Incentives for employees to enhance long-term and medium-term corporate value through the delivery of the Company's shares via trusts

「Under the employee share compensation plan introduced in 2024, a certain number of Company shares are delivered each year to all employees who belong to the employee shareholding association. Executive-level employees receive additional shares based on the degree of achievement of performance targets, creating a stronger incentive to enhance corporate value. The companies covered by the plan for all employees have been expanded, and the participation rate at the 11 domestic group companies exceeded 90% as of April 2026 and remained high.」

「Dai-ichi Life Holdings, Inc. and the 3 domestic life insurers, Dai-ichi Life, Dai-ichi Frontier Life and Neo First Life, introduced an employee share compensation plan in May 2024. The plan delivers a certain number of Company shares each year to all employees who belong to the employee shareholding association. Executive-level employees receive additional shares based on the degree of achievement of performance targets, creating a stronger incentive to enhance corporate value. The participation rate in the employee shareholding association reached a very high level of 95.2% as of September 2024.」

「Effective 16 May 2024, the Company introduced an executive-level employee Stock Benefit Trust (J-ESOP), hereinafter the "in-service benefit type," for executive-level employees, defined as employees in managerial or supervisory positions. For the existing Stock Benefit Trust (J-ESOP), introduced in 2011 and under which shares are delivered at retirement, hereinafter the "retirement benefit type," new point awards were suspended after the points awarded for fiscal 2023.」

「Effective 16 May 2024, the Company changed the eligible group under this plan to executive-level employees, defined as employees in managerial or supervisory positions. Under the share benefit rules established in advance by the Company and its group companies, the Company changed the arrangement so that executive-level employees who meet certain requirements are awarded points based on their individual contributions and other factors, acquire the right to receive benefits immediately, and receive Company shares equivalent to the points awarded.」

「The Company awards points to employees based on their individual contributions and other factors, and delivers Company shares equivalent to the points awarded when they retire.」

「Effective 1 April 2018, the Company added non-managerial employees, staff employees and contract employees, among others, to the group eligible for this plan.」

「At its Board of Directors meeting held on 29 October 2010, the Company resolved to introduce the Stock Benefit Trust (J-ESOP), under which shares of the Company would be delivered to employees, including managers, with the aim of strengthening the linkage with the Company's share price and business performance, sharing the economic benefits with shareholders, and increasing employees' motivation and morale to improve the share price and business performance.」

「The Company operates arrangements under which its shares are delivered to employees and others through trusts, namely the Stock Benefit Trust (J-ESOP) and the Trust-Type Employee Shareholding Incentive Plan (E-Ship®), with the aim of increasing employees' motivation and morale to improve the share price and business performance and providing incentives to employees to enhance corporate value over the medium to long term.」