EV (Embedded Value)
The Group MCEV as of March 31, 2017 was ¥2,290.5 billion, an increase of ¥396.8 billion from the previous fiscal year-end. This increase was mainly due to new sales of insurance policies, improvement in insurance assumptions and the rise in domestic interest rates. The value of new business increased by ¥63.1 billion year on year to ¥119.5 billion, mainly due to favorable sales results as well as improvement in insurance assumptions and the rise in domestic interest rates.
Group MCEV
- * The Group MCEV applying the ultimate forward rate (UFR) was approximately ¥2.41 trillion as of March 31, 2017.
Value of New Business
- *1 The value of new business applying the ultimate forward rate (UFR) was approximately ¥142.9 billion as of March 31, 2017.
- *2 New business margin = Value of new business ÷ Present value of new business premiums
