First-half profit for Tokio Marine pleases markets
Japanese insurer Tokio Marine booked a net profit of ¥62.5bn for the first six months of fiscal 2012, down 21% year on year. However, its share price was up in the market as the result was strong in comparison to its two main rivals. Tokio Marine also cut its full financial year profit forecast to ¥90bn ($1.11bn) from ¥105bn.