Financial Results & Earnings Forecast

Ordinary revenues of Daiichi Life Group, Inc. (hereinafter the “Company” or the “Parent Company”) and its consolidated subsidiaries (collectively, the “Group”) for the three months ended June 30, 2026 increased by 584.7 billion yen, or 25.3%, to 2,893.0 billion yen, consisting of (1) 1,760.7 billion yen (10.9% increase) of premium and other income, (2) 1,001.3 billion yen (68.3% increase) of investment income, and (3) 130.8 billion yen (4.1% increase) of other ordinary revenues, compared to the three months ended June 30, 2025. Ordinary revenues increased due mainly to the increase in investment income at Daiichi Life Insurance Co., Ltd. Meanwhile, the Group’s ordinary expenses for the three months ended June 30, 2026 increased by 418.5 billion yen, or 18.8%, to 2,641.9 billion yen, consisting of (1) 1,815.5 billion yen (29.9% increase) of benefits and claims, (2)110.5 billion yen (54.1% decrease) of provision for policy reserves and others, (3) 341.4 billion yen (35.4% increase) of investment expenses, (4) 274.7 billion yen (13.8% increase) of operating expenses, and (5) 99.7 billion yen (9.9% increase) of other ordinary expenses, compared to the three months ended June 30, 2025. Ordinary expenses increased due mainly to the increase in benefits and claims at Daiichi Life Insurance Co., Ltd. Consequently, the Group’s ordinary profit for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, increased by 166.1 billion yen or 195.6%, to 251.0 billion yen. Its net income attributable to shareholders of parent company for the three months, which is ordinary profit after extraordinary gains and losses, provision for reserve for policyholder dividends, and total of corporate income taxes, increased by 367.8%, to 160.0billion yen.

Total assets as of June 30, 2026, compared to March 31, 2026, increased by 2.9%, to 76,322.7 billion yen, mainly consisting of 57,332.9 billion yen (3.2% increase) of securities, 4,999.5 billion yen (0.0% increase) of loans, 1,230.9 billion yen (0.7% decrease) of tangible fixed assets, and 2,035.4 billion yen (1.3% decrease) of reinsurance receivable. Liabilities as of June 30, 2026 increased by 2.6% to 71,749.6 billion yen, mainly consisting of 61,972.0 billion yen (1.2% increase) of policy reserves and others, compared to March 31, 2026. The Group’s total net assets as of June 30, 2026 increased by 7.5% to 4,573.0 billion yen. Net unrealized gains on securities, net of tax, as of June 30, 2026, which are included in the Group’s total net assets, increased by 14.8% to 1,576.0 billion yen.