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Corporate Strategy

Tokio Marine Group aims to be a global insurance group that delivers sustainable growth by providing safety and security to customers worldwide based on our corporate philosophy, "With customer trust as the foundation for all its activities".
We would like to introduce our Mid-Term Business Plan, "To Be a Good Company 2020", which commenced in FY2018.

May 25, 2018
IR Conference for New Mid-Term Business Plan, "To Be a Good Company 2020"

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Material

For outlook (update) of FY2020 target, please refer to FY2018 IR Conference for New Mid-Term Business Plan released in May. 25, 2018.

Domestic Non-Life

Tokio Marine & Nichido: Concepts of the Mid-Term Business Plan

As a core company of domestic non-life businesses, Tokio Marine & Nichido promotes three measures to enhance business structure and achieves “sustainable growth” and “stable profits generation“ through relentless pursuit of quality.

Three measures to enhance business structure 1 The best quality products / services (Develop attractive products & services) ・Change product portfolio through life and non-life cross-selling business model and regional revitalization and health & productivity management, etc. ・Advance products and services centering on strengthening R&D and utilizing technology 2 The best quality sales channel (Enhance quality and expand volume of sales channel) ・Increase sales productivity through enhancement of expertise and consulting ability of agents ・Expand new sales channel by business tie-up with market holders and promoting channel mix, etc. 3 The best quality business process (Enhance productivity through business process improvement) ・By utilizing new technologies and ceaseless operational streamlining, enhance productivity through a simple and speedy business process The best quality human resources (enhance expertise / develop global talents) Maximize the Group’s comprehensive capability Spreading Group culture “To Be a Good Company” throughout the organization

Main KPIs

Net Premiums Written (billions of yen) / 2017 2,144.7 / 2018 Projections 2,146.0 / 2020 Plans CAGR +1% or more
Business Unit Profits (billions of yen) Normalized basis*1 *1: Excluding FX effects, and net incurred losses relating to natural catastrophe losses are normalized to an average annual level / 2017 150.0 / 2018 Projections 155.0 / 2020 Plans / CAGR +1% or more*2 / *2:Including the impact of both consumption tax increase and the revision of law of obligation (approx. ¥-28B after-tax)
Combined Ratio (Private insurance :E/I basis) / Natural catastrophes normalized to an average annual basis / 2017 92.2% / 2018 Projections 91.3% / 2020 Plans approx. 92~93%*3 / *3:Including the impact of both consumption tax increase and the revision of law of obligation (approx. 2pt)