Mid-Term Business Plan (Released in May 2021)

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, "Mid-Term Business Plan 2023 ～Adapt, Lead, Innovate～", which commenced in FY2021.

May 27, 2021
FY2021 IR Conference

Material

Tokio Tokio Marine Group Business StrategyPDF

Mid-Term Business Plan 2023 ～Adapt, Lead, Innovate～

Strategic Direction of MTP

To realize our long-term vision, enhance capabilities through business model reform and improving profitability of the insurance business

Long-term vision: A global insurance group that delivers sustainable growth by providing safety and security to customers worldwide - Our timeless endeavor to be a Good Company - Our aspirations for the long-term vision Win-Win situation with Stakeholders. Glocal X Synergy. Growth and stable high profit (Medium - to long - term target of over \500.0bn adjusted net income / around 12% adjusted ROE) 2+1 Growth Strategy. New Markets X New Approach: Precisely respond to the quickly changing customer needs and implement products/services and channel strategies reflecting the market. Enhance profitability of insurance business: Acknowledge issues including intensified natural catastrophes and low interest rates while utilizing business opportunities presented by hardening of premiums and digitalization to enhance profitability of insurance business. + Business investment for the next growth stage. Business Platform Technology - Mission Driven - ERM - Risk Culture - . Human Resources: Expert talent development Global talent/management development Diversity & Inclusion. Group Integrated Management: Sharing of best practice Synergy inducing system Global management framework. Corporate Culture: To Be a Good Company Resolution of issues for society/customers Robust and agile organization.

MTP (Target KPIs)

Steadily implement strategy to achieve medium- to long-term target

  • *1: Based on new definition (natural disasters normalized to an average annual level, excluding impact of COVID-19 and FX) to be applied to new MTP.
    Based on the previous definition applied to previous MTP, adjusted net income is ¥431.1bn (+5.0% CAGR) and adjusted ROE is 13.1%.
  • *2: Payout ratio is on the five-year average adjusted net income. Based on original projections.
  • *3: Payout ratio of global peers is currently circa 50%.
  • *4: Set maximum amount (threshold) for small- to medium-sized business investment and capital level adjustment (FY2021 budget is ¥100.0bn)
  • *5: Plotted top 30 companies in terms of market cap mainly engaged in non-life insurance business
  • *6: FX and market cap as of April 20, 2021
  • *7: 2018-2020 average. Adjusted net income based on company disclosure for domestic non-life including TMHD. Others are based on financial accounting (IFRS, USGAAP, etc.)

Recommended Contents