10 August 2018Insurance

Tokio Marine profit up 12% in Q1

Japan-based Tokio Marine Holdings reported ordinary profit of ¥138.06 billion ($1.24 billion) for the first quarter of its 2018 financial year (April-June), up 11.7 percent year on year.

Underwriting income increased to ¥1.192 trillion from 1.179 trillion over the period. Investment income declined to ¥176,86 billion from ¥193.82 billion.

Tokio Marine has warned that losses from heavy rain in July 2018 are estimated at approximately ¥50 billion for its unit Tokio Marine & Nichido Fire.

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Tokio Marine profit up 12% in Q1

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