HCC boosts Tokio Marine 2016 profits
The acquisition of HCC bolstered earnings at Tokio Marine Holdings
as the group's international non-life profit surged by 29
percent year-on-year, or 24 percent when excluding currency
effects, to 173.2bn yen ($1.5bn) in the financial year ended 31
March 2017.
Non-life net written premiums (NWP) increased by 28 percent to
just under 1.57tn yen as the impact of the HCC acquisition fed
through. The Japanese company closed the $7.5bn purchase of the
Texas-based carrier in October 2015.
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