Non-life, Ratings, Reinsurance

AM Best affirms Toa Re ratings as net income nearly doubles in FY2024

The Japanese reinsurer's ratings were upheld with stable outlooks after profit in fiscal 2024 rose to JPY28.5bn (US$190m) on stronger underwriting and investment income.

Ralph Martinez

September 1, 2025

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2 min read

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.