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,
2016 2017 2018 2019 2020
Premium and other income 5,586,000 4,468,736 4,884,579 5,344,016 4,885,407
Investment income 1,344,852 1,626,177 1,802,626 1,583,228 1,876,634
Benefits and claims 3,830,941 3,618,385 3,789,907 3,839,105 4,870,794
Ordinary profit 418,166 425,320 471,994 432,945 218,380
Provision for reserve for policyholder dividends 97,500 85,000 95,000 87,500 82,500
Net income attributable to shareholders of parent company 178,515 231,286 363,928 225,035 32,433
Comprehensive income -592,867 264,969 684,757 72,613 167,564
Total net assets 2,932,959 3,137,266 3,749,271 3,713,592 3,776,918
Total assets 49,924,922 51,985,850 53,603,028 55,941,261 60,011,999
BPS (yen) 2,472.86 2,668.61 3,217.68 3,240.72 3,344.23
Net income per share (yen) 150.53 196.62 310.69 194.43 28.53
Diluted net income per share (yen) 150.44 196.48 310.45 194.29 28.51
Capital ratio 5.9% 6.0% 7.0% 6.6% 6.3%
ROE 5.5% 7.6% 10.6% 6.0% 0.9%
PER 9.1 10.2 6.3 7.9 45.4
Cash flows from operating activities 2,013,807 1,376,809 1,169,136 1,696,993 590,084
Cash flows from investing activities -2,265,659 -2,260,016 -1,015,438 -1,347,136 -896,437
Cash flows from financing activities -33,439 910,086 -85,421 -143,428 784,869
Cash and cash equivalents at the end of the year 961,221 980,465 1,033,022 1,237,077 1,697,582
Number of employees 61,446 62,606 62,943 62,938 63,719
  • 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.