Tokio Marine Holdings Past Earnings Performance
Past criteria checks 1/6
Tokio Marine Holdings has been growing earnings at an average annual rate of 32.7%, while the Insurance industry saw earnings growing at 25.5% annually. Revenues have been growing at an average rate of 9.4% per year. Tokio Marine Holdings's return on equity is 18.1%, and it has net margins of 11.7%.
Key information
32.69%
Earnings growth rate
34.17%
EPS growth rate
| Insurance Industry Growth | 2.05% |
| Revenue growth rate | 9.41% |
| Return on equity | 18.09% |
| Net Margin | 11.75% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 01
8766: Partnership And Buyback Are Expected To Support Future Earnings Quality
Tokio Marine Holdings' analyst price target has shifted slightly from ¥8,066 to about ¥8,154, with analysts citing updated assumptions for revenue growth, profit margins and future P/E to support a broadly constructive view on the stock. What's in the News Tokio Marine Holdings issued consolidated earnings guidance for the year ending March 31, 2027, with expected net income attributable to owners of the parent of ¥830,000 million, or ¥441.83 per basic share.Narrative Update • May 10
8766: Partnership And Buyback Are Expected To Support Future Earnings Quality
Narrative Update: Tokio Marine Holdings The analyst price target for Tokio Marine Holdings has been revised from ¥7,885.64 to ¥8,066.00. Analysts point to updated fair value estimates, a slightly higher discount rate, modestly adjusted profit margin assumptions, and a higher future P/E multiple as the key drivers behind this change.Narrative Update • Apr 25
8766: New Partnership And Buyback Are Expected To Support Steady Returns
Analysts have nudged their price target for Tokio Marine Holdings higher from ¥7,812 to roughly ¥7,886. They cite updated assumptions for revenue growth, profit margins and future P/E that feed into their refreshed fair value estimate.Narrative Update • Apr 09
8766: New Partnership And Buyback Will Support Steady Future Shareholder Returns
Analysts have revised their price target for Tokio Marine Holdings to ¥7,812 from ¥7,366, citing updated assumptions around fair value, slightly higher expected revenue growth of 0.77%, an adjusted profit margin of about 11.67%, and a prospective P/E near 16.48x. What's in the News Tokio Marine Holdings plans a comprehensive partnership with National Indemnity Company, covering equity investment, reinsurance arrangements, and cooperation on M&A and global investment opportunities, with the aim of expanding customer value and long term value for both firms (company announcement).Narrative Update • Mar 26
8766: Share Buyback And New Partner Relationship Will Support Future Returns
Analysts have raised their price target for Tokio Marine Holdings from ¥6,982 to approximately ¥7,367, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Tokio Marine Holdings approved a share repurchase program of up to 48,207,200 shares, about 2.6% of issued share capital, with a total budget of ¥287.4b, running through September 18, 2026, primarily to offset dilution from a treasury share disposition (Key Developments).
New Narrative • Mar 24
Bearish View Expects Softer North American Pricing And M&A Risks To Limit Returns
Catalysts About Tokio Marine Holdings Tokio Marine Holdings is a Japan based insurance group with core operations in domestic property and casualty insurance, international specialty and employee benefits, and a growing solutions and fee based business. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 11
8766: Higher Dividends And Governance Shift Will Support Future Shareholder Returns
Analysts have nudged their price target on Tokio Marine Holdings up from ¥6,852 to ¥6,982, reflecting updated assumptions around fair value, profit margins and future P/E levels. What's in the News A board meeting is scheduled for February 17, 2026, to consider transitioning Tokio Marine Holdings to a company with an Audit and Supervisory Committee structure (Key Developments).
