Group's Outline

The T&D Insurance Group is consisted of T&D Holdings and its consolidated subsidiaries and affiliated companies accounted for by the equity method, etc.

As of October 23, 2020

[T&D Holdings, Inc.],[Insurance & Insurance-related Businesses],[Insurance]■ Taiyo Life Insurance Company (Life insurance business)■ Daido Life Insurance Company (Life insurance business)■ T&D Financial Life Insurance Company (Life insurance business)■ Pet & Family Small-amount Short-term Insurance Company (Small-amount short-term insurance business),▲ Capital Taiyo Life Insurance Limited(Life insurance business),▲ Fortitude Group Holdings, LLC(Insurance holding company),▲ Fortitude Reinsurance Company Ltd.(Reinsurance business) ■ T&D Confirm Ltd. (Policyholder confirmation services)■ Toyo Insurance Agency Co., Ltd. (Insurance agent)■ Daido Management Service Co., Ltd. (Insurance agent)■ Taiyo Life Aging Society Institute(Survey and research on health and medical care),[Investment-related Businesses],[Investment Management and Advisory]■ T&D Asset Management Co., Ltd. (Investment Trust Management Advisory & Discretionary Investment Management)[Other]■T&D United Capital Co., Ltd.(Principal investment , Investment management(administration))■T&D United Capital North America Inc.(Principal investment , Investment management(administration))■ T&D Lease Co., Ltd. (Leasing)■ T&D Asset Management Cayman Inc. (Fund management and administration)■ Taiyo Credit Guarantee Co., Ltd. (Credit guarantee services)● Alternative Investment Capital, Ltd. (Investment in private equity funds)● AIC Private Equity Fund General Partner, Ltd. (Fund management and administration)[Administration-related Businesses],[Administration-related]■ T&D Customer Services Co., Ltd. (Life insurance policy clerical services, including drafting, amendment, custody and distribution of documents, and delivery of securities)[General Affairs and Calculation-related]■ T&D Information Systems, Ltd. (Computer software and system services)■ Nihon System Shuno, Inc. (Premium collection) ■ Zenkoku Business Center Co., Ltd. (Premium collection)

Subsidiaries and Affiliated Companies

Voting Ratio A
Percentage of Voting Rights Held by the Company to Total Voting Rights Outstanding
Voting Ratio B
Percentage of Voting Rights Held by the Subsidiaries and Affiliated Companies to Total Voting Rights Outstanding

As of October 23, 2020

Name Establishment Voting Ratio A Voting Ratio B

Taiyo Life Insurance Company

1948.2.16 100.0% -

Daido Life Insurance Company

1947.7.14 100.0% -

T&D Financial Life Insurance Company

1947.7.16 100.0% -

T&D Asset Management Co., Ltd.

1980.12.19 100.0% -

Pet & Family Insurance Co.,Ltd.

2003.8.8 100.0% -

T&D United Capital Co., Ltd.

2019.6.11 100.0% -

T&D United Capital North America Inc.

2019.12.11 - 100.0%

T&D Customer Services Co., Ltd.

1984.4.2 - 100.0%

T&D Confirm Ltd.

1991.7.5 - 100.0%

T&D Information System Ltd.

1999.7.15 - 100.0%

T&D Lease Co., Ltd.

1966.9.5 - 88.4%

Taiyo Credit Guarantee Co., Ltd.

1981.4.1 - 100.0%

Toyo Insurance Agency Co., Ltd.

1971.6.4 - 100.0%

Taiyo Life Aging Society Institute

2020.4.1 - 100.0%

Daido Management Service Co., Ltd.

1974.11.1 - 100.0%

Nihon System Shuno Inc.

2002.10.1 - 50.0%

Zenkoku Business Center Co., Ltd.

1972.5.18 - 100.0%

Alternative Investment Capital Ltd.

2002.7.15 - 36.0%

Thuriya Ace Technology Company Limited

2017.2.1 - 49.0%

Capital Taiyo Life Insurance Limited

2012.10.12 - 35.0%

Fortitude Group Holdings, LLC

2018.6.19 - 25.0%

Fortitude Reinsurance Company Ltd.

2017.1.1 - 100.0%

* States the important companies within the consolidated subsidiaries and affiliated companies accounted for by the equity method, etc.

* Fortitude Reinsurance Company Ltd. is a wholly owned subsidiary of Fortitude Group Holdings, LLC.

* The following pages are linked to the website of each company of the T&D Insurance Group.

* The information hereafter is provided by each company.