Tokio Marine Holdings　News Release

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the three months ended June 30, 2010

Wed, 11 Aug 2010 06:30:00 GMT

Announcement regarding share repurchases from the market

Wed, 04 Aug 2010 06:30:00 GMT

Tokio Marine Holdings, Inc. (the "Company") announced that it has repurchased its own shares through the Tokyo Stock Exchange as approved by its board of directors on June 28, 2010, pursuant to Article 156 which is applicable in accordance with Article 165, paragraph 3 of the Companies Act, as described below.

(a)	Period in which repurchases were made:
	From July 1, 2010 through July 31, 2010.
(b)	Number of shares repurchased:
	4,148,000 shares.
(c)	Aggregate purchase price of shares:
	9,907,023,400 yen.
(d)	Method of repurchase:
	Purchased through the Tokyo Stock Exchange.

(For reference)

1.	Details of the resolution made at the meeting of the board of directors held on June 28, 2010 are as follows.
(a)	Class of shares to be repurchased:
	Common stock of the Company.
(b)	Aggregate number of shares to be repurchased:
	Up to 16,000,000 shares. (Represents approximately 2.0% of total issued shares excluding treasury shares.)
(c)	Aggregate purchase price of shares:
	Up to 25.0 billion yen.
(d)	Period in which repurchase may be made:
	From July 1, 2010 through September 21, 2010.
2.	Details of the share repurchases made by July 31, 2010 as approved by the board of directors on June 28, 2010 are as follows.
(a)	Aggregate number of shares repurchased:
	4,148,000 shares.
(b)	Aggregate purchase price of shares:
	9,907,023,400 yen.

Amount to be paid for stock acquisition rights pursuant to the stock option compensation plan

Tue, 13 Jul 2010 01:42:20 GMT

Tokio Marine Holdings, Inc. (the "Company") announced today the amount to be paid for the stock acquisition rights that will be allotted to the Company's and its major subsidiaries' directors and corporate auditors (*), in accordance with the resolution of the Board of Directors dated June 28, 2010.

(*) Directors (including non-members of the board) and corporate auditors of the Company, directors (including non-members of the board) and corporate auditors of Tokio Marine & Nichido Fire Insurance Co., Ltd., directors (including non-members of the board) and corporate auditors of Nisshin Fire & Marine Insurance Co., Ltd., directors and corporate auditors of Tokio Marine & Nichido Life Insurance Co., Ltd. and directors (including non-member of the board) and corporate auditors of Tokio Marine & Nichido Financial Life Insurance Co., Ltd.

1. Name of the Stock Acquisition Rights

July 2010 Tokio Marine Holdings Stock Acquisition Rights (stock option scheme under a stock-linked compensation plan) (the "Stock Acquisition Rights")

2. Amount to be paid for the Stock Acquisition Rights

234,400 yen for each Stock Acquisition Right.
(2,344 yen for each stock.)

3. Date of allotment of the Stock Acquisition Rights

July 13, 2010.

4. Date of payment of consideration in exchange of the Stock Acquisition Rights

July 13, 2010.

Announcement regarding share repurchases from the market

Mon, 28 Jun 2010 07:31:00 GMT

Tokio Marine Holdings, Inc. (the "Company") announced that on June 28, 2010 its board of directors resolved repurchases of its own shares, pursuant to Article 156 of the Companies Act which is applicable in accordance with Article 165, paragraph 3 of the Companies Act, as detailed below.

1. Reason for the repurchase of shares

The Company intends to repurchase its own shares in order to implement flexible financial policies and to prepare for the exercise of stock acquisition rights (238,600 shares to be issued upon exercise of stock acquisition rights) that will be allotted to our directors and corporate auditors, etc.

2. Details of the resolution made on June 28, 2010

(a) Class of shares to be repurchased:
       Common stock of the Company.
(b) Aggregate number of shares to be repurchased:
       Up to 16,000,000 shares.
       (Represents approximately 2.0% of total issued shares excluding treasury shares.)
(c) Aggregate purchase price of shares:
       Up to 25.0 billion yen.
(d) Period in which repurchases may be made:
       From July 1, 2010 through September 21, 2010.

