Who are Tokio Marine's main competitors?

Named competitors: MS&AD Insurance Group (8725.T), Sompo Holdings (8630.T), Chubb (CB), AIG (AIG). The cockpit's measured peer set (industry) also includes Travelers Companies (The) (TRV), Chubb (CB), PICC Property & Casualty (2328.HK), Fairfax Financial (FFH.TO), Hartford (The) (HIG), Sampo (SAMPO.HE).

Is Tokio Marine expensive compared with its peers?

On price / book it trades at 1.98× against a peer median of 1.94×, 4th most expensive of 8 in its peer set. The share price implies a return on equity of about 6.7%; Tokio Marine delivers 11.8%, so the price asks less than the business earns today.

How has Tokio Marine stock performed?

Over six months to 6 Nov 2026 the shares returned +35.0% against +16.0% for the median peer; over one year +28.0%.

← CockpitCompetitor Analysis › 8766.T Tokio Marine Holdings IncOpen in the cockpit ↗

Tokio Marine Holdings Inc8766.TCompetitor analysis, valuation and peers

Japan · JPY·Financials›Property/Casualty Insurance

Japan's largest property & casualty insurer, with large international operations including US specialty insurance.

≈ A Japanese Chubb/Travelers hybridMomentum leader 92

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$105B

US dollars, full cap

Free float

89%

of shares outstanding

$/day

$302M

20-day average traded

P/B

1.98×

price to book

ROE

11.8%

delivered

Implied ROE

6.7%

what the price asks

Next earnings

13 days

19 Nov 2026

Close · JPY¥8,075

1Dn/a

1W-0.3%

1M+11.2%

3M+10.7%

6M+35.0%

YTD+40.9%

1Y+28.0%

ATR %2.5%

52w lowhigh4.6% off high

What Tokio Marine does

Japan's largest property & casualty insurer, with large international operations including US specialty insurance.

Earns premiums on motor, fire and marine cover in Japan and, increasingly, on specialty risks abroad through acquired US firms including Philadelphia Consolidated, HCC and Delphi, which have made overseas the larger source of growth. It has been selling down the Japanese company shares it held for business ties.

In one line: A Japanese Chubb/Travelers hybrid.

Products and services

Domestic P&C insurance
Domestic life insurance
International insurance (Philadelphia, HCC, Delphi)
Asset management

Customers

Retail & commercial policyholders in Japan and int

Where it sits in the supply chain

Financials
Insurance
P&C underwriting (Japan +…

What could go right

US/international specialty insurance growth
Rising Japanese rates aiding investment income

What could go wrong

Natural catastrophe losses
Japan life/P&C market maturity

Moat: narrow (scale, distribution, brand). Largest Japanese insurer with an entrenched agent network and a diversified global underwriting book.

Headquarters: Tokyo, Japan · Founded: 1879 · Employees: 67,526

Named competitors

Tokio Marine at a glance

Size Tokio Marine (8766.T) is a Japan Financials company (Property/Casualty Insurance) with a market value of $105B, the 15th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥8,075 on 6 Nov 2026.

Performance Over six months the shares gained 35.0%, against +16.0% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 8 in its peer set.

Growth Revenue fell 0.2% over the last twelve months (peer median +3.4%); the operating margin is 11.6% (peer median 21.1%).

Valuation It trades at 1.98× book value against a peer median of 1.94× (4th most expensive of 8).

Price implies The share price implies a return on equity of about 6.7%; Tokio Marine delivers 11.8%, so the price asks less than the business earns today.

Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Tokio Marine against the median of its 7 peers (local-currency closes).

Tokio Marine financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥7.97T	¥8.77T	¥8.31T	¥7.08T	¥6.21T
Revenue growth	—	+6%	+17%	+14%	—
Net income	¥778B	¥531B	¥450B	¥696B	¥375B
Free cash flow	n/a	¥1.35T	¥1.99T	¥1.05T	¥983B
Capital expenditure	n/a	¥159B	¥133B	¥20.7B	¥24.9B
Total debt	¥773B	¥789B	¥746B	¥996B	¥1.06T

Quarterly statements and history in the cockpit →

Tokio Marine competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Tokio Marine is the large dot.

Fundamentals: return on equity against price-to-book

A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Tokio Marine is the large dot.

Capital: ROE delivered against the ROE the price implies

Above the diagonal = the price asks for a higher return on equity than the business earns today. Tokio Marine is the large dot.

Tokio Marine competitors and peer comparison

Head to head with its named competitors (8766.T vs 8725.T vs 8630.T vs CB)
Company	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE
Tokio Marine 8766.T	$105B	+35%	0%	12%	1.98×	6.7%
Ms&ad Ins Gp Hldgs 8725.T	$44.4B	+22%	+21%	17%	1.07×	6.9%
Sompo 8630.T	$39.6B	+17%	+41%	15%	1.14×	6.2%
Chubb CB	$139B	+15%	+6%	15%	1.91×	9.4%
American International AIG	$40.7B	+2%	+1%	8%	1.04×	7.5%

How Tokio Marine compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tokio Marine against its 7 peers (data as of 6 Nov 2026)
Measure	8766.T	Peer median	Rank in peer set
1-month return	+11.2%	+9.8%	3rd highest of 8
6-month return	+35.0%	+16.0%	highest of 8
Return on equity	11.8%	16.5%	lowest of 8
Price / book	1.98×	1.94×	4th most expensive of 8
Trailing P/E	20.9×	10.4×	2nd most expensive of 8
ROE the price implies	6.7%	11.3%	2nd least demanding of 8
ROE delivered	11.8%	16.5%	lowest of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE	Delivered ROE
Tokio Marine 8766.T	Japan	$105B	+35%	0%	12%	1.98×	6.7%	11.8%
Travelers Companies (The) TRV	United States	$81.0B	+33%	+1%	28%	2.79×	13.9%	27.5%
Chubb CB	United States	$139B	+15%	+6%	15%	1.91×	9.4%	15.5%
PICC Property & Casualty 2328.HK	Hong Kong	$48.9B	+16%	+9%	17%	1.09×	5.8%	16.5%
Fairfax Financial FFH.TO	Canada	$42.7B	+21%	-1%	16%	1.40×	7.0%	15.8%
Hartford (The) HIG	United States	$35.8B	+1%	+4%	23%	1.94×	11.3%	22.7%
Sampo SAMPO.HE	Finland	$29.1B	+10%	+2%	16%	3.60×	11.3%	16.5%
QBE Insurance QBE.AX	Australia	$27.7B	+19%	+3%	19%	2.37×	11.3%	19.1%

Questions

Who are Tokio Marine's main competitors?: Named competitors: MS&AD Insurance Group (8725.T), Sompo Holdings (8630.T), Chubb (CB), AIG (AIG). The cockpit's measured peer set (industry) also includes Travelers Companies (The) (TRV), Chubb (CB), PICC Property & Casualty (2328.HK), Fairfax Financial (FFH.TO), Hartford (The) (HIG), Sampo (SAMPO.HE).
Is Tokio Marine expensive compared with its peers?: On price / book it trades at 1.98× against a peer median of 1.94×, 4th most expensive of 8 in its peer set. The share price implies a return on equity of about 6.7%; Tokio Marine delivers 11.8%, so the price asks less than the business earns today.
How has Tokio Marine stock performed?: Over six months to 6 Nov 2026 the shares returned +35.0% against +16.0% for the median peer; over one year +28.0%.