March 09, 2021

Tokio Marine Holdings, Inc.

President: Satoru Komiya

TSE code number: 8766

Solvency margin ratio on a consolidated basis as of December 31, 2020

Solvency margin ratio on a consolidated basis (sufficiency of solvency of insurance holding company and its subsidiaries, etc. to fulfill payment obligations such as insurance claims) of Tokio Marine Holdings, Inc. as of December 31, 2020 is as follows.

(Yen in millions)

As of March 31, 2020

As of December 31, 2020

(A) Total amount of solvency margin

Shareholders' equity less adjusting items Reserve for price fluctuation Contingency reserve Catastrophe loss reserve

General allowance for doubtful accounts

Unrealized gains (losses) on available-for-sale securities and deferred gains (losses) on hedge transactions before tax effect deductions

Unrealized gains (losses) on land

Total amount of unrecognized actuarial difference and unrecognized prior service costs before tax effect deductions

Excess of premium reserve, etc. Subordinated debt, etc.

Amounts within "Excess of premium reserve, etc." and "Subordinated debt, etc." not calculated into the margin

Total margin of Small Amount and Short Term Insurers Deductions

Others

5,064,907

5,692,790

891,439

1,023,713

118,071

125,448

57,854

59,423

972,525

1,023,271

1,973

3,052

1,838,462

2,240,754

250,588

262,678

(14,213)

(11,046)

312,273

305,462

300,000

300,000

-

-

299

377

178,267

155,604

513,898

515,258

(B) Total amount of risks

R₁²R₂² + R₃ + R₄ ² + (R₅ + R₆ + R₇)² + R₈ + R₉

General insurance risk on non-life insurance contracts (R1 Life insurance risk (R2

Third sector insurance risk (R3

Insurance risk of Small Amount and Short Term Insurers (R4 Assumed interest rate risk (R5

Minimum guarantee risk on life insurance contracts (R6 Asset management risk (R7

Business administration risk (R8

Catastrophe risk on non-life insurance contracts (R9

1,197,647

1,232,912

367,085

368,843

31,391

31,057

43,714

44,835

9

9

24,747

24,420

2,501

2,246

765,263

805,589

30,178

30,979

274,192

271,949

(C) Solvency margin ratio on a consolidated basis [(A)/{(B)×1/2}]×100

845.8%

923.4%

(Note) 1. "Solvency margin ratio on a consolidated basis" is calculated in accordance with Article 210-11-3 and 210-11-4 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No.23 issued by the Financial Services Agency in 2011. The ratio is one of the objective indicators used by the regulatory authority to supervise corporate groups headed by an insurance holding company. A ratio exceeding 200% indicates sufficient solvency to fulfill payment obligations such as insurance claims.

2. Solvency margin ratio as of December 31, 2020 is calculated partially based on data as of September 30, 2020.

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Tokio Marine Holdings Inc. published this content on 09 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2021 07:04:05 UTC.