(For reference)

Total issued shares as of May 31, 2010 (excluding treasury shares): 787,601,903 shares
Number of treasury shares held by the Company as of May 31, 2010: 16,922,472 shares

Allotment of stock acquisition rights pursuant to a stock option compensation plan

Mon, 28 Jun 2010 07:30:00 GMT

The Board of Directors of Tokio Marine Holdings, Inc. (the "Company") announced that it has resolved today to issue stock acquisition rights to the Company's and its major subsidiaries' directors and corporate auditors (collectively referred to as the "Directors and Corporate Auditors")(*), in accordance with Article 238, paragraphs 1 and 2 and Article 240 of the Companies Act, in order to strengthen the correlation between compensation for Directors and Corporate Auditors and share price and business results of the Company and to cause Directors and Corporate Auditors to share with shareholders the merits and the risks of share price fluctuation.
(*) Directors (including non-member of the board) and corporate auditors of the Company, directors (including non-member of the board) and corporate auditors of Tokio Marine & Nichido Fire Insurance Co., Ltd. ("Tokio Marine & Nichido"), directors (including non-members of the board) and corporate auditors of Nisshin Fire & Marine Insurance Co., Ltd. ("Nisshin Fire"), directors and corporate auditors of Tokio Marine & Nichido Life Insurance Co., Ltd. ("Tokio Marine & Nichido Life") and directors (including non-member of the board) and corporate auditors of Tokio Marine & Nichido Financial Life Insurance Co., Ltd. ("Tokio Marine & Nichido Financial Life")

1. Name of the Stock Acquisition Rights

July 2010 Tokio Marine Holdings Stock Acquisition Rights (stock option scheme under a stock-linked compensation plan) (the "Stock Acquisition Rights").

2. Total number of the Stock Acquisition Rights

2,386 stock acquisition rights.

The above is expected number of the allotment. If the total number of the Stock Acquisition Rights to be allotted is less than expected, such as in the case where applications are not made as expected, total number of allotment of Stock Acquisition Rights will be reduced accordingly.

3. Class and number of shares to be issued upon exercise of the Stock Acquisition Rights

The shares to be issued upon the exercise of the Stock Acquisition Rights shall be the common stock of the Company. The number of shares to be issued upon exercise of each Stock Acquisition Right shall be 100.

Regardless of the above, if the Company conducts a stock split (including an allotment of the Company’s common stock without receipt of monetary consideration) or a stock consolidation, the Company shall adjust the number of shares to be issued upon exercise of each Stock Acquisition Right in accordance with the following equation.

Number of shares after the adjustment = Number of shares before the adjustment x stock split or stock consolidation ratio

Other than the above, if an inevitable need arises after the date of allotment, the Company shall adjust the number of shares to be issued upon exercise of each Stock Acquisition Right as appropriate and to the extent reasonable.

Fractional number less than one share after the adjustment shall be truncated.

If the number of shares is to be adjusted, the Company shall give notification or a public notice of the proposed adjustment to the holders of the Stock Acquisition Rights appearing on the register of the Stock Acquisition Rights on the date preceding the date of the adjustment of the number of shares. Should the Company be unable to give such notification or public notice on the date preceding the date of the adjustment, the Company shall give such notification or a public notice as soon as practically possible.

4. Amount to be paid upon exercise of the Stock Acquisition Rights

The amount payable to the Company upon exercise of the Stock Acquisition Rights shall be determined by multiplying one (1) yen, the per-share exercise price, by the number of common shares to be issued upon exercise of such Stock Acquisition Rights.

5. Exercise period of the Stock Acquisition Rights

The exercise period of the Stock Acquisition Rights shall be from July 14, 2010 through July 13, 2040.

6. Matters concerning the amount of capital and capital reserve increase resulting from the issuance of the shares upon exercise of the Stock Acquisition Rights

(i) The amount of capital increase resulting from the issuance of shares upon exercise of the Stock Acquisition Rights shall be the amount obtained by multiplying the maximum limit of capital increase, as calculated in accordance with the provisions of Article 17, paragraph 1 of the Company Accounting Regulation, by 0.5, and any fraction of less than one (1) yen arising as a result of such calculation shall be rounded up to the nearest one (1) yen.

(ii) The amount of capital reserve increase resulting from the issuance of shares upon exercise of the Stock Acquisition Rights shall be the amount obtained by deducting the capital to be increased, as provided in (i) above, from the maximum limit of capital increase, as also provided in (i) above.

