Tokio Marine Holdings, Inc. (the "Company") announced today that it has revised the forecasts of its consolidated business results under Japanese GAAP for the fiscal year ending March 31, 2012 ("FY 2011"), previously announced on November 18, 2011, as detailed below.

1. Revised forecasts for FY 2011

	Ordinary income (million yen)	Ordinary profit (million yen)	Net income (million yen)	Net income per share (yen)
Previous forecast*1 (A)	3,500,000	140,000	90,000	117.35
Revised forecast (B)	3,500,000	140,000	10,000	13.03
Difference (B)-(A)	-	-	-80,000	-
Rate of increase (decrease) (%)	-	-	(88.9)	-
(Reference) Actual results for the fiscal year ended March 31, 2011	3,288,605	126,587	71,924	92.49

Note 1: Announced on November 18, 2011.

2. Explanation of revisions

The net income forecast was revised downward due to the expected reversal of deferred tax assets owing to the newly promulgated laws related to decrease in corporate tax rate.

(Reference)
Set forth below are details of the revised forecasts of non-consolidated business results of Tokio Marine & Nichido Fire Insurance Co., Ltd. under Japanese GAAP for the fiscal year ending March 31, 2012.

	Net premiums written (million yen)	Ordinary profit (million yen)	Net income (million yen)
Previous forecast*2 (A)	1,763,000	176,000	73,000
Revised forecast (B)	1,763,000	176,000	6,000
Difference (B)-(A)	-	-	-67,000
Rate of increase (decrease) (%)	-	-	(91.8)
(Reference) Actual results for the fiscal year ended March 31, 2011	1,742,746	145,754	100,713

Note 2:

Included in page 6 of "Information about major subsidiaries' business results for the six months ended September 30, 2011" announced on November 18, 2011.