Tokio Marine GAAP EPS of ¥351.59, net premiums written of ¥4824.99B; initiates FY24 outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
0mins
Source: SeekingAlpha
- Financial Performance: Tokio Marine Holdings reported FY GAAP EPS of ¥351.59, with net premiums written increasing by 7.9% year over year.
- Operating Activities: Net cash provided by operating activities rose by ¥64.4 billion to ¥1,072.1 billion compared to the previous fiscal year.
- Cash Reserves: Cash and cash equivalents at the end of the year were ¥1,086.9 billion, showing an increase of ¥101.5 billion from the previous year.
- Consolidated Business Forecasts: For fiscal year 2024, the company forecasts ¥1,200.0 billion for Ordinary profit and ¥870.0 billion for net income attributable to owners of the parent.
- Future Projections: Net premiums written and life insurance premiums are projected to be ¥5,240.0 billion and ¥870.0 billion respectively in the upcoming fiscal year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
