Financial Ratios Tokio Marine Holdings, Inc.

Equities

8766

JP3910660004

Property & Casualty Insurance

Market Closed - Japan Exchange Other stock markets 12:00:00 06/03/2026 pm IST			5-day change	1st Jan Change
6,169.00 ^JPY	-0.37%		-5.48%	+6.05%

23/02	S&P Revises Outlooks on Tokio Marine Group's Core Subsidiaries to Positive	MT
17/02	Tokio Marine Holdings, Inc. Announces Management Resignation	CI

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Published financial data: TOKIO MARINE HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	4,62700Cr	4,94700Cr	5,59200Cr	5,91700Cr	5,93600Cr
Total Interest And Dividend Income	50TCr	59TCr	70TCr	88TCr	86TCr
Gain (Loss) on Sale of Investments, Total (Rev)	18TCr	17TCr	19TCr	38TCr	1LCr
Other Revenues, Total	13TCr	13TCr	15TCr	18TCr	18TCr
Total Revenues	5,43300Cr	5,84300Cr	6,62300Cr	7,35400Cr	7,98200Cr
Policy Benefits	3,48200Cr	3,43000Cr	3,81100Cr	4,07100Cr	3,67200Cr
Policy Acquisition / Underwriting Costs, Total	70TCr	75TCr	86TCr	96TCr	1,02200Cr
Selling General & Admin Expenses, Total	90TCr	1,00200Cr	1,13600Cr	1,25600Cr	1,40100Cr
Provision for Bad Debts	106.7Cr	41Cr	1.2TCr	521.2Cr	229.7Cr
Other Operating Expenses	595.8Cr	921.5Cr	808.8Cr	735.7Cr	1.15TCr
Total Operating Expenses	5,09300Cr	5,19700Cr	5,82200Cr	6,29600Cr	6,11000Cr
Operating Income	34TCr	65TCr	80TCr	1,05800Cr	1,87200Cr
Interest Expense, Total	-1.15TCr	-839.8Cr	-1.4TCr	-2.6TCr	-2.69TCr
Income (Loss) on Equity Invest.	-1.01TCr	-303.4Cr	-10TCr	-	-
Other Non Operating Income (Expenses)	-653.5Cr	-2.87TCr	-9.04TCr	-15TCr	-8.54TCr
EBT, Excl. Unusual Items	31TCr	61TCr	59TCr	88TCr	1,75900Cr
Gain (Loss) on Sale of Investments	-4.51TCr	-3.86TCr	-8.75TCr	-4.11TCr	-30TCr
Gain (Loss) on Sale of Assets	-201.5Cr	9.6Cr	322.4Cr	-251.4Cr	-11Cr
Asset Writedown	-75Cr	-76Cr	-374Cr	-870.2Cr	-256.6Cr
Other Unusual Items	-2.08TCr	-1.25TCr	2.6TCr	-949.9Cr	-705.9Cr
EBT, Incl. Unusual Items	24TCr	55TCr	53TCr	82TCr	1,45000Cr
Income Tax Expense	8.13TCr	14TCr	18TCr	15TCr	40TCr
Earnings From Continuing Operations	16TCr	41TCr	35TCr	67TCr	1,05400Cr
Net Income to Company	16TCr	41TCr	35TCr	67TCr	1,05400Cr
Minority Interest	-3.5Cr	1.01TCr	2.68TCr	2.45TCr	153.3Cr
Net Income - (IS)	16TCr	42TCr	38TCr	70TCr	1,05500Cr
Net Income to Common Incl Extra Items	16TCr	42TCr	38TCr	70TCr	1,05500Cr
Net Income to Common Excl. Extra Items	16TCr	42TCr	38TCr	70TCr	1,05500Cr
Per Share Items
Net EPS - Basic	77.38	204.49	187.34	351.6	542.16
