Tokio Marine×MS&AD Insurance Group Holdings

Different ways of making money, on the same scale.

Same yardstick

MetricTokio MarineFY ending Mar 2026MS&AD Insurance Group HoldingsFY ending Mar 2026
Revenue¥7.69T¥6.44T
COGS ratio——
Operating margin——
Net margin6.9%7.9%
FCF margin16.0%13.4%

Highlighted = best value for that metric

Money flows side by side

Chart height is proportional to revenue.

※ Cost of revenue is not disclosed; expenses are combined

※ Operating income is not disclosed; the chart goes straight to pretax income including investment gains

※ Cost of revenue is not disclosed; expenses are combined

※ Operating income is not disclosed; the chart goes straight to pretax income including investment gains

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