Changes to Insurance and Solvency Regulations
First written in FY2016. 23 of 36 entries say "Restated". Latest entry: 2026-08-12.
0 other companies' latest entry also says "Mitigated".
- 2026-08-12MitigatedEarnings
「The new economic-value-based solvency margin ratio (ESR) was 339% at the end of the first quarter of the current consolidated fiscal period, compared with 333.7% at the end of the previous consolidated fiscal year, maintaining sufficient financial strength to meet payments. The internal ESR, adjusted for the risks covered and other factors in light of the Company’s business profile, was 402% at the end of the first quarter, compared with 394.5% at the previous fiscal year-end.」
The explanation continued to state that the new regulatory ESR and internal ESR had risen from the previous year-end and that sufficient financial strength to meet payments was being maintained. - FY2026ReframedAnnual report
「The economic value-based solvency regulation was introduced at the end of March 2026 as one of the indicators used under regulatory supervision to assess management soundness. The new economic value-based solvency margin ratio (ESR) was 333% at the end of the consolidated fiscal year, and the company maintained sufficient solvency. The internal ESR, which adjusts the risks covered and other factors to reflect the actual nature of the company's business, was 394% at the end of the consolidated fiscal year, compared with 356% at the end of the previous consolidated fiscal year.」
Management of financial soundness shifted from the conventional solvency margin ratio to a framework centered on the economic value-based regulation introduced at the end of March 2026 and ESR. The company disclosed a new ESR of 333% and an internal ESR of 394%. - FY2026-H1Further decline in the consolidated solvency margin ratioAnnual report
「The consolidated solvency margin ratio, which is used as one of the indicators for assessing management soundness under regulatory supervision, was 1,704.5% at the end of the interim consolidated accounting period, and the company continues to maintain sufficient solvency.」
The consolidated solvency margin ratio fell from 1,722.2% at the end of the previous consolidated fiscal year to 1,704.5%, while the company said it continues to maintain sufficient solvency. - FY2025WorsenedAnnual report
「The consolidated solvency margin ratio, which is used as one of the indicators for assessing management soundness under regulatory supervision, was 1,722.2% at the end of the consolidated fiscal year (2,192.9% at the end of the previous consolidated fiscal year), and the company continues to maintain sufficient solvency.」
The consolidated solvency margin ratio fell further, from 2,192.9% to 1,722.2%, but the company said it continues to maintain sufficient solvency. - FY2025-H1Further decline in the consolidated solvency margin ratio, while sufficient solvency is maintainedAnnual report
「The consolidated solvency margin ratio, which is used as one of the indicators for assessing management soundness under regulatory supervision, was 1,917.1% at the end of the interim consolidated accounting period, and the company continues to maintain sufficient solvency.」
The consolidated solvency margin ratio fell from 2,192.9% at the end of the previous consolidated fiscal year to 1,917.1%, while the company said it continues to maintain sufficient solvency. - FY2024Consolidated solvency margin ratio down but remains highAnnual report
「The solvency margin ratio at the end of the consolidated fiscal year was 2,192.9%, and solvency remained high.」
The consolidated solvency margin ratio fell from 3,173.1% at the end of the previous fiscal year to 2,192.9%, but the company said it continues to maintain a high level of solvency. - FY2024-Q3RestatedAnnual report
「The consolidated solvency margin ratio, one of the indicators used under administrative supervision to assess management soundness, was 2,470.2% at the end of the third quarter of the current consolidated accounting period, and the company maintained sufficient claims-paying capacity.」
The consolidated solvency margin ratio was 2,470.2%. Although down from 2,760.9% in the previous quarter, the company said it continues to maintain sufficient solvency. - FY2024-Q2RestatedAnnual report
「The consolidated solvency margin ratio, one of the indicators used under administrative supervision to assess management soundness, was 2,760.9% at the end of the second quarter of the current consolidated accounting period, and the company maintained sufficient claims-paying capacity.」
The company explained that the consolidated solvency margin ratio was 2,760.9% and that it maintained sufficient claims-paying capacity. - FY2024-Q1RestatedAnnual report
「The consolidated solvency margin ratio, one of the indicators used under administrative supervision to assess management soundness, was 3,289.7% at the end of the first quarter of the current consolidated accounting period, and the company maintained sufficient claims-paying capacity.」
The company continued to explain that it maintained sufficient claims-paying capacity, with a consolidated solvency margin ratio of 3,289.7%. - FY2023-Q3RestatedAnnual report
「The solvency margin ratio at the end of the third quarter of the current accounting period was 3,140.6% (3,182.8% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2023-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 3,187.0% (3,182.8% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio was slightly above the level at the end of the previous fiscal year and that it maintained sufficient claims-paying capacity. No new changes concerning regulatory change risks were described. - FY2023-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 3,297.1% (3,182.8% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from the end of the previous fiscal year and that it maintained sufficient claims-paying capacity. - FY2022WorsenedAnnual report
