Tokio Marine Holdings, Inc. · TSE:8766
Tokio Marine — Shareholder Meeting (June 2021)
36 slides from Tokio Marine's shareholder meeting presentation, Jun 28, 2021
Slide 1: Tokio Marine Group Business Strategy
To Our Shareholders The 19th Ordinary General Meeting of Shareholders Tokio Marine Group Business Strategy June 28, 2021 Satoru Komiya President & Group CEO Copyright (c) 2021 Tokio Marine Holdings, Inc.
Slide 2: Table of Contents
Table of Contents 1 Performance Topics P.02 2 Our Value Creation Story Starting From Our Purpose P.07 3 New Mid-Term Business Plan P.18 Copyright (c) 2021 Tokio Marine Holdings, Inc. １
Slide 3: 1. Performance Topics
1. Performance Topics Copyright (c) 2021 Tokio Marine Holdings, Inc. ２
Slide 4: Review of FY 2020
1. Performance Topics Review of FY 2020 Steady growth by acquiring customer's support despite COVID-19. Enhanced capabilities through solving issues. ◼ Insurance ◼ Adjusted net premiums income* ＋ 0.2% （billions of JPY） ＋ 17.2% （ billions of JPY） 3,606.5 336.1 3,598.3 286.7 2019 2020 2019 2020 *: Adj
Slide 5: Review of FY 2020: Impact of COVID-19 and natural disasters
１. Performance Topics Review of FY 2020 Managed the impact of COVID-19 and large-scale natural disasters to approx. 20%*1 of income through global risk diversification Impacts of COVID-19 Occurrence of large scale Natural Disasters Event Cancellation Heavy rain in July 2nd year of Typhoons Earthquak
Slide 6: Our Response to COVID-19
１. Performance Topics Our Response to COVID-19 Met stakeholder’s expectations while ensuring the safety of our employees Maintained smooth operations Met stakeholder’s expectations Customers Society ◼ Used smartphone apps to respond to the needs of remote • Online medical operation consultations Soc
Slide 7: Our Understanding and Initiatives on COVID-19
1. Performance Topics Our Understanding and Initiatives on COVID-19 The influence of COVID-19 on our issues is relatively small. We will accelerate and enhance our efforts by reviewing our strategy. Remote ■ Fully remote operations in times of emergency ■ Support digitalization of agents Accelerate
Slide 8: 2. Our Value Creation Story Starting From Our Purpose
2. Our Value Creation Story Starting From Our Purpose Copyright (c) 2021 Tokio Marine Holdings, Inc. ７
Slide 9: Changes in the Global Environment
2. Our Value Creation Story Starting From Our Purpose Changes in the Global Environment Technological Innovation Increasing inequality COVID-19 Climate change Rising geopolitical risk Copyright (c) 2021 Tokio Marine Holdings, Inc. ８
Slide 10: Our Consistent Purpose
2. Our Value Creation Story Starting From Our Purpose Our Consistent Purpose Protect our customers and communities in their times of need Contribution to stakeholders Contributing to the realization of healthy and enriched lives of our customers by delivering For Customers safety and security and by
Slide 11: What we need to achieve our purpose
2. Our Value Creation Story Starting From Our Purpose What we need to achieve our purpose To achieve our purpose, we have developed and continued enhancing our unique “three strengths” for 142 years since our foundation by trying to solve various social issues Ability to deliver safety and Ability t
Slide 12: Ability to deliver safety and increase a sense of security
2. Our Value Creation Story Starting From Our Purpose (1) Ability to deliver safety and increase a sense of security Comprehending the challenges faced by our customers and communities ahead of others, we have developed and delivered to our customers products designed to solve these challenges based
Slide 13: Expand the area of insurance beyond payments
2. Our Value Creation Story Starting From Our Purpose (1) Ability to deliver safety and increase a sense of security Expand the area of insurance and deliver safety that goes beyond insurance payments Prompt recovery Disaster prevention / reduction Insurance payment from disaster Use cleaning techno
Slide 14: Safe and secure car life using Drive Agent Personal
2. Our Value Creation Story Starting From Our Purpose (1) Ability to deliver safety and increase a sense of security Rigorous use of technology: Safe and secure car life using Drive Agent Personal (DAP) Accident reenactment system Dual-camera drive recorder with messaging function [industry first] A
Slide 15: Ability to diversify risks
2. Our Value Creation Story Starting From Our Purpose (2) Ability to diversify risks 2000 2007 2012 2015 2018 2020 Weight of overseas insurance business in group-wide income Business diversification Acquired 3％ 46％ Regional diversification Feb 2020 Secure entry point to emerging markets (2002) (2021
Slide 16: Top 10 corporate insurer in the U.S.
