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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.
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.
"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."
“We will be there for our customers, playing our part in society in times of need.”
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/
