March 31, 2025, showing a substantial rise in net income and a positive revision to its full-year forecasts. The company posted a net income of ¥695.81 billion for fiscal 2024, up from ¥374.61 billion the previous year. This increase was primarily driven by improved underwriting performance in key markets such as North America and Brazil, as well as a reduction in natural catastrophe losses within its Japan property and casualty operations.
The company’s revenue for the year increased to ¥7.42 trillion, compared with ¥6.61 trillion in the prior fiscal year. This growth was attributed to robust demand and ongoing strategic initiatives across multiple business lines. As a result of these positive results, Tokio Marine raised its full-year adjusted net income forecast to ¥1.04 trillion, an increase of ¥40 billion from the earlier guidance.
Looking ahead to fiscal 2025, the company projects continued momentum with an adjusted net income forecast of ¥1.10 trillion, representing a 3% rise year-on-year. The adjusted return on equity (ROE) target is set at 20.7%. In line with its positive outlook, Tokio Marine has increased its dividend guidance for fiscal 2024 to ¥162 per share, marking a 32% rise compared with the previous year’s dividend. For fiscal 2025, the dividend per share is expected to increase further to ¥210.
In addition to the dividend increases, the company announced an expanded share buyback program of ¥220 billion, up ¥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 buffer to support ongoing growth and risk management initiatives.
The company highlighted its ongoing efforts to enhance underwriting discipline, optimize its portfolio mix, and invest in digital transformation to improve customer engagement and operational efficiency. Tokio Marine also reiterated its commitment to sustainable growth through environmental, social, and governance (ESG) initiatives.
