Tokio Marine Reports 24.5% Profit Surge in Q2 2024 Driven by Net Premium Growth
Tokio Marine Reports 24.5% Profit Surge in Q2 2024 Driven by Net Premium Growth

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Tokio Marine’s international segment reported a profit of JPY 251.4 billion ($1.62 billion) for Q2 of fiscal 2024, marking a 24.5% increase compared to the previous year, primarily driven by robust performance and JPY depreciation. Net premiums written surged 14.8% to JPY 1,706.7 billion ($10.97 billion), with significant contributions from the North America segment, which accounted for JPY 1,189.8 billion ($7.65 billion). The company’s growth was supported by steady rate increases and new business, particularly in its Philadelphia and Delphi Financial Group units. Despite slight rate softness in certain financial lines, overall underwriting profit and investment income outpaced expectations, overcoming losses from commercial real estate loans in North America.

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