Tokio Marine Holdings (8766) AI Stock Analysis

• Market Cap: $11.33T
• Dividend Yield: 3.3%
• Average Volume (3M): 4.31M
• Price to Earnings (P/E): 10.9
• Beta (1Y): 1.37
• Revenue Growth: -2.10%
• EPS Growth: -8.76%
• Country: JP
• Employees: 43,870
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 115.66
• Shares Outstanding: 1,934,000,000
• 10 Day Avg. Volume: 4,788,580
• 30 Day Avg. Volume: 4,314,843
• PEG Ratio: 0.20
• Price to Book (P/B): 2.20
• Price to Sales (P/S): 1.47
• P/FCF Ratio: 8.46
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 1.44
• Enterprise Value/Gross Profit: 1.44
• Enterprise Value/Ebitda: 6.70
• 1Y Price Target: $6,022.43
• Price Target Upside: 1.15% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥5,778.00 ▼(-2.96% Downside)

Tokio Marine Holdings has a solid financial foundation with strong profitability and cash flow management. However, technical indicators suggest bearish momentum, which is a significant risk. The stock's attractive valuation offers some upside potential, but the recent revenue decline and technical downtrend are key concerns.

Positive Factors

Cash Flow Management

Efficient cash flow management ensures that Tokio Marine can convert net income into free cash flow effectively, supporting long-term operational stability and investment capabilities.

Profitability

Improved profitability margins indicate enhanced operational efficiency and cost management, which are crucial for sustaining competitive advantage and shareholder value.

Balance Sheet Health

A low debt-to-equity ratio reflects prudent financial leverage, providing Tokio Marine with flexibility to invest in growth opportunities and withstand economic downturns.

Negative Factors

Revenue Growth Challenges

Volatile revenue growth poses a risk to future expansion and market positioning, potentially impacting long-term profitability and strategic initiatives.

Free Cash Flow Volatility

Extreme volatility in free cash flow growth can signal underlying financial instability, affecting the company's ability to plan and execute long-term strategies effectively.

Lack of ROE Data

Absence of recent ROE data limits the ability to assess shareholder returns and overall financial performance, potentially affecting investor confidence.

Tokio Marine Holdings Business Overview & Revenue Model

Company Description

Tokio Marine Holdings, Inc. engages in non-life and life insurance, and financial and general businesses worldwide. It operates through four segments: Domestic Non-Life Insurance, Domestic Life Insurance, International Insurance, and Financial and Other. The company offers fire and allied lines, hull and cargo, health, personal accident, automobile, and other insurance products, as well as asset management services. It also provides investment advisory, investment trust, staffing, facility management, and nursing care services. The company was formerly known as Millea Holdings, Inc. and changed its name to Tokio Marine Holdings, Inc. in 2008. Tokio Marine Holdings, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Tokio Marine Holdings generates revenue primarily through underwriting insurance premiums from its various insurance products, which include property and casualty insurance and life insurance. The company earns income by collecting premiums from policyholders and investing these funds in a diversified portfolio of assets, including stocks, bonds, and real estate, to generate investment income. Key revenue streams include premiums from commercial and personal insurance policies, as well as annuities and other life insurance products. Additionally, Tokio Marine engages in reinsurance activities and has formed strategic partnerships to expand its market reach and enhance its product offerings, further contributing to its earnings.

Tokio Marine Holdings Financial Statement Overview

Summary

Tokio Marine Holdings demonstrates strong profitability with improved net profit margins and robust cash flow management. However, the decline in revenue growth and volatility in free cash flow growth are concerns.

Income Statement

Tokio Marine Holdings has demonstrated strong profitability with a consistent gross profit margin of 100% over the years. The net profit margin improved significantly from 5.81% in 2022 to 13.91% in 2025, indicating enhanced efficiency and cost management. However, the revenue growth rate has been volatile, with a notable decline of 5.10% in 2025, which could be a concern for future growth prospects. EBIT and EBITDA margins have also shown improvement, reflecting better operational performance.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.12 in 2025, indicating prudent financial leverage. The equity ratio has remained stable, showcasing a strong equity base relative to total assets. However, the return on equity (ROE) data is missing for recent years, which limits a comprehensive assessment of shareholder returns.

