T&D Insurance Group Medium-Term Management Plan（FY2019-FY2021） Try & Discover 2021 - Creation of Shared Value -

Points

T&D Insurance Group (the “Group”) positions the medium-term management plan as three years for “Transformation and Realization” to the new stage and aims to realize “Creation of Shared Value” by showing its strengths. The Group will strengthen its core businesses and make steadily evolve the “diversification of the business portfolio” by new challenges which are not on a past extension line.

＜Overview of the Medium-Term Management Plan＞

Name
  • Medium-term Management Plan Try & Discover 2021 - Creation of Shared Value -
Plan period
  • April 2019 - March 2022 (3 years)
Overall Policies
  • By strengthening core businesses and diversifying the business portfolio, we will contribute to the resolution of ever-changing issues faced by people and society, aiming to be an insurance group that grows along with society
Basic strategy
  • Bolster the revenue base of the Group by pursuing specialized strategies that leverage the strengths of Group companies
  • Diversify sources of revenue by investing in new business areas that have an affinity to the domestic life insurance business
  • Improve Group capital efficiency through evolution of the Group financial strategy
  • Promote integrated management of the Group to achieve more effective and efficient use of Group management resources

Key Performance Indicators

＜Medium-Term Management Plan targets＞

Economic value

Value of new business
  • FY2021: 170.0 billion yen and above
    [Core ROEV*1: 5% and above for three years]
Financial accounting

Adjusted profit
  • FY2021: FY2018 levels (73.0 billion yen) or higher

＜Reference: Medium-to-long-term target levels＞

Economic value

Group MCEV
  • Next medium-term management plan: 4.0 trillion yen
    [ROEV*2: Stable and sustainable growth over 7.5% in the medium- to long-term]
Financial accounting

Adjusted profit
  • Next medium-term management plan: 100.0 billion yen

*1 Core ROEV= (Embedded value of new business + Expected existing business contribution from risk free rate) / Annual average of EV

*2 ROEV = Annual increase in EV (less capital movements) / Annual average of EV

Shareholder Return Policy

Shareholder Return
  • Return 40% and above of profit available for shareholder return to shareholders through cash dividends and share buybacks with a greater awareness of maintaining and raising capital efficiency, taking into account the amount of total payout

For more details, please refer to the following material.

T&D Insurance Group Medium-Term Management Plan(FY2019-FY2021)(PDF:1.96MB / 39P)

Contents

  1. Review of the Previous Medium-Term Management Plan
  2. Overview of the Medium-Term Management Plan
  3. Strengthening of Core Businesses (Domestic Life Insurance Business)
  4. Diversification of Business Portfolio (Challenge for New Growth Areas)
  5. Evolution of Group Financial Strategy
  6. Promotion of Integrated Group Management