Tokio Marine Holdings, Inc. (the "Company") has revised its FY2011 business forecasts for the fiscal year ending March 31, 2012 ("FY2011") for the Tokio Marine Group (the "Group"), originally announced on May 19, 2011, to reflect the Group's recent business performance. The Company has revised the Group's total adjusted earnings forecast for FY2011 downward by 112.0 billion yen to 16.0 billion yen.
In the domestic property and casualty insurance business segment, the Company has revised its original forecast downward by 14.0 billion yen to 21.0 billion yen, as expected insurance payments owing to typhoons are projected to exceed the expected gains owing to the appreciation of the yen against other currencies, which has contributed to a reduction in the yen amounts needed to be set aside as reserves.
In the domestic life insurance business segment, the Company has revised its original forecast downward by 14.0 billion yen to 24.0 billion yen, owing to deterioration in domestic and overseas financial markets.
In the overseas insurance business segment, the Company has revised its original forecast downward by 83.0 billion yen to an adjusted loss of 31.0 billion yen, owing to tornadoes and hurricane Irene in the United States, flooding in Thailand.
With respect to its financial and other businesses segment, the Company has revised its original forecast downward by 1.0 billion yen to 2.0 billion yen.
Business performance indices for major business segments
1. Domestic property and casualty insurance business
Indices for Tokio Marine & Nichido and Nisshin Fire are as follows:
2. Domestic life insurance business
Indices for Tokio Marine & Nichido Life and Tokio Marine & Nichido Financial Life are as follows:
3. Overseas insurance business
Indices for the overseas insurance business are as follows:
The business forecasts described above are based on information available to the Company as of the date of this document. Actual results may materially differ from the forecasts.