Q1 2023 Tokio Marine Holdings Inc Earnings Call Transcript
Good evening, everyone. Thank you for your participation. I'm the Group CFO. My name is Okada. Today, we have announced our fiscal 2022 first quarter results.
So let me first explain about the first quarter earnings of Tokio Marine Group. Without further (inaudible), please turn to Page 3 of the presentation material. There are mainly 3 points that I would like to convey to you today. First, although we are under the impact of COVID and natural catastrophe, strong results are maintained on a normalized basis, exceeding the original plan. Second, while the entire Taiwan B&C market is hit with losses related to sudden surge in case numbers of COVID, our own Taiwanese business is no exception. We (inaudible) on booking some one-off losses in the second quarter.
Third, our full year projections based on these factors, indeed, we need to consider the Taiwan and other transient effects of COVID-19 and also incorporate the resurgence of COVID-19 outside of Taiwan, full year
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