T&D : Non-Consolidated Financial Statements for the Three Months Ended June 30, 2017

As of March 31, 2017

As of June 30, 2017

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

134,422

144,280

0

0

134,422

144,280

1,302

732

583,476

610,723

564,753

553,204

447,088

440,898

100

100

5,748

5,144

152

152

29,251

29,627

82,411

77,280

3,692

3,621

3,690

3,619

2

2

0

5

0

5

0

0

0

0

0

249

-

249

0

0

3

2

2,967

2,855

15,076

16,531

2,199

5,043

198

482

1,317

1,508

223

220

10,339

9,108

639

108

154

55

3

3

8,054

7,760

(1)

(1)

Total assets

1,313,747

1,339,964

As of March 31, 2017

As of June 30, 2017

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 Unearned income Deposit received Derivatives

Cash collateral received for financial

instruments Suspense receipt Other liabilities

Provision for employees' retirement benefits

Reserve for price fluctuations

1,224,914

1,245,568

10,297

9,845

1,213,963

1,235,082

652

640

334

846

1,112

1,030

10,083

14,426

8

2

509

3,421

869

770

0

-

31

136

1,323

805

7,210

8,443

129

847

0

0

5,193

5,047

1,207

1,291

Total liabilities

1,242,846

1,268,210

Net assets: Capital stock Capital surplus

Capital reserve Retained earnings

Other retained earnings Unappropriated retained earnings

Total shareholders' equity

Valuation difference on available-for-sale securities

Total valuation and translation adjustments

56,000

56,000

46,000

46,000

46,000

46,000

(31,972)

(31,390)

(31,972)

(31,390)

(31,972)

(31,390)

70,027

70,609

874

1,143

874

1,143

Total net assets

70,901

71,753

Total liabilities and net assets

1,313,747

1,339,964

Three months ended June 30, 2016

Three months ended June 30, 2017

Ordinary revenues

55,148

58,429

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 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

21,482

45,661

20,824

45,629

658

32

4,139

10,440

1,891

1,856

11

15

1,846

1,808

31

29

1

2

823

6,035

1,424

711

0

0

-

1,836

29,526

2,327

1,419

1,638

-

1

1,281

452

26,632

-

189

146

3

89

Ordinary expenses

49,767

57,527

Insurance claims and other payments

34,760

30,492

Insurance claims

8,588

8,588

Annuity payments

15,680

10,019

Insurance benefits

918

845

Surrender payments

8,349

9,606

Other payments

1,196

1,344

Reinsurance premiums

26

88

Provision for policy and other reserves

0

21,118

Provision for policy reserve

-

21,118

Interest portion of reserve for policyholder dividends

0

0

Investment expenses

11,987

2,292

Interest expenses

0

0

Losses on sales of securities

-

3

Losses from derivatives, net

4,783

2,020

Foreign exchange losses, net

3,533

240

Provision for reserve for possible loan losses

0

0

Other investment expenses

21

27

Losses on separate accounts, net

3,648

-

Operating expenses

2,685

3,206

Other ordinary expenses

333

417

Payments related to withheld insurance claims

13

16

Taxes

234

354

Depreciation

52

2

Other ordinary losses

32

44

Ordinary profit

5,380

902

Three months ended June 30, 2016

Three months ended June 30, 2017

Extraordinary gains

-

-

Extraordinary losses

50

83

Losses on disposal of fixed assets

0

-

Provision for reserve for price fluctuations

50

83

Reversal of reserve for policyholder dividends

0

0

Income before income taxes

5,330

818

Current income taxes

908

48

Deferred income taxes

331

188

Total income taxes

1,240

236

Net income

4,090

581