Net premiums written in the non-life insurance business increased by 1.8% YoY to 1,195.6 billion yen, mainly due to a revenue growth centering on auto insurance and compulsory automobile liability insurance or "CALI" at Tokio Marine & Nichido ("TMNF") and Nisshin Fire as well as a revenue growth at the Brazilian non-life insurance subsidiary, despite the premium decrease of international insurance business due to the yen's appreciation. Life insurance premiums decreased by 29.4% YoY to 160.5 billion yen, mainly due to a decline in revenue at Tokio Marine & Nichido Financial Life ("TMNFL") because of the shrinking of the variable annuities market and other factors, despite a steady increase in the number of in-force policies at Tokio Marine & Nichido Life ("TMN Life") and revenue growth at life insurance subsidiaries in Asia.
Net income
（unit: billion yen）
FY2007
FY2008
FY2009
FY2010
FY2011
1H
75.0
18.0
71.2
95.2
79.0
Full fiscal year
108.7
23.1
128.4
71.9
-
Consolidated net interim income at Tokio Marine Holdings ("TMHD") decreased to 79.0 billion yen, down 16.1 billion yen YoY. This was mainly due to significant impact from natural disasters such as typhoons in Japan and tornadoes in the U.S. at both domestic and overseas non-life insurance subsidiaries.
Major benchmark figures（consolidated）
（unit：million yen, unless otherwise specified）
Fiscal Year
FY2007
FY2008
FY2009
FY2010
FY2011 1H
Item
(April 1, 2007-March 31, 2008)
(April 1, 2008-March 31, 2009)
(April 1, 2009-March 31, 2010)
(April 1, 2010-March 31, 2011)
(April 1, 2011-September 30, 2011)
Ordinary income
3,710,066
3,503,102
3,570,803
3,288,605
1,895,492
Net premiums written
2,245,135
2,134,243
2,292,911
2,272,117
1,195,607
Ordinary profit
179,071
-15,128
203,413
126,587
119,145
Net income
108,766
23,141
128,418
71,924
79,065
Comprehensive income
-
-
-
-196,554
-79,936
Stockholders' equity
2,579,339
1,639,514
2,184,795
1,904,477
1,806,114
Total assets
17,283,242
15,247,223
17,265,868
16,528,644
15,945,201
BPS (yen)
3,195.45
2,066.92
2,753.87
2,460.21
2,331.73
EPS (yen)
133.54
29.13
163.04
92.49
103.09
Capital ratio
14.83%
10.68%
12.56%
11.41%
11.22%
ROE
3.65%
1.10%
6.76%
3.55%
-
PER
27.56
82.22
16.15
24.05
-
Cash flows from operating activities
822,143
527,964
371,562
183,579
117,242
Cash flows from investing activities
-433,857
-1,693,745
170,771
-97,121
57,763
Cash flows from financing activities
-66,404
104,189
-159,974
-224,723
-111,842
Cash and cash equivalents at year end
1,988,696
877,551
1,268,885
1,120,399
1,190,389
Number of employees
24,959
28,063
29,578
29,758
30,472
Major benchmark figures（non-consolidated）
（unit：million yen, unless otherwise specified）
Fiscal Year
FY2007
FY2008
FY2009
FY2010
FY2011 1H
Item
(April 1, 2007-March 31, 2008)
(April 1, 2008-March 31, 2009)
(April 1, 2009-March 31, 2010)
(April 1, 2010-March 31, 2011)
(April 1, 2011-September 30, 2011)
Ordinary income
74,702
136,570
32,324
127,806
24,303
Ordinary profit
69,971
130,494
26,825
121,621
21,218
Net income
70,385
117,197
44
80,226
21,257
Common stock
150,000
150,000
150,000
150,000
150,000
Total number of the shares issued
804,524,375
804,524,375
804,524,375
804,524,375
804,524,375
Stockholders' equity
2,504,261
2,528,510
2,491,142
2,481,451
2,483,779
Total assets
2,505,334
2,530,333
2,492,379
2,482,926
2,485,327
BPS (yen)
3,120.84
3,209.47
3,161.53
3,234.16
-
Dividend per share (yen)
48
48
50
50
（tentative）50
(Interim dividend per share included in the above)
18
24
24
25
25
EPS (yen)
86.41
147.53
0.05
103.16
27.71
Capital ratio
99.93%
99.89%
99.91%
99.88%
99.88%
ROE
2.78%
4.66%
0.00%
3.23%
-
PER
42.59
16.23
52,660.00
21.56
-
Payout ratio
55.55%
32.54%
100,000.00%
48.47%
-
Number of employees
382
370
379
411
410
*Tokio Marine Holdings, Inc. conducted a split of its shares of common stock (one to 500 split) effective as of September 30, 2006.
Download of All Financial Data of Tokio Marine Holdings
The Tokio Marine Group uses “adjusted earnings”as an indicator for business planning and return to shareholders in order to clarify profit/loss attributable to the current reporting period. Please click here for details.
Note: As for adjusted earnings, only full fiscal year result is disclosed.
Adjusted earnings
(Unit:billion yen)
FY2006
FY2007
FY2008
FY2009
FY2010
Domestic non-life insurance
89.0
99.4
5.1
46.2
20.4
Domestic life insurance
48.2
15.1
-57.2
52.0
27.5
International insurance
28.6
29.7
20.8
76.5
24.8
Financial and other general business
3.8
-1.0
-21.1
-9.4
-0.7
Group total
169.7
143.2
-52.5
165.4
72.0
Tokio Marine Group's total adjusted earnings for FY2010 decreased to 72.0 billion yen, down 93.4 billion yen YoY mainly due to losses relating to the Great East Japan Earthquake at TMNF and those relating to natural catastrophes in international insurance business, as stated in "Net income".
Breakdown of adjusted earnings, Adjusted ROE and Adjusted PBR
Details for adjusted earnings
（unit: billion yen, unless otherwise specified）
Business domain
FY2006
FY2007
FY2008
FY2009
FY2010
Domestic non-life insurance
89.0
99.4
5.1
46.2
20.4
Tokio Marine & Nichido
88.1
100.2
16.9
54.6
23.7
Nisshin Fire
0.8
-0.8
-10.7
0.2
1.3
Other
-
-
-1.1
-8.6
-4.6
Domestic life insurance
48.2
15.1
-57.2
52.0
27.5
TMN Life
30.4
29.1
-6.0
32.2
49.2
TMNFL
17.7
-14.4
-50.2
19.2
-20.9
Other
-
0.4
-0.9
0.5
-0.8
International insurance
28.6
29.7
20.8
76.5
24.8
Non-life insurance
29.8
24.6
23.2
69.7
50.5
PHLY
-
-
-
28.5
23.1
North America
7.7
6.2
7.2
8.3
5.0
Central and South America
2.7
-2.6
-3.6
-6.1
-0.6
Europe
3.2
1.6
0.6
1.1
1.1
Asia
3.9
3.0
-0.5
5.2
5.4
Reinsurance
12.3
16.5
13.0
21.9
6.8
Kiln
-
-
6.9
10.5
10.0
Life insurance
-0.2
6.5
-0.7
7.8
3.0
Adjustment relating to natural disasters in 1Q FY2011
