Tokio Marine : Solvency margin ratio on a consolidated basis as of March 31, 2022 (97KB)PDF

June 24, 2022

Tokio Marine Holdings, Inc.

President: Satoru Komiya

TSE code number: 8766

Solvency margin ratio on a consolidated basis as of March 31, 2022

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 March 31, 2022 is as follows.

				(Yen in millions)
			As of March 31, 2021	As of March 31, 2022
(A) Total amount of solvency margin	5,828,058	5,953,649
	Shareholders' equity less adjusting items	955,539	1,129,262
	Reserve for price fluctuation	128,006	138,331
	Contingency reserve		59,927	61,869
	Catastrophe loss reserve	1,041,989	1,145,489
	General allowance for doubtful accounts	2,964	3,411
	Unrealized gains (losses) on available-for-sale securities and deferred gains (losses)	2,447,869	2,313,740
	on hedge transactions before tax effect deductions
	Unrealized gains (losses) on land	263,397	273,658
	Total amount of unrecognized actuarial difference and unrecognized prior service costs	(19,187)	(20,759)
	before tax effect deductions
	Excess of premium reserve, etc.	302,741	294,676
	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	628
	Deductions		145,434	159,990
	Others		489,837	473,330
(B) Total amount of risks	R₁²＋R₂² + R₃ + R₄ ² + (R₅ + R₆ + R₇)² + R₈ + R₉	1,300,045	1,439,272
	General insurance risk on non-life insurance contracts （Ｒ1）	374,354	411,122
	Life insurance risk （Ｒ2）	31,951	34,923
	Third sector insurance risk （Ｒ3）	44,779	51,776
	Insurance risk of Small Amount and Short Term Insurers （Ｒ4）	10	10
	Assumed interest rate risk （Ｒ5）	23,209	21,431
	Minimum guarantee risk on life insurance contracts （Ｒ6）	2,206	2,235
	Asset management risk （Ｒ7）	880,380	959,700
	Business administration risk （Ｒ8）	32,515	35,940
	Catastrophe risk on non-life insurance contracts （Ｒ9）	268,884	315,825
(C) Solvency margin ratio on a consolidated basis [(A)/{(B)×1/2}]×100	896.5%	827.3%

(Note) "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.