[Reference]
Non-Consolidated Financial Data of the Three Life Insurance Companies for the Fiscal Year Ended March 31, 2019
May 15, 2019
Status of New Policy: Individual Insurance and Annuity
Annualized premiums of new policies
(Billions of yen)
Third Sector* annualized premiums of new policies
(Billions of yen)
New policy amount
(Billions of yen)
137.0
158.8
120.3
58.9
38.3
28.6
6,506.4
5,681.2
5,036.9
FY2016 FY2017 FY2018
FY2016 FY2017 FY2018
*Medical benefits, living benefits, and others.
FY2016 FY2017 FY2018
(Billions of yen)
Sum of Three Companies | Taiyo Life | Daido Life | T&D Financial Life | |||||||
FY2018 | Change | FY2018 | Change | FY2018 | Change | FY2018 | Change | |||
Annualized premiums of new | 158.8 | +38.4 | 38.6 | +11.2 | 108.6 | +30.2 | 11.5 | (2.9) | ||
policies | +32.0% | +40.9% | +38.6% | (20.6%) | ||||||
Third Sector products | 58.9 | +20.5 | 16.3 | +3.0 | 42.3 | +17.4 | 0.2 | +0.0 | ||
+53.7% | +22.9% | +70.3% | +33.3% | |||||||
New policy amount* | 5,681.2 | +644.3 | 1,196.6 | (490.1) | 4,170.4 | +1,174.9 | 314.1 | (40.5) | ||
+12.8% | (29.1%) | +39.2% | (11.4%) | |||||||
*The amount adding Daido Life's critical illness insurance amount of "J-type product," disability protection insurance amount of "T-type product" and nursing- care insurance amount of "Kaigo Relief" and "Kaigo Teiki Hoken" are as follows:
Sum of Three Companies: ¥9,985.7 billion (up 37.3% year on year), Daido Life: ¥8,474.8 billion (up 62.0% year on year)
Note 1. "Change" is presented in comparison with the same period of the previous fiscal year. | 1 |
2. New policy amount includes increase from conversion. |
Status of Policy in Force: Individual Insurance and Annuity
Annualized premiums of total policies | Third Sector* annualized premiums of total policies | Policy amount in force | ||||||||||||||||
(Billions of yen) | (Billions of yen) | 251.0 | (Billions of yen) | |||||||||||||||
1,549.5 | ||||||||||||||||||
1,498.4 | 1,506.0 | 191.1 | 211.9 | 61,446.2 | 60,869.5 | 60,249.7 | ||||||||||||
2017/03 | 2018/03 | 2019/03 | 2017/03 | 2018/03 | 2019/03 | 2017/03 | 2018/03 | 2019/03 | |||||||
*Medical benefits, living benefits, and others. | |||||||||||||||
(Billions of yen) | |||||||||||||||
Sum of Three Companies | Taiyo Life | Daido Life | T&D Financial Life | ||||||||||||
2019/03 | Change | 2019/03 | Change | 2019/03 | Change | 2019/03 | Change | ||||||||
Annualized premiums of total | 1,549.5 | +43.4 | 613.9 | (4.4) | 820.3 | +48.7 | 115.2 | (0.8) | |||||||
policies | +2.9% | (0.7%) | +6.3% | (0.7%) | |||||||||||
Third Sector products | 251.0 | +39.0 | 110.7 | +5.0 | 137.6 | +34.0 | 2.5 | +0.0 | |||||||
+18.4% | +4.8% | +32.8% | +1.1% | ||||||||||||
Policy amount in force* | 60,249.7 | (619.7) | 19,945.6 | (1,208.8) | 38,131.1 | +468.8 | 2,172.9 | +120.2 | |||||||
(1.0%) | (5.7%) | +1.2% | +5.9% | ||||||||||||
*The amount adding Daido Life's critical illness insurance amount of "J-type product," disability protection insurance amount of "T-type product" and nursing- care insurance amount of "Kaigo Relief" and "Kaigo Teiki Hoken" are as follows:
Sum of Three Companies: ¥ 69,264.6 billion (up 4.9% from the previous fiscal year-end), Daido Life: ¥ 47,146.0 billion (up 10.1% from the previous FYE)
Note: "Change" is presented in comparison with the previous FYE.
