Tokio Marine Holdings, Inc. (TKOMY) Q2 2024 Earnings Call Transcript Summary
Tokio Marine Holdings, Inc. (TKOMY) Q2 2024 Earnings Call Transcript Summary
Updated full year projections include a rise in net premiums written by 5.3% YoY but a decrease in life insurance premiums by 15.9%.The following is a summary of the Tokio Marine Holdings, Inc. (TKOMY) Q2 2024 Earnings Call Transcript:
以下是东京海上控股公司（TKOMY）2024年第二季度业绩会的摘要：
Financial Performance:
财务表现：
Q2 2024 revenue is underpinned by robust underwriting business mainly in international segments like North America and Brazil.
Excluding FX factors, net premiums written increased by 5.7% YoY.
Updated full year projections include a rise in net premiums written by 5.3% YoY but a decrease in life insurance premiums by 15.9%.
The company revised the full year profit projection downwards by JPY82 billion, adjusting the net income projection to JPY528 billion, excluding sales of business-related equities.
The projected profit including sales of business-related equities is set at JPY1,040 billion, JPY40 billion above initial estimates.
Adjusted net income as of Q2 is JPY771.2 billion, with strong earnings from brisk underwriting business and favorable FX effects.
2024年第二季度的营业收入得益于稳健的承保业务，主要集中在北美和巴西等国际市场。
除去外汇因素，书面净保费同比增长5.7%。
更新的全年预测显示，书面净保费预计同比增长5.3%，但人寿保险保费预计下降15.9%。
公司将全年的利润预测下调820亿日元，调整后的净利润预测为5280亿日元，不包括与业务相关股票的销售。
包括与业务相关股票销售的预测利润定为10400亿日元，比最初的估计高出400亿日元。
截至第二季度的调整后净利润为7712亿日元，承保业务强劲和有利外汇效应带来了良好的收益。
Business Progress:
业务进展：
The company has a strong performance in underwriting business internationally, especially in North America and Brazil.
Life Insurance Premiums decreased due to the block re-insurance ceded by Tokio Marine and Nichido Life Insurance Company.
Tokio Marine plans robust shareholder returns consistent with profit growth, revising the dividend per share upward while also increasing the share buyback program from JPY200 billion to JPY220 billion.
Introduction of JPY97.8 billion TOB for ID&E Holdings, aimed at strengthening capabilities in disaster prevention and broadening service offerings.
公司在国际承保业务方面表现强劲，尤其是在北美和巴西。
由于东京海上和日设计人寿保险公司转移的区块再保险，寿险保费减少。
东京海上计划确保与利润增长一致的强劲股东回报，同时将每股股息上调，并将股票回购计划从2000亿日元增加到2200亿日元。
引入978亿日元的TOb用于ID&E Holdings，旨在增强灾害防范能力并扩大服务范围。
Opportunities:
机会：
Continued robust performance and expansion in international markets, notably North America and Brazil, offer significant growth opportunities.
Strengthening positions through strategic acquisitions like ID&E Holdings, which enrich the company's offering in disaster prevention and mitigation.
在国际市场，尤其是北美和巴西，持续强劲的表现和扩张提供了显著的增长机会。
通过像ID&E Holdings这样的战略收购来加强地位，这丰富了公司在灾害防范和减轻方面的产品。
Risks:
风险：
Increased provisions for Commercial Real Estate (CRE) loans due to challenges linked to the work-from-home trend and persistent high interest rates and inflation.
Potential future impacts from continued economic pressures such as inflation and high interest rates affecting the CRE loan provisions.
由于与居家办公趋势以及持续高利率和通货膨胀相关的挑战，增加了对商业房地产业贷款的准备金。
通胀和高利率等持续经济压力对商业房地产业贷款准备金的潜在未来影响。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。
