New Medium-term Management Plan

FY2018-2020 Overview of
the New Medium-term Management Plan

With the changes in the external environment and intensification of competition, Dai-ichi Life Group launched a new medium-term management plan, CONNECT 2020, from fiscal year 2018. This plan aims to leverage the Group's strengths and further reinforce and expand our business foundation. As a result, we will achieve growth by further enhancing each Group business by focusing on the CONNECT concept, and contributing to the improvement of the quality of life for all.

figure: Reinforcement and Expansion of Business Foundation

Strategic Direction

  • • We will offer products and services using different distribution channels that help improve quality of life by building stronger relationships with customers, communities, and diverse business partners in a rapidly changing environment.
  • • We will create unique synergies by leveraging our global network as a competitive advantage and nurture the growth of each group company by strengthening our ties within the group in an intensely competitive market.

The Four Aspects
That Express the CONNECT Concept

figure : The Four Aspects That Express the CONNECT Concept
  • CONNECT better with customers

    Deliver products
    and services that
    improve quality of life
  • CONNECT deeper with communities

    Address
    social issues
    through our business
  • CONNECT with diverse partners

    Expand
    opportunities with
    outside partners
  • CONNECT tighter as a group

    Further synergies
    between
    group companies

Surrounding Environment and
Core Initiatives

Under CONNECT 2020, we will further enhance the three growth engines that make up our strengths against changes in the surrounding environment through the core initiatives below.

figure: Surrounding Environment and Core Initiatives

Management Objectives and Medium- to Long-term Vision

Group Management Objectives
(Quantitative Targets)

Indicators Objectives
Group Management
Objectives
(Quantitative Targets)
Accounting
Profit
Group Adjusted Profit
250 billion yen in FY2020
Future Profit
(Economic Value)
Group Value of New Business
230 billion yen in FY2020

Group Medium- to Long-term Vision

Indicators Targets for the Medium- to Long-term
Group
Medium- to Long-term
Vision
Capital
Efficiency
Average EV Growth (RoEV)
At least 8% average growth
Financial
Soundness
Economic Solvency Ratio (ESR)
170% to 200% range