2. Our Value Creation Story Starting From Our Purpose (2) Ability to diversify risks One of top ten companies in corporate insurance in the U.S. which has the world’s largest insurance market Profit in North American 企業分野 Corporate insurance*1 Top 10 business*3 Top0 (Million of USD) 1800 1600 Top-cl
Slide 17: Integrated group management
2. Our Value Creation Story Starting From Our Purpose (3) Integrated group management Assign excellent personnel to the most suitable role to realize Group strategy Donald Sherman Christopher Williams USA Senior Managing Executive Officer USA Senior Managing Executive Officer Co-CIO (Group Co-Chief
Slide 18: Contribute to build a sustainable society starting from our purpose
2. Our Value Creation Story Starting From Our Purpose Contribute to build a sustainable society starting from our purpose Unconsecutive society with no “common sense” and “normal times” Social issues become more complex and risks have ever been increasing In this situation, as an insurance company,
Slide 19: 3. New Mid-Term Business Plan
3. New Mid-Term Business Plan Copyright (c) 2021 Tokio Marine Holdings, Inc. 18
Slide 20: Growth Strategy
3. New Mid-Term Business Plan New Mid-Term Business Plan 2023 ～Adapt, Lead, Innovate～ A global insurance group that delivers sustainable growth by Long-term providing safety and security to customers worldwide vision - Our timeless endeavor to be a Good Company - Win-Win situation with Glocal X Syne
Slide 21: Counter global social issues (new market x new approach)
3. New Mid-Term Business Plan Counter global social issues (new market x new approach) Focus on global social issues by full use of the Group’s total capabilities to achieve sustainable growth Help promote renewable energy Response to cyber risk Support for SMEs Established the Provide total support
Slide 22: Raise productivity through digitalization
3. New Mid-Term Business Plan Raise productivity through digitalization (enhance earnings power of the core insurance business) ⚫ Improve customer convenience and further raise productivity through the rigorous use of digital technologies ⚫ Use the generated time to tackle more social issues, thereb
Slide 23: Provide new insurance products
3. New Mid-Term Business Plan Creation of New Value（New Markets X New Approach） Create “new values” that go beyond insurance through full use of data - Launch of core data company Tokio Marine dR (July 2021) Growth in new areas Image of value to create Provide risk solutions beyond insurance ▶ To de
Slide 24: Business investments for the next stage of growth
3. New Mid-Term Business Plan Business investments for the next stage of growth Enhance insurance business while exploring new business potentials to achieve our purpose Insurance business New business Advanced / Entire world incl. Advanced market Emerging market emerging markets Japan M&A Additiona
Slide 25: Toward further growth
3. New Mid-Term Business Plan Toward further growth [Adjusted Net income/Adjusted ROE (normalized basis)*1] M&A Medium- to long-term Further target growth (Milestones) Over ¥500bn (adjusted net income) Shorter time frame Around 12% (adjusted ROE) 500 11.5% 446.0 Organic growth 400 300 CAGR: 3-7% 200
Slide 26: Shareholder Return
3. New Mid-Term Business Plan Shareholder Return Tenth consecutive year of higher dividends projected High level shareholder return 215 Global Peer Level*2 200 190 DPS (JPY) 180 (ordinary dividends) 160 43% 40% 38% 36% 35% Payout ratio*1 2017 2018 2019 2020 2021 Mid-term goal*3 (Projection) (Milesto
Slide 27: People and Culture as the Foundation
3. New Mid-Term Business Plan People and Culture as the Foundation Build a company where our purpose underlies everything we do and where our workforce is enthusiastic to achieve our purpose Promotion of Diversity & Inclusion Disseminate culture Established Group Diversity & Inclusion Officer (CDIO)
Slide 28: To Be a Good Company
3. New Mid-Term Business Plan “To Be a Good Company” Copyright (c) 2021 Tokio Marine Holdings, Inc. 27
Slide 29: Reference
Reference Copyright (c) 2021 Tokio Marine Holdings, Inc. 28
Slide 30: ESG - Environment
ESG ～Environment～ Actively contribute to environmental protection, biodiversity preservation, and creation of environmental values through our business ■Creating a green society through insurance business Contribute to sustainable global environment Examples of our approaches to environment • Active
Slide 31: ESG - Environment: 2030 goals
ESG ～Environment～ Set new goals for 2030 in order to realize a decarbonized society Reduction of our greenhouse gas FY2030 -60% reduction (Compared to FY2015)* (CO2/GHG) emissions Ratio of renewable energy usage to FY2030 100% to renewable energy at major total electricity consumption buildings/faci
Slide 32: ESG - Society
ESG – Society – Contribute to solving social issues by providing safety and security to customers and society through our business ■Response to natural disasters that are increasingly becoming larger in scale ⚫ Mobilize employees to focus on customer outreach at times of emergency ⚫ Make insurance p
Slide 33: ESG - Society
ESG – Society – ■Promote health & productivity management ⚫ Steadily implement PDCA to improve employees’ health, revitalize the organization, and enhance corporate value under Tokio Marine Group Wellness Charter ⚫ Support customers’ health & productivity management utilizing the know-how accumulate
Slide 34: ESG - Governance
ESG – Governance – • Solve Group’s management issues by leveraging global expertise and knowledge through function-based Chief Officer system and committees, etc. • CEO focuses on management of Group as well as promote initiatives to spread our Group culture Globalize and enhance our management stru
Slide 35: ESG - Governance
ESG – Governance – Hybrid institutional design based on the Board of Directors that makes high-quality decisions leveraging insights and expertise of outside officers and supported by the Nomination Committee and Compensation Committee with transparent decision-making process <Governance structure a
Slide 36: Disclaimer
Disclaimer These presentation materials include business projections and forecasts relating to expected financial and operating results of Tokio Marine Holdings and certain of its affiliates in current and future periods. All such forward looking information is based on information and assumptions a
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