Supplementary Materials for the Fiscal Year Ended March 31, 2017‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

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1. Business Highlights

(1) Total Policy Amount in Force ·················································································· P2 (2) New Policy Amount······························································································ P2 (3) Annualized Premiums ··························································································· P2 (4) Surrender and Lapse Amount··················································································· P3 (5) Surrender and Lapse Rate ······················································································· P3 (6) Policy Amount in Force by Benefit Types ···································································· P3 2. Status of General Account Assets

(1) Investment Performance························································································· P5 (2) Asset Composition ······························································································· P6 (3) Changes in the Amount of Assets by Categories····························································· P6 (4) Investment Income ······························································································· P7 (5) Investment Expenses····························································································· P7 (6) Net Investment Income ·························································································· P7

(7) Investment Yield and Average Daily Balance by Asset Categories ······································· P8 (8) Securities ·········································································································· P8 (9) Securities by Contractual Maturity Dates ····································································· P9 (10) Stock Holdings by Industry ··················································································· P10 (11) Loans············································································································· P10 (12) Loans to Domestic Companies by Company Size ························································· P11 (13) Loans by Collateral Type ···················································································· P11 (14) Loans by Contractual Maturity Dates ······································································· P11 (15) Loans by Industry ······························································································ P12 (16) Loans by Region································································································ P13 (17) Foreign Investments ··························································································· P13 (18) Valuation Gains (Losses) on Trading Securities ··························································· P14

(19) Fair Value Information on Securities (Except Trading Securities) ······································ P15 (20) Fair Value Information on Monetary Trusts ································································ P18 (21) Fair Value Information on Land, etc. ········································································ P18 (22) Fair Value Information on Derivative Transactions ······················································· P18 3. Status of Separate Account Assets

(1) Balance of Separate Account Assets ········································································· P25 (2) Status of Individual Variable Insurance ····································································· P25 (3) Status of Individual Variable Annuities ····································································· P26 4. Breakdown of Core Profit and Ordinary Profit

(1) Breakdown of Core Profit····················································································· P26 (2) Breakdown of Ordinary Profit················································································ P27 [Reference] Positive Spread/Negative Spread · ····························································· P27

5. Disclosed Claims under the Insurance Business Act ····················································· P28 6. Risk Monitored Loans ·························································································· P28 7. Solvency Margin Ratio ························································································· P30 8. Adjusted Net Assets ····························································································· P30 9. Total of General Account Assets and Separate Account Assets········································· P31

Percentages are rounded to the nearest relevant percentage point. Therefore, the sums of each percentage do not always amount to 100%.

1. Business Highlights‌‌‌
  1. Total Policy Amount in Force

    (Number: Thousands, 100 Millions of yen, %)

    Category

    As of March 31, 2016

    As of March 31, 2017

    Number

    Amount

    Number

    Amount

    Change (%)

    Change (%)

    Change (%)

    Change (%)

    Individual insurance

    6,421

    103.5

    176,657

    99.2

    6,635

    103.3

    175,457

    99.3

    Individual annuities

    1,341

    97.4

    43,178

    99.5

    1,286

    95.9

    41,954

    97.2

    Subtotal

    7,763

    102.4

    219,835

    99.2

    7,922

    102.1

    217,411

    98.9

    Group insurance

    -

    -

    98,853

    99.9

    -

    -

    99,481

    100.6

    Group annuities

    -

    -

    8,727

    98.6

    -

    -

    8,825

    101.1

    Notes:

  2. The policy amount in force for individual annuities is the sum of the annuitization value as of the start date of annuity payments for policies which annuity payments have not yet commenced and the amount of policy reserve for policies which annuity payments have commenced.

  3. The policy amount in force for group annuities is equal to the amount of outstanding policy reserve.

  4. The product "Hoken Kumikyoku Best", launched in October 2008 has its own product feature that treats each individual protection as basic policy and allows for combination of each individual protection (basic policy) into one product. Each individual protection is counted as one policy for this product.

