Tokio Marine Holdings, Inc. · TSE:8766
Tokio Marine — Investor Day (November 2024)
104 slides from Tokio Marine's investor day presentation, Nov 27, 2024
Slide 1: Tokio Marine Group Business Strategy
Tokio Marine Group Business Strategy Nov 27, 2024 Copyright (c) 2024 Tokio Marine Holdings, Inc.
Slide 2: Table of Contents
Table of Contents I. Group Business Strategy (1) Profit Growth ....................... P. 4 II. Japan P&C Business Strategy .......................................... P. 7 III. International Business Strategy ....................................... P. 13 IV. Solutions Business Strategy .............
Slide 3: Key Messages
Key Messages Projected to maintain robust EPS growth at +8% (YoY) for FY2024 The main driver is top-tier organic growth (+6% YoY) across all regions. We are able to Top-tier deliver strong growth with confidence as a result of our globally diversified U/W portfolio EPS Growth and strong investme
Slide 4: Top-tier EPS Growth
I. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Top-tier EPS Growth Maintain top-tier EPS growth at +8% driven by the robust organic growth EPS Growth EPS Growth Peer Comparison 2024 Projection*1 MTP Target 2024-2026 CAGR Company Targets YoY
Slide 5: (Ref.) EPS Growth Track Record
I. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement (Ref.) EPS Growth Track Record Top-tier EPS growth was mainly achieved through robust organic growth while managing volatility EPS Growth EPS Growth Peer Comparison 2013-2023 CAGR*1 2013-2023 CA
Slide 6: Business Unit Organic Growth Capabilities
I. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Business Unit Organic Growth Capabilities Business units have top-tier organic growth capabilities in each country/region < U/W Profit*2> < Top-line*3> ＜C/R*4＞ ■TMHD ■TMHD TMHD Domestic Domestic
Slide 7: Changes in Japan's P&C Insurance Competition Structure
II. Japan P&C Re-New Progress: Business Strategy After Re-New Solutions Profit Growth Changes in Environment Surrounding Japan’s P&C Insurance Industry and Turning Point of Business Model Historically, the competition structure of Japan’s P&C insurance industry can be roughly divided into three ph
Slide 8: Japan P&C Organic Growth Capabilities
II. Japan P&C Re-New Progress: Business Strategy After Re-New Solutions Profit Growth Japan P&C Organic Growth Capabilities Japan P&C growth is based on strong U/W (+10% or more CAGR), with additional improvement from Re- New initiatives that will create a lean business operation that achieves sus
Slide 9: Quantitative Impacts and Potentials of TMNF's Re-New
II. Japan P&C Re-New Progress: Business Strategy After Re-New Solutions Profit Growth Quantitative Impacts and Potentials of TMNF’s Re-New Implementation of Re-New will be the turning-point for TMNF’s business model and profit growth Post-initiative E/R significantly below 30% and L/R approx. 60
Slide 10: Re-New: (1) Increase Customers by Improving Capacity to Provide Insurance and Solutions
II. Japan P&C Re-New Progress: Business Strategy After Re-New Solutions Profit Growth “Re-New”: (1) Increase Customers by Improving Capacity to Provide “Insurance and Solutions” The key success factor in a world without conventional industry practices (business-related equities, cooperation in cus
Slide 11: Re-New: (2) L/R Improvement
II. Japan P&C Re-New Progress: Business Strategy After Re-New Solutions Profit Growth “Re-New”: (2) L/R Improvement (Implementing Thorough Measures for low profitability contracts) Steady implementation of the foundational measures through on-going product / rate revisions for auto / fire (see P.8
Slide 12: Re-New: (3) E/R Improvement (Distribution Structure Reform)
II. Japan P&C Re-New Progress: Business Strategy After Re-New Solutions Profit Growth “Re-New”: (3) E/R Improvement (Distribution Structure Reform) Eliminate “two-tier structure” and reallocate the employee activity volume to growth areas incl. specialty insurance and solutions Regarding distrib
Slide 13: International Business Organic Growth Capabilities
III. International Business Strategy Underwriting Profit Investment Income M&A International Business Organic Growth Capabilities International Business derives its profitability primarily from five regions around the world: North America*1, UK/Europe, Latin America, Asia/Australia and Africa/Midd
Slide 14: North America Business Organic Growth Capabilities: Overview
III. International Business Strategy Underwriting Profit Investment Income M&A North America Business Organic Growth Capabilities: Overview Two segments – (1)Specialty P&C and (2)Employee Benefits driven by our franchises*1 mainly in US U/W profit through highly diversified uncorrelated portfoli
Slide 15: NA Business: Underwriting (1) Specialty P&C
III. International Business Strategy Underwriting Profit Investment Income M&A NA Business OG Capabilities: Underwriting (1) Specialty P&C Specialty P&C*1 is comprised of 100+ lines of business and is a key driver of our profit growth Highly diversified and profitable U/W portfolio with intensiv
Slide 16: NA Business: Underwriting (2) Employee Benefits
