TOKYO, Mar 23 (Pulse News Wire) – Tokio Marine Holdings,inc. (8766.T) resolved to implement a strategic partnership with National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.
The agreement includes strategic investment, collaboration in reinsurance, and joint ventures in mergers and acquisitions. National Indemnity will acquire approximately 2.5% of Tokio Marine's outstanding shares through a private placement of treasury shares. The deal aims to enhance long-term enterprise value and shareholder benefits while strengthening global competitiveness. Tokio Marine plans to offset potential dilution by purchasing up to ¥287.4 billion of its own shares from April 8 to September 2026.
The transaction price per share was set based on the volume-weighted average price of Tokio Marine’s stock over five trading days prior to the resolution date, discounted by 1.16% compared to the closing price on the last trading day before the resolution. Details of National Indemnity reveal strong financial backing and extensive experience in insurance and reinsurance. Founded in 1940, the company had total assets of $470.9 billion dollars as of December 31, 2025, and reported operating income of $37.03 billion dollars for the same period. The partnership seeks to leverage complementary strengths to drive sustainable growth and improve competitive positioning globally.
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