Tokio Marine Holdings reveals full-year results

Tokio Marine Holdings reveals full-year results | Insurance Business

Tokio Marine Holdings reveals full-year results

Tokio Marine Holdings, the group behind Europe’s Tokio Marine Kiln and North America’s Tokio Marine HCC, has published its business results for the fiscal year from April 01, 2020 to March 31, 2021.

According to the Japan-headquartered company’s consolidated results of operations, net income attributable to owners of the parent amounted to ¥161.8 billion (around $1.48 billion) in fiscal year 2020. The figure represents a 37.7% decline from the corresponding sum in fiscal year 2019.

Broken down, here’s where the attributable net income came from:

Business

Net income

Tokio Marine & Nichido

¥109.4 billion

Nisshin Fire

¥17.1 billion

Tokio Marine & Nichido Life

¥46.5 billion

Overseas subsidiaries

¥130.7 billion

Financial and other business subsidiaries

¥7 billion


Meanwhile, it was announced separately that Tokio Marine Holdings plans to “positively consider” large merger and acquisition deals in fiscal year 2021.