Basic EPS - Continuing Operations	77.38	204.49	187.34	351.6	542.16
Basic Weighted Average Shares Outstanding	209.1Cr	205.63Cr	200.95Cr	197.9Cr	194.64Cr
Net EPS - Diluted	77.32	204.43	187.33	351.59	542.16
Diluted EPS - Continuing Operations	77.32	204.43	187.33	351.59	542.16
Diluted Weighted Average Shares Outstanding	209.25Cr	205.69Cr	200.95Cr	197.9Cr	194.64Cr
Normalized Basic EPS	93.2	189.08	197.3	291.45	565.67
Normalized Diluted EPS	93.13	189.03	197.3	291.45	565.67
Dividend Per Share	66.67	85	100	123	172
Payout Ratio	99.15	36.05	51.01	31.49	26.65
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	47TCr	80TCr	99TCr	1,26900Cr	2,10700Cr
EBITA	39TCr	71TCr	88TCr	1,14100Cr	1,96000Cr
EBIT	34TCr	65TCr	80TCr	1,05800Cr	1,87200Cr
Effective Tax Rate - (Ratio)	33.45	25.95	33.95	18.32	27.34
Normalized Net Income	19TCr	39TCr	40TCr	58TCr	1,10100Cr
Non-Cash Pension Expense	688.4Cr	707.4Cr	323.5Cr	598.3Cr	427.7Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Total Other Investments	18,74300Cr	19,29200Cr	18,49100Cr	20,68200Cr	19,56300Cr
Total investments	18,74300Cr	19,29200Cr	18,49100Cr	20,68200Cr	19,56300Cr
Cash And Equivalents	81TCr	85TCr	87TCr	90TCr	1,07100Cr
Other Receivables - (Insurance Template)	3,00400Cr	3,63900Cr	4,44000Cr	5,14400Cr	6,19200Cr
Net Property Plant And Equipment	33TCr	34TCr	40TCr	40TCr	56TCr
Goodwill	49TCr	45TCr	43TCr	37TCr	32TCr
Other Intangibles, Total	57TCr	63TCr	74TCr	78TCr	84TCr
Restricted Cash	237.8Cr	-	800Cr	70L	70L
Deferred Tax Assets Long-Term (Collected)	3.72TCr	4.63TCr	7.78TCr	4.65TCr	11TCr
Other Long-Term Assets, Total	1,77700Cr	1,99200Cr	2,24600Cr	2,27600Cr	2,57900Cr
Total Assets	25,76500Cr	27,24600Cr	27,70000Cr	30,59500Cr	31,23700Cr
Liabilities
Accrued Expenses, Total	7.52TCr	8.59TCr	9.76TCr	11TCr	14TCr
Insurance And Annuity Liabilities	14,86300Cr	15,63600Cr	16,52100Cr	17,29100Cr	17,76700Cr
Unpaid Claims	3,15700Cr	3,61000Cr	4,28700Cr	4,74000Cr	5,41200Cr
Current Portion of Long-Term Debt	3.1TCr	6.61TCr	-	4.25TCr	5.83TCr
Short-Term Borrowings	2.58TCr	2.36TCr	3.05TCr	3.62TCr	5.23TCr
Long-Term Debt	1,95100Cr	1,56600Cr	96TCr	86TCr	44TCr
Pension & Other Post Retirement Benefits	25TCr	26TCr	26TCr	24TCr	22TCr
Deferred Tax Liability Non-Current	32TCr	26TCr	14TCr	38TCr	10TCr
Other Non Current Liabilities	1,36400Cr	1,66200Cr	1,75000Cr	1,71700Cr	1,94200Cr
Total Liabilities	22,04300Cr	23,17300Cr	24,04200Cr	25,41200Cr	26,13400Cr
Common Stock, Total	15TCr	15TCr	15TCr	15TCr	15TCr
Retained Earnings	1,78900Cr	1,95400Cr	2,04200Cr	2,37900Cr	2,92600Cr
