.
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········································· P31Percentages are rounded to the nearest relevant percentage point. Therefore, the sums of each percentage do not always amount to 100%.
1. Business Highlights-
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:
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.
The policy amount in force for group annuities is equal to the amount of outstanding policy reserve.
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.
- New Policy Amount
(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:
Unless stated otherwise, % changes are presented in comparison with the same period of the previous year.
The number of new policies includes increase from conversion.
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.
The new policy amount for group annuity is equal to the initial premium payment.
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.
(3) Annualized Premiums
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
New policies
The new policies include net increase from conversion.
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).
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).
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.
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.
The amount of "Hospitalization benefits" indicates its daily amount to be paid.
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 .
The figures of "hospitalization benefits" for medical care insurance indicate the figures related to hospitalization due to illness.
The amount of occupational disabilities insurance represents its monthly insured amount.
(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:
(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 |
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:
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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