Summary of Consolidated Business Results of Tokio Marine Holdings, - PDF document

Summary of Consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the fiscal year ended March 31, 2020 May 20, 2020 Company Name: Tokio Marine Holdings, Inc. (the "Company") Stock Exchange Listing: Tokyo Securities Code Number: 8766 (URL: https://www.tokiomarinehd.com/en/) Representative: Satoru Komiya, President Contact: Tetsuya Hirano, Corporate Planning Dept. (Tel: +81-3-5223-3212) Scheduled date of Ordinary General Meeting of Shareholders: June 29, 2020 Scheduled date to commence dividend payments: June 30, 2020 Scheduled date to file Securities Report: June 26, 2020 Supplementary information for financial statements: Available IR Conference Call: To be held for analysts (Note) All amounts are rounded down and all percentages are rounded. 1. Consolidated Business Results for the fiscal year 2019 (April 1, 2019 to March 31, 2020) (1) Consolidated Results of Operations (Note) Percentages represent changes from the previous fiscal year. Net income Ordinary income Ordinary profit attributable to owners of the parent million yen % million yen % million yen % Fiscal year 2019 5,465,432 (0.2) 363,945 (12.6) 259,763 (5.4) Fiscal year 2018 5,476,720 1.4 416,330 20.7 274,579 (3.4) (Note) Comprehensive income: 2,737 million yen (93.6) % Fiscal year 2019 42,871 million yen (91.4) % Fiscal year 2018 Ratio of ordinary Net income per share Net income per share Ratio of net income to Ratio of ordinary profit to ordinary - Basic - Diluted equity capital profit to total assets income yen yen % % % Fiscal year 2019 369.74 369.45 7.5 1.5 6.7 Fiscal year 2018 383.01 382.69 7.4 1.8 7.6 (Reference) Equity in earnings (losses) of affiliates: (4,445) million yen Fiscal year 2019 (3,310) million yen Fiscal year 2018 (2) Consolidated Financial Conditions Ratio of equity capital to Total assets Net assets Net assets per share total assets million yen million yen % yen 25,253,966 3,426,675 13.4 4,832.05 As of March 31, 2020 22,531,402 3,603,741 15.9 5,058.66 As of March 31, 2019 (Reference) Equity capital: 3,372,148 million yen As of March 31, 2020 As of March 31, 2019 3,574,233 million yen (3) Consolidated Cash Flows Cash flows from Cash flows from Cash flows from Cash and cash equivalents operating activities investing activities financing activities at end of year million yen million yen million yen million yen 997,623 (2,546,411) 1,543,105 1,021,167 Fiscal year 2019 945,437 (566,757) (379,067) 1,023,342 Fiscal year 2018 2. Dividends Ratio of cash Ratio of cash Cash dividends per share Total amount dividends to dividends to of annual Second consolidated consolidated First quarter Third quarter Year-end Annual total dividends quarter net income net assets yen yen yen yen yen million yen % % - 160.00 - 90.00 250.00 178,192 65.3 4.9 Fiscal year 2018 - 130.00 - 95.00 225.00 157,589 60.9 4.5 Fiscal year 2019 - 100.00 - 100.00 200.00 Fiscal year 2020 (Forecast) (Note) 1. Fiscal year 2018 Breakdown for Annual total Ordinary dividend 180 yen One-time dividend for the capital level adjustment(*) 70 yen 2. Fiscal year 2019 Breakdown for Annual total Ordinary dividend 190 yen One-time dividend for the capital level adjustment(*) 35 yen 3. Fiscal year 2020 (Forecast) Breakdown for Annual total Ordinary dividend 200 yen One-time dividend for the capital level adjustment(*) - (*)The Company resolved the one-time dividends aiming to implement flexible financial policies. 3. Consolidated Business Forecasts for the fiscal year 2020 (April 1, 2020 to March 31, 2021) The Company’s consolidated business forecasts for the fiscal year 2020 are undetermined, as there are difficulties in reasonably estimating the impacts caused by the spread of coronavirus disease 2019 (COVID-19) as of the release date of this document. The Company will disclose the business forecasts in a timely manner once a reasonable estimate becomes available.

* Notes (1) Changes in significant subsidiaries during the fiscal year 2019 (Changes in specified subsidiaries that resulted in a change in the scope of consolidation): None (2) Changes in accounting policies, changes in accounting estimates, and retrospective restatements (a) Changes in accounting policies to reflect amendments of accounting standards: None (b) Changes in accounting policies other than (a): None (c) Changes in accounting estimates: None (d) Retrospective restatements: None (3) Number of shares issued (common stock) (a) Total number of shares issued including treasury stock 702,000,000 shares As of March 31, 2020 710,000,000 shares As of March 31, 2019 (b) Number of treasury stock held As of March 31, 2020 4,129,635 shares As of March 31, 2019 3,443,216 shares (c) Average number of shares outstanding During the fiscal year 2019 702,541,718 shares During the fiscal year 2018 716,886,595 shares (Reference) Summary of Non-consolidated Business Results of Tokio Marine Holdings, Inc. under Japanese GAAP for the fiscal year ended March 31, 2020 Non-consolidated Business Results for the fiscal year 2019 (April 1, 2019 to March 31, 2020) (1) Non-consolidated Results of Operations (Note) Percentages represent changes from the previous fiscal year. Operating income Operating profit Ordinary profit Net income million yen % million yen % million yen % million yen % Fiscal year 2019 207,867 (30.7) 185,637 (34.2) 185,693 (34.1) 185,892 (33.2) Fiscal year 2018 299,837 31.8 282,264 31.1 281,967 30.9 278,374 36.8 Net income per share - Net income per share - Basic Diluted yen yen 264.59 264.38 Fiscal year 2019 Fiscal year 2018 388.30 387.98 (2) Non-consolidated Financial Conditions Ratio of equity capital to Total assets Net assets Net assets per share total assets million yen million yen % yen 2,389,910 2,384,250 99.7 3,412.81 As of March 31, 2020 As of March 31, 2019 2,409,066 2,403,369 99.7 3,398.01 (Reference) Equity capital: As of March 31, 2020 2,381,704 million yen 2,400,889 million yen As of March 31, 2019 * "Summary of Consolidated Business Results" is outside the scope of external audit. * Notes concerning the business forecasts and other items The Company’s consolidated business forecasts for the fiscal year 2020 are undetermined, as there are difficulties in reasonably estimating the impacts caused by the spread of COVID-19 as of the release date of this document. The Company will disclose the business forecasts in a timely manner once a reasonable estimate becomes available. For information on business forecasts, please refer to Appendix p.3.