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 Company headquarters inTokiwabashi Tower,Tokyo | |
Native name | 東京海上ホールディングス株式会社 |
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Romanized name | Tōkyō Kaijō Hōrudingusu kabushiki gaisha |
| Company type | PublicKK |
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| Industry | Insurance |
| Founded | 1879; 146 years ago (1879) |
| Headquarters | Marunouchi,Tokyo, Japan |
Area served | Worldwide |
Key people | Shuzo Sumi(Chairman of the Board) Satoru Komiya(President & Group CEO) |
| Revenue |  JPY ¥ 5,863.7 billion (FY 2022) |
| JPY ¥ 420.4 billion (FY 2022) | |
| Owner | Mitsubishi Group |
Number of employees | 43,048 (March, 2022)[1] |
| Parent | TMTBJ investment trusts (5.4%) Meiji Yasuda Life (2.1%) |
| Website | tokiomarinehd.com |
Tokio Marine Holdings, Inc.[2], is a multinationalinsuranceholding company headquartered in Tokyo, Japan. It is the largestproperty/casualty insurance group in Japan in terms of revenue and is the parent company for the Tokio Marine Group which employs 39,000[3] people in 38 countries worldwide.
The main business of Tokio Marine is Management of non-life insurance companies, life insurance companies, specialized securities companies, foreign companies engaged in insurance businesses and any other company which is or may become a subsidiary of the Company in accordance with the provisions of the Insurance Business Law of Japan, and any other business pertaining to the foregoing item.
Founded in 1879 as Tokio Marine Insurance, it is the oldest insurance company in Japan. Millea Holdings was established in 2002 to become the parent company to Tokio Marine Insurance andNichido Fire Insurance in preparation for their merger, before being renamed Tokio Marine Holdings in 2008.[4]
Tokio Marine acquired the Philadelphia Insurance Companies for $4.7 billion in 2008, and acquired the Delphi Financial Group for $2.66 billion in 2012.[5] In June 2015, Tokio Marine announced it would be acquiringHCC Insurance Holdings for $7.5 billion.[6] Tokio Marine forecast that 46% of its profits would come from outside Japan following the HCC acquisition.[5]
Since June 2019, Satoru Komiya has been the President and Group CEO. In October 2019, Tokio Marine Insurance announced it would buy insurerPure Group for about $3.1 billion.[7][8]
Insure Our Future has described Tokio Marine’s environmental policy as “weak”.[9] Unlike its competitorSompo, Tokio Marine does not plan to stop insuring coal-fired power plants in Japan.[9]
Domestic Non-Life Insurance Business
Domestic Life Insurance Business
International Insurance Business
Other Non-Insurance Businesses
Established 1870 byIwasaki Yataro | ||
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