• Tokio Marine Holdings average return on tangible equity for 2022 was 18.36, a 7.12% increase from 2021.
• Tokio Marine Holdings average return on tangible equity for 2021 was 17.14, a 16.68% increase from 2020.
• Tokio Marine Holdings average return on tangible equity for 2020 was 14.69, a 2.3% increase from 2019.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.