Tokio Marine Holdings Inc (OTCPK:TKOMF)
$ 33.18 -2.82 (-7.83%) Market Cap: 69.71 Bil Enterprise Value: 63.56 Bil PE Ratio: 8.11 PB Ratio: 1.87 GF Score: 74/100
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Full Year 2020 Tokio Marine Holdings Inc Earnings Call Transcript

May 20, 2020 / NTS GMT
Release Date Price: $15.73
Taizou Ishiguro
Tokio Marine Holdings, Inc. - Group Leader of Corporate Communications & IR Group

Thank you very much for your attendance today.

I am Ishiguro from IR group. Let us now begin the conference call on Tokio Marine Holdings' FY 2019 financial results that we announced today. Now with that, I would like to walk you through the highlights of our financial results. Please turn to Page 3.

Let me start with the top line result in FY '19. After deducting the impact of the sales of TMR reinsurance business, our underlying net premiums written increased by 4.1% year-on-year. To break this down: The domestic nonlife business grew across all the lines of business, especially in the fire line of business. And the top line grew by 3.7% over the year outside Japan. Despite a decline caused by the underwriting practice focused on profitability, each business offset the decline through underwriting expansion and rate increases. And because Safety in Thailand was newly consolidated to our book, international top line grew by 4.8%. As for life insurance due to the impacts of sales

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