Dai-ichi Life Holdings

Financial Highlights: Dai-ichi Life Holdings (Consolidated)

Please refer to Dai-ichi Life Group's financial results.

Annualized Net Premium
Annualized net premium is calculated by using multipliers for various premium payment terms to the premium per payment. In single premium contracts, the amount is calculated by dividing the premium by the duration of the policy.
Fundamental Profit
Fundamental profit is an indicator that shows the fundamental profit situation of a life insurance company's core insurance business during the term under review. It consists of insurance-related income and expenditures such as premium income and payment of insurance claims and benefits and operating expenses, as well as investment-related income and expenditures centering on interests and dividends.
Capital Gain/Loss
Capital gain/loss is an indicator that shows temporary gain/loss related to asset management calculated by deducting capital expenses, such as losses on the sale of securities and foreign exchange losses, from capital income, such as gains on the sale of securities and foreign exchange gains.
Non-recurring Gain/Loss
Non-recurring gain/loss is an indicator that shows temporary gains/losses, such as gains/losses resulting from the provision and reversal of allowance for doubtful accounts and changes to valuation of insurance liabilities among ordinary profit and ordinary loss.
Embedded Value
EV (Embedded Value) is one of the indicators representing the corporate value of life insurance companies that is attributed to shareholders.
Value of New Business
EV related to new insurance contracts is referred to as the value of new business.

Selected Consolidated Financial Data

(millions of yen unless otherwise specified)

Year ended / As of March 31,
2017 2018 2019 2020 2021
Premium and other income 4,468,736 4,884,579 5,344,016 4,885,407 4,730,301
Investment income 1,626,177 1,802,626 1,583,228 1,876,634 2,719,584
Benefits and claims 3,618,385 3,789,907 3,839,105 4,870,794 5,001,109
Ordinary profit 425,320 471,994 432,945 218,380 552,861
Provision for reserve for policyholder dividends 85,000 95,000 87,500 82,500 77,500
Net income attributable to shareholders of parent company 231,286 363,928 225,035 32,433 363,777
Comprehensive income 264,969 684,757 72,613 167,564 1,143,981
Total net assets 3,137,266 3,749,271 3,713,592 3,776,918 4,807,129
Total assets 51,985,850 53,603,028 55,941,261 60,011,999 63,593,705
BPS (yen) 2,668.61 3,217.68 3,240.72 3,344.23 4,329.08
Net income per share (yen) 196.62 310.69 194.43 28.53 325.61
Diluted net income per share (yen) 196.48 310.45 194.29 28.51 325.41
Capital ratio 6.0% 7.0% 6.6% 6.3% 7.6%
ROE 7.6% 10.6% 6.0% 0.9% 8.5%
PER 10.2 6.3 7.9 45.4 5.8
Cash flows from operating activities 1,376,809 1,169,136 1,696,993 590,084 -79,904
Cash flows from investing activities -2,260,016 -1,015,438 -1,347,136 -896,437 551,362
Cash flows from financing activities 910,086 -85,421 -143,428 784,869 65,587
Cash and cash equivalents at the end of the year 980,465 1,033,022 1,237,077 1,697,582 2,262,910
Number of employees 62,606 62,943 62,938 63,719 64,823
  • Note1:
    The data is an extract from the information contained in Company's financial results. For detail, please refer to the Company's financial results posted on the website.
  • Note2:
    The Company conducted a 1:100 share split on October 1, 2013.

BASIS FOR PRESENTATION

The accompanying consolidated financial statements have been prepared from the accounts maintained by Dai-ichi Life Holdings, Inc. and its consolidated subsidiaries in accordance with the provisions set forth in the Financial Instruments and Exchange Act, and in conformity with accounting principles generally accepted in Japan ("Japanese GAAP") which are different in certain respects from the application and disclosure requirements of International Financial Reporting Standards.