Tokio Marine : Solvency margin ratio on a consolidated basis as of December 31, 2020PDF
March 09, 2021 at 02:05 am EST
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March 09, 2021
Tokio Marine Holdings, Inc.
President: Satoru Komiya
TSE code number: 8766
Solvency margin ratio on a consolidated basis as of December 31, 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 December 31, 2020 is as follows.
(Yen in millions)
As of March 31, 2020
As of December 31, 2020
(A) Total amount of solvency margin
Shareholders' equity less adjusting items Reserve for price fluctuation Contingency reserve Catastrophe loss reserve
General allowance for doubtful accounts
Unrealized gains (losses) on available-for-sale securities and deferred gains (losses) on hedge transactions before tax effect deductions
Unrealized gains (losses) on land
Total amount of unrecognized actuarial difference and unrecognized prior service costs before tax effect deductions
Excess of premium reserve, etc. Subordinated debt, etc.
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 Deductions
Others
5,064,907
5,692,790
891,439
1,023,713
118,071
125,448
57,854
59,423
972,525
1,023,271
1,973
3,052
1,838,462
2,240,754
250,588
262,678
(14,213)
(11,046)
312,273
305,462
300,000
300,000
-
-
299
377
178,267
155,604
513,898
515,258
(B) Total amount of risks
R₁²+R₂² + R₃ + R₄ ² + (R₅ + R₆ + R₇)² + R₈ + R₉
General insurance risk on non-life insurance contracts (R1) Life insurance risk (R2)
Third sector insurance risk (R3)
Insurance risk of Small Amount and Short Term Insurers (R4) Assumed interest rate risk (R5)
Minimum guarantee risk on life insurance contracts (R6) Asset management risk (R7)
Business administration risk (R8)
Catastrophe risk on non-life insurance contracts (R9)
1,197,647
1,232,912
367,085
368,843
31,391
31,057
43,714
44,835
9
9
24,747
24,420
2,501
2,246
765,263
805,589
30,178
30,979
274,192
271,949
(C) Solvency margin ratio on a consolidated basis [(A)/{(B)×1/2}]×100
845.8%
923.4%
(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, 2020 is calculated partially based on data as of September 30, 2020.
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Tokio Marine Holdings Inc. published this content on 09 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2021 07:04:05 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.