Tokio Marine lowers profit forecast on quakes

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<abstract displayLabel="Summary">Tokio Marine Holdings Inc. has revised its profit forecast for fiscal 2010 downward as result of losses from the earthquakes in Japan and New Zealand attributed to its domestic and overseas subsidiaries. The Japanese insurance group said it expects net income to drop to US$884 million for the 2010 fiscal year ended March 31, 2011, from the previous forecast of Y115 billion -- Estimated exposure varies from Japan Earthquake, tsunami: company and estimated exposure</abstract>
<note type="statement of responsibility">Iris Lai</note>
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<title>BestWeek Asia/Pacific.- Hong Kong : A.M. Best Asia-Pacific, Ltd</title>
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<text>Issue 19, 10 may 2011 ; p. 10 </text>
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