TOKIO MARINE UNDERWRITING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Syndicate 308 is in run-off and its principal activity is administering the policies which remain in-force. The 2018 year of account will remain open at 31 December 2024 as there remain barriers to closure.”
• “On 7 October 2022, the Lloyd's Capacity Transfer Panel (CTP) approved an application to merge Tokio Marine Kiln Catastrophe Syndicate 557 (Syndicate 557), a managed syndicate of TMKS, into the 2023 year of account of Syndicate 510.”
• “On 6 September 2024, the Lloyd's CTP approved an application to merge Syndicate 1880 into the 2025 year of account of Syndicate 510.”
• “As at 31 December 2024, Syndicate 557 has closed. Effective 1 January 2025, the assets and liabilities of the 2022 and prior underwriting years of account of Syndicate 557 transferred to Syndicate 510's 2023 underwriting year of account.”
• “The net claims ratio of 54.3% compares adversely to prior year (47.2%), driven by an increase in provisions held for potential exposures arising from the Russia invasion of Ukraine.”
• “Catastrophe losses contributed 6.2% (2023: 4.5%) to the net claims ratio and included weather related losses from Hurricanes Helene and Milton.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.7%

  £1,469,800,000 → £1,495,400,000

• Cash

  +50.6%

  £109,500,000 → £164,900,000

• Net assets

  +39.7%

  £234,500,000 → £327,500,000

• Employees

  —

  Not reported

• Operating profit

  -33.7%

  £175,900,000 → £116,600,000

• Profit before tax

  -31.9%

  £172,000,000 → £117,200,000

• Wages

  +9.6%

  £27,100,000 → £29,700,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers