Return to Shareholders

Tokio Marine Group's basic policy on shareholder returns is to increase dividend total continously in line with profit growth. Payout ratio is at or above 40% of the 5-year average adjusted net income, and we gradually increase the payout ratio (the original projection basis) to levels that are on par with global peers to achieve mid-term goal.

A budget forannual capital level adjustment is set to ensure greater transparency.

Dividend

Dividend per Share Trends

Fiscal year Dividend per Share (yen) Total amount of dividends to shareholders
(Billions of yen)
Interim Year-End Annual (Total)
2021 (Projection) *1 107.5 107.5 215 149.0
2020 100 100 200 139.1
2019 95 95 190 133.0
2018 90 90 180 128.0
2017 80 80 160 117.6
2016 67.5 72.5 140 105.3
2015 52.5 57.5 110 83.0
2014 40 55 95 72.2
2013 30 40 70 53.7
2012 27.5 27.5 55 42.2
    • *1 Before reflecting share buybacks.
    • *2 Regarding "Dividend per Share", a one to five hundred common stock split on September 30, 2006 has been taken into consideration in retroactive adjustments.

Share Buybacks, etc

Trends of Adjustment of Capital Level (Share Buybacks, etc)

(Total amount approved by the announcement date of 4Q results of respective years/ Billions of yen)
Fiscal year Adjustment of Capital Level (Share Buybacks, etc)
2021 (Projection) *1 100.0
2020 50.0
2019 50.0
2018 125.0
2017 150.0
2016 50.0
2015 -
2014 50.0
2013 -
2012 -

*1  FY2021 (projection) is the total amount of small- to medium-sized business investment and capital level adjustment (guideline).

Regarding details on shareholder returns, please refer to FY2021 IR Conference material of "Tokio Marine Group's Business Strategy"

Trends of the Cancellation of Shares held the Company

Fiscal year Number of shares to be cancelled Number of issued shares (including treasury shares) after the cancellation
2020 -4,500,000 697,500,000
2019 -8,000,000 702,000,000
2018 -38,024,375 710,000,000
2017 -5,000,000 748,024,375
2016 -4,500,000 753,024,375
2015 757,524,375
2014 -12,000,000 757,524,375
2013 769,524,375
2012 -35,000,000 769,524,375
2011 804,524,375