7. Restriction on transfer of the Stock Acquisition Rights

Any transfer of the Stock Acquisition Rights requires the approval of the Board of Directors of the Company.

8. Conditions regarding the acquisition of the Stock Acquisition Rights

The Company shall be able to acquire the Stock Acquisition Rights without any consideration on the day which shall be determined by the Board of Directors, if any of the following items (i), (ii), (iii), (iv) or (v) is approved by shareholders in a general meeting of shareholders, or where a shareholder approval in a general meeting of shareholders is not necessary, when approved by the Board of Directors.

(i) Approval of a merger contract pursuant to which the Company shall be a dissolving company;

(ii) Approval of an agreement or a plan for corporate split pursuant to which the Company shall be a split company;

(iii) Approval of a share exchange agreement or a share transfer plan where the Company shall become a wholly-owned subsidiary of another company;

(iv) Approval of an amendment of the Company's Articles of Incorporation so that any acquisition by transfer of shares issued by the Company shall require approval of the Company; or

(v) Approval of an amendment of the Company's Articles of Incorporation that would require an approval of the Company for an acquisition by transfer of shares issued upon exercise of the Stock Acquisition Rights, or that would allow the Company to acquire all such shares with the approval by shareholders in a general meeting of shareholders.

9. Policy regarding cancellation of the Stock Acquisition Rights in the event of reorganization and issuance of stock acquisition rights of a subject company of reorganization

If the Company conducts a merger (but only when the Company is the dissolving company), company split, share exchange or share transfer (hereinafter collectively the "corporate reorganization"), the Company shall grant the persons holding the Stock Acquisition Rights existing immediately before the effectiveness of the corporate reorganization (hereinafter the "existing Stock Acquisition Rights") stock acquisition rights of the joint stock company as stipulated in Article 236, paragraph 1, subparagraph 8, items (a) to (e) (hereinafter the "subject company") of the Companies Act in accordance with the following conditions. In such event, the existing Stock Acquisition Rights shall be cancelled and the stock acquisition rights of the subject company shall be newly issued. This only applies in cases where such grant of stock acquisition rights is stipulated in the applicable merger contract, statutory consolidation contract, company split contract, share exchange contract or share transfer plan.

(i) The number of the stock acquisition rights of the subject company to be granted

The number of the stock acquisition rights of the subject company to be granted shall be the same as the number of existing Stock Acquisition Rights.

(ii) The class of shares of the subject company to be issued upon exercise of the stock acquisition rights

Common stock of the subject company.

(iii) The number of shares of the subject company to be issued upon exercise of the stock acquisition rights

It shall be determined following Item 3 above, considering the terms and conditions of the company reorganization.

(iv) Amount to be paid upon exercise of the stock acquisition rights

The amount payable to the Company upon exercise of the stock acquisition rights shall be determined by multiplying one (1) yen, the per-share exercise price of the subject company, by the number of shares of the subject company to be issued upon exercise of such stock acquisition rights as determined in accordance with (iii) above.

(v) Exercise period of the stock acquisition rights

The exercise period of the stock acquisition rights shall begin on the date of commencement of the exercise period stipulated in Item 5 above or the effective date of the corporate reorganization, whichever is later, and end on the closing date of the exercise period stipulated in Item 5 above.

(vi) Matters concerning the amount of capital and capital reserve increase resulting from the issuance of the shares upon exercise of the stock acquisition rights

Shall be determined in accordance with Item 6 above.

(vii) Restriction on the transfer of the stock acquisition rights

Any transfer of the stock acquisition rights requires the approval of the Board of Directors of the subject company.

(viii) Conditions regarding the acquisition of the stock acquisition rights

Shall be determined in accordance with Item 8 above.

(ix) Additional conditions for the exercise of the stock acquisition rights

Shall be determined in accordance with Item 11 below.

10. Treatment of fractional shares upon exercise of the Stock Acquisition Rights

If fractional portions of shares are to be allotted upon exercise of the Stock Acquisition Rights, they shall be disregarded.

11. Additional conditions for the exercise of the Stock Acquisition Rights

The Stock Acquisition Rights held by any of the Directors and Corporate Auditors that he or she received in his or her capacity as a director (including a non-member of the board) or a corporate auditor of the relevant entity may only be exercised after he or she has retired from any position as a director (including a non-member of the board) or corporate auditor of such entity.

