October 22, 2017 3:40 AM ET

Insurance

Company Overview of Tokio Marine & Nichido Life Insurance Co. Ltd.

Company Overview

Tokio Marine & Nichido Life Insurance Co. Ltd. is an insurance service provider. The company is based in Tokyo, Japan. Tokio Marine & Nichido Life Insurance Co. Ltd. operates as a subsidiary of Tokio Marine Holdings Inc.

1-2-1, Marunouchi

Chiyoda-Ku

Tokyo,  100-0005

Japan

Founded in 1996

Phone:

81 3 5223 2111

Fax:

81 3 5223 2125

Key Executives for Tokio Marine & Nichido Life Insurance Co. Ltd.

Tokio Marine & Nichido Life Insurance Co. Ltd. does not have any Key Executives recorded.

Tokio Marine & Nichido Life Insurance Co. Ltd. Key Developments

Tokio Marine & Nichido Life Insurance, Co. Reports Earnings Results for the Fiscal Year 2016; Provides Earnings Guidance for the Full Year of 2017

Tokio Marine & Nichido Life Insurance Co. reported earnings results for the fiscal year 2016. For the period, the company reported that net income decreased by JPY 5.9 billion year-on-year to JPY 8.7 billion. This is due to increase in business expenses for systems investment expense and reaction to reversal of contingency reserve associated with surrender in variable annuities last year in addition to decreasing gains on sales of securities. As for core operating profit, which excludes reaction from reversal of contingency reserve and decreasing gains on sales of securities, it decreased by JPY 2.7 billion year-on-year to JPY 22.3 billion. The company provided earnings guidance for the full year of 2017. For the period, the company net income is expected to increase by JPY 15.1 billion year-on-year to JPY 23.9 billion and core operating profit is projected to grow by JPY 12.1 billion to JPY 34.5 billion due to the product revisions associated with the revised standard discount rate as well as expected decrease in provision for policy reserves based on suspended sales of long-term saving-type products.

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