Tokio Marine Holdings Inc 8766

Morningstar Rating
¥508.00 −13.00 (2.50%)
View Full Chart

Company Report

Lowering Uncertainty Rating for Tokio Marine on Favorable Macroeconomic and Governance Shifts

Tokio Marine Holdings has successfully transformed from a traditional Japanese property and casualty insurer into a globally diversified insurance holding company. The core strategy is to offset domestic demographic decline and natural catastrophe volatility by aggressively expanding into highly profitable international specialty markets, while optimizing the domestic balance sheet for maximum capital efficiency.

Price vs Fair Value

8766 is trading at a LOCK|P$gJdd premium.
Price
¥521.00
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Tokio Marine has a consistent record of delivering stock outperformance relative to the Japanese market and other insurers.

Bears

Tokio Marine’s superior financial performance relative to Japanese peers is already well recognized by the market, so any future slip-up could be punished.

News

Trading Information

Previous Close Price
¥521.00
Day Range
¥507.10–518.90
52-Week Range
¥353.33–564.53
Bid/Ask
¥507.90 / ¥508.00
Shares Outstanding
28.34B
Market Cap
¥14.39T
Volume/Avg
65M / 81M

Key Statistics

Price/Earnings (Normalized)
0.95
Price/Sales
0.12
Dividend Yield (Trailing)
24.95%
Dividend Yield (Forward)
24.95%
Dividend Payment Schedule
Jun, Dec
Total Yield
25.84%

Company Profile

Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
Sector
Financial Services
Industry
Insurance - Property & Casualty
Stock Style Box
Large Core
Total Number of Employees
51,717

Competitors

Valuation

Metric
8766
8750
8725
Price/Earnings (Normalized)
0.9514.209.00
Price/Book Value
1.811.431.02
Price/Sales
0.120.630.47
Price/Cash Flow
0.70—74.76
Price/Earnings
8766
8750
8725

Financial Strength

Metric
8766
8750
8725
Quick Ratio
———
Current Ratio
———
Interest Coverage
—11.06—
Quick Ratio
No chart available

Profitability

Metric
8766
8750
8725
Return on Assets (Normalized)
———
Return on Equity (Normalized)
———
Return on Invested Capital (Normalized)
———
Return on Assets
8766
8750
8725

Insurance - Property & Casualty Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Chubb Ltd
CB
LOCK|jW%Gk$LOCK|w?xl&$128B
Progressive Corp
PGR
LOCK|D@?rChKMLOCK|lkJ%@$122B
Tokio Marine Holdings Inc ADR
TKOMY
—LOCK|%!%W#ty—$94B
Tokio Marine Holdings Inc
TKOMF
———$94B
The Travelers Companies Inc
TRV
LOCK|&f?bL&%LOCK|J?HBQ$75B
Allstate Corp
ALL
LOCK|>Tf&#<LOCK|MF$57B
The People's Insurance Co (Group) of China Ltd ADR
PINXY
—LOCK|?WP$48B
The People's Insurance Co (Group) of China Ltd Class H
PINXF
—LOCK|lH$48B
WR Berkley Corp
WRB
LOCK|?%&?GW^mLOCK|njbF$26B
Markel Group Inc
MKL
LOCK|%?@RS%LOCK|Z@&$21B

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