What risks do Tokio Marine’s three North American insurers take on?
¥698.6bnPHLY net premiums written (Jan–Dec 2025, JGAAP, yen-translated)
¥658.9bnDFG net premiums written (Jan–Dec 2025, JGAAP, yen-translated)
¥919.7bnTMHCC net premiums written (Jan–Dec 2025, JGAAP, yen-translated)
What emerges
See the company through the numbers →Tokio Marine’s North American businesses bring together distinct underwriting expertise: PHLY’s organizational cover, Delphi’s employee benefits and workers’ compensation, and TMHCC’s medical stop-loss, among other products. Pricing, limits and selection sit alongside loss estimates, investments and currency effects in explaining results. The three businesses’ calendar-2025 JGAAP management disclosures must remain distinct from the group’s April 2025–March 2026 IFRS accounts.