August 11, 2009
Sony Financial Holdings Inc.

Summary Information on Sony Assurance’s Financial Results
for the Three Months Ended June 30, 2009<Contents>
1. Balance Sheets
2. Statements of Income
3. Financial Summary (Year-on-Year Comparison)
4. Premiums and Losses Paid by Type of Category
5. Solvency Margin Ratio

1

P.2
P.3
P.4
P.5
P.6

1. Balance Sheets(Millions of yen)
As ofMarch 31, 2009

As ofJune 30, 2009
Assets:Cash and deposits

2,494

2,819

Securities

68,44364,309Tangible fixed assets

263

270

Intangible fixed assets

1,943

1,898

Other assets11,272

12,139Deferred tax assets

5,746

5,260

90,16386,69869,834

66,520Reserves for outstanding losses

15,992

15,729Underwriting reserves

53,84150,791

5,083

5,411

881

556

0

1

4,201

4,853

488

462

22

37

Reserve for employees’ bonuses

297

575

Reserve for price fluctuations andothers

11

12

Reserve for price fluctuations

11

12

75,73973,020Common stock

20,00020,000Capital surplus

20,00020,000Retained deficits-25,537-26,147

Total stockholder’s equity

14,462

13,852

-38

-173

-38

-173

14,424

13,67890,16386,698Total assets
Liabilities:
Policy reserves and others

Other liabilities
Income taxes payable
Lease obligations
OthersReserve for employees’ retirement
benefits
Reserve for directors’ retirement
benefits

Total Liabilities
Net Assets:
Stockholder’s Equity

Valuation and translation
adjustment
Net unrealized losses on othersecurities, net of taxes
Total valuation and translation
adjustments
Total Net Assets
Total Liabilities and Net Assets

22. Statements of Income(Millions of yen)
For the three months ended
June 30, 2008
Ordinary revenues

For the three months ended
June 30, 2009

15,71017,491

15,53917,30815,52917,301

9

7

155

170

162

170

Gains on sale of securities

2

7

Transfer to interest and dividends
on deposits of premiums

-9-7

16

12

15,238

16,587

Underwriting expenses

11,474

12,646Net losses paid

6,859

8,014

877

973

294

344

589

263

2,854

3,050

－

12

Losses on sale of securities－

12

Operating, general and administrative
expenses

3,762

3,924

02

Ordinary profit

472

904

Extraordinary gains

－1－

1－

1

53

2

3

2－

2－

Income before income taxes

466

902

Income taxes –Current

346

776

Income taxes –Deferred-168-485

Total income taxes－291

Net income288

610

Underwriting income
Net premiums written
Interest and dividends on deposits ofpremiums
Investment income
Interest income and dividends

Other ordinary income
Ordinary expenses

Loss adjustment expenses
Net commissions and brokerage
fees
Provision for reserve foroutstanding losses
Provision for underwriting reserve
Investment expenses

Other ordinary expenses

Reversal of reserve for pricefluctuations and others
Reversal of reserve for pricefluctuations
Extraordinary losses
Losses on sale or disposal of fixedassets
Provision for reserve for pricefluctuations and others
Provision for reserve for pricefluctuations

33. Financial Summary (Year-on-Year Comparison)(Millions of yen)
For the Three Months

For the Three Months

Ended June 30, 2008

Ended June 30, 2009

Change (Amount)

Change (%)

Gross direct premiums written

15,441

17,253

1,811

11.7

( Direct premiums written )15,44145,377

1,811

11.7

Underwriting income

15,53917,308

1,769

11.4

15,52917,301

1,771

11.4

11,474

12,646

1,172

10.2

(Net premiums written)

Underwriting expenses(Net losses paid)

6,859

8,014

1,155

16.8

(Loss adjustment expenses)

877

973

965

11.0

(Net commissions andbrokerage fees)

294

344

50

17.1

155

170

15

10.0

Investment income(Interest and dividends)

