[Company analysis] Tokio Marine Holdings, Inc. (東京海上ホールディングス)

「Tokio Marine Holdings, Inc. (東京海上ホールディングス)」is Japan's top non-life insurance company with the largest net income of insurance premiums in Japan. It is a mega non-life insurance company comparable to「MS&AD Insurance Group, Inc. (MS&ADインシュアランスグループホールディングス)」and「Sompo Holdings(SOMPOホールディングス)」. The number of consolidated employees is approximately 36,902.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	Tokio Marine Holdings, Inc.
Company name (Japanese)	東京海上ホールディングス
Date of establishment	Tuesday, April 2, 2002
Headquarters location	〒100-0005 東京都千代田区丸の内1-2-1
Capital	150,000
Consolidated sales	5,476,720
Consolidated operating profit	416,330
Consolidated total assets	22,531,402
Consolidated capital	3,603,741
Capital adequacy ratio	16.0%
Consolidated number of employees	36,902

 

 

 

2. Summary and Features

 
「Tokio Marine Holdings」owns「Tokio Marine & Nichido Fire Insurance(東京海上日動火災保険)」,「Tokio Marine & Nichido Life Insurance(東京海上日動あんしん生命)」and「Nisshin Fire & Marine Insurance(日新火災海上保険)」as their subsidiaries. its name was「Millea Holdings(ミレアホールディングス)」, but as of June 2008, it was changed to current name.

 

Its core subsidiary,「Tokio Marine & Nichido Fire Insurance(東京海上日動火災保険)」, was established in August 1879 as Japan's first non-life insurance company. In terms of sales, it is the largest non-life insurance industry in Japan and has an overwhelming top share. In the past, this company was belonged to "Mitsubishi Zaibatsu". Besides, it was very popular company for job hunters who has a background in liberal arts for a long time. 

 

While their competitor,「Mitsui Sumitomo Insurance(三井住友海上火災保険)」, has strengths in the ASEAN market, 「Tokio Marine & Nichido Fire Insurance」has strengths in the US market. After the 2008 Subprime mortgage crisis, this company bought a series of weakened American major insurance companies. As a result of this aggresive strategy, the overseas insurance benefits were expanded, and now it accounts for more than 40% of the total benefit.

As for the life insurance in Japan,「Tokio Marine & Nichido Life Insurance(東京海上日動あんしん生命)」is in charge of domestic area from 1996. In addition, they made「Japan Welfare Mutual Aid Association(日本厚生共済会)」a subsidiary in January 2008 and implemented a small short-term insurance business through the current「Tokio Marine Millea SAST Insurance(東京海上ミレア少額短期保険)」. In June 2009, they jointly invested with「NTT Financial Corporation」, in order to establish「E.design Insurance Co., Ltd.」for e-commerce related insurance products.

 

 

 

3. Major Business

 

■ Non-life insurance business

■ Life insurance business

■ Overseas insurance business

■ Finance / General business 

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidate revenue		5,232,602	5,399,115	5,476,720
Consolidate gross income		387,659	344,939	416,330
Consolidated total assets		22,607,603	22,929,935	22,531,402
Consolidated net assets		3,569,760	3,835,536	3,603,741
Breakdown of sales	Japan domestic Indemnity insurance	2,636,110	2,678,821	2,847,118
	Japan domestic Life insurance	722,018	818,693	779,378
	Oversea insurance business	1,835,773	1,883,022	1,972,049
	Financial・General business	82,821	92,187	92,156
	Adjustments	-44,122	-73,608	-213,983