Tokio Marine Holdings, Inc. · TSE:8766
Tokio Marine — Conference Presentation (May 2025)
104 slides from Tokio Marine's conference presentation, May 26, 2025
Slide 1: Tokio Marine Group Business Strategy
Tokio Marine Group Business Strategy May 26, 2025 Copyright (c) 2024 Tokio Marine Holdings, Inc.
Slide 2: Table of Contents
Table of Contents I. Profit Growth Track Record .............................................. P. 4 II. Business Strategy International Business .................................................... P. 7 Japan P&C Business ....................................................... P. 16 Solutions Busine
Slide 3: Key messages
Key messages Most recent EPS growth (results) was +19.9%* (5Y CAGR). The main driver is core business profit growth (5Y CAGR of +18.0％*) centered on organic growth. We will continue to deliver robust Top-tier growth because of our top-tier U/W profit across all regions and solid investment capabil
Slide 4: Top-tier EPS Growth (Progress on the MTP)
I. Track record Top-tier EPS Growth (Progress on the MTP) Our EPS growth is top-tier with steady progress toward our current MTP Our EPS Growth*1 EPS Growth Global Peer Comparison*1,2 Progress on the MTP Each Company’s Targets (Yen) 23-26 CAGR + % 8 or more 23-25 CAGR +9 % or more + 10.5% + 8 % or
Slide 5: Top-tier EPS Growth (Track Record)
I. Track record Top-tier EPS Growth (Track Record) Our EPS growth is top-tier driven by the robust organic growth capability EPS Growth Track Record (Breakdown) EPS Growth Global Peer Comparison （2019-2024 CAGR） EPS Growth +19.9％ + 19.9% +17.7% Adjusted Net Income Growth +18.0％ +8.1% (excl. capita
Slide 6: Volatility of EPS Growth (Track Record)
I. Track record Volatility of EPS Growth (Track Record) We aim to achieve high EPS growth while managing volatility. Our track record demonstrates that we have been successful in this, and we expect to replicate the strategy in the future. Going forward, we can further reduce volatility by expandi
Slide 7: Progress to current MTP
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business Progress to current MTP While progress of overall international business has been affected by the increase in capital loss in North America, underwriting profit is above the MTP <Business Un
Slide 8: North American Business: Organic Growth Potential
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business North American Business: Organic Growth Potential North American Business derives its high profitability primarily from both U/W and asset management Both Specialty P&C and Employee Benefi
Slide 9: North American Business: Underwriting (1): Specialty P&C Line
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business North American Business: Organic Growth Potential (Underwriting (1): Specialty P&C Line) The Specialty P&C line*1 achieves higher profit growth than Peers by leveraging disciplined underwrit
Slide 10: North American Business: Underwriting (2): Employee Benefits Line
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business North American Business: Organic Growth Potential (Underwriting (2): Employee Benefits Line) The Employee Benefits line*1 steadily expands the top line while maintaining C/R at around 95% Un
Slide 11: Controlling Inflationary Impacts
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business Controlling Inflationary Impacts In the North American business, inflationary impacts are properly controlled through proactive measures based on portfolio characteristics Percentage of rese
Slide 12: (Ref.) Impacts of LA Wildfires (Resilience to Nat Cats)
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business (Ref.) Impacts of LA Wildfires (Resilience to Nat Cats) Strict control of Nat Cat exposure and excellent risk selection in North America contained the impacts of LA wildfires at a relatively
Slide 13: North American Business: Asset Management
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business North American Business: Organic Growth Potential (Asset Management) Investment income remains strong on the back of an increase in long-term and predictable insurance cash flows supported b
Slide 14: Brazilian Business Organic Growth Potential
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business Brazilian Business Organic Growth Potential The Brazilian business achieves top-tier growth in the market and profitability by realizing both superior business quality and high price competi
Slide 15: Disciplined In/Out Strategy
II. Business Strategy: Progress to North American International Brazilian business M&A current MTP business Disciplined In/Out Strategy ROI of our large-scale M&As is 21.2%. Successful track record makes Tokio Marine an acquirer of choice, as we look to future M&A opportunities The discipline of
Slide 16: Progress to current MTP
II. Business Strategy: Progress to Organic Growth Underwriting Distribution Japan P&C current MTP Potential Progress to current MTP While Japan P&C business is currently behind the initial underwriting target, overall profit progress remains on track toward achieving the FY2026 target under the cu
Slide 17: Growth Driver of Japan P&C Business (Underwriting Strengths)