2
Market Consistent Embedded Value: MCEV [Preliminary]
Group MCEV | Value of New Business (Sum of Three Companies) | |||||||||
(Billions of yen) | (Billions of yen) | |||||||||
2,406.7 | 2,370.6 | 140.3 | ||||||||
2,298.0 | 2,290.5 | 129.4 | ||||||||
119.5 | ||||||||||
1,893.7 | 93.0 | |||||||||
56.3 | ||||||||||
2015/032016/032017/032018/032019/03FY2014FY2015FY2016FY2017FY2018
(Billions of yen) | |||||||||
T&D Life Group (Group MCEV) | Taiyo Life | Daido Life | T&D Financial Life | ||||||
2019/03 | Change | 2019/03 | Change | 2019/03 | Change | 2019/03 | Change | ||
MCEV | 2,370.6 | (36.1) | 856.2 | +31.1 | 1,417.7 | (55.4) | 98.5 | (4.0) |
Note 1. "Change" is presented in comparison with the previous fiscal year-end.
2. Group MCEV is the sum of "MCEV of life insurance business: ¥2,342.7 billion" and "net asset value of business other than life insurance business: ¥27.8 billion."
(Billions of yen) | |||||||||
T&D Life Group | Taiyo Life | Daido Life | T&D Financial Life | ||||||
(Sum of Three Companies) | |||||||||
FY2018 | Change | FY2018 | Change | FY2018 | Change | FY2018 | Change | ||
Value of new business | 140.3 | +10.8 | 55.3 | +14.3 | 84.8 | +0.6 | 0.1 | (4.1) |
Note 1. "Change" is presented in comparison with the same period of the previous fiscal year.
2. Value of New Business states the value of new policies (including conversion policies) sold during the appropriate fiscal year.
• Embedded Value ("EV") is one of the indices for evaluating the corporate value of life insurance companies, which is the sum of the "net asset value of net assets on the balance sheet, internal reserves such as reserve for price fluctuation and contingency reserve," and unrealized gains (losses) etc., of assets not marked to market," and the "current value of future expected profits derived from currently held insurance policies".
3
Earnings Forecasts for the Year Ending March 31, 2020
T&D Holdings (Consolidated)
(Billions of yen) | ||
Year Ended March 31, 2019 (Results) | Year Ending March 31, 2020 (Forecasts) | |
Ordinary revenues | 2,140.1 | Approx. 2,110 |
Ordinary profit | 146.9 | Approx. 122 |
Profit attributable to owners of parent | 72.8 | Approx. 64 |
Annual dividends per share for fiscal the year ended March 31, 2019 (schedule) has not been changed | |||||||
from the announcement on April 25, 2019. | (Yen) | ||||||
Year Ended March 31, 2019 (Schedule) | Year Ending March 31, 2020 (Forecast) | ||||||
Annual dividends per share | 42.0 (including interim dividends: 20.0) | 44.0 (including interim dividends: 22.0) | |||||
Earnings forecasts of the three life insurance companies (non-consolidated), which are the premise of | |||||||
the above, are as follows: | (Billions of yen) | ||||||
Taiyo Life | Daido Life | T&D Financial Life | |||||
Ordinary revenues | Approx. 840 | Approx. 1,010 | Approx. 230 | ||||
Ordinary profit | Approx. 37 | Approx. 84 | Approx. 0 | ||||
Net income | Approx. 15 | Approx. 49 | Approx. (1) | ||||
Note: Differences between the consolidated figures and the sum of the figures of the three life insurance companies are mainly due to
the intercompany reconciliation among the consolidated companies including the three life insurance companies. | |
* Actual results may differ significantly from the earnings forecasts stated above due to various factors going forward. | 4 |
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T&D Holdings Inc. published this content on 15 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2019 12:02:01 UTC