Treasury Stock	-2.32TCr	-1.32TCr	-2.81TCr	-1.42TCr	-5.36TCr
Comprehensive Income and Other	1,75100Cr	1,92900Cr	1,46700Cr	2,66200Cr	2,05500Cr
Total Common Equity	3,66600Cr	4,02100Cr	3,63100Cr	5,17700Cr	5,07700Cr
Minority Interest	5.64TCr	5.19TCr	2.67TCr	670.4Cr	2.67TCr
Total Equity	3,72300Cr	4,07300Cr	3,65800Cr	5,18300Cr	5,10400Cr
Total Liabilities And Equity	25,76500Cr	27,24600Cr	27,70000Cr	30,59500Cr	31,23700Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	208.01Cr	203Cr	199.11Cr	197.28Cr	192.28Cr
ECS Total Common Shares Outstanding	207.98Cr	203.58Cr	199.11Cr	197.28Cr	192.28Cr
Book Value / Share	1.76T	1.97T	1.82T	2.62T	2.64T
Tangible Book Value	2,61100Cr	2,93800Cr	2,46500Cr	4,02600Cr	3,91900Cr
Tangible Book Value Per Share	1.26T	1.44T	1.24T	2.04T	2.04T
Total Debt	2,00800Cr	1,65600Cr	99TCr	93TCr	55TCr
Net Debt	1,19600Cr	81TCr	12TCr	3.69TCr	-53TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	25TCr	25TCr	25TCr	23TCr	21TCr
Minority Interest, Total (Incl. Fin. Div)	5.64TCr	5.19TCr	2.67TCr	670.4Cr	2.67TCr
Full Time Employees	43.26T	43.05T	43.22T	43.87T	51.44T

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	24TCr	55TCr	53TCr	82TCr	1,45000Cr
Depreciation, Depletion & Amortization	8.09TCr	8.98TCr	11TCr	13TCr	15TCr
Amortization of Goodwill and Intangible Assets - (CF)	5.16TCr	6.19TCr	7.89TCr	8.26TCr	8.81TCr
Total Depreciation, Depletion & Amortization	13TCr	15TCr	19TCr	21TCr	24TCr
(Gain) Loss On Sale of Asset - (CF)	276.1Cr	16Cr	52Cr	1.09TCr	217.1Cr
(Gain) Loss on Sale of Investments - (CF)	-7.77TCr	-12TCr	-12TCr	-26TCr	-69TCr
(Income) Loss On Equity Investments - (CF)	1.01TCr	303.4Cr	10TCr	-924.1Cr	-141.3Cr
Change in insurance Reserves / Liabilities	1,00500Cr	77TCr	83TCr	81TCr	51TCr
Change in Other Net Operating Assets (Collected)	-3.93TCr	-856.6Cr	-26TCr	-28TCr	6TCr
Other Operating Activities	-9.86TCr	-25TCr	-26TCr	-23TCr	-22TCr
Cash from Operations	1,17800Cr	1,10200Cr	1,00800Cr	1,07200Cr	1,34500Cr
Capital Expenditure	-2.62TCr	-2.9TCr	-2.49TCr	-2.07TCr	-2.61TCr
Sale of Property, Plant, and Equipment	268Cr	524Cr	1.88TCr	1.53TCr	1.4TCr
Investment in Marketable and Equity Securities, Total	-31TCr	-21TCr	63TCr	-691.8Cr	1,16800Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-19TCr	-21TCr	-30TCr	-19TCr	-19TCr
Other Investing Activities, Total	-21TCr	-22TCr	-30TCr	-43TCr	-80TCr
Cash from Investing	-73TCr	-67TCr	1.82TCr	-63TCr	16TCr
Long-Term Debt Issued, Total	-	-	221.8Cr	-	3.7TCr
Total Debt Issued	-	-	221.8Cr	-	3.7TCr
