Information about major subsidiaries' business results for the six - PDF document

Information about major subsidiaries' business results for the six months ended September 30, 2010 November 19, 2010 TOKIO MARINE HOLDINGS, INC. （ Securities Code Number 8766 ）

Page １． Key figures of consolidated results 1 (1) Tokio Marine Holdings, Inc. (consolidated) 1 (2) Ordinary income (consolidated) 1 (3) Net income (consolidated) ２． Key figures of the domestic property and casualty insurance business 2 (1) Tokio Marine & Nichido Fire Insurance Co., Ltd. (non-consolidated) 3 (2) Nisshin Fire & Marine Insurance Co., Ltd. (non-consolidated) 4 (3) E.design Insurance Co., Ltd. (non-consolidated) ３． Key figures of the domestic life insurance business 5 (1) Tokio Marine & Nichido Life Insurance Co., Ltd. (non-consolidated) 5 (2) Tokio Marine & Nichido Financial Life Insurance Co., Ltd. (non-consolidated) ４． Business forecast for the year ending March 31, 2011 6 (1) Tokio Marine Holdings, Inc. (consolidated) 6 (2) Ordinary income (consolidated) 6 (3) Net income (consolidated) 6 (4) Tokio Marine & Nichido Fire Insurance Co., Ltd. (non-consolidated) ５． Dividends forecast (Tokio Marine Holdings, Inc.) 6 Financial statements １． Tokio Marine & Nichido Fire Insurance Co., Ltd. (non-consolidated) 7 (1) Interim balance sheet 8 (2) Interim statement of income 9 (3) Interim statement of changes in shareholders' equity 10 (4) Underwriting Direct premiums written (excluding deposit premiums from policyholders) Net premiums written Net claims paid 11 (5) Investment Interest and dividends Gains and losses on sales of securities, impairment losses on securities Other securities (available for sale) 12 (6) Solvency margin ratio ２． Nisshin Fire & Marine Insurance Co., Ltd. (non-consolidated) 13 (1) Interim balance sheet 14 (2) Interim statement of income 15 (3) Interim statement of changes in shareholders' equity 16 (4) Underwriting Direct premiums written (excluding deposit premiums from policyholders) Net premiums written Net claims paid 17 (5) Investment Interest and dividends Gains and losses on sales of securities, impairment losses on securities Other securities (available for sale) 18 (6) Solvency margin ratio

Page ３． E.design Insurance Co., Ltd. (non-consolidated) 19 (1) Interim balance sheet 20 (2) Interim statement of income 21 (3) Interim statement of changes in shareholders' equity 22 (4) Underwriting Direct premiums written (excluding deposit premiums from policyholders) Net premiums written Net claims paid 23 (5) Investment Interest and dividends Gains and losses on sales of securities, impairment losses on securities Other securities (available for sale) 24 (6) Solvency margin ratio ４． Tokio Marine & Nichido Life Insurance Co., Ltd. (non-consolidated) 25 (1) Interim balance sheet 26～27 (2) Interim statement of income Breakdown of ordinary profit (Core operating profit) 27 (3) Interim statement of changes in shareholders' equity 28 (4) Insurance business Number of policies and policy amount Annualized premiums 29～30 (5) Investment (General account) Interest and dividends Gains and losses on sales of securities, impairment losses on securities Fair value information on securities (Securities measured at fair value other than trading securities) Fair value information on derivative transactions 31 (6) Solvency margin ratio Difference between real assets and liabilities (Real net assets) ５． Tokio Marine & Nichido Financial Life Insurance Co., Ltd. (non-consolidated) 32 (1) Interim balance sheet 33～34 (2) Interim statement of income Breakdown of ordinary profit (Core operating profit) 34 (3) Interim statement of changes in shareholders' equity 35 (4) Insurance business Number of policies and policy amount Annualized premiums 36 (5) Separate account Separate account asset balance Separate account policies in force 37 (6) Solvency margin ratio 38～41 Glossary of terminology Supplementary information about business results for the six months ended September 30, 2010 42～45 (1) Tokio Marine & Nichido Fire Insurance Co., Ltd. (non-consolidated) 46～49 (2) Nisshin Fire & Marine Insurance Co., Ltd. (non-consolidated) Supplementary information 50 Combined business results of Tokio Marine Nichido and Nisshin Fire (non-consolidated)

