Tokio Marine Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Premiums & Annuity Revenue	6,221,859	5,936,141	5,917,356	5,592,116	4,947,203	4,626,628
Total Interest & Dividend Income	956,976	864,846	879,976	696,380	589,538	496,585
Gain (Loss) on Sale of Investments	652,933	997,984	376,812	187,746	172,039	183,189
Other Revenue	599,246	182,549	179,847	146,290	133,914	126,892
Total Revenue	8,431,014	7,981,520	7,353,991	6,622,532	5,842,694	5,433,294
Revenue Growth (YoY)	7.05%	8.53%	11.04%	13.35%	7.54%	-0.01%
Policy Benefits	4,239,668	3,672,385	4,071,142	3,810,847	3,430,157	3,482,290
Policy Acquisition & Underwriting Costs	1,077,379	1,022,356	956,357	855,236	754,302	703,107
Selling, General & Administrative	1,593,788	1,401,394	1,255,677	1,135,646	1,002,477	900,956
Provision for Bad Debts	4,119	2,297	5,212	12,040	410	1,067
Other Operating Expenses	49,777	11,526	7,357	8,088	9,215	5,958
Total Operating Expenses	6,964,731	6,109,958	6,295,745	5,821,857	5,196,561	5,093,378
Operating Income	1,466,283	1,871,562	1,058,246	800,675	646,133	339,916
Interest Expense	-24,740	-26,922	-26,009	-13,953	-8,398	-11,455
Earnings From Equity Investments	-	-	-	-104,887	-3,034	-10,074
Other Non Operating Income (Expenses)	1,773	-85,449	-148,586	-90,391	-28,717	-6,535
EBT Excluding Unusual Items	1,443,316	1,759,191	883,651	591,444	605,984	311,852
Gain (Loss) on Sale of Investments	-	-299,184	-41,075	-87,538	-38,571	-45,118
Gain (Loss) on Sale of Assets	7,455	-110	-2,514	3,224	96	-2,015
Asset Writedown	-3,403	-2,566	-8,702	-3,740	-764	-746
Other Unusual Items	-11,946	-7,059	-9,499	25,967	-12,473	-20,800
Pretax Income	1,435,422	1,450,272	821,861	529,357	554,272	243,173
Income Tax Expense	371,748	396,529	150,550	179,727	143,858	81,337
Earnings From Continuing Ops.	1,063,674	1,053,743	671,311	349,630	410,414	161,836
Minority Interest in Earnings	-4,336	1,533	24,497	26,817	10,070	-35
Net Income	1,059,338	1,055,276	695,808	376,447	420,484	161,801
Net Income to Common	1,059,338	1,055,276	695,808	376,447	420,484	161,801
Net Income Growth	-1.32%	51.66%	84.84%	-10.47%	159.88%	-37.71%
Shares Outstanding (Basic)	1,914	1,946	1,979	2,009	2,056	2,091
Shares Outstanding (Diluted)	1,914	1,946	1,979	2,009	2,057	2,093
Shares Change (YoY)	-2.25%	-1.65%	-1.52%	-2.30%	-1.70%	-0.80%
EPS (Basic)	553.45	542.16	351.60	187.34	204.49	77.38
EPS (Diluted)	553.45	542.16	351.59	187.33	204.43	77.32
EPS Growth	0.95%	54.20%	87.69%	-8.36%	164.38%	-37.21%
Free Cash Flow	-	1,318,932	1,051,401	982,705	1,073,190	1,151,649
Free Cash Flow Per Share	-	677.62	531.27	489.03	521.76	550.36
Dividend Per Share	196.500	172.000	123.000	100.000	85.000	66.667
Dividend Growth	36.93%	39.84%	23.00%	17.65%	27.50%	5.26%
Operating Margin	17.39%	23.45%	14.39%	12.09%	11.06%	6.26%
Profit Margin	12.57%	13.22%	9.46%	5.68%	7.20%	2.98%
Free Cash Flow Margin	-	16.53%	14.30%	14.84%	18.37%	21.20%
EBITDA	1,721,545	2,106,613	1,268,759	992,074	797,810	472,386
EBITDA Margin	20.42%	26.39%	17.25%	14.98%	13.66%	8.69%
D&A For EBITDA	255,262	235,051	210,513	191,399	151,677	132,470
EBIT	1,466,283	1,871,562	1,058,246	800,675	646,133	339,916
EBIT Margin	17.39%	23.45%	14.39%	12.09%	11.06%	6.26%
Effective Tax Rate	25.90%	27.34%	18.32%	33.95%	25.95%	33.45%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.