Tokio Marine Group Outlooks Revised To Positive On Business And Asset Diversification; A+ Ratings Affirmed

S&P Global Ratings revised its outlook on Tokio Marine Group to positive from stable, affirming its 'A+' long-term ratings. The revision is based on the expectation that the group will further diversify its business and investment assets outside of Japan, which could lead to a ratings upgrade. S&P believes the group will maintain strong profitability and capital, supported by diversified revenue sources and advanced risk management. The positive outlook reflects a one-in-three chance that the ratings could exceed the sovereign rating on Japan.