T&D : 【T&D Financial Life Insurance Company】Non-Consolidated Financial Statements for the Three Months Ended June 30, 2016(185 KB)

As of March 31, 2016

As of June 30, 2016

Increase (decrease)

Assets:

Cash and deposits Cash Deposit

Call loans Monetary trusts Securities

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

Loans

Policy loans Commercial loans

Tangible fixed assets Buildings Lease assets

Other tangible fixed assets Intangible fixed assets

Software

Other intangible fixed assets Due from agencies

Due from reinsurers Other assets

Accounts receivable Prepaid expenses Accrued income Deposit for rent Derivatives

Cash collateral paid for financial instruments

Suspense payable Other assets

Deferred tax assets

Reserve for possible loan losses

188,373

195,936

7,563

0

0

(0)

188,372

195,936

7,563

2,673

2,950

277

525,902

526,748

846

608,173

582,737

(25,436)

466,297

458,634

(7,663)

100

100

(0)

7,421

7,215

(206)

153

153

-

30,993

28,557

(2,436)

103,206

88,076

(15,130)

3,996

3,969

(26)

3,994

3,967

(26)

2

2

-

267

262

(4)

191

191

0

0

0

-

76

71

(4)

1,820

2,054

233

1,820

2,054

233

0

0

-

3

1

(1)

0

633

632

21,626

22,146

520

8,226

940

(7,285)

200

381

181

1,351

1,567

215

310

228

(81)

11,430

13,994

2,564

68

5,026

4,958

34

2

(32)

4

5

0

7,044

5,990

(1,053)

(1)

(1)

(0)

Total assets

1,359,879

1,343,432

(16,447)

As of March 31, 2016

As of June 30, 2016

Increase (decrease)

Liabilities:

Policy reserves

Reserve for outstanding claims Policy reserve

Reserve for policyholder dividends Due to agencies

Due to reinsurers Other liabilities

Income taxes payable Accounts payable Accrued expenses Deposit received Derivatives

Cash collateral received for financial

instruments Suspense receipt Other liabilities

Reserve for employees' retirement benefits

Reserve for price fluctuations

1,270,904

1,242,976

(27,927)

10,425

9,143

(1,281)

1,259,756

1,233,124

(26,632)

722

708

(13)

630

502

(128)

20

14

(6)

11,886

17,693

5,806

8

2

(6)

496

846

349

987

669

(317)

31

97

65

906

5,926

5,019

9,329

9,870

541

125

281

155

1

0

(0)

5,272

5,083

(189)

903

954

50

Total liabilities

1,289,619

1,267,224

(22,394)

Net assets: Capital stock Capital surplus

Capital reserve Retained earnings

Other retained earnings Unappropriated retained earnings

Total stockholders' equity

Net unrealized gains on securities

Total valuation and translation adjustments

56,000

56,000

-

46,000

46,000

-

46,000

46,000

-

(34,113)

(30,023)

4,090

(34,113)

(30,023)

4,090

(34,113)

(30,023)

4,090

67,886

71,976

4,090

2,373

4,231

1,857

2,373

4,231

1,857

Total net assets

70,260

76,207

5,947

Total liabilities and net assets

1,359,879

1,343,432

(16,447)

Three months ended June 30, 2015

Three months ended June 30, 2016

Increase (decrease)

Ordinary revenues

65,022

55,148

(9,874)

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

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

Gains on sales of securities

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 Reversal of policy reserve

Reversal of reserve for employees' retirement benefits

Other ordinary income

48,754

21,482

(27,272)

48,754

20,824

(27,930)

-

658

658

6,699

4,139

(2,560)

1,774

1,891

117

13

11

(1)

1,724

1,846

122

34

31

(2)

2

1

(1)

153

823

670

652

1,424

772

1

-

(1)

0

0

(0)

4,118

-

(4,118)

9,568

29,526

19,958

2,538

1,419

(1,118)

3

-

(3)

4,387

1,281

(3,105)

2,476

26,632

24,156

160

189

28

2

3

0

Ordinary expenses

64,603

49,767

(14,836)

Insurance claims and other payments

57,807

34,760

(23,046)

Insurance claims

7,071

8,588

1,516

Annuity payments

33,141

15,680

(17,460)

Insurance benefits

2,433

918

(1,514)

Surrender payments

13,017

8,349

(4,667)

Other payments

2,127

1,196

(930)

Reinsurance premiums

15

26

10

Provision for policy and other reserves

0

0

(0)

Interest portion of reserve for policyholder dividends

0

0

(0)

Investment expenses

3,014

11,987

8,973

Interest expenses

0

0

(0)

Losses from derivatives, net

2,968

4,783

1,815

Foreign exchange losses, net

30

3,533

3,503

Provision for reserve for possible loan losses

-

0

0

Other investment expenses

15

21

6

Losses on separate accounts, net

-

3,648

3,648

Operating expenses

3,301

2,685

(616)

Other ordinary expenses

479

333

(145)

Payments related to withheld insurance claims

18

13

(5)

Taxes

368

234

(133)

Depreciation

25

52

27

Other ordinary losses

66

32

(34)

Ordinary profit

419

5,380

4,961

Three months ended June 30, 2015

Three months ended June 30, 2016

Increase (decrease)

Extraordinary gains

-

-

-

Extraordinary losses

60

50

(9)

Losses on disposal of fixed assets

-

0

0

Provision for reserve for price fluctuations

36

50

14

Head office transfer cost

24

-

(24)

Reversal of reserve for policyholder dividends

0

0

0

Income before income taxes

358

5,330

4,971

Current income taxes

(689)

908

1,597

Deferred income taxes

779

331

(447)

Total income taxes

90

1,240

1,149

Net income

268

4,090

3,821