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Stock impact report

Tokio Marine plans more than $10bn in global acquisitions [Yahoo! Finance]

TOKIO MARINE HLDGS S/ADR (TKOMY) 
NASDAQ:AMEX Investor Relations: tokiomarinehd.com/en/ir
Company Research Source: Yahoo! Finance
Currently, around 80% of the company's overseas earnings come from the US, but the goal is to lower this to roughly 70% for North America over the medium term, Irick explained during an interview. The funding for this strategy will partly come from selling off cross-shareholdings with other companies in Japan, which are valued at $25bn, according to Irick. Irick added: “It is a generational opportunity to take that capital that is being freed up and put it into long-term, sustainable enterprise value-creating businesses for the next many years.” Masahiro Koike, who became CEO in June, has made growing the company's operations outside Japan a key focus. Tokio Marine is eyeing growth in Latin America and South East Asia, aiming to increase their share of international profits to 10% and 15%, respectively, from the current 6% each. This would involve purchasing smaller personal insurance providers and introducing specialty insurance products, which are less common in these reg Show less Read more
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