II. Business Strategy: Progress to Organic Growth Underwriting Distribution Japan P&C current MTP Potential Growth Driver of Japan P&C Business (Underwriting Strengths) Our C/R is low compared with other insurers. Per the MTP we will continue to maintain it and expect a double-digit annual growth
Slide 18: Source of Organic Growth Potential (1): Advantage of Our U/W Capabilities
II. Business Strategy: Progress to Organic Growth Underwriting Distribution Japan P&C current MTP Potential Source of Organic Growth Potential (1): Advantage of Our U/W Capabilities We have consistently achieved a lower L/R than other insurers, as a result of global-standard, disciplined U/W strat
Slide 19: Source of Organic Growth Potential (2): Rate Increase Implementation Ability
II. Business Strategy: Progress to Organic Growth Underwriting Distribution Japan P&C current MTP Potential Source of Organic Growth Potential (2): Rate Increase Implementation Ability (L/R Improvement) We have implemented strategically aggressive rate increases in the Japanese market, which is no
Slide 20: Source of Organic Growth Potential (3): Portfolio Reform
II. Business Strategy: Progress to Organic Growth Underwriting Distribution Japan P&C current MTP Potential Source of Organic Growth Potential (3): Portfolio Reform (Growth of Specialty Insurance) Given the low penetration rates of specialty insurance in Japan, there is a large opportunity for gro
Slide 21: Source of Organic Growth Potential (4): Structural Reform of Distribution
II. Business Strategy: Progress to Organic Growth Underwriting Distribution Japan P&C current MTP Potential Source of Organic Growth Potential (4): Structural Reform of Distribution We aim to build customer oriented, high-quality, and independent distribution through "Re-New“. We will shift to a q
Slide 22: Market Environment and Growth Opportunities
II. Business Strategy: Solutions Growth opportunities Solutions Business Market Environment and Growth Opportunities With the diversification and increasing complexity of risks, the resulting expansion of global economic losses and protection gaps makes insurance an inherent growth industry. In ad
Slide 23: Unique Values We Offer in Disaster Resilience
II. Business Strategy: Solutions Growth opportunities Solutions Business Unique Values We Offer in Disaster Resilience Our capability to offer disaster prevention and mitigation solutions to avoid and minimize customer’s damage in the event of a disaster has improved exponentially Offer highly e
Slide 24: Impacts of Our Preventative and Mitigation Solutions
II. Business Strategy: Solutions Growth opportunities Solutions Business Impacts of Our Preventative and Mitigation Solutions Offer prevention and mitigation solutions as a more effective way of utilizing insurance claim payment in a disaster. We can “Build Back Better” so that similar damage will
Slide 25: Growth Opportunity in Disaster Resilience
II. Business Strategy: Solutions Growth opportunities Solutions Business Growth Opportunity in Disaster Resilience Engineering consultation market in the disaster prevention and mitigation business is currently centered on public sector (ID&E has the top market share of c. 10%). Going forward, the
Slide 26: Source of Organic Growth (Globally Integrated Group Management)
II. Group Business Integrated Group Strategy Group Synergy Management Source of Organic Growth (Globally Integrated Group Management) Our “integrated group management” is evolving in its 10th year, establishing a framework where highly skilled professionals can thrive and are empowered to capture
Slide 27: Source of Organic Growth (Group Synergies)
II. Group Business Integrated Group Strategy Group Synergy Management Source of Organic Growth (Group Synergies) Synergies gained by leveraging group capabilities generate profits on a scale comparable to large-scale acquisitions (approx. USD604mn) Revenue synergy (Direct Written Premium) (USD mn,
Slide 28: Our Two Unique ROE Growth Drivers Not Found in Global Peers
III. Group Business Governance Strategy ROE Improvement Shareholder Return Enhancements Our Two Unique ROE Growth Drivers Not Found in Global Peers By reinvesting excess capital generated through sale of business-related equities into core businesses with higher ROR, we aim to raise our ROE to the
Slide 29: Reduction of Business-Related Equities
III. Group Business Governance Strategy ROE Improvement Shareholder Return Enhancements Re-post from Q4 Conference Reduction of Business-Related Equities Call on May 20, 2025 Sales of business-related equities in FY2024 were 1.5 times the original plan due to further sale acceleration, indicating
Slide 30: Reinvestment into Higher-ROR Businesses
III. Group Business Governance Strategy ROE Improvement Shareholder Return Enhancements Reinvestment into Higher-ROR Businesses (Transformation of Business Portfolio) We will reinvest excess capital generated through the sales of business-related equities into core businesses with higher ROR Thi
Slide 31: Strong DPS Growth with Confidence
III. Group Business Governance Strategy ROE Improvement Shareholder Return Enhancements Strong DPS Growth with Confidence We maintain a high-confidence in the trajectory of DPS growth being in line with strong EPS growth (This policy is stated to be unchanged after the introduction of IFRS/ICS) 14
