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Brazil: Tokio Marine unit posts $1.1 billion in net revenue

March 6, 2014 - 6:00am

Tokio Marine & Nichido Fire Insurance Co. Ltd.'s Brazilian subsidiary reported 2.6 billion Brazilian reals ($1.1 billion) in net revenue from premiums in 2013, a 26.2% increase from the year prior.

Pre-tax net income increased to BRL 76.1 million from BRL 67.5 million in 2012, reported. Meanwhile, claims payments for the year totaled BRL 1.35 billion.

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