Cash Flow

Tokio Marine Holdings has shown strong cash flow management with a high free cash flow to net income ratio close to 1, indicating efficient conversion of net income into free cash flow. The operating cash flow to net income ratio is healthy, suggesting strong cash generation from operations. The free cash flow growth rate is positive, although it showed extreme volatility with an 'Infinity' value in 2025, which requires further investigation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.26T	7.58T	7.08T	6.31T	5.75T	5.32T
Gross Profit	8.26T	6.57T	6.13T	5.46T	5.00T	4.63T
EBITDA	1.78T	1.71T	1.06T	726.82B	724.58B	397.33B
Net Income	1.32T	1.06T	695.81B	374.61B	420.48B	161.80B
Balance Sheet
Total Assets	30.56T	31.24T	30.59T	27.40T	27.25T	25.77T
Cash, Cash Equivalents and Short-Term Investments	0.00	1.07T	896.90B	871.99B	848.82B	812.01B
Total Debt	225.76B	625.73B	996.22B	222.81B	1.67T	230.60B
Total Liabilities	25.64T	26.13T	25.41T	23.80T	23.17T	22.04T
Stockholders Equity	4.94T	5.08T	5.18T	3.58T	4.02T	3.67T
Cash Flow
Free Cash Flow	0.00	1.32T	1.05T	982.83B	1.07T	1.15T
Operating Cash Flow	0.00	1.35T	1.07T	1.01T	1.10T	1.18T
Investing Cash Flow	0.00	177.45B	-616.43B	29.16B	-658.65B	-725.69B
Financing Cash Flow	0.00	-1.20T	-417.42B	-1.02T	-511.42B	-518.29B

Tokio Marine Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5954.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8766, the sentiment is Positive. The current price of 5954 is above the 20-day moving average (MA) of 5622.05, above the 50-day MA of 5817.90, and above the 200-day MA of 5824.00, indicating a bullish trend. The MACD of 23.28 indicates Negative momentum. The RSI at 60.36 is Neutral, neither overbought nor oversold. The STOCH value of 91.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8766.

Tokio Marine Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8359	76 Outperform	¥777.98B	13.52	5.37%	2.88%	14.57%	100.81%
8630	76 Outperform	$4.85T	20.98	―	2.87%	11.37%	27.90%
7181	72 Outperform	¥1.64T	11.13	―	2.49%	-21.38%	58.05%
8725	69 Neutral	$5.51T	7.82	16.44%	2.61%	23.01%	2.59%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8766	66 Neutral	$11.33T	10.88	19.96%	3.30%	-2.10%	-8.76%
8795	61 Neutral	¥1.86T	14.41	8.83%	2.82%	-1.96%	10.32%

Tokio Marine Holdings Corporate Events

Tokio Marine Holdings Reports No Share Repurchases Despite Buyback Plan

Tokio Marine Holdings announced that it has not repurchased any of its own shares despite an earlier board resolution to buy back up to 80 million shares, representing about 4.2% of its total issued shares, by April 2026. The lack of share repurchases during the specified period may impact the company’s stock market strategy and investor relations, as the anticipated buyback was intended to enhance shareholder value.

Tokio Marine Announces 130 Billion Yen Share Repurchase

Tokio Marine Holdings announced a tender offer to repurchase up to 130 billion yen of its own shares, aiming to enhance shareholder value and implement flexible financial policies. This move reflects the company’s ongoing strategy to manage capital efficiently and adapt to market conditions, potentially impacting its stock performance and investor relations.

Tokio Marine Holdings Announces Share Repurchase Plan

Tokio Marine Holdings announced a board resolution to repurchase up to 80 million of its own shares, representing about 4.2% of total issued shares, with a maximum purchase price of 130 billion yen. This strategic move aims to implement flexible financial policies, potentially impacting the company’s market positioning and shareholder value.

Tokio Marine Holdings Increases Annual Dividend Forecast

Tokio Marine Holdings announced an upward revision of its dividend forecast for the fiscal year ending March 31, 2026, increasing the annual dividend to 211 yen per share, up from the previous forecast of 210 yen. This decision reflects the company’s commitment to shareholder returns and is based on the current profit forecast, highlighting its strategy to align dividend growth with profit increases.

Tokio Marine Holdings Reports Mixed Financial Results for First Half of 2025

Tokio Marine Holdings reported its consolidated business results for the six months ending September 30, 2025, under Japanese GAAP. The company experienced a slight increase in ordinary income but saw a decline in ordinary profit and net income attributable to owners of the parent compared to the previous year. The financial results indicate a challenging period for the company, with a notable drop in comprehensive income. Despite these challenges, the company has revised its dividend forecast, reflecting a commitment to shareholder returns.

Tokio Marine Holdings Completes Share Repurchase Program

Tokio Marine Holdings has completed its share repurchase program, acquiring 3,871,200 common shares at a total cost of 25,007,928,300 yen. This move is part of a broader strategy approved by the board to repurchase up to 70,000,000 shares, aiming to enhance shareholder value and optimize capital structure.