New Narrative • Mar 09
AI And Solutions Expansion Will Drive Long Term Upside Potential
Catalysts About Tokio Marine Holdings Tokio Marine Holdings is a global insurance group focused on property and casualty, life, and related risk and solutions businesses across Japan and international markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 25
8766: Higher Dividends And Governance Shift Will Shape Future Shareholder Returns
Analysts have nudged their price target for Tokio Marine Holdings up from ¥6,828 to ¥6,852, citing updated assumptions that pair a lower projected revenue growth rate of 0.67% with a slightly higher profit margin of 11.52% and a modestly higher future P/E of 14.69x. What's in the News A board meeting is scheduled for February 17, 2026, to consider transitioning Tokio Marine Holdings to a company with an Audit and Supervisory Committee structure (Key Developments).Narrative Update • Feb 08
8766: Share Buybacks And Rising Dividends Will Drive Future Shareholder Upside
Analysts have kept their price target for Tokio Marine Holdings broadly steady at ¥6,828, indicating only very small adjustments to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions, rather than any major change in their view. What's in the News Revised earnings guidance for the fiscal year ending March 31, 2026, with Ordinary profit expected at ¥1,230,000m and Net income attributable to owners of the parent at ¥910,000m, or ¥476.96 basic net income per share (Company guidance).Analysis Article • Feb 03
Tokio Marine Holdings (TSE:8766) Will Pay A Dividend Of ¥105.50
Tokio Marine Holdings, Inc. ( TSE:8766 ) will pay a dividend of ¥105.50 on the 24th of June. Based on this payment, the...Narrative Update • Jan 24
8766: Capital Returns And Dividend Policy Will Drive Future Shareholder Upside
Analysts have lifted their fair value estimate for Tokio Marine Holdings from ¥6,675.78 to ¥6,828.00, citing updated assumptions around modest revenue growth, slightly adjusted profit margins, and a marginally higher future P/E multiple. What's in the News Revised earnings guidance for the fiscal year ending March 31, 2026, with Tokio Marine Holdings expecting ordinary profit of ¥1,230,000 million and net income attributable to owners of the parent of ¥910,000 million, or ¥476.96 basic net income per share (Key Developments).Narrative Update • Dec 21
8766: AI Partnership Will Drive Future Profits And Capital Returns
Narrative Update on Analyst Price Target Analysts have modestly raised their price target on Tokio Marine Holdings to ¥6,675, citing slightly improved projected profit margins that more than offset marginally lower revenue growth expectations and a small compression in assumed future valuation multiples. What's in the News Tokio Marine is partnering with OpenAI to develop AI agents that leverage in depth data analysis to improve insurance product planning and handle customer inquiries more efficiently (Nikkei Asia).Analysis Article • Dec 14
Tokio Marine Holdings (TSE:8766) Has Announced A Dividend Of ¥105.50
Tokio Marine Holdings, Inc. ( TSE:8766 ) will pay a dividend of ¥105.50 on the 24th of June. The payment will take the...Narrative Update • Dec 07
8766: AI Partnership Will Drive Future Earnings And Shareholder Returns
Analysts have nudged their price target for Tokio Marine Holdings higher, from ¥6,594 to approximately ¥6,676. This reflects modestly improved fair value assumptions supported by stable discount rates and slightly stronger long term expectations for revenue growth, profit margins, and future valuation multiples.Narrative Update • Nov 23
8766: AI Partnership Will Drive Future Profit And Buyback Momentum
Analysts have revised their fair value estimate for Tokio Marine Holdings downward from ¥6,759 to ¥6,594. This reflects updated projections of higher revenue growth and slightly improved profit margins.Narrative Update • Sep 24
Re-New Strategy And M&A Aim To Boost Growth But Face Risks In Japanese Insurance Transformation
Tokio Marine Holdings saw only marginal improvements in net profit margin and revenue growth forecasts, which contributed to the consensus analyst price target rising slightly from ¥6675 to ¥6759. What's in the News Issued consolidated earnings guidance for FY ending March 31, 2026, projecting net income of JPY 930,000 million (JPY 485.91 per share).Narrative Update • Sep 05
Re-New Strategy And M&A Aim To Boost Growth But Face Risks In Japanese Insurance Transformation
