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"
For outlook (update) of FY2020 target, please refer to FY2018 IR Conference for New Mid-Term Business Plan released in May. 25, 2018.
- Across The Group
- Domestic Non-Life
- Domestic Life
- International Insurance
The Mid-Term Business Plan “To Be a Good Company 2020”
Future Vision for the Group
In the insurance industry we are starting to experience an unprecedented rate of change such as social structure changes, serious natural disasters, and technology advancements. Even under these environment, we will take advantage of our strengths and turn the changes into opportunities.
If we are able to achieve the 4 key elements in the Future Group Vision, then we should be able to deliver double figure ROE and give greater returns to our shareholders. The 4 key elements can be captured in the following statement: Built on a ‘Global Business Platform’ we will have an ‘Optimum Portfolio’, ‘Strong Group Synergies’ and ‘Lean Management Structure’ that will create superior competitiveness.

Priorities of the Mid-Term Business Plan
The mid-term business plan represents a crucial step toward realizing the Group future vision.
In order to enhance our business platform towards the future and achieve sustainable growth, we have defined 3 priorities to be addressed; further diversification of portfolio, enhancement of business structure, and strengthening of aligned Group management.

KPIs of the Mid-Term Business Plan
Under the mid-term business plan, we will continue to enhance corporate value by advancing initiatives based on the 3 pillars of “sustainable profit growth,” “enhance capital efficiency,” and “enhance shareholder return.”
Through these initiatives, we are targeting an average annual growth rate of between 3% and 7% in adjusted net income and an adjusted ROE of over 10%. In terms of shareholders return, we plan to sustainably increase dividends in line with profit growth as well as gradually raise payout ratio to move us toward our Group future vision.

- *1: The market environment basis at the end of March 2018 (USD/JPY exchange rate: ¥106.24, Nikkei Stock Average: ¥21,454)
- *2: CAGR based on the FY2017 Results (Normalized basis*3) ¥372.0B
- *3: Adjusted net income: Nat-cat losses are normalized to an average annual level and excluding one time impact of U.S. Tax Reform Adjusted net assets: Adjusted the market condition (FX and stock price) to the same level as at the end of March 2018
Enterprise Risk Management (ERM)
We are implementing Enterprise Risk Management (ERM) as our business platform to achieve our mid-term business plan.
Specifically, we will work to achieve sustainable profit growth through the enhancement of our business structure and the fostering of Group synergies. The profits and capital generated in this manner will be dedicated to the efficient deployment of capital, which will entail maintaining financial soundness while further diversifying the portfolio and enhancing shareholder return, for example, as we seek to create the foundations for future growth.

- Across The Group
- Domestic Non-Life
- Domestic Life
- International Insurance