Tokio Marine premiums to hit $45.4b by 2028
Tokio Marine Holdings expects steady premium growth and stronger shareholder returns over the next few years, supported by pricing increases in Japan and the US.
According to a Morningstar Equity Analyst note, it expects Tokio Marine’s net earned premiums to rise from $39.6b (JPY6.28t) in fiscal 2025 to $41.1b (JPY6.53t) in 2026, before reaching $45.4b (JPY7.20t) by 2028.
Total revenue is forecast to increase from $49.8b (JPY7.9t) in 2025 to $57.6b (JPY9.14t) in 2028.
Morningstar said rate hikes in domestic motor and fire insurance, alongside selected US business lines, are expected to offset higher claims costs and normalised catastrophe losses.
It forecasts Tokio Marine’s combined ratio to remain below 95% in Japan and below 92% overseas, which it said reflects the insurer’s pricing strength.
Canara HSBC Life pays $27.1m bonus to policyholders
Canara HSBC Life Insurance has announced a bonus of $27.1m (INR271 crore) for the 2025 to 2026 financial year, benefiting around 233,000 policyholders holding participating (PAR) policies as of 31 March 2026.
The insurer said the bonus represents an 8.31% increase from the previous year, supported by the company’s financial position and investment strategy.
The declared amount will be added to policy benefits and paid according to policy terms, including at maturity, surrender, or other benefit events.
All participating policies that were active as of March 31, 2026, are eligible for the bonus.
Anuj Mathur, managing director and CEO of Canara HSBC Life Insurance, said the bonus reflects the company’s focus on delivering long-term value to policyholders through sustainable growth and prudent investment management.
China life premiums set to slow after 10.2% jump in 2025
China’s life insurance sector faces growing pressure from stock-market volatility and slower premium growth, which could lead to rising exposure to equities and expectations of weaker premium growth in 2026.
Fitch Ratings’ APAC Insurance Outlook 2026 said the recovery in capital markets supported stronger earnings in the first nine months of 2025.
“The recovery in capital markets supported better earnings metrics in 9M25, though the solvency position weakened as surplus generation lagged the pace of capital consumption driven by heightened market risk,” the report said.
Fitch said insurers have been increasing investments in high-dividend equities whilst reducing exposure to alternative investments, making earnings more sensitive to stock-market movements and less predictable.
“We expect this trend to continue, on prolonged low long-term yields and the adoption of IFRS 9in 2026, which allows long-term equity investments to be classified under fair value through other comprehensive income, smoothing out earnings volatility,” it added.
