Tokio Marine : Solvency margin ratio on a consolidated basis as of December 31, 2021 (97KB)PDF
March 10, 2022 at 01:13 am EST
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March 10, 2022
Tokio Marine Holdings, Inc.
President: Satoru Komiya
TSE code number: 8766
Solvency margin ratio on a consolidated basis as of December 31, 2021
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, 2021 is as follows.
(Yen in millions)
As of March 31, 2021
As of December 31, 2021
(A) Total amount of solvency margin
5,828,058
6,091,946
Shareholders' equity less adjusting items
955,539
1,186,389
Reserve for price fluctuation
128,006
135,692
Contingency reserve
59,927
60,771
Catastrophe loss reserve
1,041,989
1,102,155
General allowance for doubtful accounts
2,964
2,716
Unrealized gains (losses) on available-for-sale securities and deferred gains (losses)
2,447,869
2,405,169
on hedge transactions before tax effect deductions
Unrealized gains (losses) on land
263,397
260,302
Total amount of unrecognized actuarial difference and unrecognized prior service costs
(19,187)
(16,971)
before tax effect deductions
Excess of premium reserve, etc.
302,741
296,676
Subordinated debt, etc.
300,000
300,000
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
406
429
Deductions
145,434
163,352
Others
489,837
521,967
(B) Total amount of risks
R₁²＋R₂² + R₃ + R₄ ² + (R₅ + R₆ + R₇)² + R₈ + R₉
1,300,045
1,381,683
General insurance risk on non-life insurance contracts （Ｒ1）
374,354
393,650
Life insurance risk （Ｒ2）
31,951
33,195
Third sector insurance risk （Ｒ3）
44,779
48,439
Insurance risk of Small Amount and Short Term Insurers （Ｒ4）
10
10
Assumed interest rate risk （Ｒ5）
23,209
22,623
Minimum guarantee risk on life insurance contracts （Ｒ6）
2,206
2,183
Asset management risk （Ｒ7）
880,380
928,320
Business administration risk （Ｒ8）
32,515
34,487
Catastrophe risk on non-life insurance contracts （Ｒ9）
268,884
295,938
(C) Solvency margin ratio on a consolidated basis [(A)/{(B)×1/2}]×100
896.5%
881.8%
(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, 2021 is calculated partially based on data as of September 30, 2021.
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Tokio Marine Holdings Inc. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 06:12:01 UTC.
Tokio Marine Holdings, Inc. is a holding company organized around 3 areas of activity:
- non life insurance (50.3% of net sales);
- life insurance (14.2%);
- other (1.2%): primarily financial services.
The remaining sales (34.3%) concerns the international insurance activities.
TOKIO MARINE HOLDINGS, INC. 
