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    8750   JP3476480003

DAI-ICHI LIFE HOLDINGS, INC.

(8750)
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Dai ichi Life : (Updated) Notice on Partial Correction of Supplementary Materials for the Fiscal Year Ended March 31, 2021 (The Neo First Life Insurance)

06/22/2021 | 03:53am EDT

[Unofficial Translation]

June 22, 2021

Seiji Inagaki

Representative Director, President

Dai-ichi Life Holdings, Inc.

Code: 8750 (TSE First section)

Notice on Partial Correction of

Supplementary Materials for the Fiscal Year Ended March 31, 2021

(The Neo First Life Insurance Company, Limited)

Dai-ichi Life Holdings, Inc. hereby announces that Supplementary Materials for the Fiscal Year Ended March 31, 2021 (The Neo First Life Insurance Company, Limited), which was disclosed at 15:00 on May 14, 2021 through TDnet, was partially corrected.

1. Reason of Correction

Due to errors in some of the figures, partial corrections was made in the abovementioned material.

2. Details

P.3 (2. Policies in Force as of March 31, 2021 by Benefit)

The amount of Individual insurance and Total in Death benefits - General.

[Before correction]

(thousands, millions of yen)

Individual insurance

Individual

Group insurance

Total

annuities

Number

Number

Number

Number

of

Amount

of

Amount

of

Amount

of

Amount

policies

policies

policies

policies

General

423

1,451,065

423

1,451,065

Death benefits

Accidental

29

3,319,184

29

3,319,184

Others

[After correction]

(thousands, millions of yen)

Individual insurance

Individual

Group insurance

Total

annuities

Number

Number

Number

Number

of

Amount

of

Amount

of

Amount

of

Amount

policies

policies

policies

policies

General

423

1,449,616

423

1,449,616

Death benefits

Accidental

29

3,319,184

29

3,319,184

Others

1

Investor Contact: Investor Relations Group Corporate Planning Unit Dai-ichi Life Holdings, Inc. +81 50 3780 6930

This press release may contain statements that are "forward-looking statements" regarding our intent, belief or current expectations of management with respect to our future results of operations and financial condition. Any such forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, consumer sentiment, political events, level and volatility of interest rates, currency exchange rates, security valuations and competitive conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ.

2

May 14, 2021

Financial Results for the Fiscal Year Ended March 31, 2021

The Neo First Life Insurance Company, Limited (the "Company"; President: Yuji Tokuoka) announces its financial results for the fiscal year ended March 31, 2021.

[Contents]

Financial Results for the Fiscal Year Ended March 31, 2021

1.

Business Highlights ........................................................................................................

P.1

2.

Policies in Force as of March 31, 2021 by Benefit .........................................................

P.3

3.

Policyholder Dividends based on Financial Results

for the Year ended March 31, 2021 ................................................................................

P.3

4.

Investment of General Account Assets for the Fiscal Year Ended March 31, 2021.......

P.4

5.

Unaudited Non-Consolidated Balance Sheet ..................................................................

P.9

6.

Unaudited Non-Consolidated Statement of Earnings .................................................

P.12

7.

Breakdown of Ordinary Profit (Fundamental Profit)....................................................

P.15

8.

Unaudited Non-Consolidated Statement of Changes in Net Assets .............................

P.16

9.

Disclosed Claims Based on Categories of Obligors .....................................................

P.18

10.

Risk-Monitored Loans ................................................................................................

P.18

11.

Solvency Margin Ratio ...............................................................................................

P.19

12.

Status of Separate Account for the Fiscal Year Ended March 31, 2021 .....................

P.19

13.

Consolidated Financial Summary ...............................................................................

P.19

* 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 March 31, 2020

As of March 31, 2021

% of March

% of March

31, 2019 total

31, 2020 total

Individual insurance

139,508

103.3

140,557

100.8

Individual annuities

10

242.3

14

139.7

Total

139,518

103.3

140,571

100.8

Medical and survival

18,667

184.0

26,869

143.9

benefits

New Policies

(millions of yen except percentages)

Year ended March 31, 2020

Year ended March 31, 2021

% of March

% of March

31, 2019 total

31, 2020 total

Individual insurance

10,973

9.4

12,094

110.2

Individual annuities

Total

10,973

9.4

12,094

110.2

Medical and survival

9,483

170.7

9,589

101.1

benefits

(Notes) 1. Annualized net premiums are calculated by using multipliers for various premium payment terms to the premium per payment.

2. Annualized net premium for medical and survival benefits includes (a) premiums related to medical benefits such as hospitalization and surgery benefits, (b) premiums related to survival benefits such as specific illness and nursing benefits, and (c) premiums related to premium waiver benefits, in which the disability cause is excluded but causes such as specific illness and nursing care are included.

1

The Neo First Life Insurance Company, Limited

(2) Sum Insured of Policies in Force and New Policies

Policies in Force

As of March 31, 2020

As of March 31, 2021

Number of policies

Amount

Number of policies

Amount

(thousands)

(billions of yen)

(thousands)

(billions of yen)

% of March

% of March

% of March

% of March

31, 2019 total

31, 2019 total

31, 2020 total

31, 2020 total

Individual insurance

354

158.7

1,208.8

133.9

482

135.9

1,449.6

119.9

Individual annuities

0

200.0

0.1

210.2

0

150.0

0.2

125.8

Group insurance

Group annuities

Note: The amount of individual annuities shows policy reserves for policies after the commencement of annuities.

New Policies

Year ended March 31, 2020

Year ended March 31, 2021

Number of policies

Amount (billions of yen)

Number of policies

Amount (billions of yen)

(thousands)

(thousands)

% of

% of

New

Net increase

% of

% of

New

Net increase

March 31,

March 31,

by

March 31,

March 31,

by

Business

Business

2019 total

2019 total

conversions

2020 total

2020 total

conversions

Individual insurance

147

122.9

283.8

121.9

283.8

150

101.6

250.9

88.4

250.9

Individual annuities

Group insurance

Group annuities

(3) Profit and Loss Items

(millions of yen except percentages)

Year ended March 31, 2020

Year ended March 31, 2021

% of March 31,

% of March 31,

2019 total

2020 total

Premium and other income

144,382

79.7

159,538

110.5

Investment income

152

280.0

265

173.8

Benefits and claims

28,119

260.4

53,336

189.7

Investment expenses

4

2,479.9

13

263.1

Ordinary profit (loss)

(16,310)

191.7

(14,136)

86.7

(4) Total Assets

(millions of yen except percentages)

As of March 31, 2020

As of March 31, 2021

% of March 31,

% of March 31,

2019 total

2020 total

Total assets

244,399

155.2

352,842

144.4

2

The Neo First Life Insurance Company, Limited

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 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 07:52:05 UTC.


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Technical analysis trends DAI-ICHI LIFE HOLDINGS, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
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Last Close Price 2 352,50 JPY
Average target price 2 482,31 JPY
Spread / Average Target 5,52%
EPS Revisions
Managers and Directors
Seiji Inagaki President & Representative Director
Koichiro Watanabe Chairman
George C Olcott Independent Outside Director
Rieko Sato Independent Outside Director
Ungyong Shu Independent Outside Director
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