TOKYO (dpa-AFX) - Tokio Marine Holdings Inc. (TKOMF.PK, TKOMY.PK), a
Japanese insurance holding company, reported that its net income attributable to
owners of the parent for the fiscal year ended March 31, 2024 increased by 321.2
billion yen year-over-year to 695.8 billion yen. Annual earnings per share rose
to 351.59 yen from 186.41 yen from in the prior year.

Ordinary income increased by 814.6 billion yen to 7.42 trillion yen from the
previous fiscal year.

The company's consolidated business forecasts for the fiscal year 2024 are 1.20
trillion yen for Ordinary profit and 870.0 billion yen for Net income
attributable to owners of the parent.

As for the fiscal year 2024, the company intends to repurchase its own shares of
200 billion yen in a flexible manner, fully considering market environments,
stock prices and other factors. The company announced that its board of
directors resolved repurchases of its own shares with an amount of up to 100
billion yen on May 20, 2024.

Tokio Marine said its board resolved to adopt the policy regarding the sale of
business-related equities.

The Board of Directors enacted a resolution outlining a comprehensive policy
aimed at divesting these equities entirely by the conclusion of the fiscal year
2029. This directive excludes unlisted shares and those secured through capital
and business alliances. Additionally, within the framework of the company's new
mid-term business plan spanning fiscal years 2024 to 2026, there will be a
concerted effort to reduce the equity balance by half from its recorded value of
3.5 trillion yen as of the end of March 2024.

Furthermore, the planned sales amount for fiscal year 2024 will be 600 billion
yen, market value as of the end of March 2024.

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