III. International Business Strategy Underwriting Profit Investment Income M&A NA Business OG Capabilities: Underwriting (2) Employee Benefits Employee Benefits line is comprised mainly of short-tail Group Life, Disability and MSL Focusing on steady growth both through intensive bottom-line orie
Slide 17: Brazil Business OG Capabilities (Underwriting)
III. International Business Strategy Underwriting Profit Investment Income M&A Brazil Business OG Capabilities (Underwriting) Brazil business achieved market-leading profitability and growth in Brazil since 2019 while maintaining C/R in low 90’s or better, supported by superior talent, digital and
Slide 18: Strength and Track Record of DFG's Credit Investment
III. International Business Strategy Underwriting Profit Investment Income M&A Strength and Track Record of DFG’s Credit Investment Investment income remains strong on the back of an increase in long-term and predictable insurance liabilities supported by strong business expansion and stable inves
Slide 19: Evaluation of the Capital Losses
III. International Business Strategy Underwriting Profit Investment Income M&A Re-post from Q2 Conference Evaluation of the Capital Losses Call on Nov. 19, 2024 The yield is reasonably high within the market, and combined with DFG’s prudent ability, the total return, including income gain, is high
Slide 20: Disciplined In / Out Strategy
III. International Business Strategy Underwriting Profit Investment Income M&A Disciplined In / Out Strategy Our large-scale North America M&A track record (ROI) is +16.2%. Successful track record makes Tokio Marine an attractive acquirer for the next M&A Valuations remain high and we need to be
Slide 21: (Ref.) Rate Cycle and M&A Opportunities
III. International Business Strategy Underwriting Profit Investment Income M&A (Ref.) Rate Cycle and M&A Opportunities The market is cyclical, and in principle, valuations for high-quality large-scale M&A transactions become high as the market hardens, while it creates a tail-wind for organic grow
Slide 22: Business Expansion in Disaster Resilience Field
IV. Solutions Business Strategy Business Expansion in Disaster Resilience Field Announced TOB for Integrated Design & Engineering Holdings Co., Ltd. (“ID&E”) , Japan's leading engineering consulting company Through this TOB, we will be able to provide integrated value in the field of disaster re
Slide 23: Strong DPS Growth with Confidence
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Re-post from Q2 Conference Call Strong DPS Growth with Confidence on Nov. 19, 2024 Continue to maintain DPS growth trajectory with confidence in line with strong EPS (profit) growth FY2024 DPS
Slide 24: Strong Capital Stock and Disciplined Capital Policy (Share Buyback)
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Re-post from Q2 Strong Capital Stock and Disciplined Capital Policy (Share Buyback) Conference Call on Nov. 19, 2024 A strong ESR*1 as of Sep. 30, 2024 at 147% Share buyback for FY2024 will be
Slide 25: Path towards ROE Improvement
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Path towards ROE Improvement FY2024 adjusted ROE is projected to hit 19.1%, making steady progress towards the level of global peers Key measures remain “top-tier EPS growth” and “disciplined
Slide 26: Enhancement of ROR
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Enhancement of ROR Utilize JPY0.8tn risk to be released once “zero” business-related equities has been achieved, for risk taking in insurance business (organic growth, M&A) and shareholder retur
Slide 27: Reduction of business-related equities
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Reduction of business-related equities Steady progress towards “zero*1” business-related equities. Expected sale for FY2024 is JPY750.0bn (increased by +JPY150.0bn from original plan) Expect t
Slide 28: Globally Integrated Group Management
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Globally Integrated Group Management Continue to promote “integrated group management” that leverages global talent and knowledge to decide and implement important management actions Tap into
Slide 29: Expansion of Group Synergies
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Expansion of Group Synergies Group synergies are our unique strength and expanding to USD640mn Group Synergies Track record of increasing synergies (USD mn) 999 Revenue Investment Leverage Lever
Slide 30: Measures Concerning TMNF's Governance Issues
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Measures Concerning TMNF’s Governance Issues Steady progress in business improvement plan (see P. 95 for details) Implementing measures to detect issues based on “sense of misalignment,” and w
Slide 31: Enhancement of Group Governance
V. Group Business Management Quality Strategy EPS Growth Shareholder Return ROE Improvement Improvement Enhancement of Group Governance Steady progress in initiatives to enhance Group-level governance Established in April 2024, “Group Audit Committee” utilizes external perspectives to examine TM
Slide 32: KPI target (Group)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy KPI target (Group) Mid-Term Plan FY2024 Projections （FY2024-FY2026） (Normalized*2・vs. FY2023) May 2024 May 2024 November 2024 (Ref.) CAGR+8% +8% +8% EPS Growth or more 含む政策株式売却益*4 (incl.
