Tokio Marine shares results for fiscal year

Tokio Marine shares results for fiscal year | Insurance Business Australia

Tokio Marine shares results for fiscal year

Tokio Marine Holdings has released the insurance group’s consolidated business results for the 2021 fiscal year, which spans the period from April 01 last year to March 31, 2022.

The company, operations of which include Tokio Marine Kiln in Europe and Tokio Marine HCC in North America, reported the following numbers:

Metric

Fiscal year 2021

Fiscal year 2020

Ordinary income

¥5.9 trillion

¥5.5 trillion

Ordinary profit

¥567.4 billion

¥266.7 billion

Net income attributable to owners of the parent

¥420.5 billion

¥161.8 billion

 

Broken down into contributors, ¥235.5 billion of the net income attributable to owners of the parent came from Tokio Marine & Nichido; ¥12.5 billion, Nissin Fire; ¥48.4 billion, Tokio Marine & Nichido Life; ¥255.5 billion, overseas subsidiaries; and ¥6.6 billion from financial and other business subsidiaries. The overall sum would have been higher if not for the ¥138.1 billion hit from consolidation adjustment, etc.

For fiscal year 2022, Tokio Marine is forecasting a higher net income attributable to owners of the parent, at an estimated ¥430 billion.