12. Calculation of the amount to be paid for allotment of the Stock Acquisition Rights

The amount to be paid for allotment of the Stock Acquisition Rights shall be the option price per share calculated based on the following formula, multiplied by the number of shares to be issued upon exercise of the Stock Acquisition Rights.

In this formula,

(i) C = option price per share

(ii) S = share price: the closing price of the regular trading of Company's common stock on the Tokyo Stock Exchange on July 13, 2010 (or the standard price on the following trading day if there is no closing price on July 13, 2010) minus present value of the aggregate amount of expected dividends that will be paid over the period of the expected duration.

(iii) X = exercise price: 1 yen

(iv) T = expected duration: 2 years

(v) σ= volatility: computed based on the closing price of the regular trading on each trading day of the Company's common stock from July 14, 2008 to July 13, 2010.

(vi) r = risk-free interest rate: the interest rate on Japanese government bonds with remaining period corresponding to the expected duration

(vii) N (.) = cumulative distribution function of the standard normal distribution

Note 1: The option price to be calculated as described above is a fair value of the Stock Acquisition Rights. Accordingly, the issuance of the Stock Acquisition Rights is not an issuance of shares with favorable terms.

Note 2: The Stock Acquisition Rights are allotted to directors (including non-member of the board) and corporate Auditors of the Company by offsetting their monetary remuneration claims against the Company and their obligations to pay for the allotment of the Stock Acquisition Rights. In respect of the directors (including non-member of the board) and corporate auditors of Tokio Marine & Nichido, Nisshin Fire, Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life, such offset described above shall be conducted after the Company assumes from Tokio Marine & Nichido, Nisshin Fire, Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life the monetary remuneration claims held by the directors (including non-member of the board) and corporate auditors against Tokio Marine & Nichido, Nisshin Fire, Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life.

13. Date of allotment of the Stock Acquisition Rights

Date of allotment of the Stock Acquisition Rights shall be July 13, 2010.

14. Date of payment of consideration in exchange of the Stock Acquisition Rights

Date of payment of consideration in exchange of the Stock Acquisition Rights shall be July 13, 2010.

15. Persons that will be allotted with the Stock Acquisition Rights

Persons that will be allotted with the Stock Acquisition Rights	Number of persons	Number of the Stock Acquisition Rights to be allotted
Directors (including non-member of the board) and corporate auditors of the Company	22	406
Directors (including non-member of the board) and corporate auditors of Tokio Marine & Nichido	46	1,432
Directors (including non-member of the board) and corporate auditors of Nisshin Fire	16	328
Directors and corporate auditors of Tokio Marine & Nichido Life	6	137
Directors (including non-member of the board) and corporate auditors of Tokio Marine & Nichido Financial Life	7	83
Total	97	2,386

(Note) Since some directors and corporate auditors of the Company and its major subsidiaries hold concurrent offices in more than one of these companies, the actual number of the persons to be allotted with the Stock Acquisition Rights is 88.

Changes regarding a director

Mon, 21 Jun 2010 06:30:00 GMT

Tokio Marine Holdings, Inc. (the "Company") announced that its board of directors resolved the proposed personnel change described below following the board of directors' receipt of a report from the Tokio Marine Group nomination committee, which serves as an advisory body to the board of directors.

The change below is expected to take effect on July 1, 2010.

1. Candidate for director
     Naoki Uno
          New Position:      Managing Director (*)
          Current Position: Managing Director,
                                  Tokio Marine & Nichido Fire Insurance Co., Ltd.
                      (“Tokio Marine & Nichido”)

Note: To concurrently serve as the Managing Director of Tokio Marine & Nichido.
________________
* Non-member of the board.

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the year ended March 31, 2010

Thu, 20 May 2010 06:30:05 GMT

FY 2010 Business Plan of Tokio Marine Group

Thu, 20 May 2010 06:30:04 GMT

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.

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:

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.

Distribution of surplus and resumption of share repurchases

Thu, 20 May 2010 06:30:03 GMT

Tokio Marine Holdings, Inc. (the "Company") announced today that its board of directors on May 20, 2010, adopted the following resolutions: 1. to distribute surplus with a record date of March 31, 2010; and 2. to resume share repurchases.

