Tokio Marine : Solvency margin ratio on a consolidated basis as of June 30, 2021 (82KB)PDF

September 10, 2021

Tokio Marine Holdings, Inc.

President: Satoru Komiya

TSE code number: 8766

Solvency margin ratio on a consolidated basis as of June 30, 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 June 30, 2021 is as follows.

					(Yen in millions)
				As of March 31, 2021	As of June 30, 2021
(A) Total amount of solvency margin		5,828,058	5,954,797
	Shareholders' equity less adjusting items		955,539	1,084,174
	Reserve for price fluctuation		128,006	130,586
	Contingency reserve			59,927	60,152
	Catastrophe loss reserve		1,041,989	1,058,873
	General allowance for doubtful accounts		2,964	2,963
	Unrealized gains (losses) on available-for-sale securities and deferred gains (losses)	2,447,869	2,368,005
	on hedge transactions before tax effect deductions
	Unrealized gains (losses) on land		263,397	263,692
	Total amount of unrecognized actuarial difference and unrecognized prior service costs	(19,187)	(18,302)
	before tax effect deductions
	Excess of premium reserve, etc.		302,741	300,498
	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	406
	Deductions			145,434	145,434
	Others			489,837	549,181
(B) Total amount of risks	R₁²＋R₂² R₃ R₄ ² R₅ R₆ R₇² R₈ R	₉	1,300,045	1,300,181
	General insurance risk on non-life insurance contracts （Ｒ1）		374,354	375,394
	Life insurance risk （Ｒ2）		31,951	31,941
	Third sector insurance risk （Ｒ3）		44,779	44,813
	Insurance risk of Small Amount and Short Term Insurers （Ｒ4）		10	10
	Assumed interest rate risk （Ｒ5）		23,209	22,820
	Minimum guarantee risk on life insurance contracts （Ｒ6）		2,206	2,203
	Asset management risk （Ｒ7）		880,380	872,492
	Business administration risk （Ｒ8）		32,515	32,514
	Catastrophe risk on non-life insurance contracts （Ｒ9）		268,884	276,071
(C) Solvency margin ratio on a consolidated basis [(A)/{(B)×1/2}]×100		896.5%	915.9%

(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 June 30, 2021 is calculated partially based on data as of March 31, 2021.