Tokio Marine completes $1.8b share disposal to Berkshire unit

National Indemnity received 48,207,200 common shares through a third-party allotment.

Tokio Marine Holdings has completed the payment for its disposal of treasury shares to National Indemnity Company, a wholly owned subsidiary of Berkshire Hathaway.

The company said the payment was finalised on 13 April 2026, following a board decision made on 23 March 2026.

Under the transaction, Tokio Marine disposed of 48,207,200 common shares at a price of $37.56 (JPY5,962) per share.

This brings the total value of the deal to $1.8b (JPY287.4b).

All shares were allotted to National Indemnity Company through a third-party allotment as part of the companies’ strategic partnership.

Following the transaction, Tokio Marine’s remaining treasury shares stood at 5,710,992 as of 31 March 2026.

The company had earlier announced that the share disposal forms part of its broader collaboration with Berkshire Hathaway’s insurance operations.

($1.00 = JPY159.14)