Slide 32: Strong Capital Stock and Disciplined Capital Policy (Share Buyback)
III. Group Business Governance Strategy ROE Improvement Shareholder Return Enhancements Re-post from Q4 Conference Strong Capital Stock and Disciplined Capital Policy (Share Buyback) Call on May 20, 2025 ESR*1 as of March 31, 2025 is 149%. Current plan for FY2025 share buyback is JPY220.0bn throug
Slide 33: Enhancement of Group-Level Governance
III. Group Business Governance Strategy ROE Improvement Shareholder Return Enhancements Enhancement of Group-Level Governance The Group Audit Committee is leading initiatives such as “Revisit Common Sense” and “Share Lessons Learnt”. Concrete measures, formulated based on discussions by the Group
Slide 34: Table of Contents (Reference)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Table of Contents Group ・・・・・・・・・・・・ P. 35 Business Area Expansion・・・・ P. 77 International ・・・・・・・・・・・・ P. 43 Capital Policy ・・・・・・・・・・・・ P. 82 Japan P&C ・・・・・・・・・・・・ P. 57 ESG ・・・・・・・・・
Slide 35: KPI target (Group)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy KPI target (Group) FY2026 Plan FY2025 Projections FY2024 Results (announced in May 2024) FY2023-FY2026 FY2023-FY2025 EPS Growth CAGR+8% or more CAGR+10.5% +15.9% YoY (incl. sales of biz-
Slide 36: KPI target (Business unit)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy KPI target (Business unit) *KPI figures on this page excl. capital gains FY2026 Plan FY2025 Projections FY2024 Results from sales of business-related equities (announced in May 2024) Adj
Slide 37: FY2024 Adjusted Net Income (Actual)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference FY2024 Adjusted Net Income (Actual) Call on May 20, 2025 Strong performance by key international entities*1, rate increase and decrease of large losses in Ja
Slide 38: FY2024 Adjusted Net Income (Normalized)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference FY2024 Adjusted Net Income (Normalized) Call on May 20, 2025 Strong performance by key international entities*1, rate increase and decrease of large losses i
Slide 39: FY2025 Adjusted Net Income Projection
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference FY2025 Adjusted Net Income Projection Call on May 20, 2025 Adjusted net income is projected to be JPY1.1tn (+3% YoY on a normalized basis, or 5% excluding FX
Slide 40: Review of Indicators for Introduction of IFRS / ICS
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from IR Conference Review of Indicators for Introduction of IFRS / ICS on Nov. 27, 2024 IFRS / ICS to be introduced at the end of FY2025 Considering the impact of the introdu
Slide 41: Global Risk Diversification
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Global Risk Diversification We have achieved high profit growth by controlling risk through portfolio transformation based on global risk diversification strategy Profit Growth Far Exc
Slide 42: Tokio Marine Group's Retention / Reinsurance Policy
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Tokio Marine Group’s Retention / Reinsurance Policy Our primary objective of reinsurance is to protect the balance sheet from capital events We implement flexible cycle management ba
Slide 43: Track record of In / Out Strategy
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 44: Track Record of Bolt-on M&A
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 as our strength and steadily execute transac
Slide 45: (Ref.) Rate Cycle and M&A Opportunities
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy (Ref.) Rate Cycle and M&A Opportunities The market is cyclical, attractive opportunities increase when the market softens; we will remain diligent and patient Rate cycle*1 (left axis)
Slide 46: Track Record of Rate Increases
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 47: 【Basic Information】 PHLY
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 48: 【Basic Information】 DFG
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 49: 【Basic Information】 TMHCC
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 50: 【Basic Information】 Pure
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 51: 【Basic Information】 TMK
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 52: 【Basic Information】 TMSR
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 53: Emerging Market Business
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 54: International business performance by region
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy International business performance by region 2025 2024 2026 Projection 2024 2025 Projection Net Premiums Written *5 (billions of JPY) *5 Actual Original Plan Applied FX rate Actual Origi
Slide 55: (Ref.) Inflation Resilience (Social Inflation)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 56: (Ref.) Inflation Resilience (Medical / Wage Inflation)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 57: Changes in Environment Surrounding Japan's P&C Insurance Industry
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Changes in Environment Surrounding Japan’s P&C Insurance Industry Re-post from IR Conference and Turning Point of Business Model on Nov. 27, 2024 Historically, the competition structur
