Tokio Marine Holdings Inc

8766: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎3,996.00	Npm	Qzndvrhyj

Japan Insurance: Relaunching Full Coverage; Historically High Valuations Mostly Justified

Michael Makdad

Sep 11, 2024

We relaunch full coverage of Japanese insurers Tokio Marine Holdings, MS&AD Insurance Group, Sompo Holdings, and Dai-Ichi Life Holdings. The Topix Insurance Index has risen 38% in 2024, the best performance among 33 Topix sectors and versus a 7% rise in the broad Japanese stock market.

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