T&D : 【Daido Life Insurance Company】Non-Consolidated Financial Statements for the Fiscal Year Ended March 31, 2016(188 KB)

As of March 31, 2015

As of March 31, 2016

Increase (decrease)

Assets:

Cash and deposits Deposit

Call loans

Monetary claims purchased Securities

Government bonds Municipal bonds Corporate bonds Domestic stocks Foreign securities Other securities

Loans

Policy loans Commercial loans

Tangible fixed assets Land Buildings Lease Assets

Construction in progress Other tangible fixed assets

Intangible fixed assets Software Lease Assets

Other intangible fixed assets Due from agencies

Due from reinsurers Other assets

Accounts receivable Prepaid expenses Accrued income Deposit for rent

Initial margins of futures markets Derivatives Suspense payable

Other assets

Reserve for possible loan losses

153,567

309,041

155,473

153,567

309,041

155,473

43,700

-

(43,700)

243,380

187,117

(56,263)

4,851,499

4,966,940

115,441

1,449,547

1,461,516

11,969

232,541

228,001

(4,539)

1,221,405

1,214,562

(6,842)

278,772

286,275

7,503

1,578,059

1,658,261

80,202

91,174

118,323

27,148

492,097

464,892

(27,205)

77,234

76,139

(1,095)

414,862

388,752

(26,109)

127,706

129,040

1,334

77,424

75,447

(1,976)

45,975

51,504

5,529

590

801

210

2,533

34

(2,498)

1,183

1,252

68

7,875

8,215

340

7,062

7,196

134

-

304

304

813

715

(98)

637

617

(19)

340

510

169

57,607

86,037

28,430

23,931

48,286

24,354

1,056

1,465

408

20,813

21,281

467

2,571

2,348

(223)

-

1,685

1,685

7,792

9,051

1,258

786

1,167

381

655

752

96

(436)

(387)

49

Total assets

5,977,975

6,152,026

174,051

As of March 31, 2015

As of March 31, 2016

Increase (decrease)

Liabilities:

Policy reserves

Reserve for outstanding claims Policy reserve

Reserve for policyholder dividends Due to reinsurers

Other liabilities

Income taxes payable Accounts payable Accrued expenses Unearned income Deposit received Guarantee deposits Derivatives Lease obligations

Asset retirement obligations Suspense receipt

Reserve for bonus to directors and audit &

supervisory board members

Reserve for employees' retirement benefits Reserve for price fluctuations

Deferred tax liabilities

5,125,125

5,301,162

176,036

39,953

38,604

(1,349)

5,019,059

5,200,368

181,309

66,112

62,188

(3,923)

475

552

76

48,312

84,157

35,844

2,701

2,267

(433)

20,283

50,306

30,022

10,139

10,060

(78)

849

492

(357)

516

484

(32)

6,115

6,345

229

4,248

10,138

5,889

626

1,191

565

1,813

1,851

38

1,018

1,019

1

65

66

1

17,447

21,830

4,383

77,108

79,655

2,547

29,060

778

(28,282)

Total liabilities

5,297,596

5,488,203

190,606

Net assets: Common stock Capital surplus

Capital reserve Retained earnings

Legal reserve for future losses Other retained earnings

Provision for advanced depreciation

on real estate General reserve

Unappropriated retained earnings Total stockholders' equity

Net unrealized gains on securities

Total valuation and translation adjustments

110,000

110,000

-

35,054

35,054

-

35,054

35,054

-

243,811

288,445

44,634

23,774

25,743

1,968

220,036

262,702

42,665

1,100

1,113

13

132,000

150,000

18,000

86,936

111,589

24,652

388,865

433,499

44,634

291,513

230,323

(61,189)

291,513

230,323

(61,189)

Total net assets

680,379

663,823

(16,555)

Total liabilities and net assets

5,977,975

6,152,026

174,051

Year ended March 31, 2015

Year ended March 31, 2016

Increase (Decrease)

Ordinary revenues

981,052

935,739

(45,313)

Income from insurance premiums

Insurance premiums

Ceded reinsurance recoveries

Investment income

Interest, dividends and income from real estate for rent

Interest income from deposits

Interest income and dividends from securities Interest income from loans

Interest from real estate for rent

Other income from interest and dividends Gains from monetary trusts, net

Gains on investments in trading securities, net Gains on sales of securities

Gains on redemption of securities Foreign exchange gains, net

Reversal of reserve for possible loan losses Other investment income

Gains on separate accounts, net

Other ordinary income

Income related to withheld insurance claims and other payments for future annuity payments Income due to withheld insurance payments Reversal of reserve for outstanding claims

Other ordinary income

792,715

748,914

(43,800)

791,738

747,740

(43,998)

977

1,174

197

169,016

165,153

(3,863)

130,291

136,624

6,333

1,229

1,137

(91)

110,125

117,588

7,462

9,065

8,221

(843)

7,061

7,320

258

2,809

2,356

(452)

1

-

(1)

20,056

-

(20,056)

10,183

21,287

11,103

-

3,198

3,198

1,099

1,731

632

155

48

(107)

4,420

2,262

(2,157)

2,808

-

(2,808)

19,320

21,671

2,350

13,994

14,628

634

1,856

1,538

(317)

-

1,349

1,349

3,469

4,155

685

Ordinary expenses

883,588

845,431

(38,156)

Insurance claims and other payments

Insurance claims Annuity payments Insurance benefits Surrender payments Other payments Reinsurance premiums

Provision for policy and other reserves Provision for reserve for outstanding claims Provision for policy reserve

Interest portion of reserve for policyholder dividends

Investment expenses

Interest expenses

Losses on investments in trading securities, net Losses on sales of securities

Devaluation losses on securities Losses from derivatives, net Depreciation of real estate for rent Other investment expenses Losses on separate accounts, net

Operating expenses Other ordinary expenses

Payments related to withheld insurance claims Taxes

Depreciation

Provision for reserve for employees' retirement benefits

Other ordinary losses

494,272

502,896

8,624

149,819

152,283

2,463

45,961

48,171

2,210

86,270

79,265

(7,004)

199,756

204,760

5,003

10,619

16,209

5,589

1,844

2,205

361

231,264

181,357

(49,907)

1,369

-

(1,369)

229,805

181,309

(48,496)

89

48

(41)

39,128

34,443

(4,685)

19

32

13

-

7,823

7,823

2,006

6,540

4,534

568

4,101

3,533

20,589

774

(19,814)

2,891

2,658

(232)

13,053

12,038

(1,015)

-

472

472

99,152

102,531

3,378

19,770

24,203

4,433

2,786

3,034

247

7,911

8,254

343

3,910

3,903

(7)

3,231

7,183

3,952

1,930

1,827

(102)

Ordinary profit

97,464

90,307

(7,156)

Year ended March 31, 2015

Year ended March 31, 2016

Increase (Decrease)

Extraordinary gains

-

13,202

13,202

Gains on disposal of fixed assets State subsidy

-

-

13,152

50

13,152

50

Extraordinary losses

2,653

8,789

6,135

Losses on disposal of fixed assets

365

800

435

Impairment losses

-

3,938

3,938

Provision for reserve for price fluctuations

2,263

2,547

283

Losses on reduction of real estate

-

48

48

Head office transfer cost

24

1,454

1,430

Provision for reserve for policyholder dividends

14,462

13,788

(674)

Income before income taxes

80,348

80,932

584

Current income taxes

28,104

29,351

1,247

Deferred income taxes

1,064

(2,896)

(3,960)

Total income taxes

29,168

26,455

(2,712)

Net income

51,180

54,476

3,296