Risk from deviations in assumptions including loss ratios, mortality and investment returns
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 4 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If the actual mortality rate is higher than the assumed mortality rate, the actual investment yield on assets is lower than the assumed interest rate, or the actual expense ratio is higher than the assumed expense ratio, earnings will be lower than expected.」
予定死亡率、予定利率及び予定事業費率等の前提と実績の乖離による収益リスクを再掲している。 - FY2023RestatedAnnual report
「If the actual mortality rate is higher than the assumed mortality rate, the actual investment yield on assets is lower than the assumed interest rate, or the actual expense ratio is higher than the assumed expense ratio, earnings will be lower than expected.」
予定死亡率、予定利率、予定事業費率等の前提と実績の乖離による収益リスクを再掲している。 - FY2020RestatedAnnual report
「If the actual mortality rate is higher than the assumed mortality rate, the actual investment yield on assets is lower than the assumed interest rate, or the actual expense ratio is higher than the assumed expense ratio, earnings will be lower than expected.」
死亡率、予定利率、事業費率等の前提と実績の乖離による収益リスクを再掲している。 - FY2019First statedAnnual report
「If the actual mortality rate is higher than the assumed mortality rate, the actual investment yield on assets is lower than the assumed interest rate, or the actual expense ratio is higher than the assumed expense ratio, earnings will be lower than expected.」
The company identifies the risk that deviations between assumptions underlying premium rates and policy reserves, including mortality rates, assumed interest rates and expense ratios, and actual results may affect earnings and financial condition.