Tokio Marine Holdings’ consensus price target was effectively unchanged despite a notable reduction in revenue growth expectations and a slight increase in future P/E, with the analyst target rising marginally from ¥6666 to ¥6675. What's in the News Provided consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected net income of JPY 930,000 million and basic EPS of JPY 485.91.Analysis Article • Aug 11
Tokio Marine Holdings (TSE:8766) Has Announced That It Will Be Increasing Its Dividend To ¥105.00
The board of Tokio Marine Holdings, Inc. ( TSE:8766 ) has announced that it will be paying its dividend of ¥105.00 on...Analysis Article • Jul 23
Tokio Marine Holdings (TSE:8766) Is Increasing Its Dividend To ¥105.00
Tokio Marine Holdings, Inc.'s ( TSE:8766 ) dividend will be increasing from last year's payment of the same period to...Analysis Article • Jul 09
Tokio Marine Holdings (TSE:8766) Is Paying Out A Larger Dividend Than Last Year
The board of Tokio Marine Holdings, Inc. ( TSE:8766 ) has announced that it will be paying its dividend of ¥105.00 on...Analysis Article • Jul 04
Do Tokio Marine Holdings' (TSE:8766) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Dec 08
Re-New Strategy And M&A Aim To Boost Growth But Face Risks In Japanese Insurance Transformation
Transformation into a leaner organization and the Re-New initiative aim to enhance efficiency, profit growth, and underwriting profits.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Tokio Marine Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 8,347,313 | 980,428 | 1,654,106 | 0 |
| 31 Dec 25 | 8,431,014 | 1,059,338 | 1,597,907 | 0 |
| 30 Sep 25 | 8,062,887 | 1,053,611 | 1,470,677 | 0 |
| 30 Jun 25 | 8,308,778 | 1,324,780 | 1,458,257 | 0 |
| 31 Mar 25 | 7,981,520 | 1,055,276 | 1,403,691 | 0 |
| 31 Dec 24 | 7,875,673 | 1,073,536 | 1,295,697 | 0 |
| 30 Sep 24 | 7,942,995 | 1,179,303 | 1,335,707 | 0 |
| 30 Jun 24 | 7,382,523 | 765,174 | 1,296,835 | 0 |
| 31 Mar 24 | 7,353,991 | 695,808 | 1,260,889 | 0 |
| 31 Dec 23 | 7,011,116 | 622,495 | 1,218,691 | 0 |
| 30 Sep 23 | 6,972,883 | 494,935 | 1,206,109 | 0 |
| 30 Jun 23 | 6,817,821 | 379,842 | 1,181,512 | 0 |
| 31 Mar 23 | 6,622,532 | 376,447 | 1,147,686 | 0 |
| 31 Dec 22 | 6,564,066 | 317,799 | 1,149,910 | 0 |
| 30 Sep 22 | 6,235,856 | 237,723 | 1,090,184 | 0 |
| 30 Jun 22 | 5,957,719 | 385,312 | 1,030,418 | 0 |
| 31 Mar 22 | 5,842,694 | 420,484 | 1,002,887 | 0 |
| 31 Dec 21 | 5,725,232 | 423,140 | 964,096 | 0 |
| 30 Sep 21 | 5,617,309 | 368,686 | 936,452 | 0 |
| 30 Jun 21 | 5,558,679 | 222,303 | 916,151 | 0 |
| 31 Mar 21 | 5,433,294 | 161,801 | 902,023 | 0 |
| 31 Dec 20 | 5,407,945 | 145,853 | 902,437 | 0 |
| 30 Sep 20 | 5,396,793 | 205,545 | 904,227 | 0 |
| 30 Jun 20 | 5,369,741 | 246,274 | 899,553 | 0 |
| 31 Mar 20 | 5,433,645 | 259,763 | 893,717 | 0 |
| 31 Dec 19 | 5,434,272 | 279,615 | 872,478 | 0 |
| 30 Sep 19 | 5,411,125 | 337,305 | 867,364 | 0 |
| 30 Jun 19 | 5,434,832 | 285,551 | 866,797 | 0 |
| 31 Mar 19 | 5,440,833 | 274,579 | 861,673 | 0 |
| 31 Dec 18 | 5,402,282 | 346,504 | 867,917 | 0 |
| 30 Sep 18 | 5,436,402 | 261,290 | 859,755 | 0 |
| 30 Jun 18 | 5,390,140 | 297,815 | 858,660 | 0 |
| 31 Mar 18 | 5,376,193 | 284,183 | 857,919 | 0 |
| 31 Dec 17 | 5,480,055 | 205,055 | 898,750 | 0 |
| 30 Sep 17 | 5,399,845 | 195,337 | 887,609 | 0 |
| 30 Jun 17 | 5,296,988 | 264,732 | 871,137 | 0 |
| 31 Mar 17 | 5,205,448 | 273,856 | 868,791 | 0 |
| 31 Dec 16 | 4,976,361 | 301,760 | 783,510 | 0 |
| 30 Sep 16 | 4,851,383 | 324,232 | 750,560 | 0 |
| 30 Jun 16 | 4,733,716 | 262,339 | 733,805 | 0 |
| 31 Mar 16 | 4,534,309 | 254,540 | 697,406 | 0 |
| 31 Dec 15 | 4,425,348 | 214,315 | 710,574 | 0 |
| 30 Sep 15 | 4,333,970 | 190,100 | 708,934 | 0 |
| 30 Jun 15 | 4,298,418 | 248,448 | 685,295 | 0 |
Quality Earnings: 8766 has a large one-off loss of ¥501.5B impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: 8766's current net profit margins (11.7%) are lower than last year (13.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 8766's earnings have grown significantly by 32.7% per year over the past 5 years.
Accelerating Growth: 8766's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 8766 had negative earnings growth (-7.1%) over the past year, making it difficult to compare to the Insurance industry average (6.6%).
Return on Equity
High ROE: 8766's Return on Equity (18.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 23:42 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tokio Marine Holdings, Inc. is covered by 25 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Azuma Ohno | Barclays |
| Michael Huttner | Berenberg |
| Natsumu Tsujino | BofA Global Research |