T&D Holdings Inc (OTCPK:TDHOF)

Full Year 2025 T&D Holdings Inc Earnings Call Transcript

May 15, 2025 / 10:59 AM GMT

Release Date Price: $21.57

Transcript

Key Points

Positve

Group adjusted profit for 2024 exceeded forecasts, reaching a record high of CNY141.5 billion.
Dividend per share for FY25 was revised up to CNY124, marking the 11th consecutive fiscal year of dividend increase.
Sales results of new policies for all three life insurance companies exceeded plans.
Value of new business increased by CNY166.1 billion.
The group MCEV amounted to 4 trillion and CNY181.3 billion, indicating strong financial health.

Negative

Surrender and lapse rates have risen in Taiyo and TDF, indicating potential customer retention issues.
Capital gains decreased at Dido Life due to losses on bond sales as part of a cash flow matching strategy.
Higher operating expenses are expected due to increased personal costs and IT system investments.
The company faces challenges with high surrender rates, particularly in the bancassurance channel.
Interest rate hikes pose a risk, with potential negative impacts on embedded value and surrender trends.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

8795.T - T&D Holdings Inc
Full Year 2025 T&D Holdings Inc Earnings Call
May 15, 2025 / NTS GMT

=====================
Presentation
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Unidentified_1 [1]
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This is Eto from IR department of TND Holdings.

Thank you very much for joining our earning school today.

The presentation is uploaded on our website in the IR event section.

Today for the 1st 10 minutes, I will go through the presentation, which will be followed by the Q&A session.

So without further ado, let's get started. Please turn to page 3.

I will explain the points of the financial results.

Group adjusted profit for 24 exceeded the full year forecast of CNY130 yuanan disclosed on February 14th and reached a record high of CNY141.5 CNY.

Adjusted ROE was 10.4%. The full year forecast for F5 25 was revised up to 146 Boyuan yuanan from the 140 Bo CNY CNY or

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