Slide 58: Quantitative Impacts and Potentials of TMNF's Re-New
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy 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 significantl
Slide 59: TMNF: Changes in Net Premiums Written for All Categories and C/R
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 Composition by category (private insuranc
Slide 60: [Progress to current MTP] Auto insurance
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy [Progress to current MTP] Auto insurance Current MTP aims to achieve a stable C/R level below 95% For FY2024, C/R worsened to 98.0% as both unit price / accident frequency exceeded o
Slide 61: Auto Insurance Unit Price / Accident Frequency Trend
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Auto Insurance Unit Price / Accident Frequency Trend FY2025, we expect approx. +6% unit price and approx. -2% accident frequency (YoY respectively) We will ensure profitability by pr
Slide 62: TMNF: Changes in Auto Insurance C/R
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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. effects of Nat Cats （Based on FY2023 direct net
Slide 63: Progress of Automated Driving Technology
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Progress of Automated Driving Technology Auto insurance market will gradually shrink due to the progress of automated driving technology, but expectations for insurers as part of socia
Slide 64: [Progress to current MTP] Fire Insurance
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy [Progress to current MTP] Fire Insurance Current MTP aims to achieve profitability commensurate to capital cost (RoR>7%, C/R 80% range) through the constant rate / product revisions
Slide 65: TMNF: Changes in Fire Insurance C/R
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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% 1
Slide 66: [Progress of MTP] Specialty Insurance
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy [Progress of MTP] Specialty Insurance Current MTP aims to capture promising markets to achieve approx. +JPY7.0bn profit increase (approx. +JPY100.0bn premium increase) Top-line reven
Slide 67: [Progress to MTP] Japan Life Top-Line
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy [Progress to MTP] Japan Life Top-Line Current MTP aims to achieve +5% or more (3Y CAGR) through business model reform FY2024, sales of regular premium variable life insurance for mee
Slide 68: [Progress to MTP] Japan Life Bottom-Line
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy [Progress to MTP] Japan Life Bottom-Line [Economic value basis (value of new business)] FY2024, resulted in JPY48.5bn because of lower top-line and increased cancellation risks with hi
Slide 69: Improve Profitability and Accelerate Profit Contribution
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 70: Capital Efficiency
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Capital Efficiency Capital efficiency remains among the highest in domestic peers both on economic value basis and financial accounting basis Core ROEV*1 (economic value basis, FY2023
Slide 71: Diversification of Risk Control Methods (Block Reinsurance)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Diversification of Risk Control Methods (Block Reinsurance) Strict interest rate risk control with ALM (comprehensive asset and liability management) Block reinsurance conducted firs
Slide 72: Group Asset Management Policy
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Group Asset Management Policy Maintain long-term, stable income based on ALM aligned with characteristics of insurance liabilities Investment Portfolio (End of Mar. 2025) Securing a st
Slide 73: Strength of DFG's Investment
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Strength of DFG’s Investment Specialized investment team and strong collaboration with outside asset managers enable establishment / execution of investment strategies corresponding to
Slide 74: DFG Investment Track Record
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy DFG Investment Track Record DFG investment performance (investment income + realized gains / losses) remained positive during the collapse of Lehman Brothers (Great Financial Crisis) <
Slide 75: Investment Performance by North American Entities
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference Investment Performance by North American Entities Call on May 20, 2025 FY2024 investment performance was in line with the Feb. projections Income is expect
Slide 76: Update of CRE loans by LTV
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference Update of CRE loans by LTV Call on May 20, 2025 FY2024 results were in line with the Feb. projections, with capital losses of -USD810mn (Provisions by LTV*1
Slide 77: Progress in Initiatives: (1) Disaster Prevention and Mitigation Area
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Progress in Initiatives: (1) Disaster Prevention and Mitigation Area Leveraging capabilities both within and outside the group, incl. the disaster prevention consortium CORE, to provid
Slide 78: Overview of Integrated Design & Engineering Holdings Co., Ltd.
