Financial - related Question
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| Q. |
What is the Embedded Value? |
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| A. |
Embedded Value (hereinafter "EV") is the sum of the adjusted book value belonging to the shareholders and the existing business value derived from all existing policies. EV is one of the major indicators for evaluating the corporate value of life insurance companies.
T&D Life Group discloses EV at the end of every fiscal year (end of March) and also the factors of changes from the previous year in order to enable all investors to have a deeper understanding of the current position of the core Group companies. For more the figures of EV as of March 31, every year, please view "Financial Data" page.
We consider current market value to be the most objective primary means of assessing corporate value, and we employ EV, which is closely linked with market value, as the yardstick for measuring the T&D Life Group's corporate value. |
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