Key Business Performance

Years ended March 31

      ¥ billions % US$ billions*1
  2014 2015 2016 YoY Change 2016
Policy Results*2
Policy basis
 New policy amount ¥6,639.8 ¥7,227.2 ¥6,685.9 (7.5) $59.3
 Policy amount in force 60,699.8 62,117.7 62,998.1 1.4 559.0
 Surrender and lapse amount 3,967.4 3,752.4 3,789.5 1.0 33.6
Annualized premium basis
 Annualized premiums of new policies ¥127.9 ¥161.3 ¥132.6 (17.8) $1.1
  Third Sector products 16.5 20.8 24.6 18.3 0.2
 Annualized premiums of total policies 1,420.5 1,446.4 1,468.9 1.6 13.0
  Third Sector products 163.4 169.8 179.1 5.5 1.5
Statement of Operation Data
Ordinary revenues ¥2,085.7 ¥2,412.1 ¥2,025.9 (16.0) $17.9
 Income from insurance premiums 1,609.7 1,958.0 1,574.5 (19.6) 13.9
Core profit 210.2 182.7 153.0 (16.2) 1.3
Ordinary profit 186.2 188.9 171.4 (9.3) 1.5
Profit attributable to owners of parent 78.9 94.2 72.5 (23.0) 0.6
Adjusted net income 92.4 94.2 83.3 (11.6) 0.7
Soundness
Consolidated solvency margin ratio 1,115.0% 1,220.7% 1,155.8% (64.9)pt -
Shareholder Returns
Dividends per share (¥, US$) ¥25.0 ¥25.0 ¥30.0 20.0 $0.26
Share buybacks approx. 10.0 approx. 30.0 approx. 14.0 approx. (16.0) approx. 0.12
Total return to shareholders approx. 26.8 approx. 46.6 approx. 33.4 approx. (13.2) approx. 0.29
Embedded Value (EV)*3
Embedded value ¥1,970.1 ¥2,298.0 ¥1,893.7 (404.3) $16.8
Value of new business 89.1 93.0 56.3 (36.7) 0.5
Stock Price Information (Fiscal year-end)
Stock price (¥, US$) ¥1,227 ¥1,654.5 ¥1,049.5 (36.6) $9.31
Market capitalization 836.2 1,127.5 715.2 (36.6) 6.35
Social/Environmental Data    
Number of employees*4 18,806 18,319 18,409    
 Male 3,852 3,702 3,622    
 Female 14,954 14,617 14,787    
Electricity consumption
(MWh=1,000kWh)
99,302 95,866 96,348    
Office paper consumption (t) 163 160 151    
Green purchasing ratio (%) 95.4 96.0 95.9    
  • *1 For convenience only, U.S. dollar figures have been calculated at the rate of U.S.$1 = ¥112.68.
  • *2 The total of individual insurance and individual annuities, as well as Daido Life's J-type product, T-type product and Kaigo Relief. The new policy amount includes net increase from conversions.
  • *3 Figures are MCEV (Group MCEV) data.
  • *4 Figures are the simple sum of the non-consolidated financial data for Taiyo Life, Daido Life, and T&D Financial Life.
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