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Overview of Integrated Design & Engineering Holdings Co., Ltd. Re-post from Q2 Conference Call on Nov. 19, 2024 Leading Japanese company in the engineering consulting industry with adv
Slide 79: Progress in Initiatives: (2) Mobility Area
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Progress in Initiatives: (2) Mobility Area Promote development / deployment of new solutions utilizing IoT and data, as well as and enhancement the capability of existing solutions E
Slide 80: Progress in Initiatives: (3) Healthcare / Decarbonization Area
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Progress in Initiatives: (3) Healthcare / Decarbonization Area Promote initiatives in each field to provide solutions in “Healthcare” and “Decarbonization” areas Healthcare Area Decarb
Slide 81: Initiatives on Use of AI / Data
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Initiatives on Use of AI / Data Promote use of AI / data in all business processes for creating new value and streamlining insurance operations Optimizing Sales support tool “Market in
Slide 82: Disciplined Capital Management
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Disciplined Capital Management Capital generated is allocated to risk-taking and business investment that will contribute to improving the ROE. In the absence of good opportunities, sh
Slide 83: Disciplined Capital Policy (ESR)
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference Disciplined Capital Policy (ESR) Call on May 20, 2025 ESR as of Mar. 31, 2025 stood at 149% (or 143% after share buyback), reflecting the profit contribution
Slide 84: Achieve Further Growth through Flexible Capital Strategy
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 85: Examples of Recent Contributions to Resolution of Social Challenges
Business Area IV. Reference Group International Japan P&C Japan Life Investment Capital Policy ESG Data Expansion Examples of Recent Contributions to Resolution of Social Challenges Since our founding, we have realized both “contribution to sustainable society” and “our company’s sustainable growt
Slide 86: Challenge of Quantifying Social Value
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Challenge of Quantifying Social Value We are making great efforts to quantitatively visualize the social value that we provide to society and our customers through our insurance and so
Slide 87: Response to Climate Change
Business Area IV. Reference Group International Japan P&C Japan Life Investment Capital Policy ESG Data Expansion Response to Climate Change We support society’s transition to decarbonization through engagement and the provision of products and services. In addition to Mid-Term Plan goals related
Slide 88: Next-Generation Management Talent Development
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 89: Initiatives for Promoting DE&I
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Initiatives for Promoting DE&I In addition to accelerating initiatives to promote DE&I through empowerment of diverse employees and every global human resource, drive further growth of
Slide 90: Governance Structure
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 91: Skill Matrix of Outside Directors and Auditors
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Skill Matrix of Outside Directors and Auditors Achieve highly effective governance by incorporating the skills of a diverse range of outside directors and auditors in a well-balanced m
Slide 92: Independence Criteria for Outside Directors of TSE and Independence Standards by TMHD
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Independence Criteria for Outside Directors of TSE and Independence Standards by TMHD Mr. Katanozaka and Mr. Shindo, outside directors from companies of which TMNF holds shares as busi
Slide 93: Executive Compensation
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion 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 94: TMNF's Comprehensive Response to Past Incidents
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy TMNF’s Comprehensive Response to Past Incidents In the course of implementing the Business Improvement Plan (submitted in February 2024), TMNF uncovered an information leakage incident
Slide 95: The Root Cause of the Information Leakage Incident
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy The Root Cause of the Information Leakage Incident When the root cause of the information leakage incident was analyzed again from a broad and detailed perspective, it was found that t
Slide 96: Enhancement of Recurrence Prevention Measures in the Business Improvement Plan
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Enhancement of Recurrence Prevention Measures in the Business Improvement Plan TMNF has been implementing the Business Improvement Plan to transform the company in the wake of the insu
Slide 97: Review of Business Improvement Plan by External Experts
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Review of Business Improvement Plan by External Experts The updated Business Improvement Plan has been reviewed by external experts and confirmed to be effective The external experts
Slide 98: Natural Catastrophes
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 conference Natural Catastrophes call May 20, 2025 FY2024 Results increased by +JPY6.7bn to JPY200.7bn vs. Feb. projections (before tax) The budgets for FY2025 is +JPY
Slide 99: Impact of FX Rate Change on the Group's Financial Results
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 conference Impact of FX Rate Change on the Group’s Financial Results call May 20, 2025 Estimated impact of the JPY depreciation to USD by 1 yen*1 Impact on net income o
Slide 100: Tokio Marine Holdings Key Statistics
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Tokio Marine Holdings Key Statistics FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Net income (billions of yen) 254.5 273.8 284.1 274.5 259.7 161.8 420.4 374.6 69
Slide 101: Return to Shareholders
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Return to Shareholders FY2025 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Projections Dividends per share 37 yen 47 yen 53 yen 60 yen 63 yen 67 yen 85 yen 100 y
Slide 102: Definition of KPIs
Business Area Capital IV. Reference Group International Japan P&C Japan Life Investment ESG Data Expansion Policy Re-post from Q4 Conference Definition of KPIs Call on May 20, 2025 Definition of Adjusted Net Income / Adjusted Net Assets / Adjusted ROE Adjusted Provision for Provision for Provision f
Slide 103: Copyright (c) 2025 Tokio Marine Holdings, Inc.
Copyright (c) 2025 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
Tokio Marine Holdings — Conference Presentation (May 2025) on 6ix