HomeInsuranceTokio Marine declares interim numbers

Tokio Marine declares interim numbers

International insurer Tokio Marine Holdings has released its financial results for the quarter ended June 30.

In the three-month span, which is considered the first quarter, or Q1, in Tokio Marine’s reporting, the group posted an 11.9% increase to ¥1.6 trillion in ordinary income. Ordinary profit, however, slid 23.8% to ¥165.3 billion in the period. As for the company’s net income attributable to owners of the parent, Tokio Marine said the figure went down by 22% to ¥124.6 billion.

Meanwhile the insurer highlighted: “[The] sudden change in COVID-19 policy by the Taiwanese government led to significant COVID-19-related losses for the…

Read more at www.insurancebusinessmag.com

- Advertisment -

Most Popular