Net premiums written in non-life insurance business increased by 4.6% YoY to 1,251.1 billion yen, mainly due to revenue growth in both domestic and international insurance businesses. In domestic non-life insurance business, revenue increased at Tokio Marine & Nichido Fire (TMNF), Nisshin Fire (NF), and E.design mainly in auto insurance. In international insurance business, Philadelphia, Kiln, and reinsurance subsidiaries showed steady revenue growth.
Life insurance premiums also increased by 12.8% YoY to 181.0 billion yen, mainly due to a steady growth of in-force policies at Tokio Marine & Nichido Life (TMNL) and favorable sales of a new product in Asia (ex-Japan).
Net income
（unit: billion yen）
FY2008
FY2009
FY2010
FY2011
FY2012
1H
18.0
71.2
95.2
79.0
62.5
Full fiscal year
23.1
128.4
71.9
6.0
-
Consolidated interim net income at Tokio Marine Holdings (TMHD) decreased by 16.5 billion yen YoY to 62.5 billion yen. This was mainly due to a decrease in underwriting profit at TMNF owing to i) reversal effect of gains from reversal of catastrophe loss reserves last year associated with claims payment for the Great East Japan Earthquake, as well as ii) impairment losses on securities caused by domestic stock market deterioration, despite a significant improvement in international insurance business mainly due to a decrease in natural catastrophe losses.
Major benchmark figures（Consolidated）
（unit：million yen, unless otherwise specified）
Fiscal Year
FY2008
FY2009
FY2010
FY2011
FY2012 1H
Item
(April 1, 2008-March 31, 2009)
(April 1, 2009-March 31, 2010)
(April 1, 2010-March 31, 2011)
(April 1, 2011-March 31, 2012)
(April 1, 2012-September 30, 2012)
Ordinary income
3,503,102
3,570,803
3,288,605
3,415,984
1,716,743
Net premiums written
2,134,243
2,292,911
2,272,117
2,324,492
1,251,154
Ordinary profit
-15,128
203,413
126,587
160,324
82,935
Net income
23,141
128,418
71,924
6,001
62,545
Comprehensive income
-
-
-196,554
-10,558
-93,620
Stockholders' equity
1,639,514
2,184,795
1,904,477
1,857,465
1,745,125
Total assets
15,247,223
17,265,868
16,528,644
16,338,460
16,838,150
BPS (yen)
2,066.92
2,753.87
2,460.21
2,398.66
2,250.03
EPS (yen)
29.13
163.04
92.49
7.82
81.54
Capital ratio
10.68%
12.56%
11.41%
11.26%
10.25%
ROE
1.10%
6.76%
3.55%
0.32%
-
PER
82.22
16.15
24.05
290.41
-
Cash flows from operating activities
527,964
371,562
183,579
72,429
106,976
Cash flows from investing activities
-1,693,745
170,771
-97,121
-200,542
-472,555
Cash flows from financing activities
104,189
-159,974
-224,723
101,089
298,032
Cash and cash equivalents at year end
877,551
1,268,885
1,120,399
1,092,680
1,030,338
Number of employees
28,063
29,578
29,758
30,831
33,060
Major benchmark figures（Non-consolidated）
（unit：million yen, unless otherwise specified）
Fiscal Year
FY2008
FY2009
FY2010
FY2011
FY2012 1H
Item
(April 1, 2008-March 31, 2009)
(April 1, 2009-March 31, 2010)
(April 1, 2010-March 31, 2011)
(April 1, 2011-March 31, 2012)
(April 1, 2012-September 30, 2012)
Ordinary income
136,570
32,324
127,806
83,955
22,439
Ordinary profit
130,494
26,825
121,621
77,747
19,080
Net income
117,197
44
80,226
62,110
19,083
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
769,524,375
Stockholders' equity
2,528,510
2,491,142
2,481,451
2,505,690
2,505,825
Total assets
2,530,333
2,492,379
2,482,926
2,506,933
2,507,257
BPS (yen)
3,209.47
3,161.53
3,234.16
3,265.09
-
Dividend per share (yen)
48
50
50
50
（tentative）55
(Interim dividend per share included in the above)
24
24
25
25
27.5
EPS (yen)
147.53
0.05
103.16
80.98
24.88
Capital ratio
99.89%
99.91%
99.88%
99.89%
99.88%
ROE
4.66%
0.00%
3.23%
2.49%
-
PER
16.23
52,660.00
21.56
28.04
-
Payout ratio
32.54%
100,000.00%
48.47%
61.74%
-
Number of employees
370
379
411
409
422
*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)
FY2007
FY2008
FY2009
FY2010
FY2011
Domestic non-life insurance
99.4
5.1
46.2
20.4
-26.1
Domestic life insurance
15.1
-57.2
52.0
27.5
15.9
International insurance
29.7
20.8
76.5
24.8
-11.9
Financial and other general business
-1.0
-21.1
-9.4
-0.7
2.6
Group total
143.2
-52.5
165.4
72.0
-19.5
Tokio Marine Group's total adjusted earnings for FY2011 decreased by 91.5 billion yen YoY to -19.5 billion yen, mainly due to losses in adjusted earnings in the domestic non-life and international insurance businesses affected by large natural disasters.
Adjusted ROE and adjusted PBR
Details for adjusted earnings
（unit: billion yen, unless otherwise specified）
Business domain
FY2007
FY2008
FY2009
FY2010
FY2011
Domestic non-life insurance
99.4
5.1
46.2
20.4
-26.1
Tokio Marine & Nichido
100.2
16.9
54.6
23.7
-18.7
Nisshin Fire
-0.8
-10.7
0.2
1.3
-1.6
Other
-
-1.1
-8.6
-4.6
-5.7
Domestic life insurance
15.1
-57.2
52.0
27.5
15.9
TMN Life
29.1
-6.0
32.2
49.2
76.4
TMNFL
-14.4
-50.2
19.2
-20.9
-61.3
Other
0.4
-0.9
0.5
-0.8
0.8
International insurance
29.7
20.8
76.5
24.8
-11.9
Non-life insurance
24.6
23.2
69.7
50.5
-39.7
PHLY
-
-
28.5
23.1
13.2
North America
6.2
7.2
8.3
5.0
7.2
Central and South America
-2.6
-3.6
-6.1
-0.6
0.7
Europe & Middle East
1.6
0.6
1.1
1.1
-0.6
Asia
3.0
-0.5
5.2
5.4
-52.2
Reinsurance
16.5
13.0
21.9
6.8
-3.3
Kiln
-
6.9
10.5
10.0
-5.0
Life insurance
6.5
-0.7
7.8
3.0
1.0
Adjustment relating to natural disasters in 1Q FY2011