  5. New Policy Amount
  6. (Number: Thousands, 100 Millions of yen, %)

    Category

    Year Ended March 31, 2016

    Number

    Amount

    Change (%)

    Change (%)

    New policies

    Increase from conversion

    Individual insurance

    1,092

    87.6

    19,306

    79.6

    13,052

    6,253

    Individual annuities

    55

    50.6

    2,035

    49.1

    2,050

    (15)

    Subtotal

    1,147

    84.7

    21,341

    75.1

    15,103

    6,238

    Group insurance

    -

    -

    215

    36.5

    215

    -

    Group annuities

    -

    -

    0

    5.4

    0

    -

    (Number: Thousands, 100 Millions of yen, %)

    Category

    Year Ended March 31, 2017

    Number

    Amount

    Change (%)

    Change (%)

    New policies

    Increase from conversion

    Individual insurance

    1,065

    97.5

    19,844

    102.8

    14,803

    5,041

    Individual annuities

    32

    58.9

    1,003

    49.3

    992

    10

    Subtotal

    1,098

    95.7

    20,848

    97.7

    15,795

    5,052

    Group insurance

    -

    -

    109

    51.0

    109

    -

    Group annuities

    -

    -

    21

    56,706.3

    21

    -

    Notes:

    1. Unless stated otherwise, % changes are presented in comparison with the same period of the previous year.

    2. The number of new policies includes increase from conversion.

    3. The new policy amount including increase from conversion for individual annuities is equal to the annuitization value as of the start date of annuity payments.

    4. The new policy amount for group annuity is equal to the initial premium payment.

    5. The product "Hoken Kumikyoku Best", launched in October 2008 has its own product feature that treats each individual protection as basic policy and allows for combination of each individual protection (basic policy) into one product. Each individual protection is counted as one policy for this product.

    6. (3) Annualized Premiums
      1. Policies in force

        (Millions of yen, %)

        Category

        As of March 31, 2016

        As of March 31, 2017

        Amount

        Change (%)

        Amount

        Change (%)

        Individual insurance

        313,940

        97.7

        312,726

        99.6

        Individual annuities

        332,449

        100.7

        323,837

        97.4

        Total

        646,389

        99.2

        636,563

        98.5

        Medical benefits, living benefits, and others

        100,255

        102.0

        103,213

        103.0

      2. New policies‌‌

      (Millions of yen, %)

      Category

      Year Ended March 31, 2016

      Year Ended March 31, 2017

      Amount

      Change (%)

      Amount

      Change (%)

      Individual insurance

      24,429

      112.0

      31,492

      128.9

      Individual annuities

      15,085

      43.4

      4,601

      30.5

      Total

      39,515

      69.9

      36,093

      91.3

      Medical benefits, living benefits, and others

      11,542

      121.7

      13,470

      116.7

      Notes:

      1. The new policies include net increase from conversion.

      2. The amount of annualized premium is the annual premium amount calculated by multiplying factors according to the premium payment method to a single premium payment amount (for lump-sum payment, the amount is the total premium divided by the insured period).

      3. The amount of "Medical benefits, living benefits, and others" represents annualized premium related to medical benefits (hospitalization benefits, surgical benefits, and others), living benefits (specified illness benefits, nursing care benefits, and others), and waiver of premium benefits (disability cause is excluded but causes such as specific illness and nursing care are included).

      (4) Surrender and Lapse Amount

      (Number: Thousands, 100 Millions of yen, %)

      Category

      Year Ended March 31, 2016

      Year Ended March 31, 2017

      Number

      Amount

      Number

      Amount

      Change (%)

      Change (%)

      Change (%)

      Change (%)

      Individual insurance

      366

      104.0

      11,961

      98.8

      384

      104.9

      11,981

      100.2

      Individual annuities

      18

      98.7

      598

      101.3

      17

      93.1

      576

      96.3

      Subtotal

      385

      103.8

      12,559

      98.9

      401

      104.3

      12,558

      100.0

      Group insurance

      -

      -

      35

      26.4

      -

      -

      7

      21.7

      Note: The product "Hoken Kumikyoku Best", launched in October 2008 has its own product feature that treats each individual protection as basic policy and allows for combination of each individual protection (basic policy) into one product. Each individual protection is counted as one policy for this product.

      (5) Surrender and Lapse Rate (Surrender and lapse amount /Policy amount in force at the beginning of the fiscal year)

      (%)

      Category

      Year Ended March 31, 2016

      Year Ended March 31, 2017

      Individual insurance

      6.71

      6.78

      Individual annuities

      1.38

      1.33

      Subtotal

      5.67

      5.71

      Group insurance

      0.04

      0.01

      (6) Policy Amount in Force by Benefit Types

      As of March 31, 2016 (Number: Thousands, 100 Millions of yen)

