Tokio Marine : Supplemental Material for FY2020 (Business results for the year ended March 31, 2021)

Supplemental Material for FY2020

(Business results for the year ended March 31, 2021)

May 20, 2021

Tokio Marine Holdings, Inc.

(unit: billions of JPY, except for %)

■ Ordinary Income		FY2019	FY2020	YoY			FY2021	YoY
	Change	％		Projections	Change	％
	Total premiums (TMHD Consolidated)		4,580.2	4,561.5	- 18.7	- 0.4%		4,690.0	+ 128.4	+ 2.8%
	Net premiums written (TMHD Consolidated)		3,598.3	3,606.5	+ 8.1	+ 0.2%		3,760.0	+ 153.4	+ 4.3%
		Tokio Marine & Nichido	2,247.5	2,261.3	+ 13.8	+ 0.6%	2,262.0	+ 0.6	+ 0.0%
		Nisshin Fire	148.8	147.7	- 1.1	- 0.7%	146.5	- 1.2	- 0.8%
		Overseas subsidiaries	1,170.6	1,166.7	- 3.8	- 0.3%	1,313.0	+ 146.2	+ 12.5%

Life insurance premiums*1 (TMHD Consolidated)	981.9	954.9	- 26.9	- 2.7%	930.0	- 24.9	- 2.6%
Tokio Marine & Nichido Life	627.2	598.8	- 28.3	- 4.5%	552.0	- 46.8	- 7.8%
Overseas subsidiaries	354.9	356.4	+ 1.5	+ 0.4%	378.0	+ 21.5	+ 6.0%
■ Ordinary Profit	FY2019	FY2020	YoY		FY2021	YoY
		Projections
			Change	％	Change	％

	Ordinary profit (TMHD Consolidated)		363.9	266.7	- 97.2	- 26.7%		440.0	+ 173.2	+ 65.0%
			Tokio Marine & Nichido		223.9	157.2	- 66.6	- 29.8%		288.0	+ 130.7	+ 83.1%
			Nisshin Fire		5.7	23.5	+ 17.7	+ 307.2%		19.5	- 4.0	- 17.2%
			Tokio Marine & Nichido Life		50.3	67.5	+ 17.2	+ 34.2%		65.0	- 2.5	- 3.8%
			Overseas subsidiaries*2		217.0	163.4	- 53.6	- 24.7%		218.0	+ 54.5	+ 33.4%
			Financial and general*2		7.2	10.3	+ 3.0	+ 41.3%		8.0	- 2.3	- 22.4%
			Elimination of dividends received by TMNF from subsidiaries etc.		- 60.6	- 47.4	+ 13.1			- 55.6	- 8.1
			Purchase method adjustments (incl. amortization of other intangible fixed assets)		- 37.2	- 46.3	- 9.1			- 35.5	+ 10.8
			Amortization of goodwill/negative goodwill		- 49.1	- 56.5	- 7.3			- 64.8	- 8.3
			Others (Elimination, etc.)*3		6.6	- 5.0	- 11.6			- 2.4	+ 2.6
■ Net Income		FY2019	FY2020	YoY			FY2021	YoY
	Change	％		Projections	Change	％
	Net income attributable to owners of the parent (TMHD Consolidated)		259.7	161.8	- 97.9	- 37.7%		315.0	+ 153.1	+ 94.7%
			Tokio Marine & Nichido		169.9	109.3	- 60.5	- 35.6%		220.0	+ 110.6	+ 101.1%
			Nisshin Fire		3.7	17.0	+ 13.3	+ 354.5%		11.4	- 5.6	- 33.2%
			Tokio Marine & Nichido Life		34.2	46.4	+ 12.1	+ 35.6%		47.0	+ 0.5	+ 1.2%
			Overseas subsidiaries*2		176.8	130.7	- 46.1	- 26.1%		184.0	+ 53.2	+ 40.8%
			Financial and general*2		3.1	6.9	+ 3.8	+ 120.3%		5.5	- 1.4	- 21.4%
			Elimination of dividends received by TMNF from subsidiaries etc.		- 60.6	- 47.4	+ 13.1			- 55.6	- 8.1
			Purchase method adjustments (incl. amortization of other intangible fixed assets)		- 27.0	- 35.1	- 8.1			- 26.9	+ 8.1
			Amortization of goodwill/negative goodwill		- 49.1	- 55.6	- 6.4			- 64.0	- 8.4
			Others (Elimination, etc.)*3		8.5	- 10.5	- 19.0			- 6.1	+ 4.3

*1 "Life insurance premiums" are reconciled from accounting format of each company to that of non-life operations (after excluding surrender benefits, etc. basis). *2 Figures have been changed to exclude purchase method adjustments for amortization of intangible fixed assets and others.

*3 "Others" include figures of other group companies and consolidation adjustments.