Daiichi Life Group (8750) · FactDecrease in payments following the maturity of annuity products
Maturities and Commencement of Payments for Annuity Products at Dai-ichi Frontier Life
First written in FY2020-Q3. 1 of 3 entries say "Restated". Latest entry: FY2021-Q3.
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Increase in Insurance PaymentsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind
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- FY2021-Q3Decrease in payments following the maturity of annuity productsAnnual report
「The decrease in insurance claims and other payments was due mainly to a reaction to the large number of variable annuities at Dai-ichi Frontier Life Insurance Co., Ltd. reaching the end of their investment periods in the same period of the previous year.」
In the third quarter, insurance claims and other payments at Dai-ichi Frontier Life decreased as a reaction to the large number of variable annuities reaching maturity in the same period of the previous year. - FY2021-Q1RestatedAnnual report
「The increase in insurance claims and other payments was due mainly to an increase in annuity contracts reaching the payment commencement date.」
Dai-ichi Frontier Life continues to disclose the structural factor whereby an increase in annuity contracts reaching the payment commencement date drives an increase in insurance claims and other payments. - FY2020-Q3First statedAnnual report
「The increase in insurance claims and other payments was due to the start of annuity payments as annuity products sold in prior years by Dai-ichi Frontier Life Insurance Co., Ltd. reached maturity.」
The start of annuity payments upon maturity of annuity products sold in prior years was first disclosed separately as a factor behind the increase in insurance claims and other payments at Dai-ichi Frontier Life and the decline in profits from the domestic life insurance business.