Daiichi Life Group reported consolidated results for April-September 2026, with revised profit up 33% year on year to ¥307.7 billion, a record for the April-September period. Bond investment yields improved against a backdrop of rising interest rates.
According to Daiichi Life Group's consolidated results for April-September 2026, revised profit rose 33% year on year to ¥307.7 billion, a record high for the period. Against a backdrop of rising interest rates, the group proceeded with a reshuffling of its bond holdings, and higher interest income contributed to the increase.
Premium and other income, equivalent to revenue, rose 7% to ¥3.5503 trillion, led by overseas insurance operations, which increased 19% to ¥1.0089 trillion. Sales of fixed annuities grew at the group's US insurance subsidiary Protective, while the group insurance business of its Australian subsidiary TAL also performed well.
At its core company Daiichi Life Insurance, approximately ¥50 billion in surrenders of single-premium savings products occurred during the April-September period. Competition from other financial products, including Japanese government bonds for individuals and investment trusts, has intensified against a backdrop of rising interest rates and higher stock prices.
The earnings forecast for the fiscal year ending March 2027 remains unchanged, with group revised profit expected to be approximately ¥560 billion, up 2% from the previous fiscal year.