Tokio Marine Holdings: Q3 2025 Financial Performance Overview

Tokio Marine Holdings (TMH) announced robust financial results for the third quarter of 2025, showcasing substantial profit growth driven by international operations. The report highlights a 19% increase in international business profits, reaching JPY376.7 billion, compared to the same period in 2024, attributed to strong underwriting results and favorable foreign exchange impacts. TMH's detailed financial disclosure reveals that the international non-life segment achieved a Q3 2025 profit of JPY382.6 billion, marking a 13% rise from the previous year. North America emerged as a major profit center, contributing JPY294.4 billion, an increase from JPY260.6 billion last year, supported by strong risk management practices and favorable regulatory compliance. PHLY in North America reported profits of JPY71.3 billion, supported by a favorable loss ratio, while TMHCC witnessed a 6.5% growth to JPY83 billion, despite softening market conditions, maintaining a solid combined ratio of 88.0% through strategic underwriting and claims management. In Europe, the profit contributions totaled JPY35.9 billion, propelled by a commendable loss ratio and lower natural catastrophe losses. Despite a slight downturn in India, Asia & Oceania reported steady profits at JPY24.5 billion, buoyed by strong performances in Thailand and Malaysia, aligning with the region's regulatory compliance requirements. Additionally, South and Central America sustained strong momentum with profits of JPY29 billion, reflecting resilient underwriting and reduced natural catastrophe impacts. TMH's total net premiums written (NPW) in its international arm reached JPY2,604.9 billion by the end of Q4 2025, showcasing a 9.4% increase from the previous year. The non-life premiums specifically rose by 9.6% to JPY2,501.3 billion, with life net premiums increasing by 5.9% to JPY103.6 billion, highlighting effective risk management and carrier strategies. The North American region led in non-life premiums, contributing JPY1,790.2 billion, powered by PHLY's pricing strategies and new business ventures. Despite market softening, TMHCC maintained core business strength. Europe and South & Central America also showed premium growth, reporting JPY187.3 billion and JPY270.1 billion, respectively, bolstered by strategic regulatory alignment. Asia & Oceania accumulated premiums of JPY214.9 billion, while the Middle East & Africa region contributed JPY38.6 billion, reinforcing TMH's focus on sustainable and compliant growth through strategic underwriting and compliance management across diverse markets.