Predict your next investment

Corporation
tokiomarine-nichido.co.jp/index.html

See what CB Insights has to offer

Investments

66

Portfolio Exits

6

About Tokio Marine & Nichido Fire Insurance Co. Ltd.

Tokio Marine & Nichido Fire Insurance Co. Ltd. is a corporation based out of Tokyo, Japan.

Tokio Marine & Nichido Fire Insurance Co. Ltd. Headquarter Location

1-2-1 Chiyoda-Ku

Tokyo,

Japan

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Tokio Marine & Nichido Fire Insurance Co. Ltd. News

AM Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its U.S. Subsidiaries

Sep 3, 2021

HONG KONG–(BUSINESS WIRE)– #insurance —AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa+” (Superior) of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) (Japan). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the U.S. subsidiaries.) The ratings reflect TMNF’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management (ERM). TMNF’s balance sheet strength assessment reflects risk-adjusted capitalisation that is at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). Besides its sizable solvency capital of over JPY4 trillion (USD 36 billon), this assessment is also supported by the company’s low financial leverage. TMNF has a track record of strong operating performance, mainly supported by steadily increasing premium income; a consistently strong and sizable domestic business with an average five-year combined ratio of approximately 95.5% (fiscal years 2016-2020), excluding its compulsory automobile liability insurance (CALI) business; and an expanding overseas portfolio. Although TMNF’s international businesses recorded a decline in profit in fiscal year 2020 due to the adverse impact of the COVID-19 pandemic, AM Best expects the company’s consistently strong net premium written (NPW) growth in recent years to result in better profitability over the long term. TMNF continues to maintain a strong and leading position in Japan, with a market share of over 25% in terms of NPW; the company also topped its domestic peers in all major lines of business in terms of NPW volume in fiscal year 2020. Over the past decade, TMNF has successfully expanded overseas and built a high quality book of overseas insurance business with its disciplined merger & acquisition strategy, which now accounts for approximately 35% of its NPW. AM Best believes that TMNF’s leading position in its domestic market and increasingly sizable international business profile will help it navigate challenging market conditions while enhancing earnings over the medium to long term. The company continues to have a sophisticated ERM framework that is embedded throughout its organisation. AM Best believes that TMNF’s ERM programme is very effective in managing its group-wide exposure to potential earnings and capital volatility. The stable outlooks reflect AM Best’s expectation that TMNF will maintain its overall balance sheet assessment, supported by risk-adjusted capitalisation at the strongest level, as measured by BCAR, while maintaining the strong performance in its domestic non-life business and developing its overseas insurance business in a prudent manner over the intermediate term. Negative rating actions could occur if there is material deterioration in risk-adjusted capitalisation, such as substantial losses caused by investment volatility or large-scale natural catastrophes. Negative rating actions could also occur if there is significant deterioration in Tokio Marine Holdings, Inc.’s credit profile, including its risk-adjusted capitalisation, financial leverage or interest coverage levels. The FSR of A++ (Superior) and the Long-Term ICRs of “aa+” (Superior), each with a stable outlook, have been affirmed for the following subsidiaries of Tokio Marine & Nichido Fire Insurance Co., Ltd.: Tokio Marine America Insurance Company Trans Pacific Insurance Company TNUS Insurance Company Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings . For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments . AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com . Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. Contacts

Tokio Marine & Nichido Fire Insurance Co. Ltd. Investments

66 Investments

Tokio Marine & Nichido Fire Insurance Co. Ltd. has made 66 investments. Their latest investment was in Any Inc. as part of their Series B on September 9, 2007.

CBI Logo

Tokio Marine & Nichido Fire Insurance Co. Ltd. Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/25/2007

Series B

Any Inc.

Yes

ITOCHU Technology Ventures, Japan Asia Investment, Mitsui & Co. Global Investment, Mizuho Capital, and Undisclosed Investors

1

8/10/2007

Private Equity

Shinqoo, Inc.

Yes

Recruit Holdings

1

5/29/2007

Corporate Minority - II

Video Market Corporation

Yes

Undisclosed Investors

1

4/27/2007

Series C

Subscribe to see more

$99M

Subscribe to see more

10

12/1/2006

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/25/2007

8/10/2007

5/29/2007

4/27/2007

12/1/2006

Round

Series B

Private Equity

Corporate Minority - II

Series C

Private Equity

Company

Any Inc.

Shinqoo, Inc.

Video Market Corporation

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

ITOCHU Technology Ventures, Japan Asia Investment, Mitsui & Co. Global Investment, Mizuho Capital, and Undisclosed Investors

Recruit Holdings

Undisclosed Investors

Sources

1

1

1

10

10

Tokio Marine & Nichido Fire Insurance Co. Ltd. Portfolio Exits

6 Portfolio Exits

Tokio Marine & Nichido Fire Insurance Co. Ltd. has 6 portfolio exits. Their latest portfolio exit was PAYDESIGN on April 14, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/14/2016

Acquired

Metaps

1

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

4/14/2016

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Metaps

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.