Target Achievement and Cancellation Risks for Foreign Currency-Denominated Insurance Due to Exchange Rate Fluctuations
First written in FY2023-Q1. 4 of 8 entries say "Materialised", first in FY2023-Q1. Latest entry: 2026-08-07.
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- 2026-08-07MaterialisedResults presentation
「Impact of changes in market foreign exchange rates on foreign-currency-denominated insurance contracts - 80,778 Of which: Surrender refunds ( 62,264 ) ( 131,849 ) Impact of changes in surrender refunds related to the Market Value Adjustment 1,177 6,009」
The impact of changes in market foreign exchange rates on foreign-currency-denominated insurance contracts was recorded at ¥80,778 million, and surrender refunds increased from ¥62,264 million in the same period of the previous year to ¥131,849 million. The impact of changes in surrender refunds related to the market value adjustment also increased. - FY2025MaterialisedAnnual report
「Ordinary income increased, mainly because surrender values increased as the number of policies surrendered after reaching the target amounts set by customers rose, and because other ordinary income increased due to reversals of policy reserves resulting from the decline in the yen-converted amount of foreign-currency-denominated policy reserves as the yen appreciated year on year, among other factors.」
The increase in foreign-currency-denominated insurance policies reaching their target amounts and being surrendered also occurred during the fiscal year, contributing to reversals of policy reserves and fluctuations in revenue at Dai-ichi Frontier Life. - FY2025-H1MaterialisedAnnual report
「Ordinary income increased, mainly because surrender values increased as the number of policies surrendered after reaching the target amounts set by customers rose, and because other ordinary income increased due to reversals of policy reserves resulting from the decline in the yen-converted amount of foreign-currency-denominated policy reserves as the yen appreciated year on year, among other factors.」
The phenomenon of more policies reaching their target amounts and being surrendered due to exchange-rate fluctuations and other factors also occurred during the interim period, contributing to higher surrender values and insurance claims and other payments at Dai-ichi Frontier Life. - FY2024-Q3MitigatedAnnual report
「The amount increased by ¥27.5 billion year on year to ¥287.2 billion, up 10.6%, mainly due to a reactionary decline from the substantial increase in surrender values in the same period of the previous year resulting from the increase in policies reaching the target amounts set by customers, among other factors.」
The impact of the increase in foreign-currency-denominated insurance policies reaching their target amounts and the resulting surrender values contracted as a reaction to the substantial increase in the same period of the previous year. - FY2024-Q2MitigatedAnnual report
「Ordinary expenses decreased, mainly because insurance claims and other payments declined as a reaction to the substantial increase in surrender values in the same period of the previous year, which had resulted from a significant increase in policies reaching the target amounts set by customers.」
The impact of policies reaching their target amounts and the resulting increase in surrender values due to exchange-rate fluctuations contracted in the interim period as a reaction to the substantial increase in the same period of the previous year. However, Dai-ichi Frontier Life's loss widened due to the burden of additions to policy reserves and other items. - FY2023-Q3WorsenedAnnual report
「The increase in insurance claims and other payments was attributable to higher reinsurance premiums and an increase in surrender values, among other factors, as the number of policies reaching the target amounts set by customers rose significantly because of exchange-rate fluctuations.」
The risk of target attainment and surrender due to exchange-rate fluctuations continued, and Dai-ichi Frontier Life recorded an ordinary loss of ¥22.6 billion for the cumulative nine-month period, due in part to higher surrender values. - FY2023-Q2WorsenedAnnual report
「The increase in insurance claims and other payments was mainly due to an increase in surrender values, among other factors, as the number of policies reaching the target amounts set by customers rose significantly because of rapid exchange-rate fluctuations.」
The risk of target attainment and surrender due to exchange-rate fluctuations continued, leading to higher surrender values and an ordinary loss of ¥11.4 billion at Dai-ichi Frontier Life. - FY2023-Q1MaterialisedAnnual report
「The increase in insurance claims and other payments was mainly due to an increase in surrender values, among other factors, as the number of policies reaching the target amounts set by customers rose significantly because of rapid exchange-rate fluctuations.」
Rapid exchange-rate fluctuations led to a significant increase in foreign-currency-denominated insurance policies reaching their target amounts and in surrender values, contributing to the increase in insurance claims and other payments and the ordinary loss at Dai-ichi Frontier Life.