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:
以下是東京海上控股公司（TKOMY）2024年第二季度業績會的摘要：
Financial Performance:
財務表現：
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年第二季度的營業收入得益於穩健的承保業務，主要集中在北美和巴西等國際市場。
除去外匯因素，書面淨保費同比增長5.7%。
更新的全年預測顯示，書面淨保費預計同比增長5.3%，但人壽保險保費預計下降15.9%。
公司將全年的利潤預測下調820億日元，調整後的淨利潤預測爲5280億日元，不包括與業務相關股票的銷售。
包括與業務相關股票銷售的預測利潤定爲10400億日元，比最初的估計高出400億日元。
截至第二季度的調整後淨利潤爲7712億日元，承保業務強勁和有利外匯效應帶來了良好的收益。
Business Progress:
業務進展：
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.
公司在國際承保業務方面表現強勁，尤其是在北美和巴西。
由於東京海上和日設計人壽保險公司轉移的區塊再保險，壽險保費減少。
東京海上計劃確保與利潤增長一致的強勁股東回報，同時將每股股息上調，並將股票回購計劃從2000億日元增加到2200億日元。
引入978億日元的TOb用於ID&E Holdings，旨在增強災害防範能力並擴大服務範圍。
Opportunities:
機會：
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.
在國際市場，尤其是北美和巴西，持續強勁的表現和擴張提供了顯著的增長機會。
通過像ID&E Holdings這樣的戰略收購來加強地位，這豐富了公司在災害防範和減輕方面的產品。
Risks:
風險：
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.
由於與居家辦公趨勢以及持續高利率和通貨膨脹相關的挑戰，增加了對商業房地產業貸款的準備金。
通脹和高利率等持續經濟壓力對商業房地產業貸款準備金的潛在未來影響。
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提示：本文由人工智能生成。內容準確性無法完全保證。如需更全面詳情，請參閱IR網站。本文僅供投資者參考，不具有任何指導或推薦建議。
