Tokio Marine income rises as life premiums plunge 61.9%
Net premiums written increased 4.4% year on year to $13.4b for the quarter.
Tokio Marine’s third-quarter net income attributable to the parent climbed 4.0% year-on-year (YoY) to $5.8b (JPY899.2b).
The quarter’s net premiums written increased by 4.4% YoY to $13.4b (JPY2.1t). The company predicts full-year net premiums to reach $17.9b (JPY2.8t) for its Japan business only.
Meanwhile, life insurance premiums fell by 61.9% YoY to $0.2b (JPY32.3b). Full-year life insurance premiums is projected to reach $0.9b (JPY136.0b).
($1.00 = JPY156.02)