Expansion of capacity to receive transferred policies amid consolidation of agencies

「During the second quarter, the company reached new agreements with 3 companies to transfer policies through acceptance of their contracts.」

「In addition, against a backdrop of the amended Insurance Business Act coming into force in June 2026 and the absence of successors, inquiries regarding policy transfers from insurance agencies considering downsizing or closing their businesses have increased, as have consultations from agencies seeking to integrate their businesses with the company as a new growth strategy. The number of new business discussions has remained steady. Discussions and inquiries from non-life insurance agencies account for a particularly large proportion.」

「From the outset, we had intended to develop the contract-transfer business into another core business alongside our partner-led business.」

「During the fiscal year, the company reached agreements to accept a total of 14,620 policy transfers, of which 12,046 were life insurance policies. Through careful after-sales follow-up, the company expects to acquire new policies by reviewing existing policies. In addition, Prestige, a non-consolidated subsidiary, holds 128,124 policies.」

「Inquiries from insurance agencies regarding the transfer of policies to the company have increased following the enactment on 30 May 2025 of the amended Insurance Business Act. During the interim accounting period, the company reached agreements with 13 companies. In addition, the number of business discussions during the second quarter was 34 companies, a quarterly record high. The amended Insurance Business Act is scheduled to come into force by the end of May 2026, and this trend is expected to continue.」

「During the fiscal year, the company agreed to accept 94,509 policy transfers from a total of 29 companies, substantially exceeding the previous fiscal year’s result of 50,466 and the current fiscal year’s target of 80,000. Of this total, non-life insurance policy transfers showed particularly strong growth, with 47,221 agreed transfers, approximately half of the total.」

「The policy transfer business launched in 2021 has seen steady increases in inquiries and the number of companies agreeing to transfers, against a backdrop of more agencies planning to close. During the cumulative second-quarter period, the number of agreed non-life insurance policy transfers increased substantially, bringing the number of agreed transfers as of the end of May 2024 to 51,488, exceeding the total of 50,466 for the fiscal year ended November 2023.」

「During the cumulative first-quarter period, the company agreed to accept approximately 23,000 of the insurance policies held by Lifetime Consulting Co., Ltd., an insurance agency and consolidated subsidiary wholly owned by Orix Life Insurance Corporation, in December 2023.」

「During the fiscal year, the company agreed to accept 50,466 policy transfers from a total of 29 companies, including large-scale transfers of approximately 18,000 policies agreed in January 2023 and approximately 11,800 policies from a non-life insurance agency agreed in November 2023. This substantially exceeded the previous fiscal year’s result of 19,981 policies.」

「During the third quarter, inquiries regarding policy transfers remained steady at 20 companies, or 60 on a year-to-date basis, while the number of companies agreeing to transfers increased by 3 from the second quarter to 11, or 25 on a year-to-date basis.」

「In March 2023, the company made the responsible department an independent Business Alliance Department and increased its staff to strengthen the organizational structure. During the second quarter, the number of inquiries regarding policy transfers was 23 companies, an increase of 6 from the first quarter and 40 on a year-to-date basis. The number of companies agreeing to transfers was 8, an increase of 2 from the first quarter and 14 on a year-to-date basis.」

「The policy transfer business launched in 2021 continued to see a steady increase in the number of transfer agreements during the cumulative first-quarter period, reaching 22,945 policies, exceeding the result for the fiscal year ended November 2022. In January 2023, the company reached an agreement with one corporation on a large-scale transfer involving approximately 18,000 policies. The trend of more agencies planning to close remains in place, and the number of visitors to the dedicated section of the company’s website, launched in October 2022, was 405 during the cumulative first-quarter period, compared with a total of 149 in October and November 2022, indicating steady activity.」

「Regarding policy transfers, the company received offers from 45 companies to transfer 35,115 policies between February 2021 and November 2022.」