Slide 33: KPI target (Business unit)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy KPI target（Business unit） Mid-Term Plan FY2024 Projections （FY2024-FY2026） (Normalized*2・vs. FY2023) May 2024 May 2024 November 2024 (Ref.) CAGR+7% Adjusted Net +6% +2% or more Income in
Slide 34: FY2024 Adjusted Net Income (Actual)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call FY2024 Adjusted Net Income (Actual) on Nov. 19, 2024 Adjusted net income on an actual basis will be revised upward from the original projection by +JPY4
Slide 35: FY2024 Adjusted Net Income (Normalized)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call FY2024 Adjusted Net Income (Normalized) on Nov. 19, 2024 Adjusted income on normalized basis*1 remains flat from the original projections at JPY1.024tn,
Slide 36: Review of Indicators for Introduction of IFRS / ICS
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q4 Conference Review of Indicators for Introduction of IFRS / ICS Call on May 20, 2024 IFRS / ICS to be introduced at the end of FY2025 Considering the impact of the int
Slide 37: Global Risk Diversification and Profit Growth
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Global Risk Diversification and Profit Growth We have achieved profit growth by allocating capital to businesses with high ROR and risk diversification effects This trend will accele
Slide 38: Retention / Reinsurance Policy
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from IR Conference Tokio Marine Group’s Retention / Reinsurance Policy on May 24, 2024 Our primary objective of reinsurance is to protect the balance sheet from capital events
Slide 39: [FY2024 Update] Japan P&C
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update] Japan P&C Driver of the business unit profit (CAGR: +5% or more) in the current MTP is the underwriting profit growth (CAGR: +10% or more). Aiming to accelerate by addi
Slide 40: TMNF: Changes in Net Premiums Written and C/R
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy TMNF: Changes in Net Premiums Written for All Categories and C/R Changes in net premiums written (all categories; billions of JPY) and C/R*1 (private insurance E/I basis) Composition
Slide 41: [FY2024 Update] Auto Insurance
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update] Auto Insurance Current MTP aims to overcome the difficult environment (resulting from inflation, a post-COVID driving surge, and escalating Nat Cats) by proactively rev
Slide 42: (Ref.) Auto Insurance Accident Frequency and Unit Price Trend
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy (Ref.) Auto Insurance Accident Frequency and Unit Price Trend Accident frequency and unit price to be mostly in line with original projections (accident frequency: approx. -4% YoY, uni
Slide 43: (Ref.) Progress of Automated Driving Technology
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from IR Conference (Ref.) Progress of Automated Driving Technology on May 24, 2024 Auto insurance market will gradually shrink due to the progress of automated driving technolog
Slide 44: TMNF: Changes in Auto Insurance C/R
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy TMNF: Changes in Auto Insurance C/R Changes in auto insurance C/R *1 (private insurance E/I basis) Auto insurance market share*3 Incl. the effects of (Based on FY2023 direct net prem
Slide 45: [FY2024 Update] Fire Insurance
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update] Fire Insurance Current MTP aims to achieve profitability commensurate to capital cost (RoR>7%) by FY2026 through the constant rate/product revisions, Oct. 2024 rate / p
Slide 46: TMNF: Changes in Fire Insurance C/R
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy TMNF: Changes in Fire Insurance C/R Changes in fire insurance C/R*1（private insurance E/I basis) Fire insurance market share*3 (Based on FY2023 direct net premiums written) 161.4% 12
Slide 47: [FY2024 Update] Specialty Insurance
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update] Specialty Insurance Current MTP aims to capture promising markets focusing on five priority areas to achieve approx. JPY7.0bn profit increase (approx. +100.0bn premium
Slide 48: [FY2024 Update] E/R Improvement
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update] E/R Improvement Current MTP aims for E/R at the 31% mark (below 30% in the mid- to long-term) through top-line growth and reviewing the agent commissions system, etc.
