A++ Superior
A.M. Best
AA- Very Superior
Standard & Poor's
 

Highlights & Ratings

Highlights
As at 31 December 2015
  • TOTAL ASSETS
    US$3,850.8
    Million
    Last 5 Years 
    TOTAL ASSETS
    2011
    2012
    2013
    2014
    2015
  • NET PREMIUM WRITTEN
    US$1,339.3
    Million
    Last 5 Years 
    NET PREMIUM WRITTEN
    2011
    2012
    2013
    2014
    2015
  • LOSS RATIO
    54.3%
    Last 5 Years 
    LOSS RATIO
    2011
    2012
    2013
    2014
    2015
  • NET ASSETS
    US$1,205.9
    Million
    Last 5 Years 
    NET ASSETS
    2011
    2012
    2013
    2014
    2015
  • NET INCOME
    US$107.8
    Million
    Last 5 Years 
    NET INCOME
    2011
    2012
    2013
    2014
    2015
  • COMBINED RATIO
    92.6%
    Last 5 Years 
    COMBINED RATIO
    2011
    2012
    2013
    2014
    2015
Ratings
 
Tokio Millennium Re AG
Ratings and Analysis
As of February 18, 2016
For the latest rating, access www.ambest.com

 

Tokio Millennium Re AG Report Information on the most current rating is available at standardandpoors or from Standard & Poor's at (212) 438-2400. Ratings are not a guarantee of an insurer's financial strength nor a recommendation as to the insurer.

Parental Guarantee:

  • Tokio Millennium Re AG benefits from a parental guarantee originally issued on September 1, 2004 by Tokio Marine & Nichido Fire Insurance Co. Ltd. (“TMNF”); the parental guarantee was amended and restated as of July 1, 2015 to add Tokio Marine & Nichido Life Insurance Co. Ltd. (“TMNL”) as a co-guarantor under the parental guarantee (the “Parental Guarantee”).
  • TMNF and TMNL (collectively, the “Guarantor”) irrevocably guarantee to any holder (each a “Beneficiary”) of a reinsurance contract issued by Tokio Millennium Re AG the performance of the obligations of such reinsurance contracts in accordance with their terms and conditions.
  • The Guarantor declares the Parental Guarantee to be unconditional and irrevocable and that the Guarantor’s obligations under the Parental Guarantee shall not be affected by the genuineness, validity, regularity or enforceability of their obligations under such insurance policy and reinsurance contract.
  • Without limiting the unconditional nature of the Parental Guarantee, the rights, duties, obligations and liabilities of TMNF and TMNL as co-guarantors is several (and not joint), with TMNF sharing 60% and TMNL 40% of all such rights, duties, obligations and liabilities.
  • The Guarantor’s obligations under the Parental Guarantee rank pari passu with the claims of all of the respective Guarantor's other unsecured and unsubordinated creditors.