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Earnings Call Summary | Tokio Marine Holdings (ADR)(TKOMY.US) Q4 2024 Earnings Conference

Futu News ·  May 21 17:04  · Conference Call

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.

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