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Earnings presentation materials8750Daiichi Life Group,Inc.Financials (excluding banks)

Supplementary Financial Results for the Second Quarter of the Fiscal Year Ending March 2027 (The Dai-ichi Frontier Life Insurance Co., Ltd.)

In the first half of fiscal 2026, The Dai-ichi Frontier Life Insurance Co., Ltd. saw increases in in-force policies and core profit, while ordinary profit and interim net income fell below the year-earlier period. Investment expenses increased substantially, driven in particular by foreign exchange losses and losses on investment in monetary trusts.

Worth reading
31Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
5763
million yen (year-on-year decrease in interim net income)
Wording
Definitive
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings summarySecond quarter (first half) of the fiscal year ending March 20273 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income10,497 Millions of yen-44.3%
Net income5,387 Millions of yen-51.7%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Investment Expenses¥101,510 million
  • Foreign exchange losses¥56,788 million
  • Losses on investment in monetary trusts¥27,843 million
  • Losses on sales of securities¥11,222 million
  • Impairment Losses on Investment Securities¥1,475 million
  • Policy surrender refunds¥247,172 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • 10-year Japanese government bond yield (beginning of fiscal year)2.36 %
  • 10-year Japanese government bond yield (end of first half)3.06 %
  • 10-year U.S. Treasury yield (beginning of fiscal year)4.32 %
  • 10-year U.S. Treasury yield (end of first half)5.29 %
  • JPY/USD exchange rate (beginning of fiscal year)159.88 Yen
  • JPY/USD exchange rate (end of first half)157.35 Yen
  • 10-year Australian government bond yield (beginning of fiscal year)4.97 %
  • 10-year Australian government bond yield (end of first half)5.35 %
  • JPY/AUD exchange rate (beginning of fiscal year)109.68 Yen
  • JPY/AUD exchange rate (end of first half)109.96 Yen
Key KPIsA metric the company considers important as a management benchmark.
  • Annualized premiums of in-force policies1,492,733 Millions of yen
    Year on year against the same period last year103.2% vs. previous fiscal year-end
  • Annualized premiums of new policies128,860 Millions of yen
    Year on year against the same period last year99.8%
  • Underlying profit39,550 Millions of yen
  • Amount of policies in force (individual insurance)14,043,462 Millions of yen
    Year on year against the same period last year106.5% vs. previous fiscal year-end
  • In-force policies (individual annuities)4,778,997 Millions of yen
    Year on year against the same period last year102.2% vs. previous fiscal year-end
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings summary
Fiscal Period CoveredSecond quarter (first half) of the fiscal year ending March 2027
Ordinary income10,497 Millions of yen (YoY -44.3%)
Net income5,387 Millions of yen (YoY -51.7%)
Breakdown of Factors Affecting the ChangeFactors Investment Expenses / Amount ¥101,510 million, Factors Foreign exchange losses / Amount ¥56,788 million, Factors Losses on investment in monetary trusts / Amount ¥27,843 million, Factors Losses on sales of securities / Amount ¥11,222 million, Factors Impairment Losses on Investment Securities / Amount ¥1,475 million, Factors Policy surrender refunds / Amount ¥247,172 million
Key KPIsIndicator name Annualized premiums of in-force policies / Value 1,492,733 Millions of yen / Year on year against the same period last year 103.2% vs. previous fiscal year-end, Indicator name Annualized premiums of new policies / Value 128,860 Millions of yen / Year on year against the same period last year 99.8%, Indicator name Underlying profit / Value 39,550 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Amount of policies in force (individual insurance) / Value 14,043,462 Millions of yen / Year on year against the same period last year 106.5% vs. previous fiscal year-end, Indicator name In-force policies (individual annuities) / Value 4,778,997 Millions of yen / Year on year against the same period last year 102.2% vs. previous fiscal year-end
Assumptions Underlying the Business OutlookItem 10-year Japanese government bond yield (beginning of fiscal year) / Value 2.36 %, Item 10-year Japanese government bond yield (end of first half) / Value 3.06 %, Item 10-year U.S. Treasury yield (beginning of fiscal year) / Value 4.32 %, Item 10-year U.S. Treasury yield (end of first half) / Value 5.29 %, Item JPY/USD exchange rate (beginning of fiscal year) / Value 159.88 Yen, Item JPY/USD exchange rate (end of first half) / Value 157.35 Yen, Item 10-year Australian government bond yield (beginning of fiscal year) / Value 4.97 %, Item 10-year Australian government bond yield (end of first half) / Value 5.35 %, Item JPY/AUD exchange rate (beginning of fiscal year) / Value 109.68 Yen, Item JPY/AUD exchange rate (end of first half) / Value 109.96 Yen
Items this document does not state (24)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company reported that investment expenses increased from ¥3,213 million in the year-earlier period to ¥101,510 million, comprising foreign exchange losses of ¥56,788 million, losses on investment in monetary trusts of ¥27,843 million, and losses on sales of securities of ¥11,222 million, among others. Payments of insurance claims and other benefits also increased, particularly policy surrender refunds.

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Supplementary Financial Results for the Second Quarter of the Fiscal Year Ending March 2027 (The Dai-ichi Frontier Life Insurance Co., Ltd.) | Daiichi Life Group,Inc. (8750) timely disclosure | Komori