The following is a summary of the Tokio Marine Holdings, Inc. (TKOMY) Q4 2024 Earnings Call Transcript:
Financial Performance:
Tokio Marine reported an adjusted net income of JPY711.6 billion in FY '23, surpassing the full year projection and showing an 11% annual growth.
The company expects an adjusted net income of JPY1 trillion in FY '24, which is a 46% increase from the previous year, mainly due to sales of business-related equities.
Net premiums written increased by 8% YoY in FY '23, while life insurance premiums decreased by 2%.
Business Progress:
For FY '24, Tokio Marine initiated a new medium-term management plan aimed at world-class EPS growth and raising ROE to the level of global peers.
The company plans to sell half of its business-related equities within three years.
Tokio Marine plans to increase the dividend per Share for FY '23 and projects a DPS of JPY159 for FY '24, leading to a growth of 29%.
It also has plans for a share buyback of JPY200 billion in FY '24.
More details: Tokio Marine Holdings (ADR) IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.