Taizo Ishiguro - Executive Officer, Head of Investor Relations

Satoru Komiya - Group Chief Executive Officer

Kenji Okada - Group Chief Culture Officer

Yoshiaki Nakahara - Group Chief Investment Officer

Masashi Namatame - Group Chief Digital Officer

Conference Call Participants

Masao Muraki - SMBC Nikko Securities

Natsumu Tsujino - BofA Securities Japan

Kazuki Watanabe - Daiwa Securities

Koki Sato - JPMorgan Securities Japan

Naruhiko Sakamaki - Mizuho Securities

Futoshi Sasaki - Nomura Securities

Wataru Otsuka - SBI Securities

Koichi Niwa - Citigroup Global Markets Japan

Tatsuo Majima - Tokai Tokyo Intelligence Laboratory

Taizo Ishiguro

Thank you for joining us. I am Ishiguro of Global Communications. We will now start the earnings call for Tokio Marine Holdings overview of second quarter fiscal year 2024 results and full year projections.

Group CEO, Mr. Komiya and Group CFO, Mr. Okada will give an overview of our results and capital policy for about 15 minutes using the presentation document uploaded to our homepage today, after which we will open for questions.

Disclaimer before we begin. The presentation may include forward-looking statements based on future projections of current forecasts, which are subject to risks and uncertainties. Please be aware that actual results may differ materially. Recordings of the earnings call are available on request. Let us now start.

Hello, everyone. My name is Komiya, CEO of Tokio Marine Holdings. I thank you for your participation today and for your extended support towards Tokio Marine.

First of all, I will be explaining about the overview of second quarter earnings and key messages from the management. Please turn to Page 3. There are three key messages I would like to convey to you today. The first is