「As solvency regulations, the International Association of Insurance Supervisors (IAIS) is considering introducing international regulations, while the Financial Services Agency is considering introducing domestic regulations, both based on an economic value approach. The company is preparing for these developments, but the regulations actually introduced may differ from its expectations.」
The previous risk of changes to solvency regulations is specified as the consideration by the IAIS and the Financial Services Agency of introducing economic value-based regulations. - FY2022-Q3RestatedAnnual report
「The solvency margin ratio at the end of the third quarter of the current accounting period was 3,258.7% (2,647.1% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from 2,647.1% at the end of the previous fiscal year to 3,258.7% and that it maintained sufficient claims-paying capacity. - FY2022-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 3,462.0% (2,647.1% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from the end of the previous fiscal year and that it maintained sufficient claims-paying capacity. - FY2022-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 2,599.9% (2,647.1% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. It stated that there were no material changes concerning risks such as regulatory changes. translate? no. - FY2021-Q3RestatedAnnual report
「The solvency margin ratio at the end of the third quarter of the current accounting period was 2,811.8% (2,117.1% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from the end of the previous fiscal year and that it maintained sufficient claims-paying capacity. It stated that there were no new material changes concerning risks such as regulatory changes. - FY2021-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 2,957.1% (2,117.1% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from 2,117.1% at the end of the previous fiscal year to 2,957.1% and that it maintained sufficient claims-paying capacity. - FY2021-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 2,093.9% (2,117.1% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2020-Q3RestatedAnnual report
「The solvency margin ratio at the end of the third quarter of the current accounting period was 2,163.6% (2,085.2% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio exceeded 2,085.2%, the level at the end of the previous fiscal year, and that it maintained sufficient claims-paying capacity. - FY2020-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 2,132.3% (2,085.2% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from 2,085.2% at the end of the previous fiscal year to 2,132.3% and that it maintained sufficient claims-paying capacity. - FY2020-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 2,216.0% (2,085.2% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio increased from 2,085.2% at the end of the previous fiscal year to 2,216.0% and that it maintained sufficient claims-paying capacity. - FY2019-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 2,289.3% (2,455.8% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2019-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 2,402.5% (2,455.8% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2018WorsenedAnnual report
「The International Accounting Standards Board has issued IFRS 17, Insurance Contracts, as a single International Financial Reporting Standard (IFRS) that can be applied consistently to all insurance contracts. If the company is required to prepare financial reports in accordance with IFRS in the future, it may be affected by this change.」
In addition to the previous risk of changes to solvency regulations, the company specifically describes the financial impact of IFRS 17 and changes to liability reserve standards. - FY2018-Q3RestatedAnnual report
「The solvency margin ratio at the end of the third quarter of the current accounting period was 2,534.1% (2,723.0% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2018-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 2,599.6% (2,723.0% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2018-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 2,689.5% (2,723.0% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2017WorsenedAnnual report
「The International Association of Insurance Supervisors (IAIS) is considering new standards for solvency assessment. If the Financial Services Agency introduces new solvency regulations influenced by the IAIS's solvency assessment, they may differ substantially from the current regulations.」
In addition to the risk of changes to existing regulations, the company specifically describes the possibility that new IAIS standards and new solvency regulations may differ substantially from the current system. - FY2017-Q3RestatedAnnual report
「The solvency margin ratio at the end of the third quarter of the current accounting period was 2,782.4% (2,805.5% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2017-Q2RestatedAnnual report
「The solvency margin ratio at the end of the second quarter of the current accounting period was 2,809.4% (2,805.5% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that the solvency margin ratio exceeded the level at the end of the previous fiscal year and that it maintained sufficient claims-paying capacity. - FY2017-Q1RestatedAnnual report
「The solvency margin ratio at the end of the first quarter of the current accounting period was 2,778.7% (2,805.5% at the end of the previous fiscal year), and the company maintained sufficient claims-paying capacity.」
The company explained that, although the solvency margin ratio declined from the end of the previous fiscal year, it maintained sufficient claims-paying capacity. - FY2016First statedAnnual report
「Under these solvency regulations, domestic insurance companies are required to maintain a solvency margin ratio above 200%. However, if various rules and regulations are revised in the future, including through stricter risk measurement, the company's solvency margin ratio may also decline.」
The company indicates that regulatory changes and stricter risk measurement could affect solvency indicators and result in additional costs.