Short Term Debt Repaid, Total	-10L	-10L	-10L	-10L	-10L
Long-Term Debt Repaid, Total	-28TCr	-2.05TCr	-4.8Cr	-14TCr	-
Total Debt Repaid	-28TCr	-2.06TCr	-4.9Cr	-14TCr	-10L
Repurchase of Common Stock	-2.58TCr	-9.37TCr	-11TCr	-6.29TCr	-27TCr
Common Dividends Paid	-16TCr	-15TCr	-19TCr	-22TCr	-28TCr
Common & Preferred Stock Dividends Paid	-16TCr	-15TCr	-19TCr	-22TCr	-28TCr
Other Financing Activities, Total	-5.15TCr	-24TCr	-71TCr	1.28TCr	-68TCr
Cash from Financing	-51TCr	-50TCr	-1,00900Cr	-41TCr	-1,18800Cr
Foreign Exchange Rate Adjustments	-3.31TCr	5.97TCr	5.66TCr	6.33TCr	6.16TCr
Miscellaneous Cash Flow Adjustments	274.8Cr	-429.5Cr	10L	-10L	10L
Net Change in Cash	-9.65TCr	-1.25TCr	7.32TCr	10TCr	38TCr
Supplemental Items
Cash Interest Paid	1.27TCr	878.8Cr	1.28TCr	2.74TCr	2.67TCr
Cash Income Tax Paid (Refund)	10TCr	22TCr	23TCr	14TCr	19TCr
Net Debt Issued / Repaid	-28TCr	-2.06TCr	216.9Cr	-14TCr	3.7TCr
Levered Free Cash Flow	47TCr	73TCr	1,10900Cr	85TCr	1,03600Cr
Unlevered Free Cash Flow	48TCr	74TCr	1,11800Cr	87TCr	1,05300Cr
Change In Net Working Capital	-16TCr	-21TCr	-45TCr	-1.41TCr	33TCr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.83	1.52	1.82	2.27	3.78
Return on Total Capital	3.68	7.05	9.64	12.28	19.88
Return On Equity %	4.53	10.53	9.05	15.19	20.49
Return on Common Equity	4.6	10.94	9.84	15.8	20.58
Margin Analysis
Gross Profit Margin %	22.97	28.38	29.54	31.64	41.18
SG&A Margin	16.58	17.16	17.15	17.07	17.56
EBITDA Margin %	8.69	13.65	14.98	17.25	26.39
EBITA Margin %	7.21	12.12	13.28	15.51	24.55
EBIT Margin %	6.26	11.06	12.09	14.39	23.45
Income From Continuing Operations Margin %	2.98	7.02	5.28	9.13	13.2
Net Income Margin %	2.98	7.2	5.68	9.46	13.22
Net Avail. For Common Margin %	2.98	7.2	5.68	9.46	13.22
Normalized Net Income Margin	3.59	6.65	5.99	7.84	13.79
Levered Free Cash Flow Margin	8.61	12.51	16.75	11.55	12.98
Unlevered Free Cash Flow Margin	8.74	12.6	16.88	11.77	13.19
Asset Turnover
Asset Turnover	0.21	0.22	0.24	0.25	0.26
Fixed Assets Turnover	16.73	17.2	17.79	18.4	16.6
Short Term Liquidity
Current Ratio	0.67	0.66	0.62	0.65	0.78
Quick Ratio	0.67	0.66	0.62	0.65	0.78
Operating Cash Flow to Current Liabilities	0.36	0.29	0.23	0.22	0.24
Average Days Payable Outstanding	268.28	295.13	308.87	328.59	394.62
Long Term Solvency
Total Debt/Equity	53.93	40.66	27.15	18.02	10.69
Total Debt / Total Capital	35.04	28.91	21.35	15.26	9.66
LT Debt/Equity	52.4	38.46	26.31	16.5	8.53
Long-Term Debt / Total Capital	34.04	27.34	20.7	13.98	7.7
