Tokio Marine Holdings, Inc. American Depositary Receipt…

Summary

Tokio Marine Holdings, Inc. operates as a global conglomerate, offering a wide array of services including property and casualty insurance, life insurance, financial solutions, and various general business activities. The company structures its extensive operations across four key segments: domestic non-life insurance, domestic life insurance, international insurance, and a division for financial and other ventures. Its comprehensive insurance portfolio covers fire and allied perils, marine (hull and cargo), health, personal accident, and automotive insurance, among others. Beyond insurance, the firm provides asset management, investment advisory, and investment trust services, alongside offerings like staffing, facility operational management, and nursing care. Established in 2002 as Millea Holdings, Inc., the company rebranded to Tokio Marine Holdings, Inc. in 2008 and is headquartered in Tokyo, Japan.

Website

www.tokiomarinehd.com

Location

Tokyo, M0, JP

Phone81 3 6212 3333

Employees67,526

CEOMasahiro Koike

Sector

Financials

Industry

Insurance

IPO DateMar 17, 1980

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… nce 5,617 3.0% 2032 6 Stratford Retirement, LLC Senior Living 5,232 2.8% 2033 7 Stellar Senior Living LLC (1) Senior Living 4,841 2.6% 2037 8 The Children’s Hospital Corporation Medical Office 4,372 2.3% 2028 9 Tokio Marine Holdings, Inc. Medical Office 3,941 2.1% 2026 - 2033 10 McKesson Corporation Medical Office 3,918 2.1% 2028 - 2030 11 AbbVie Inc. Life Science 3,713 2.0% 2030 12 Revvity, Inc. Life Science 3,681 2.0% 2028 13 Hawai'i Pacific He …
DIVERSIFIED HEALTHCARE TRUSTTokio Marine Holdings, Inc. American Depositary Receipt·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q4 26·2 Nov
#\*Toho Zinc Co., Ltd. 10,100 108,687 Tohoku Bank, Ltd. (The) 1,800 17,806 Tohoku Electric Power Co., Inc. 141,800 1,025,858 Tokai Carbon Co., Ltd. 196,127 1,356,590 Tokai Corp. 8,900 142,160 TOKAI Holdings Corp. 72,600 540,288 Tokai Rika Co., Ltd. 32,400 657,410 Tokai Tokyo Financial Holdings, Inc. 99,300 476,352 Tokio Marine Holdings, Inc. 295,100 10,955,774
Dimensional ETF TrustTokio Marine Holdings, Inc. American Depositary Receipt·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
… to any exchange, or set forth in any registration statement, application, or report to shareholders or otherwise made available to the public. Item C.1. Identification of investment. a. Name of issuer (if any). Tokio Marine Holdings, Inc. b. LEI (if any) of issuer. In the case of a holding in a fund that is a series of a series trust, report the LEI of the series. 5299009QN2NZ191KLS29 c. Title of the issue or description of the investment. TOKI …
Dimensional ETF TrustTokio Marine Holdings, Inc. American Depositary Receipt·NPORT-P - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
… 1,075,000 | | | Daiwa Securities Group Inc. | 345,800 | 1,609.50 | 556,565,100 | | | Nomura Holdings | 398,000 | 1,427.50 | 568,145,000 | | | MS&AD Insurance Group Holdings | 135,400 | 4,208.00 | 569,763,200 | | | Tokio Marine Holdings | 91,000 | 6,252.00 | 568,932,000 | | | T&D Holdings | 136,400 | 3,979.00 | 542,735,600 | | | Daito Kentaku | 170,200 | 3,433.00 | 584,296,600 | | | Nomura Real Estate Holdings | 513,800 | 1,084.00 | 556,959,200 | …
しんきんアセットマネジメント投信株式会社Tokio Marine Holdings, Inc. American Depositary Receipt·Prospectus - Securities registration statement·06 Nov·5 Nov
… | 930,483,400 | | | Japan Exchange Group | 193,800 | 2,264.00 | 438,763,200 | | | MS&AD Insurance Group Holdings | 121,200 | 4,850.00 | 587,820,000 | | | Daiichi Life Group | 349,300 | 1,932.50 | 675,022,250 | | | Tokio Marine Holdings | 272,400 | 7,939.00 | 2,162,583,600 | | | T&D Holdings | 22,100 | 5,006.00 | 110,632,600 | | | Mitsui Fudosan | 503,600 | 1,525.00 | 767,990,000 | | | Mitsubishi Estate | 210,100 | 3,833.00 | 805,313,300 | | | Wes …
ブラックロック・ジャパン株式会社Tokio Marine Holdings, Inc. American Depositary Receipt·Annual Report - Annual Securities Report (2026.02.10-2026.08.09)·06 Nov·5 Nov
… | 373,000 | 6,045.88 2,255,114,028 | 6,814.00 2,541,622,000 | 2.12 | | 12 | Murata Manufacturing Co., Ltd. | Japan | Electrical equipment | 332,700 | 4,320.17 1,437,322,257 | 7,416.00 2,467,303,200 | 2.05 | | 13 | Tokio Marine Holdings | Japan | Insurance industry | 275,400 | 6,428.21 1,770,329,514 | 8,114.00 2,234,595,600 | 1.86 | | 14 | Mitsubishi Corporation | Japan | Wholesale | 465,600 | 4,990.02 2,323,354,602 | 4,776.00 2,223,705,600 | 1.85 …
ブラックロック・ジャパン株式会社Tokio Marine Holdings, Inc. American Depositary Receipt·Prospectus - Securities registration statement·06 Nov·5 Nov

