Tokio Marine Holdings　News Release

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the six months ended September 30, 2008

Wed, 19 Nov 2008 04:00:05 GMT

Revised forecasts of business results of Tokio Marine Holdings, Inc. under Japanese GAAP for the fiscal year ending March 31, 2009

Wed, 19 Nov 2008 04:00:04 GMT

Tokio Marine Holdings, Inc. (the "Company") announced today that it has revised the forecasts of business results under Japanese GAAP for the fiscal year ending March 31, 2009 (from April 1, 2008 to March 31, 2009, "FY2008") originally announced on May 21, 2008 as detailed below.

１．Revised forecasts for FY2008
(1) Revised forecasts of consolidated business results of the Company for FY2008

	Ordinary income (million yen)	Ordinary profit (million yen)	Net income (million yen)	Net income per share (yen)
Original forecast (A)	4,057,000	215,000	150,000	186.97
Revised forecast (B)	3,500,000	56,000	42,000	52.77
Difference (B)-(A)	-557,000	-159,000	-108,000	－
Rate of increase/decrease (%)	-13.7	-74.0	-72.0	－
(Reference) Actual results for the fiscal year ended March 31, 2008	3,710,066	179,071	108,766	133.54

(2) Revised forecasts of non-consolidated business results of the Company for FY2008

	Operating income (million yen)	Operating profit (million yen)	Ordinary profit (million yen)	Net income (million yen)	Net income per share (yen)
Original forecast (A)	195,000	189,000	189,000	188,500	234.96
Revised forecast (B)	134,000	127,500	127,500	126,000	158.31
Difference (B)-(A)	-61,000	-61,500	-61,500	-62,500	－
Rate of increase/decrease (%)	-31.3	-32.5	-32.5	-33.2	－
(Reference) Actual results for the fiscal year ended March 31, 2008	74,702	69,629	69,971	70,385	86.41

2. Explanation of revisions

(a) Revision of consolidated business forecasts

The downward revision of forecasted ordinary income is due to the projected decrease in sales of individual annuity insurance offered by Tokio Marine & Nichido Financial Life Insurance Co., Ltd., a consolidated subsidiary of the Company. The downward revision of forecasted ordinary profit and forecasted net income is due to an increase in impairment losses on securities expected as a result of both domestic and overseas financial market conditions arising since the end of September 2008, as well as the downturn in overseas insurance and financial businesses expected from the decline in actual business results of those businesses for the six months ended September 30, 2008.

(b) Revision of non-consolidated business forecasts

The downward revision of non-consolidated business forecasts is due to a projected decrease in the dividends expected to be received by the Company from Tokio Marine & Nichido Fire Insurance Co., Ltd. ("Tokio Marine & Nichido"), a consolidated subsidiary of the Company. The decrease is in line with the Company's expected decrease in capital needs.

(Reference)
Below are the details of the revised forecasts of non-consolidated business results under Japanese GAAP for FY2008 of Tokio Marine & Nichido, a wholly-owned subsidiary of the Company.

	Net premiums written (million yen)	Ordinary profit (million yen)	Net income (million yen)
Original forecast * (A)	1,884,000	170,000	120,000
Revised forecast (B)	1,840,000	95,000	70,000
Difference (B)-(A)	-44,000	-75,000	-50,000
Rate of increase/decrease (%)	-2.3	-44.1	-41.7
(Reference) Actual results for the fiscal year ended March 31, 2008	1,912,180	183,974	122,992

*Included in page 5 of "Information about major subsidiaries' business results
for the year ended March 31, 2008" announced on May 21, 2008.

Revised forecasts of business results of Tokio Marine Group for the fiscal year ending March 31, 2009 (“FY2008”) (Adjusted Earnings Basis)

Wed, 19 Nov 2008 04:00:03 GMT

Tokio Marine Holdings, Inc. (the “Company”) has revised its FY 2008 business forecasts for the Tokio Marine Group (the “Group”) on an adjusted earnings basis, originally announced on May 21, 2008, to reflect its recent business performance.

The Company expects the Group’s total adjusted earnings in FY2008 to be 24.2 billion yen.

In the domestic property and casualty insurance business segment, the Company has revised its original forecast downward to 16.9 billion yen, as investment returns on managed assets are expected to decrease due to turbulence in domestic and overseas financial markets.

In the domestic life insurance business segment, the Company revised its original forecast downward to 4.3 billion yen due to the expected adverse impact on its variable annuity insurance business due to turbulence in domestic and overseas financial markets.

In the overseas insurance business segment, the Company revised its original forecast downward to 14.2 billion yen due to increased claim payouts in some regions.

With respect to financial and other business segment, the turbulent financial markets have weakened the performance of the Company’s financial subsidiaries and have resulted in a downward revision of the original forecast to an 11.2 billion yen loss.

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:

Announcement regarding share repurchases from the market and a change to the Company’s annual share repurchase plan

Wed, 19 Nov 2008 04:00:02 GMT

1. Details of share repurchases made as approved by the board of directors on August 11, 2008

Tokio Marine Holdings, Inc. (the "Company") has repurchased its own shares through the Tokyo Stock Exchange, as approved by its board of directors on August 11, 2008. The repurchases were completed pursuant to Article 156 of the Companies Act, 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 October 1, 2008 through November 18, 2008
(b) Number of shares repurchased:
8,290,600 shares
(c) Aggregate purchase price of shares:
27,037,067,500 yen
(d) Method of repurchase:
Purchased through the Tokyo Stock Exchange

(For reference)

1. Details of the resolution approved at the meeting of the board of directors held on August 11, 2008 were as follows.

(a) Class of shares to be repurchased:
Common stock of the Company
(b) Aggregate number of shares to be repurchased:
Up to 18,000,000 shares
(Represents approximately 2.2% of total issued shares excluding treasury shares)
(c) Aggregate purchase price of shares:
Up to 50.0 billion yen
(d) Period in which repurchase could be made:
From August 12, 2008 through November 18, 2008 but excluding September 22, 2008 through September 30, 2008

2. Details of the share repurchases made during the period beginning on August 12, 2008 and ending on November 18, 2008 as approved by the board of directors on August 11, 2008. The share repurchases were completed pursuant to Article 156 of Companies Act, which is applicable in accordance with Article 165, paragraph 3 of the Companies Act, are described below.

(a) Aggregate number of shares repurchased:
14,682,100 shares
(Represents approximately 1.8 % of total issued shares, excluding treasury shares)
(b) Aggregate purchase price of shares:
49,999,835,500 yen

2. Change to the Company’s annual share repurchase plan

On May 21, 2008, the Company announced its annual share repurchase plan for the period beginning on June 24, 2008 and ending on the day of the Company's 7th Ordinary General Meeting of Shareholders, scheduled for June 2009, setting the annual maximum aggregate purchase price for shares at 100 billion yen. In accordance with this plan, the Company completed share repurchases between August 12, 2008 and November 18, 2008, as detailed above.

On November 19, 2008, the board of directors of the Company resolved to amend the plan to cease further share repurchases for the remaining period for the following reasons:

(a) to ensure management has the necessary resources available to implement the mid-term growth strategies of the Tokio Marine Group; and

(b) to maintain a sound capital basis and sufficient liquidity to navigate the further turbulence expected in domestic and overseas financial markets.

This change to the Company’s current annual share repurchase plan does not affect the Company’s continuing commitment to improving its capital efficiency. The Company will review and formulate the details of its capital management framework for the next fiscal year as part of its next mid-term business plan (for fiscal year 2009 to 2011).

Revised forecasts of consolidated business results of Tokio Marine Holdings, Inc. under Japanese GAAP for the six months ended September 30, 2008

Fri, 07 Nov 2008 08:30:00 GMT

Tokio Marine Holdings, Inc. (the "Company") announced today that it has revised the forecasts of its consolidated business results under Japanese GAAP for the six months ended September 30, 2008 ("FY 2008 Interim") originally announced on May 21, 2008 as detailed below.

1. Revised forecasts for FY2008 Interim

	Ordinary income (million yen)	Ordinary profit (million yen)	Net income (million yen)	Net income per share (yen)
Original forecast* (A)	2,041,600	112,000	78,000	97.22
Revised forecast (B)	1,959,000	14,000	18,000	22.50
Difference (B)-(A)	-82,600	-98,000	-60,000	-
Rate of increase/decrease (%)	-4.0	-87.5	-76.9	-
(Reference) Actual results for the six months ended September 30, 2007	1,894,507	95,637	75,003	91.43

*Announced on May 21, 2008

2. Explanation of revisions

The downward revision of forecasted ordinary income and of net income is primarily due to expected increases in investment expenses and in losses from financial guarantee reinsurance, both of which are attributable to the decline of the domestic stock market and turbulence in the global financial markets. The main components of these increases are expenses incurred due to revaluations of (i) securities, (ii) monetary receivables bought and (iii) credit default swaps, in the amounts of 31 billion yen, 17 billion yen and 9 billion yen, respectively, and losses arising from financial guarantee reinsurance of 10 billion yen.

A revised business forecast of the Company for the fiscal year ending March 31, 2009 is expected to be announced on November 19, 2008, which will be the same date that the Company expects to announce its business results for the six months ended September 30, 2008.

(Reference) Below are the details of the revised forecasts of non-consolidated business results under Japanese GAAP for the six months ending September 30, 2008 of Tokio Marine & Nichido Fire Insurance Co., Ltd., a wholly-owned subsidiary of the Company.

	Net premiums written (million yen)	Ordinary profit (million yen)	Net income (million yen)
Original forecast** (A)	955,000	85,000	60,000
Revised forecast (B)	928,000	18,000	20,000
Difference (B)-(A)	-27,000	-67,000	-40,000
Rate of increase/decrease (%)	-2.8	-78.8	-66.7
(Reference) Actual results for the six months ended September 30, 2007	958,958	75,790	62,769

**Included in page 5 of "Information about major subsidiaries' business results
for the year ended March 31, 2008" announced on May 21, 2008.

Announcement regarding share repurchases from the market

Fri, 03 Oct 2008 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 August 11, 2008, 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 September 1, 2008 through September 30, 2008.
(b) Number of shares repurchased:
      3,205,400 shares.
(c) Aggregate purchase price of shares:
      11,486,086,000 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 August 11, 2008 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 18,000,000 shares.
      (Represents approximately 2.2% of total issued shares excluding treasury shares.)
(c) Aggregate purchase price of shares:
      Up to 50.0 billion yen.
(d) Period in which repurchase may be made:
      From August 12, 2008 through November 18, 2008 except September 22, 2008 through
      September 30, 2008.

2. Details of the share repurchases made by September 30, 2008 as approved by the board of directors on August 11, 2008 are as follows.

(a) Aggregate number of shares repurchased:
      6,391,500 shares.

(b) Aggregate purchase price of shares:
      22,962,768,000yen.

Announcement regarding share repurchases from the market

Wed, 03 Sep 2008 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 August 11, 2008, 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 August 12, 2008 through August 31, 2008.
(b) Number of shares repurchased:
      3,186,100 shares.
(c) Aggregate purchase price of shares:
      11,476,682,000 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 August 11, 2008 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 18,000,000 shares.
      (Represents approximately 2.2% of total issued shares excluding treasury shares.)
(c) Aggregate purchase price of shares:
      Up to 50.0 billion yen.
(d) Period in which repurchase may be made:
      From August 12, 2008 through November 18, 2008 except September 22, 2008 through
      September 30, 2008.

2. Details of the share repurchases made by August 31, 2008 as approved by the board of directors on August 11, 2008 are as follows.

(a) Aggregate number of shares repurchased:
      3,186,100 shares.
(b) Aggregate purchase price of shares:
      11,476,682,000yen.

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

Wed, 27 Aug 2008 02:00:00 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 August 11, 2008.
(*) Directors 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. and directors and corporate auditors of Tokio Marine & Nichido Life Insurance Co., Ltd.

1. Name of the Stock Acquisition Rights

August 2008 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

353,300 yen for each Stock Acquisition Right.
(3,533 yen for each stock.)

3 Date of allotment of the Stock Acquisition Rights

August 26, 2008.

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

August 26, 2008.

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the three months ended June 30, 2008

Mon, 11 Aug 2008 06:30:07 GMT

Announcement regarding share repurchases from the market

Mon, 11 Aug 2008 06:30:06 GMT

Tokio Marine Holdings, Inc. (the "Company") announced that on August 11, 2008 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 (122,100 shares to be issued upon exercise of stock acquisition rights) that will be allotted to our directors and corporate auditors, etc. pursuant to the stock option scheme under the stock-linked compensation plan announced on August 11, 2008.

2. Details of the resolution made on August 11, 2008

(a) Class of shares to be repurchased:
      Common stock of the Company.
(b) Aggregate number of shares to be repurchased:
      Up to 18,000,000 shares.
      (Represents approximately 2.2% of total issued shares excluding treasury shares.)
(c) Aggregate purchase price of shares:
      Up to 50.0 billion yen.
(d) Period in which repurchases may be made:
      From August 12, 2008 through November 18, 2008 except September 22, 2008 through September 30, 2008.

(For reference)

Total issued shares as of July 31, 2008 (excluding treasury shares): 802,281,986 shares
Number of treasury shares held by the Company as of July 31, 2008: 2,242,389 shares

Tokio Marine Holdings News Release

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the six months ended September 30, 2008

Revised forecasts of business results of Tokio Marine Holdings, Inc. under Japanese GAAP for the fiscal year ending March 31, 2009

Revised forecasts of business results of Tokio Marine Group for the fiscal year ending March 31, 2009 (“FY2008”) (Adjusted Earnings Basis)

Announcement regarding share repurchases from the market and a change to the Company’s annual share repurchase plan

Revised forecasts of consolidated business results of Tokio Marine Holdings, Inc. under Japanese GAAP for the six months ended September 30, 2008

Announcement regarding share repurchases from the market

Announcement regarding share repurchases from the market

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

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the three months ended June 30, 2008

Announcement regarding share repurchases from the market

Tokio Marine Holdings　News Release