1. Distribution of surplus
The Company intends to make the following proposal for the distribution of surplus at the 8th Ordinary General Meeting of Shareholders to be held on June 28, 2010.
(1) Details

	Expected dividends	Previous forecast on dividends (*)	Dividends paid for the fiscal year ended March 31, 2009
Record date	March 31, 2010	March 31, 2010	March 31, 2009
Dividend per share	26 yen	24 yen	24yen
Total pay out	20,477 million yen	-	18,901 million yen
Effective date	June 29, 2010	-	June 30, 2009
Source of dividends	Retained earnings	-	Retained earnings

(*) Forecast announced on February 12, 2010.

(2) Reasons
The Company regards the distribution of profits to shareholders as one of its most important management tasks, focuses on improving its ability to do so, and maintains a policy to pay stable dividends. With regard to dividends for the fiscal year ended March 31, 2010, in light of the Company’s policies and the business results for the fiscal year, the Company resolved to slightly increase the dividend to 26 yen per share. Together with the interim dividend of 24 yen per share, the annual amount of dividends will be 50 yen per share, an increase of 2 yen per share from the previous fiscal year.

(Reference) Breakdown of annual dividends

Record date	September 30		March 31		Annual amount
	Per share amount	Total amount	Per share amount	Total amount	Per share amount	Total amount
Fiscal year ended March 31, 2010	24 yen	18,902 million yen	26 yen	20,477 million yen	50 yen	39,379 million yen
Fiscal year ended March 31, 2009	24 yen	19,101 million yen	24 yen	18,901 million yen	48 yen	38,002 million yen

2. Resumption of share repurchases
The board of directors approved the resumption of share repurchases, which were suspended on November 19, 2008, of up to 25 billion yen through the time when the Company announces its business results for the first half of the fiscal year. Based on this decision to resume share repurchases, the board of directors will set upper limits on the volume and number of shares to be repurchased for each period in which repurchases may be made, pursuant to Article 156 of the Companies Act which is applicable in accordance with Article 165, paragraph 3 of the Companies Act. The Company may modify its share repurchase plans in light of changes in its business environment or other factors.

Revised forecasts of non-consolidated business results of Tokio Marine Holdings, Inc. under Japanese GAAP for the fiscal year ended March 31, 2010

Thu, 13 May 2010 08:00:00 GMT

Tokio Marine Holdings, Inc. (the "Company") announced today that it has revised the forecasts of its non-consolidated business results under Japanese GAAP for the fiscal year ended March 31, 2010 (April 1, 2009 to March 31, 2010, "FY 2009"), previously announced on November 19, 2009, as detailed below. There are no revisions to the Company’s forecasts of consolidated business results for FY 2009.

1. Revised forecasts for FY2009

	Operating income (million yen)	Operating profit (million yen)	Ordinary profit (million yen)	Net income (million yen)	Net income per share (yen)
Original forecast* (A)	32,000	25,500	25,500	25,000	31.74
Revised forecast (B)	32,000	26,000	26,000	40	0.05
Difference (B)-(A)	-	500	500	(24,960)	(31.69)
Rate of increase (decrease) (%)	-	2.0	2.0	(99.8)	(99.8)
(Reference) Actual results for the fiscal year ended March 31, 2009	136,570	130,476	130,494	117,197	147.53

*Announced on November 19, 2009.

2. Explanation of revisions

The revision of forecast net income is mainly due to an impairment loss on an investment in Tokio Marine & Nichido Financial Life Insurance Co., Ltd., which is a subsidiary of the Company.
The forecast decrease, however, will not affect the Company’s consolidated business results since the impairment loss on the investment in the subsidiary will be eliminated on a consolidated basis.

Tokio Marine Holdings News Release

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the three months ended June 30, 2010

Announcement regarding share repurchases from the market

Amount to be paid for stock acquisition rights pursuant to the stock option compensation plan

Announcement regarding share repurchases from the market

Allotment of stock acquisition rights pursuant to a stock option compensation plan

Changes regarding a director

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the year ended March 31, 2010

FY 2010 Business Plan of Tokio Marine Group

Distribution of surplus and resumption of share repurchases

Revised forecasts of non-consolidated business results of Tokio Marine Holdings, Inc. under Japanese GAAP for the fiscal year ended March 31, 2010

Tokio Marine Holdings　News Release