Total Liabilities / Total Assets	85.55	85.05	86.79	83.06	83.66
EBIT / Interest Expense	29.67	76.94	57.38	40.69	69.52
EBITDA / Interest Expense	41.24	95	71.1	48.78	78.25
(EBITDA - Capex) / Interest Expense	38.95	91.54	69.32	47.98	77.28
Total Debt / EBITDA	4.25	2.08	1	0.74	0.26
Net Debt / EBITDA	2.53	1.01	0.12	0.03	-0.25
Total Debt / (EBITDA - Capex)	4.5	2.15	1.03	0.75	0.26
Net Debt / (EBITDA - Capex)	2.68	1.05	0.13	0.03	-0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.01	7.54	13.35	11.04	8.53
Gross Profit, 1 Yr. Growth %	-6.69	32.88	17.98	18.91	41.28
EBITDA, 1 Yr. Growth %	-13.01	68.89	24.35	27.89	66.04
EBITA, 1 Yr. Growth %	-18.8	80.87	24.22	29.71	71.77
EBIT, 1 Yr. Growth %	-22.48	90.09	23.92	32.17	76.86
Earnings From Cont. Operations, 1 Yr. Growth %	-38.19	153.6	-14.81	92.01	56.97
Net Income, 1 Yr. Growth %	-37.71	159.88	-10.47	84.84	51.66
Normalized Net Income, 1 Yr. Growth %	-23.8	99.52	1.97	45.48	90.89
Diluted EPS Before Extra, 1 Yr. Growth %	-37.21	164.38	-8.36	87.68	54.2
Net Property, Plant and Equip., 1 Yr. Growth %	6.12	3.05	15.99	-0.06	40.66
Total Assets, 1 Yr. Growth %	2.02	5.75	1.67	10.45	2.1
Common Equity, 1 Yr. Growth %	8.64	9.66	-9.69	42.56	-1.93
Tangible Book Value, 1 Yr. Growth %	14.87	12.51	-16.09	63.31	-2.66
Cash From Operations, 1 Yr. Growth %	18.07	-6.42	-8.59	6.41	25.46
Capital Expenditures, 1 Yr. Growth %	6.13	10.78	-14.36	-16.7	26.18
Levered Free Cash Flow, 1 Yr. Growth %	-21.09	56.24	51.73	-23.45	21.99
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.45	54.99	51.83	-22.59	21.64
Dividend Per Share, 1 Yr. Growth %	5.26	27.5	17.65	23	39.84
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.07	3.7	10.4	12.19	9.78
Gross Profit, 2 Yr. CAGR %	-4.11	11.35	25.21	18.45	29.61
EBITDA, 2 Yr. CAGR %	-10.53	21.21	44.92	26.11	45.72
EBITA, 2 Yr. CAGR %	-14.09	21.19	49.89	26.93	49.26
EBIT, 2 Yr. CAGR %	-16.8	21.39	53.48	27.98	52.89
Earnings From Cont. Operations, 2 Yr. CAGR %	-23.39	25.2	46.98	27.89	73.61
Net Income, 2 Yr. CAGR %	-23.24	27.23	52.53	28.64	67.43
Normalized Net Income, 2 Yr. CAGR %	-16.71	23.3	42.64	21.8	66.65
Diluted EPS Before Extra, 2 Yr. CAGR %	-22.14	28.84	55.65	31.14	70.12
Net Property, Plant and Equip., 2 Yr. CAGR %	6.8	4.57	9.33	7.67	18.57
Total Assets, 2 Yr. CAGR %	6.94	3.87	3.69	5.97	6.19
Common Equity, 2 Yr. CAGR %	1.25	9.15	-0.48	13.47	18.24
Tangible Book Value, 2 Yr. CAGR %	-3.58	13.68	-2.84	17.06	26.08
Cash From Operations, 2 Yr. CAGR %	11.62	5.11	-7.51	-1.38	15.54
