Tokio Marine profit may rebound as overseas arm offsets Japan
Tokio Marine Holdings is expected to return to profit growth from fiscal 2027, with net income forecast to rise 2.2% to $6.3b. Morningstar attributes this to higher premiums and international business strength, offsetting inflation pressures in Japan. International operations recorded an 88.8% combined ratio in Q1 fiscal 2026, while domestic P&C business faces inflation and catastrophe losses. Investment income is also expected to support earnings.