Tokio Marine Holdings Inc (OTCPK:TKOMF)
$ 39.96 0.5 (1.27%) Market Cap: 72.39 Bil Enterprise Value: 65.97 Bil PE Ratio: 9.77 PB Ratio: 2.01 GF Score: 74/100
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Q2 2021 Tokio Marine Holdings Inc Earnings Call Transcript

Nov 19, 2020 / 09:00AM GMT
Release Date Price: $16.68
Taizou Ishiguro
Tokio Marine Holdings, Inc. - Group Leader of Corporate Communications & IR Group

Thank you all for joining us. I am Ishiguro of IR Group. I would now like to begin Tokio Marine Holdings' earnings call for fiscal year 2020 second quarter results, which we announced today.

Now I would like to share with you the highlights of our performance from Page 3 of the presentation material. First, top line or net premiums written. In the second quarter, our top line grew by 0.1% year-on-year or by 4.4%, excluding the currency impact. To break this down in more detail, top line of domestic non-life business declined by 1.6% over the year, mainly because CALI premiums were lowered.

In the international business, while there was a negative impact from stronger Japanese yen that was more than offset by execution of overseas growth strategies, including new consolidation of Pure Group as well as rate increases and top line increased by 3.8% year-on-year. As for full year projections on top line, we made a slight upward revision to domestic non-life business from our August

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