{"id":4625,"date":"2025-05-20T11:30:20","date_gmt":"2025-05-20T11:30:20","guid":{"rendered":"http:\/\/calebdewey.com\/?p=4625"},"modified":"2025-05-20T12:24:19","modified_gmt":"2025-05-20T12:24:19","slug":"tokio-marines-international-business-reports-2-decrease-in-profits-in-fy24","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/05\/20\/tokio-marines-international-business-reports-2-decrease-in-profits-in-fy24\/","title":{"rendered":"Tokio Marine\u2019s international business reports 2% decrease in profits in FY\u201924"},"content":{"rendered":"

Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023\u2019s JPY 436.9 million.<\/p>\n

\"tokio-marine-logo-new\"According to the firm, the decrease was mainly due to “one-off effects” totalling -JPY38.3 billion. This included capital loss mainly due to CECL provisions for CRE loan -JPY56.0 billion, offset by Nat Cats gains of +JPY12.5bn, and positive FX effect between foreign currencies of approximately +JPY9.0bn).<\/p>\n

The decrease in 2024\u2019s profits was also impacted by a decrease in Asian life insurance associated with lower interest rates (c. -JPY21.0bn), decrease in prior year loss reserves takedowns (c. -JPY22.0bn), partly offset by strong underwriting and investment income in key entities, and the JPY depreciation (+JPY42.9bn).<\/p>\n

North America produced the strongest performance reaching JPY 362.9 million, an 0.8% year-on-year increase from JPY 359.9 million reported in 2023.<\/p>\n

The Middle East & Africa region experienced 42.3% growth in the year, to JPY 3.0 million from JPY 2.1 million in 2023.<\/p>\n

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While Europe and Asia & Oceania also experienced growth in the year, JPY 37.7 million from JPY 36.1 million in 2023 and JPY 31.0 million from JPY 30.0 million in 2023, respectively, South & Central America saw a decline, to JPY 35.3 million from JPY 38.5 million.<\/p>\n

Moving towards net premiums written (NPW), Tokio Marine Holdings\u2019 International business posted a 6.6% increase from 2023\u2019s JPY 2,910.0 million to JPY 3,367.2 million.<\/p>\n

Once again, North America produced the strongest performance growing 19.6% year-on-year, to JPY 2,329.0 million, followed by Europe, which grew 15.8% to JPY 255.6 million.<\/p>\n

Within North America, TMHCC\u2019s NPW increased 17.1% to JPY 905.6 million. This growth was attributed to underwriting expansion mainly driven by A&H (MSL) and international, despite softening rate trend in Financial Lines, including D&O and Cyber as expected<\/p>\n

While Asia & Oceania also experienced growth, 8.0% to JPY 291.7 million, as well as Middle East & Africa, 11.8% to JPY 3,367.2 million, South & Central America saw a 1.7% decrease, to JPY 304.8 million.<\/p>\n

The post Tokio Marine\u2019s international business reports 2% decrease in profits in FY’24<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023\u2019s JPY 436.9 million. According to the firm, the decrease was mainly due to “one-off effects” totalling -JPY38.3 billion. This included capital loss mainly due to CECL provisions for […]<\/p>\n","protected":false},"author":1,"featured_media":4627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4625"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=4625"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4625\/revisions"}],"predecessor-version":[{"id":4629,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4625\/revisions\/4629"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/4627"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=4625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=4625"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=4625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}