Tokio Marine Holdings, Inc.
President: Shuzo Sumi
TSE code number: 8766
Tokio Marine Holdings, Inc. (the "Company") announced today its business plan on an adjusted earnings basis (see Appendix 2 for details) for the fiscal year ending March 31, 2011 ("FY 2010").
In the fiscal year ended March 31, 2010 ("FY 2009"), the Tokio Marine Group recorded 165.4 billion yen in total adjusted earnings, an amount significantly above the November 2009 forecast of 106.0 billion yen. This was mainly due to lessened instability in the financial markets and increased earnings in the domestic property and casualty insurance business, owing to cost-cutting efforts and fewer than expected large-scale claims, and in the overseas business, where there were fewer than expected large-scale claims and natural disasters.
In FY 2010, Tokio Marine Group targets 136 billion yen in total adjusted earnings. The details of the FY 2010 business plan are as follows:
In the domestic property and casualty insurance business segment, the domestic life insurance business segment and in the overseas insurance business segment, the Company respectively targets 43 billion, 32 billion and 60 billion yen in adjusted earnings, expecting a typical year of loss events and on the assumption that financial market conditions are similar to conditions at the 2009 financial year end.
With respect to financial services and other business segments, the Company expects 1 billion yen in adjusted earnings.
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:
The business plans described above are based on information available to the Company as of the date of this document. Actual results may materially differ from the plans.