Tokio Marine : Solvency margin ratio on a consolidated basis as of September 30, 2020PDF

December 18, 2020

Tokio Marine Holdings, Inc.

President: Satoru Komiya

TSE code number: 8766

Solvency margin ratio on a consolidated basis as of September 30, 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 September 30, 2020 is as follows.

					(Yen in millions)
				As of March 31, 2020	As of September 30, 2020
(A) Total amount of solvency margin		5,064,907	5,385,640
	Shareholders' equity less adjusting items		891,439	934,356
	Reserve for price fluctuation		118,071	123,002
	Contingency reserve			57,854	58,906
	Catastrophe loss reserve		972,525	1,016,527
	General allowance for doubtful accounts		1,973	3,504
	Unrealized gains (losses) on available-for-sale securities and deferred gains (losses)	1,838,462	2,003,589
	on hedge transactions before tax effect deductions
	Unrealized gains (losses) on land		250,588	263,336
	Total amount of unrecognized actuarial difference and unrecognized prior service costs	(14,213)	(11,855)
	before tax effect deductions
	Excess of premium reserve, etc.		312,273	307,785
	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		299	377
	Deductions			178,267	155,604
	Others			513,898	541,713
(B) Total amount of risks	R₁²＋R₂² R₃ R₄ ² R₅ R₆ R₇² R₈ R	₉	1,197,647	1,202,259
	General insurance risk on non-life insurance contracts （Ｒ1）		367,085	367,106
	Life insurance risk （Ｒ2）		31,391	31,013
	Third sector insurance risk （Ｒ3）		43,714	44,752
	Insurance risk of Small Amount and Short Term Insurers （Ｒ4）		9	9
	Assumed interest rate risk （Ｒ5）		24,747	24,528
	Minimum guarantee risk on life insurance contracts （Ｒ6）		2,501	2,323
	Asset management risk （Ｒ7）		765,263	772,962
	Business administration risk （Ｒ8）		30,178	30,288
	Catastrophe risk on non-life insurance contracts （Ｒ9）		274,192	271,738
(C) Solvency margin ratio on a consolidated basis [(A)/{(B)×1/2}]×100		845.8%	895.9%

(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.