Slide 49: [FY2024 Update] Japan Life Top-Line
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update ] Japan Life Top-Line Current MTP aims to achieve +5% or more (3Y CAGR) with business model reform through business model reform including promotion of the Direct Approa
Slide 50: [FY2024 Update] Japan Life Bottom-Line
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [FY2024 Update ] Japan Life Bottom-Line [Economic value basis (Value of New Business)] Current MTP aims at achieving +5% or more (3Y CAGR) by increasing sales of highly profitable prod
Slide 51: Improve Profitability and Accelerate Profit Contribution
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Improve Profitability and Accelerate Profit Contribution Future profit growth has been accelerating by focusing on products with high ROR and IRR that will promptly contribute to profi
Slide 52: Capital Efficiency
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Capital Efficiency Capital efficiency remains among the highest in domestic peers both on the financial accounting basis and economic value basis Core ROEV*1 (economic value basis, FY2
Slide 53: Diversification of Risk Control Methods (Block Reinsurance)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from IR Conference Diversification of Risk Control Methods (Block Reinsurance) on May 24, 2024 Strict interest rate risk control with ALM (comprehensive asset and liability man
Slide 54: Track record of In / Out Strategy
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Track record of In / Out Strategy Building a strong franchise by acquiring blue chip insurers with solid business model Driving optimization of business portfolio by determining core
Slide 55: Track Record of large-scale M&A in the U.S.
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Track Record of large-scale M&A in the U.S. Four subsidiaries acquired with large-scale M&A have continually outperformed market growth ROI is significantly above TMHD capital cost (
Slide 56: Track Record of Bolt-on M&A
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Track Record of Bolt-on M&A Room for bolt-on M&A based on in-depth understanding of mutual business Leverage the experience and expertise of TMHCC as our strength and steadily execut
Slide 57: Track Record of Rate Increases
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Track Record of Rate Increases Leveraged the competitive advantage built through strategic focus on niche markets and specialty insurance and carried out rate increases based on forwar
Slide 58: [Basic Information] PHLY
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [Basic Information] PHLY Build competitive edge focusing on niche customer segments What’s PHLY Current Focus Results Focus on niche customer segments Steady profit growth High ren
Slide 59: [Basic Information] DFG
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [Basic Information] DFG Maintain U/W profit and expand investment income leveraging its strengths What’s DFG Current Focus Results Strength in employee benefits and Initiatives to im
Slide 60: [Basic Information] TMHCC
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [Basic Information] TMHCC Global leader in specialty insurance with 50 years of deep technical expertise What’s TMHCC Current Focus Results Highly profitable and well- Latest bolt-on
Slide 61: [Basic Information] Pure
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [Basic Information] Pure Specialty insurance group focused on the U.S. High Net Worth insurance market What’s Pure Current Focus Results Focus on HNW market with high Sustainable bus
Slide 62: [Basic Information] TMK
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [Basic Information] TMK Top Class Specialty Insurer in Lloyd’s market What’s TMK Current Focus Results One of the largest underwriting Rebalance U/W portfolio Favorable combined ra
Slide 63: [Basic Information] TMSR
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy [Basic Information] TMSR Highly competitive in the largest market in Latin America leveraging cutting-edge DX What’s TMSR Current Focus Results One of the top players in Auto Expandi
Slide 64: Emerging Market Business
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Emerging Market Business Building “pillars” with focus on regions with large market and strong expected growth <Our major P&C business network in emerging countries> India Thailand Bra
Slide 65: International business performance by region
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy International business performance by region 2023 2024 Projection 2026 2023 2024 Projection Net Premiums Written *5 (billions of JPY) Original Revised Changes Actual Plan *5 Applied FX r
Slide 66: (Ref.) Inflation Resilience
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy (Ref.) Inflation Resilience Resilience against economic / social inflation is enhanced Continue to take pro-active measures to manage rapid environment change Inflation Type by Loss
