Tokio Marine lifts 2024 net income forecast

For the first half of the fiscal year, the group reported adjusted net income of ¥771.2 billion (approximately US$4.98 billion), achieving 77% of its initial full-year forecast. The company attributed the performance to favorable underwriting trends, foreign exchange gains, and robust international business growth, although these were partially offset by Current Expected Credit Loss (CECL) provisions related to commercial real estate loans.