Tokio Marine
#265
Rank
$73.69B
Marketcap
Japan
Country
Mr. Satoru Komiya (Pres, Group CEO, Group Chief Culture Officer & Representative Director)
Mr. Kenji Okada (Sr. MD, Sr. Managing Exec. Officer, Group CFO & Director)
Summary
Tokio Marine Holdings, Inc. engages in non-life and life insurance, and financial and general businesses in Japan and internationally. It operates through four segments: Domestic Non-Life Insurance Business, Domestic Life Insurance Business, International Insurance Business, and Financial and Other Businesses.
The company provides fire and allied lines, hull and cargo, health, personal accident, automobile, and other insurance products, as well as asset management services. It also offers investment advisory, investment trust, staffing, facility management, and nursing care services. The company was formerly known as Millea Holdings, Inc. and changed its name to Tokio Marine Holdings, Inc. in 2008. Tokio Marine Holdings, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.
History
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 of Tokio Marine Insurance and Nichido Fire Insurance in preparation for their merger, before being renamed Tokio Marine Holdings in 2008.
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. In June 2015, Tokio Marine announced it would be acquiring HCC Insurance Holdings for $7.5 billion. Tokio Marine forecast that 46% of its profits would come from outside Japan following the HCC acquisition. Since June 2019, Satoru Komiya has been the President and Group CEO. In October 2019, Tokio Marine Insurance announced it would buy insurer Pure Group for about $3.1 billion.
Mission
"We will balance our strength as an organization with compassion as individuals, looking beyond profit to deliver fully on our commitments. Through our collective efforts, we will strive to be a Good Company, living up to the trust placed in us."
Vision
“We will be there for our customers, playing our part in society in times of need.”
Key Team
Mr. Kiyoshi Wada (Managing Exec. Officer, Group COO, Chief Sustainability Officer & Director)
Mr. Donald Alan Sherman (VP Exec. Officer & Group Co-Chief Investment Officer)
Yuichi Takeda (Exec. Officer and Gen. Mang. of Corp. Accounting Department)
Narimasa Tokugawa (Exec. Officer and Gen. Mang. of Corp. Admin. Department)
Taizou Ishiguro (Group Leader of Corp. Communications & Investor Relations Group)
Mr. Yoshinori Ishii (Managing Exec. Officer, Group Chief Legal & Compliance Officer and Director)
Mr. Kenichi Kitazawa (Managing Exec. Officer, Group Chief HR Officer & Group Chief Wellness Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Tokio_Marine
https://www.crunchbase.com/organization/tokio-marine-holdings
https://sec.report/CIK/0001169486
https://finance.yahoo.com/quote/TKOMY/
https://www.comparably.com/companies/tokio-marine-hcc/mission
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.forbes.com/companies/tokio-marine-holdings/
https://www.globaldata.com/company-profile/tokio-marine-holdings-inc/
https://www.reuters.com/markets/companies/8766.T/
https://www.insurancebusinessmag.com/us/companies/tokio-marine/67046/
Mr. Satoru Komiya (Pres, Group CEO, Group Chief Culture Officer & Representative Director)
Mr. Kenji Okada (Sr. MD, Sr. Managing Exec. Officer, Group CFO & Director)