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    8750   JP3476480003

DAI-ICHI LIFE HOLDINGS, INC.

(8750)
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Dai ichi Life : Supplementary Materials for the Three Months Ended June 30, 2021 (The Dai-ichi Frontier Life Insurance Co., Ltd.)

08/11/2021 | 07:46am EDT

[Unofficial Translation]

August 11, 2021

Seiji Inagaki

President and Representative Director

Dai-ichi Life Holdings, Inc.

Code: 8750 (TSE First section)

Supplementary Materials for the Three Months Ended June 30, 2021 (The Dai-ichi Frontier Life Insurance Co., Ltd.)

August 11,2021

Financial Results for the Three Months Ended June 30, 2021

The Dai-ichi Frontier Life Insurance Co., Ltd. (the "Company"; President: Masao Taketomi) announces its financial results for the three months ended June 30, 2021.

[Contents]

1.

Business Highlights

………

P. 1

2.

Investment Results of General Account

………

P. 3

3.

Unaudited Quarterly Balance Sheet

………

P. 6

4.

Unaudited Quarterly Statement of Earnings

………

P. 7

5.

Breakdown of Ordinary Profit (Fundamental Profit)

………

P. 9

6.

Solvency Margin Ratio

………

P. 11

7.

Separate Account Status

………

P. 12

8.

Consolidated Financial Summary

………

P. 12

Please note that this is an unofficial translation of the original disclosure in Japanese.

1. Business Highlights

(1) Annualized Net Premiums

Policies in Force

(millions of yen except percentages)

As of June 30, 2021

As of March 31, 2021

% of March 31,

2021 total

Individual insurance

418,614

421,482

100.7

Individual annuities

442,393

438,023

99.0

Total

861,007

859,506

99.8

Medical and survival benefits

1,581

1,884

119.1

New Policies

(millions of yen except percentages)

Three months ended

Three months ended

% of June 30,

June 30, 2020

June 30, 2021

2020 total

Individual insurance

5,705

12,039

211.0

Individual annuities

5,493

23,664

430.8

Total

11,199

35,704

318.8

Medical and survival benefits

-

311

-

Note: 1. Annualized net premiums are calculated by multiplying the per-premium payments by a multiplier

that depends on the premium payment terms. For single-premium contracts, the amount is calculated by dividing the premium by the duration of the policy.

2. "Medical and survival benefits" include annualized net premiums related to medical benefits

(e.g. hospitalization and surgery benefits), survival benefits (e.g. specified illness and nursing care benefits), and premiums related to premium waiver benefits (e.g. excluding disability-related causes but including causes related to specified illness and nursing care).

- 1 -

The Dai-ichi Frontier Life Insurance Co., Ltd.

(2) Policies in Force and New Policies

Policies in Force

As of March 31, 2021

As of June 30, 2021

Number of

Amount

Number of Policies

Amount

Policies

(millions of

(thousands)

% of March

(millions of

% of March

(thousands)

yen)

31, 2021 total

yen)

31, 2021 total

Individual insurance

734

5,154,172

737

100.4

5,169,450

100.3

Individual annuities

829

4,166,339

823

99.3

4,087,338

98.1

Group insurance

-

-

-

-

-

-

Group annuities

-

-

-

-

-

-

Note: Policy amount in force for individual annuities is equal to the sum of (a) the amount required to fund annuity payments when they commence for annuities that have not yet commenced paying out and (b) policy reserves for annuities that have commenced paying out.

New Policies

Number of Policies

Amount

% of

(millions of

% of

New

Net increase

(thousands)

June 30, 2020

June 30, 2020

from

yen)

Business

total

total

conversions

Three months ended June 30, 2021

Individual insurance

16

197.5

120,198

203.3

120,198

-

Individual annuities

31

266.6

157,022

315.1

157,022

-

Group insurance

-

-

-

-

-

-

Group annuities

-

-

-

-

-

-

Three months ended June 30, 2020

Individual insurance

8

59,131

59,131

-

Individual annuities

11

49,833

49,833

-

Group insurance

-

-

-

-

Group annuities

-

-

-

-

Note: Amount of new policies (new business) for individual annuities is equal to the amount required to fund annuity payments when they commence.

- 2 -

The Dai-ichi Frontier Life Insurance Co., Ltd.

2. Investment Results of General Account

(1) Asset Composition

(millions of yen except percentages)

As of March 31, 2021

As of June 30, 2021

Carrying value

%

Carrying value

%

Cash, deposits, and call loans

785,833

9.1

820,296

9.5

Securities repurchased under resale agreements

-

-

-

-

Deposit paid for securities borrowing transactions

-

-

-

-

Monetary claims bought

-

-

2,000

0.0

Trading account securities

-

-

-

-

Money held in trust

1,123,204

13.0

1,103,337

12.8

Securities

6,481,546

74.8

6,457,883

74.9

Domestic bonds

1,645,775

19.0

1,646,651

19.1

Domestic stocks

-

-

-

-

Foreign securities

4,650,664

53.7

4,626,101

53.7

Foreign bonds

4,650,664

53.7

4,626,101

53.7

Foreign stocks and other securities

-

-

-

-

Other securities

185,106

2.1

185,130

2.1

Loans

-

-

-

-

Real estate

95

0.0

92

0.0

Deferred tax assets

-

-

-

-

Others

270,224

3.1

233,457

2.7

Reserve for possible loan losses

(14)

(0.0)

(13)

(0.0)

Total

8,660,888

100.0

8,617,052

100.0

Foreign currency-denominated assets

5,213,036

60.2

5,101,640

59.2

Note:"Real estate" represents the value of buildings.

- 3 -

The Dai-ichi Frontier Life Insurance Co., Ltd.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Dai-ichi Life Holdings Inc. published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 05:35:03 UTC.


© Publicnow 2021
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Seiji Inagaki President & Representative Director
Koichiro Watanabe Chairman
George C Olcott Independent Outside Director
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