Tokio Marine Holdings, Inc. is an insurance holding company. The Company, along with its subsidiaries, is engaged in the non-life insurance and life insurance businesses. It operates in three segments: property and casualty, life and others. The property and casualty segment is engaged in underwriting property and casualty insurance and related investment activities. The life segment is engaged in underwriting life insurance and related investment activities. The others segment includes securities investment advisory, securities investment trusts business, derivatives business, staffing business, real estate management business and elderly care business. In December 2008, the Company acquired Philadelphia Consolidated Holding Corp., a United States property and casualty insurance group. In March 2009, the Company sold to Banco Santander S.A., all its shares of a life insurance and pension affiliate in Brazil, held through its Brazilian property and casualty insurance subsidiary.