Slide 67: (Ref.) Inflation Resilience (Social Inflation)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy (Ref.) Inflation Resilience (Social Inflation) PHLY Business Strength*1 Ability to avoid impact Ability to mitigate impact Disciplined underwriting Robust portfolio Continued proactive
Slide 68: (Ref.) Inflation Resilience (Medical / Wage Inflation)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy (Ref.) Inflation Resilience (Medical / Wage Inflation) Impact Existing New Initiatives Business Business Prior Year Loss Reserves Loss Cost Medical stop-loss Short-tail with limited prio
Slide 69: Group Asset Management Policy
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Group Asset Management Policy Maintain long-term, stable income based on ALM aligned with characteristics of insurance liabilities Investment Portfolio (Sep. 30, 2024) Securing a stabl
Slide 70: Strength of DFG's Investment
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Strength of DFG’s Investment Specialized investment team and strong collaboration with outside asset managers enable establishment/execution of investment strategies corresponding to t
Slide 71: DFG Investment Track Record
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy DFG Investment Track Record DFG investment performance (investment income + realized gains / losses) remained positive during the collapse of Lehman Brothers <Investment Return*1 and P
Slide 72: Investment Performance by North American Entities
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Investment Performance by North American Entities Income continues to perform well by maintaining yield and expanding AUM The total return, including capital loss, has been revised d
Slide 73: Capital Losses for CRE Loans
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call Capital Losses for CRE Loans on Nov. 19, 2024 Considering the continuous stress in CRE Loan portfolio (prevalence of WFH and persistently higher for lon
Slide 74: Progress in Initiatives: (1) Disaster Prevention and Mitigation Area
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Progress in Initiatives: (1) Disaster Prevention and Mitigation Area Provide diverse solutions leveraging Group and external capabilities incl. the disaster prevention consortium CORE
Slide 75: Overview of Integrated Design & Engineering Holdings
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Overview of Integrated Design & Engineering Holdings Co., Ltd. Call on Nov. 19, 2024 Japanese leading company in the engineering consulting industry with adv
Slide 76: Overview of the Tender Offer (TOB)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Overview of the Tender Offer (TOB) Call on Nov. 19, 2024 Tender Offeror Tokio Marine Holdings, Inc. Target Company Integrated Design & Engineering Holdings
Slide 77: Progress in Initiatives: (2) Mobility Area
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Progress in Initiatives: (2) Mobility Area Promote development / deployment of new solutions and enhancement of existing solutions Established “Logistics Consortium baton” to resolve
Slide 78: Progress in Initiatives: (3) Healthcare / Decarbonization Area
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from IR Conference Progress in Initiatives: (3) Healthcare / Decarbonization Area on May 24, 2024 Established preparatory company to provide solutions in “Healthcare” and “Deca
Slide 79: (Ref.) Deployment of Embedded Insurance
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy (Ref.) Deployment of Embedded Insurance (Evolution of insurance business) Deploy new insurance products using various data on platforms and with Embedded Insurance*1 using partners’ se
Slide 80: (Ref.) Initiatives on Use of AI / Data
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy (Ref.) Initiatives on Use of AI / Data The whole Group will promote use of AI / data in all business processes To address various risks related to the use of AI / data, establish var
Slide 81: Disciplined Capital Management
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from IR Conference Disciplined Capital Management on May 24, 2024 Capital generated is allocated to risk-taking and business investment that will contribute to improving the RO
Slide 82: Disciplined Capital Policy (ESR)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call Disciplined Capital Policy (ESR) on Nov. 19, 2024 ESR as of Sep. 30, 2024 stood at 147% (or 144% after share buyback), reflecting the profit contributio
Slide 83: Achieve Further Growth through Flexible Capital Strategy
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Achieve Further Growth through Flexible Capital Strategy Use hybrid capital to realize further growth strategies including M&A Increase ROE on a long-term basis by maintaining approp
Slide 84: Examples of Recent Contributions to Resolution of Societal Challenges
