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Berkshire Hathaway to Acquire $1.8 Billion Stake in Japan's Tokio Marine

Provided by Dow Jones Mar 23, 2026, 7:50:00 AM

By Kosaku Narioka

Warren Buffett's Berkshire Hathaway plans to acquire a 2.5% stake in Japanese insurance giant Tokio Marine Holdings for $1.8 billion as part of a strategic partnership.

Tokio Marine said Monday that it would sell treasury shares for 287.41 billion yen, equivalent to $1.81 billion, to National Indemnity, Berkshire Hathaway's core reinsurance unit.

The Japanese insurer said the partnership would include collaboration in reinsurance and potential acquisitions. Tokio Marine added that National Indemnity wouldn't acquire more than 9.9% of the company without prior approval from its board.

Tokio Marine said it would buy back its own shares to prevent dilution of existing shareholders.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

March 23, 2026 03:50 ET (07:50 GMT)

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