March 5, 2021

Ryosuke Mori, President

LIFENET INSURANCE COMPANY (Securities Code: 7157, TSE Mothers)

February 2021: MONTHLY DISCLOSURE

Annualized premium of policies-in-force was 18,460 million yen, 121% of February 2020

TOKYO, March 5, 2021 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President Ryosuke Mori, URL:https://ir.lifenet-seimei.co.jp/en/)announces the monthly business performance for February 2021.

Annualized premium*1 of new business in the month of February 2021 was 343 million yen (107% of February 2020), and the number of new business was 8,369 (111% of February 2020).

Accordingly, annualized premium*1 of policies-in-force was 18,460 million yen. The number of policies-in-force as of the end of February 2021 resulted in a total of 433,964, and sum insured of policies-in-force stands at 2,959,752 million yen.

In February 2021, insurance premiums and claims and benefits recorded 1,494 million yen (121% of February 2020) and 411 million yen (253% of February 2020), respectively.

Topics

Feb. 9

Financial Results for 3Q of Fiscal 2020 Ending March 31, 2021https://ir.lifenet-seimei.co.jp/en/library/earnings.html

Changes in Management Teamhttps://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20210209459408/pdfFile.pdf

Notice regarding a Transition to a Company with an Audit and Supervisory Committeehttps://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20210209459362/pdfFile.pdf

Lifenet Concludes Business Alliance Agreement with Money Forwardhttps://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20210209459144/pdfFile.pdf

Lifenet's steady growth of policies-in-force has been driven by the public's increasing support and interest in its Manifesto; to offer simple, convenient and competitively priced products and services based on the highest levels of business integrity. Lifenet will continue to build its customers' trust and satisfaction by improving our website and contact center, by ensuring thorough and transparent disclosure of information, and by adhering to our Manifesto, offering our products and services twenty four hours a day, seven days a week through the convenience of our website.

(Manifesto of Lifenethttps://ir.lifenet-seimei.co.jp/en/company/manifesto.html)

Number of new business, policies-in-force and premiums and claims (preliminary report)*2

Number of new business (month)

Feb. 2021

Feb. 2020

Number of new business

8,369

7,539

Sum insured of new business*3(million yen)

48,443

40,465

Annualized premium*1(million yen)

343

321

- excl. death coverage (million yen)

179

186

Number of new business (accumulated total)

Apr. 2020 - Feb. 2021

Apr. 2019 - Feb. 2020

Number of new business

91,754

73,166

Sum insured of new business*3(million yen)

524,853

370,102

Annualized premium*1 (million yen)

3,830

3,095

- excl. death coverage (million yen)

2,096

1,847

Number of policies-in-force

End of Feb. 2021

End of Feb. 2020

Number of policies-in-force

433,964

359,631

- Term Life

210,284

173,173

- Whole-life Medical

118,744

98,762

- Term Medical Care

8,877

9,139

- Long-term Disability

59,277

54,197

- Cancer

36,782

24,360

Sum insured of policies-in-force*3 (million yen)

2,959,752

2,536,404

Annualized premium*1 (million yen)

18,460

15,271

- excl. death coverage (million yen)

9,455

7,839

Insurance premiums and claims (million yen)

Feb. 2021

Feb. 2020

Insurance premiums

1,494

1,237

Insurance claims and benefits

411

162

  • *1: Annualized premium is the amount of money equivalent to what is to be paid to have the insurance coverage for one year. All payments for Lifenet products are in monthly installments, thus the annualized premium is calculated as multiplying the monthly premium by 12 months.

  • *2: This report is preliminary and may be different from the final settlement report.

  • *3: Sum insured of new business and sum insured of policies-in-force are the sum of death coverage, and do not include medical and survival coverage.

Contact:

Investor Relations, Corporate Planning Department

Tel: +81-3-5216-7900 e-mail:ir@lifenet-seimei.co.jp

Disclaimer: This is a summarized translation of the original Japanese document, prepared and provided solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

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Lifenet Insurance Co. published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 06:32:08 UTC.