Capital Expenditures, 2 Yr. CAGR %	4.73	8.43	-2.6	-15.54	2.52
Levered Free Cash Flow, 2 Yr. CAGR %	29.57	11.04	53.97	7.77	-3.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.14	10.34	53.4	8.41	-2.97
Dividend Per Share, 2 Yr. CAGR %	5.41	15.85	22.47	20.29	31.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.35	2.4	6.82	10.62	10.96
Gross Profit, 3 Yr. CAGR %	-0.56	6.9	13.52	23.08	25.62
EBITDA, 3 Yr. CAGR %	-3.05	10.57	22.25	39	38.22
EBITA, 3 Yr. CAGR %	-4.86	10.11	22.19	42.84	40.4
EBIT, 3 Yr. CAGR %	-5.95	9.58	22.23	46.02	42.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.32	14.18	10.12	60.68	36.93
Net Income, 3 Yr. CAGR %	-17.12	15.26	13.16	62.62	35.9
Normalized Net Income, 3 Yr. CAGR %	-6.83	11.44	15.74	43.58	41.48
Diluted EPS Before Extra, 3 Yr. CAGR %	-15.35	17.02	15.01	65.67	38.42
Net Property, Plant and Equip., 3 Yr. CAGR %	4.98	5.54	8.25	6.1	17.7
Total Assets, 3 Yr. CAGR %	3.96	6.54	3.13	5.89	4.66
Common Equity, 3 Yr. CAGR %	-1.25	3.98	2.47	12.19	8.08
Tangible Book Value, 3 Yr. CAGR %	-4.62	1.51	2.74	15.52	10.08
Cash From Operations, 3 Yr. CAGR %	8.74	5.25	0.33	-3.09	6.86
Capital Expenditures, 3 Yr. CAGR %	19.48	6.71	0.23	-7.55	-3.45
Levered Free Cash Flow, 3 Yr. CAGR %	-1.08	37.91	23.21	21.97	12.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.15	36.53	22.73	22.13	12.65
Dividend Per Share, 3 Yr. CAGR %	7.72	12.31	16.45	22.65	26.48
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.68	2.34	4.26	6.21	7.99
Gross Profit, 5 Yr. CAGR %	1.48	4.64	9.04	11.38	19.7
EBITDA, 5 Yr. CAGR %	-1.9	5.96	13.86	16.54	31.14
EBITA, 5 Yr. CAGR %	-3.93	7.07	14.11	16.55	32.37
EBIT, 5 Yr. CAGR %	-5.82	7.49	14.4	16.6	33.68
Earnings From Cont. Operations, 5 Yr. CAGR %	-8.76	8.29	4.08	19.48	32.11
Net Income, 5 Yr. CAGR %	-8.66	8.95	5.78	20.44	32.36
Normalized Net Income, 5 Yr. CAGR %	-7.36	7.47	10.47	15.48	33.91
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.19	11.05	8	22.48	34.51
Net Property, Plant and Equip., 5 Yr. CAGR %	3.81	3.56	6.7	6.38	12.26
Total Assets, 5 Yr. CAGR %	3.35	3.8	3.85	6.31	4.34
Common Equity, 5 Yr. CAGR %	1.01	2.55	-0.95	7.67	8.51
Tangible Book Value, 5 Yr. CAGR %	1.16	1.98	-3.91	7.46	11.5
Cash From Operations, 5 Yr. CAGR %	6.14	3.2	1.92	2.55	6.16
Capital Expenditures, 5 Yr. CAGR %	13.99	2.75	10.1	-2.82	1.14
Levered Free Cash Flow, 5 Yr. CAGR %	-10.69	7.67	18.07	24.96	11.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.52	7.5	17.85	24.5	11.72
Dividend Per Share, 5 Yr. CAGR %	12.7	12.74	13.4	15.44	22.12