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.