Tokio Marine Holdings, Inc. (OTCPK:TKOMY) Q1 2023 Earnings Call Transcript August 7, 2023 4:00 AM ET Company Participants Taizou Ishiguro - GM of Global Communications Department Kenji Okada - Group CFO Toshihiro Yahata - Global Communications Dept Kazuhiro Honjo - Head of Alternative Investment Division Hiroshi Sakiyama - MD and GM of Corporate Planning Department, TMNF Conference Call Participants Masao Muraki - SMBC Nikko Securities Nastsumu Tsujino - Morgan Stanley Kazuki Watanabe - Daiwa Securities Kok ...

Overview of 1Q FY2023 Results August 7, 2023 Table of Contents 1 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------------------------------------------------------------------------------ ...

Tokio Marine Holdings, Inc. (OTCPK:TKOMY) Q4 2022 Earnings Conference Call May 19, 2023 5:00 AM ET Company Participants Taizou Ishiguro - IR Group Satoru Komiya - Group CEO Kenji Okada - Group CFO Conference Call Participants Satoru Komiya Good evening, everyone. My name is Komiya. I'm the Group CEO. I thank you so much for attending this meeting tonight despite your busy schedule. I also wanted to thank you for extending your understanding and support to Tokio Marine always. In starting this meeting, I wou ...

Tokio Marine Holdings, Inc. (OTCPK:TKOMY) Q2 2022 Earnings Conference Call November 18, 2022 1:00 AM ET Company Participants Taizou Ishiguro - Head, Investor Relations Satoru Komiya - President and Group Chief Executive Officer Kenji Okada - Group Chief Financial Officer Tsuyoshi Nagano - President, Corporate Funding Toshihiro Yahata - President, Corporate Planning Kichiichiro Yamamoto - Corporate Accounting and Financial Balancing Yoshinori Ishii - Managing Executive Officer Group CLCO Conference Call Part ...

Financial Data and Key Metrics Changes - The company reported strong earnings in Q1 2022, with net premium written increasing by 11.3% and life premium by 8.3%. Excluding foreign exchange factors, the increases were 7% and 3.5% respectively, indicating a stronger performance than projected for the fiscal year [4][3]. - The full-year adjusted net income projection remains at JPY 553 billion, reflecting strong overseas performance and the anticipation of the main natural catastrophe season [3][2]. Business Line Data and Key Metrics Changes - International insurance underwriting and investment performed well, exceeding projections by approximately JPY 8 billion, with underwriting profit contributing JPY 4 billion [5][8]. - Tokio Marine Nichido Life's progress against their annual plan is at 20%, which is lower than the five-year average for this time of year. Excluding transient effects, the business unit profit progress is at 40%, aligning with historical averages [9][11]. Market Data and Key Metrics Changes - The Taiwan insurance market faced significant challenges due to a surge in COVID-19 cases, leading to estimated losses of JPY 134.8 billion before tax for Newa Insurance, impacting Tokio Marine's bottom line by JPY 53.9 billion [14][15]. - Despite the challenges, the Taiwan P&C market is expected to grow over 6%, with Newa Insurance having established a strong market presence, ranking fourth in the market [16][17]. Company Strategy and Development Direction - The company plans to acquire a majority share of Newa Insurance to enhance its enterprise risk management and capitalize on the growth potential in the Taiwan market [17][18]. - The management aims to raise EPS and ROE while managing volatility through steady execution of business strategies [18]. Management's Comments on Operating Environment and Future Outlook - The management acknowledged the impact of COVID-19 and natural catastrophes but emphasized that the underlying trend remains favorable on a normalized basis [18]. - The company is closely monitoring the evolving COVID situation and its implications for the insurance market, particularly in Taiwan [15][18]. Other Important Information - The company has not revised its shareholder return and annual capital adjustment policy despite the challenges faced [3]. - The performance of major international subsidiaries showed an overachievement of JPY 22 billion compared to local plans, indicating strong momentum [8]. Q&A Session Summary Question: What is the impact of COVID-19 on the Taiwan market? - The management noted that the sudden policy change in Taiwan led to a dramatic increase in COVID-19 cases, significantly impacting the insurance market and resulting in substantial losses for Newa Insurance [14][15]. Question: How does the company compare to its peers in North America? - The company reported a year-on-year increase of 150% in underwriting profit compared to 110% for North American peers, indicating stronger performance [7].

A Leading Copper and Gold Producer Developing a Tier-1 Copper Asset Second Quarter 2022 Financial Results August 5, 2022 TURQUOISE HILL TSX-NYSE: TRQ Cautionary Notes 2 Certain statements made herein, including statements relating to matters that are not historical facts and statements of Turquoise Hill Resources Ltd.'s (the "Company", "Turquoise Hill" or "TRQ") beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking info ...

Tokio Marine Holdings, Inc. (OTCPK:TKOMY) Q3 2021 Earnings Conference Call February 14, 2022 5:30 AM ET Company Participants Taizou Ishiguro - Investor Relations Takayuki Yuasa - Chief Financial Officer Tsuyoshi Nagano - International Business Development Conference Call Participants Masao Muraki - SMBC Nikko Natsumu Tsujino - Morgan Stanley Securities Wataru Otsuka - JPMorgan Koki Sato - Mizuho Securities Futoshi Sasaki - Bank of America Taizou Ishiguro Thank you, everyone, for gathering here today despite ...