Tokio Marine Holdings, Inc.
President: Shuzo Sumi
TSE code number: 8766
Tokio Marine Holdings, Inc. (the "Company") has announced its business plan on an adjusted earnings basis for the fiscal year ending March 31, 2010 ("FY 2009").
In the fiscal year ended March 31, 2009 ("FY 2008"), the Tokio Marine Group recorded -52.5 billion yen in total adjusted earnings, falling significantly below the forecasted amount of 24.2 billion yen announced in November 2008. This was due to decreased earnings in the domestic property and casualty insurance business, the domestic life insurance business, financial services businesses and other business segments that resulted primarily from the adverse impact of turbulent financial markets.
In FY 2009, the Tokio Marine Group targets 106 billion yen in total adjusted earnings. The details of the FY 2009 business plan are as follows:
In the domestic property and casualty insurance business and the domestic life insurance business segments, the Company targets 38 billion yen and 21 billion yen in adjusted earnings, respectively, in anticipation of fewer losses that result from turbulence in the financial markets.
In the overseas insurance business segment, the Company aims at 53 billion yen in adjusted earnings, primarily as a result of the positive effects of the Philadelphia Consolidated Holding Corp. acquisition.
With respect to financial services businesses and other business segments, the Company expects -6 billion yen in adjusted earnings. Appendix 1
Business Performance Indices for Major Business Segments 1. Domestic property and casualty insurance business
Indices for Tokio Marine & Nichido and Nisshin Fire are as follows: 2. Domestic life insurance business
Indices for Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life are as follows: 3. Overseas insurance business
Indices for the overseas insurance business are as follows: