Tokio Marine Holdings has reported its financial results for the fiscal year ended March 31, 2025, showing a significant increase in net income and a positive revision to its full-year forecasts.
The group posted a net income of ¥695.81 billion for fiscal 2024, up from ¥374.61 billion the previous year. This rise reflects improved underwriting performance in key markets such as North America and Brazil, alongside a reduction in natural catastrophe losses within its Japan property and casualty operations. The company also benefited from accelerated sales of business-related equities, contributing to overall earnings growth.
Revenue for the year increased to ¥7.42 trillion, compared with ¥6.61 trillion in the prior fiscal year. Tokio Marine cited growth across multiple business lines, driven by robust demand and ongoing strategic initiatives.
In response to these results, the group raised its full-year adjusted net income forecast to ¥1.04 trillion, an increase of ¥40 billion from the earlier guidance. The firm projects this momentum will continue into fiscal 2025, with an adjusted net income forecast of ¥1.10 trillion, representing a 3% rise year-on-year. The adjusted return on equity (ROE) target is set at 20.7%.
It has also increased its dividend guidance for fiscal 2024 to ¥162 per share, marking a 32% rise compared with the previous year’s dividend. For fiscal 2025, the dividend per share is expected to increase further to ¥210.
Alongside dividend increases, the company announced an expanded share buyback programme of ¥220 billion, up ¥20 billion from its original plan.
Capital strength remains robust, with an Economic Solvency Ratio (ESR) of 147% as of September 30, 2024, providing a solid buffer to support ongoing growth and risk management initiatives.
The company also highlighted ongoing efforts to enhance underwriting discipline, optimise its portfolio mix, and invest in digital transformation to improve customer engagement and operational efficiency. It also reiterated its commitment to sustainable growth through environmental, social and governance (ESG) initiatives.