      Types

      Individual insurance

      Individual annuities

      Group insurance

      Total

      Number

      Amount

      Number

      Amount

      Number

      Amount

      Number

      Amount

      Death benefits

      General

      2,428

      167,466

      -

      -

      13,799

      98,826

      16,228

      266,292

      Accidental

      1,117

      11,531

      -

      -

      1,146

      4,535

      2,263

      16,067

      Others

      6

      41

      -

      -

      17

      16

      23

      57

      Survival benefits

      841

      6,350

      1,341

      43,178

      30

      26

      2,213

      49,555

      Hospitalization benefits

      Accidental

      1,460

      67

      34

      1

      675

      1

      2,170

      70

      Illness

      1,459

      66

      34

      1

      -

      -

      1,494

      67

      Others

      1,281

      63

      0

      0

      17

      0

      1,298

      63

      Disability

      243

      -

      -

      -

      905

      -

      1,149

      -

      Operation

      1,393

      -

      34

      -

      -

      -

      1,428

      -

      Others

      302

      2,839

      -

      -

      -

      -

      302

      2,839

      (Number: Thousands, 100 Millions of yen)

      Types

      Group annuities

      Workers' asset formation insurance and annuities

      Total

      Number

      Amount

      Number

      Amount

      Number

      Amount

      Survival benefits

      7,784

      8,727

      1

      42

      7,786

      8,770

      (Numbers: Thousands, Millions of yen)

      Types

      Medical care insurance

      Number

      Amount

      Hospitalization benefits

      178

      198

      (Numbers: Thousands, Millions of yen)

      Types

      Occupational disabilities insurance

      Number

      Amount

      Occupational disabilities benefits

      10

      115

      As of March 31, 2017 (Number: Thousands, 100 Millions of yen)

      Types

      Individual insurance

      Individual annuities

      Group insurance

      Total

      Number

      Amount

      Number

      Amount

      Number

      Amount

      Number

      Amount

      Death benefits

      General

      2,399

      164,222

      -

      -

      13,465

      99,454

      15,865

      263,677

      Accidental

      987

      10,002

      -

      -

      1,150

      4,595

      2,137

      14,598

      Others

      5

      37

      -

      -

      17

      22

      22

      59

      Survival benefits

      751

      5,677

      1,286

      41,954

      60

      26

      2,098

      47,657

      Hospitalization benefits

      Accidental

      1,406

      65

      31

      1

      700

      1

      2,138

      68

      Illness

      1,406

      64

      31

      1

      -

      -

      1,438

      65

      Others

      1,225

      60

      0

      0

      17

      0

      1,243

      60

      Disability

      295

      -

      -

      -

      918

      -

      1,213

      -

      Operation

      1,432

      -

      31

      -

      -

      -

      1,464

      -

      Others

      411

      5,557

      -

      -

      -

      -

      411

      5,557

      (Number: Thousands, 100 Millions of yen)

      Types

      Group annuities

      Workers' asset formation insurance and annuities

      Total

      Number

      Amount

      Number

      Amount

      Number

      Amount

      Survival benefits

      7,839

      8,825

      1

      41

      7,841

      8,866

      (Numbers: Thousands, Millions of yen)

      Types

      Medical care insurance

      Number

      Amount

      Hospitalization benefits

      144

      167

      (Numbers: Thousands, Millions of yen)

      Types

      Occupational disabilities insurance

      Number

      Amount

      Occupational disabilities benefits

      11

      122

      Notes:

      1. Each figure of group insurance, group annuities, workers' asset formation insurance, workers' asset formation annuities, medical care insurance (group type), and occupational disabilities represent the number of its insured.

      2. The amounts of " Survival benefits" represent the sum of the funds to be held at the time annuity payments are to start for an annuity for which payment has not yet commenced, and the amount of policy reserve for an annuity for which payments have commenced for individual annuities, group insurance (annuity rider), and workers' asset formation annuities (excluding workers' asset formation accumulation annuities). The amounts of "Survival benefits" represent the amount of policy reserve for group annuities, workers' asset formation insurance and worker's asset formation accumulation annuities.

      3. The amount of "Hospitalization benefits" indicates its daily amount to be paid.

      4. The figures of "Others" represents the total policies of whole life nursing care insurance, nursing care Type I and whole life survival benefit nursing care annuity insurance, and the amounts of "Others" represents the basic insurance payments of whole life nursing care insurance and whole life survival benefit nursing care annuity insurance .

      5. The figures of "hospitalization benefits" for medical care insurance indicate the figures related to hospitalization due to illness.

      6. The amount of occupational disabilities insurance represents its monthly insured amount.

    T&D Holdings Inc. published this content on 19 May 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 19 May 2017 02:08:19 UTC.

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