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Examples of Recent Contributions to Resolution of Societal Challenges Since our founding, we realized both “contribution to sustainable society” and “our company’s sustainable growth”
Slide 85: Challenge of Quantification of Social Value
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Challenge of Quantification of Social Value We are making significant efforts to quantitatively visualize the social value that we provide to society and customers through our insuranc
Slide 86: "Win-Win" Situation with Stakeholders
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy “Win-Win” Situation with Stakeholders Provide balanced values to all stakeholders by being true to our purpose Shareholders Customers World’s top-tier TSR*1 through profit Appreciation
Slide 87: Response to Climate Change
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Response to Climate Change Climate change is one of the most important social issues across the planet. We will face up to this difficult issue Simultaneously enhance social and econ
Slide 88: Climate Strategy
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Climate Strategy Building on ongoing efforts to strengthen policies for insurance underwriting, investment and financing, we have since restricted transactions with GHG high emission s
Slide 89: Examples of Climate Strategy (Engagement)
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Examples of Climate Strategy (Engagement) Through in-depth engagement, providing insurance products and solutions that contribute to the creation of new initiatives that help customers
Slide 90: Next-Generation Management Talent Development
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Next-Generation Management Talent Development TLI was launched in April 2023, offering a unique training program. Develop the Group leadership and talent Next-Generation Management wit
Slide 91: Initiatives for Promoting DE&I
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Initiatives for Promoting DE&I Through empowerment of diverse employees and global human resources, drive further growth of the Group by fully leveraging diverse knowledge of global ta
Slide 92: Governance Structure
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Governance Structure Hybrid organizational design with a Board of Directors that makes high-quality decisions by utilizing the knowledge and expertise of outside directors, and a Nomin
Slide 93: Skill Matrix of Outside Officers
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from IR Conference on Skill Matrix of Outside Officers May 24, 2024 Achieve highly effective governance by incorporating the skills of a diverse range of outside directors in a
Slide 94: Executive Compensation
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Executive Compensation Designed a remuneration system linked to business performance and stock price to incentivize Directors and Executive Officers to drive sustainable growth Conti
Slide 95: State of Progress of TMNF's Business Improvement Plan
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy State of Progress of TMNF’s Business Improvement Plan With the plan progressing as scheduled, concrete initiatives are being implemented steadily The true cause of the “information l
Slide 96: Natural Catastrophes
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call Natural Catastrophes on Nov. 19, 2024 Net incurred losses relating to Nat Cats for 2Q fell by JPY0.6bn YoY to JPY114.7bn (before tax) Full-year projec
Slide 97: Impact of FX Rate Change on the Group's Financial Results
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call Impact of FX Rate Change on the Group’s Financial Results on Nov. 19, 2024 Estimated impact of the JPY depreciation to USD by 1 yen*1 Impact on net inco
Slide 98: Tokio Marine Holdings Key Statistics
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Tokio Marine Holdings Key Statistics FY2024 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 Projections Net income (billions of yen) 254.5 273.8 284.1 274.5 259.7 161.8 42
Slide 99: Return to Shareholders
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Return to Shareholders FY2024 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 Projections Dividends per share 37 yen 47 yen 53 yen 60 yen 63 yen 67 yen 85 yen 100 yen 123
Slide 100: Definition of KPIs
Business Area Capital VI. Reference Group Japan P&C Japan Life International Investment Expansion ESG Data Policy Re-post from Q2 Conference Call Definition of KPIs on Nov. 19, 2024 Definition of Adjusted Net Income / Adjusted Net Assets / Adjusted ROE Adjusted Provision for Provision for Provision
Slide 101: MEMO
MEMO Copyright (c) 2024 Tokio Marine Holdings, Inc. 101
Slide 102: MEMO
MEMO Copyright (c) 2024 Tokio Marine Holdings, Inc. 102
Slide 103: Copyright (c) 2024 Tokio Marine Holdings, Inc.
Copyright (c) 2024 Tokio Marine Holdings, Inc.
Slide 104: 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