Key Stats

Trading

Px/Chg 1D$50.13 / -0.73%

Avg Volume124.92K

Beta0.55

Mkt Cap95.24B

FD Mkt Cap91.57B

Float

Shrs Out/Float1.90B / 1.88B

Short Float0.00%

Days to Cover1.00

Stock Repurchased$266.77B

Current Valuation

EV-677248512451.84

EV/EBITDA-0.84

EV/Sales-0.09

P/B0.02

P/S0.01

FCF Yield600.43%

ROE19.10%

ROA3.24%

Current Ratio0.00

Dividend

Cash$0.70

Yield3.06%

Yield (TTM)3.06%

Estimates

P/E0.10

Est P/E0.00

Est EPS0.72

Est PEG0.00

Valuation

Metric	5Yr Avg	Jun '22	Jun '23	Jun '24	Jun '25	Oct '26
PRICE-BASED RATIOS
Price / Earnings	0.40	0.10	0.12	0.11	0.51	1.15
Price / Sales	0.03	0.01	0.01	0.01	0.04	0.08
Price / Book Value	0.01	0.01	0.01	0.01	0.02	0.02
Price / Free Cash Flow	0.06	0.04	0.05	0.07	0.00	0.17
ENTERPRISE VALUE METRICS
Enterprise Value	-623,513.5	-536,730.8	-576,575.2	-591,239.9	-735,773.1	-677,248.5
Enterprise Value / Sales	-0.24	-0.09	-0.09	-0.08	-0.39	-0.55
Enterprise Value / EBITDA	-90.85	-0.74	-0.79	-0.56	-447.65	-4.49
Enterprise Value / EBIT	-90.98	-0.95	-1.08	-0.70	-447.65	-4.49

Financials

Full Financials

Millions JPY	5Yr CAGR (%)	Mar '22	Mar '23	Mar '24	Mar '25	Mar '26
INCOME STATEMENT
Revenue	8.5%	5,751,641.0	6,314,108.0	7,080,313.0	7,584,167.0	7,959,987.6
Gross Income	-6.1%	5,002,760.0	5,461,125.0	6,128,651.0	6,566,096.0	3,882,451.8
EBITDA	23.9%	724,576.0	726,818.0	1,060,190.0	1,714,052.0	1,705,526.4
EBIT	26.5%	562,670.0	533,612.0	847,870.0	1,477,194.0	1,439,552.4
Net Income	25.4%	420,484.0	374,605.0	695,808.0	1,055,276.0	1,039,555.5
EPS (Diluted)	27.9%	204.43	187.34	351.59	542.16	546.45
BALANCE SHEET
Cash & ST Inv	5.2%	848,819.0	871,993.0	896,898.0	1,071,138.0	1,037,847.9
Total Assets	4.2%	27,245,852.0	27,699,816.0	30,594,869.0	31,237,340.0	32,100,564.3
Total Liabilities	3.5%	23,173,228.0	24,041,969.0	25,411,529.0	26,133,796.0	26,619,316.9
Total Shareholder Equity	7.9%	4,020,675.0	3,631,116.0	5,176,637.0	5,076,842.0	5,443,857.0
CASH FLOW
Net Operating Cash Flow	-13.4%	1,102,240.0	1,007,582.0	1,072,124.0	1,345,080.0	619,494.4
Cap Ex	13.2%	-29,050.0	-24,877.0	-20,723.0	-26,148.0	-47,673.6
Free Cash Flow	-14.6%	1,073,190.0	982,705.0	1,051,401.0	1,318,932.0	571,820.8

Enterprise Value Bridge

Millions JPY		6 Nov '26
Price (As of 6 Nov '26)		3.65
Basic Shares		1,899.77
Market Cap		6,934.2
Diluted Shares		1,901.70
Fully Diluted Shares Outstanding		1,901.70
Fully Diluted Market Cap		6,941.2
+Consolidated Debt		227,979.5
−In-the-Money Convertible Debt		—
+Capital Leases		-
+Operating Leases		—
−Cash & Equivalents		-1,037,847.9
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		37,384.4
+Pension Liabilities		—
Enterprise Value		-765,549.8

Related companies

Summary

Website

www.tokiomarinehd.com

Location

Tokyo, M0, JP

Phone81 3 6212 3333

Employees67,526

CEOMasahiro Koike

Sector

Financials

Industry

Insurance

IPO DateMar 17, 1980