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

Q2 2024 Tokio Marine Holdings Inc Earnings Call Transcript

Nov 17, 2023 / NTS GMT
Release Date Price: $23.92 (+5.14%)
Satoru Komiya
Tokio Marine Holdings, Inc. - President, Group CEO, MD, Group Chief Culture Officer & Representative Director

Hello, and good evening, everyone. This is Komiya speaking. I thank you for sparing your time with us this evening despite your busy schedule. I'd also like to appreciate your continuous understanding and support you extend towards Tokio Marine. First of all, I would like to explain about the earnings highlights and messages from the management based on such highlights.

Please turn to Page 3. There are mainly 3 points I would like to convey to you today. First is the continued strong performances. Looking at the most recent earnings, although we are impacted by natural catastrophes and capital loss in North America, underlying profit, excluding one-off effects continues to perform well, especially by key overseas entities. In fact, full year projections on a normalized basis, excluding one-off effects, is revised upward by JPY 5 billion to the JPY 675 billion, and that would make year-on-year 9% growth.

Second point is on shareholder return. As I have been saying,

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