１ ． Key figures of consolidated results (1) Tokio Marine Holdings, Inc. (consolidated) (Yen in millions) For the six months ended For the six months ended Increase or decrease For the year ended Rate of change September 30, 2009 September 30, 2010 by comparison March 31, 2010 1,870,869 1,722,576 -148,292 -7.9 ％ 3,570,803 1 Ordinary income 104,615 148,155 43,540 41.6 203,413 2 Ordinary profit 71,252 95,236 23,984 33.7 128,418 3 Net income (2) Ordinary income (consolidated) (Yen in millions) For the six months ended For the six months ended Increase or decrease For the year ended Rate of change September 30, 2009 September 30, 2010 by comparison March 31, 2010 1,401,779 1,402,538 759 0.1 ％ 2,757,710 4 Insurance premiums 1,182,742 1,174,987 -7,754 -0.7 2,292,911 5 Net premiums written (non-life) 870,279 874,028 3,748 0.4 1,736,082 6 Tokio Marine Nichido 66,341 67,546 1,205 1.8 131,876 7 Nisshin Fire 245,524 231,787 -13,736 -5.6 422,855 8 Overseas subsidiaries 597 1,625 1,027 171.9 2,097 9 Other 219,036 227,551 8,514 3.9 464,799 10 Life insurance premiums 149,675 165,388 15,713 10.5 330,411 11 Tokio Marine Nichido Life Tokio Marine Nichido 50,280 39,455 -10,824 -21.5 90,235 12 Financial Life 19,080 22,707 3,626 19.0 44,152 13 Other (3) Net income (consolidated) (Yen in millions) For the six months ended For the six months ended Increase or decrease For the year ended Rate of change September 30, 2009 September 30, 2010 by comparison March 31, 2010 71,252 95,236 23,984 33.7 ％ 128,418 14 Net income (consolidated) 56,390 93,508 37,118 65.8 94,456 15 Tokio Marine Nichido 2,965 1,912 -1,053 -35.5 4,281 16 Nisshin Fire 5,961 7,493 1,531 25.7 0 17 Tokio Marine Nichido Life Tokio Marine Nichido 598 -3,719 -4,318 -721.6 -1,363 18 Financial Life 23,694 31,003 7,309 30.8 68,901 19 Overseas subsidiaries Financial and other business -1,078 1,139 2,217 - -8,943 20 subsidiaries Consolidation adjustment and -17,279 -36,101 -18,821 -28,914 21 other 1

２． Key figures of the domestic property and casualty insurance business (1) Tokio Marine & Nichido Fire Insurance Co., Ltd. (non-consolidated) (Yen in millions, %) For the six months For the six months Increase or For the year ended ended September 30, ended September 30, decrease by March 31, 2010 2009 2010 comparison Major items in ordinary profit 870,279 874,028 3,748 1,736,082 1 Net premiums written 534,709 541,437 6,728 1,096,461 2 Net claims paid 39,945 41,886 1,940 82,004 3 Loss adjustment expenses 154,111 152,488 -1,623 304,459 4 Agency commissions and brokerage Operating and general administrative 139,733 146,722 6,988 286,087 5 Underwriting expenses on underwriting Provision for outstanding claims -20,323 -12,699 7,624 -22,746 6 ( negative numbers represent reversal) Provision for underwriting reserves -34,487 -56,064 -21,577 -160,649 7 ( negative numbers represent reversal) 53,357 35,456 -17,901 81,792 8 Underwriting profit 57,263 83,106 25,843 108,453 9 Interest and dividends 20,554 47,522 26,968 67,881 10 Gains and losses on sales of securities Investment 14,221 11,204 -3,016 24,857 11 Impairment losses on securities 13,806 21,347 7,540 11,438 12 Gains and losses on derivatives 81,261 133,683 52,421 147,401 13 Ordinary profit 1,111 200 -910 3,812 14 Extraordinary gains 3,665 8,393 4,728 17,819 15 Extraordinary losses 56,390 93,508 37,118 94,456 16 Net income -6.3 0.4 6.7 -4.3 17 Net premiums written (Rate of change) -8.3 -3.2 5.2 -6.6 18 Fire and allied lines -2.0 0.6 2.6 -1.3 19 Voluntary automobile -1.3 2.1 3.4 -2.0 20 Personal accident 66.0 66.7 0.7 67.9 21 Loss ratio 40.4 43.0 2.6 42.4 22 Fire and allied lines 67.9 70.4 2.4 69.8 23 Voluntary automobile 51.6 50.3 -1.4 58.6 24 Personal accident 5,652 720 -4,931 22,850 25 Net incurred losses relating to natural disasters 2,466 271 -2,194 13,744 26 Fire and allied lines 2,373 256 -2,117 4,729 27 Voluntary automobile 33.8 34.2 0.5 34.0 28 Expense ratio 902,929 871,592 -31,336 884,807 29 Catastrophe loss reserve 59.4 57.3 -2.1 58.3 30 Reserve ratio of catastrophe loss reserve 832.1 829.4 -2.7 852.6 31 Solvency margin ratio 2