162

170

7

4.5

(

Gains on sale of securities)2

75

263.7－

1212－

－

1212－

3,762

3,924

162

4.3

（Operating, general and administrative
expenses for underwriting）

3,752

3,906

154

4.1

Other ordinary income (expenses), net

159-6-39.6

Ordinary profits

472

904

432

91.5

(Underwriting profits)

311755443

142.2

Extraordinary gains－

11－

Extraordinary losses

53-2-40.3

Extraordinary gains (losses), net-5-23－

Income before income taxes

466

902

435

93.4

Income taxes -Current

346

776

430

124.3

Income taxes –Deferred

-168

-485

-317

－

Total income taxes－291－－Net income

288

610

322

111.9

Net loss ratio

49.8%

52.0%

Net expense ratio

26.1%

24.6%

Investment expenses(Losses on sale of securities)

Operating, general and administrative
expenses

Ratios
Notes:%

1. Underwriting profits = Underwriting income – (Underwriting expenses + Operating, general and administrative expenses for underwriting) ±Other income and expenses. Other income and expenses are such as corporate taxes associated with compulsory automobile liability insurance.
2. Ratios are calculated as follows.
Net loss ratio = (Net losses paid + Loss adjustment expenses) / Net premiums written x 100
Net expense ratio =(Net commissions and brokerage fees+ Operating, general and administrative expenses for underwriting) / Net premiumswritten x 1004

4. Premiums and Losses Paid by Type of Policy
Direct Premiums Written（Millions of yen）
For the three months ended June 30, 2008
AmountComposition

For the three months ended June 30, 2009

Change%AmountComposition%

Change%

%

Fire

68

0.4

21.7

71

0.4

5.0

Marine－－－－－－

Personal accident

1,630

10.6

5.5

1,708

9.9

4.8

Voluntary automobile

13,74289.0

11.2

15,473

89.7

12.6

－

－－－－－

15,441

100.0

10.6

17,253

100.0

11.7

Compulsory
automobile liability
Total

Net Premiums Written（Millions of yen）
For the three months ended June 30, 2008
AmountComposition

For the three months ended June 30, 2009

Change%AmountComposition%

Change%%Fire30.0-3.4

30.0-8.0

Marine90.1-8.3

20.0-70.4

Personal accident

1,720

11.1

10.0

1,780

10.3

3.5

Voluntary automobile

13,69088.2

11.3

15,415

89.1

12.6

105

0.7

-6.9

99

0.6

-5.9

15,529

100.0

11.0

17,301

100.0

11.4

Compulsory
automobile liability
Total

Net Losses Paid
（Millions of yen）
For the three months ended June 30, 2008
AmountChangeFor the three months ended June 30, 2009

Net loss ratio%

AmountChange%Net loss ratio%%

Fire0-63.2

92.0

0-9.0

74.9

Marine3-27.240.8

0-76.8

32.0

303

10.1

20.2

348

15.0

21.8

6,436

13.3

53.1

7,538

17.1

54.9

116

10.7

109.9

126

8.6

126.9

6,859

13.1

49.8

8,014

16.8

52.0

Personal accident
Voluntary automobile
Compulsory
automobile liability
Total

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5. Solvency Margin Ratio（Millions of yen）
As of June 30, 2009(A)Total solvency margin
Net assets, excluding the amount of expected outflow fromthe company and the amount of valuation and exchange
differences and deferred assets
Reserve for price fluctuations
Contingency reserve
Special catastrophe reserves
Reserve for possible loan losses
Net unrealized gains on other securities
Net unrealized gains on real estate
Refund reserve premium
Subordinated debt
Deductible items
Other(B)Total risk√ (Ｒ1+Ｒ2)2+(Ｒ3+Ｒ4)2｝+Ｒ5+Ｒ6

As of March 31, 2009

25,49424,195

14,462

13,85211
4
11,053
－
-38
－
－－－－

12
3
10,500
－
-173
－
－－－－

4,998

4,872

4,217

4,097

Third-sector insurance risks（Ｒ2）00

Assumed interest rate risks（Ｒ3）88Asset management risks（Ｒ4）

305

294

Business management risks（Ｒ5）

154

150

Ordinary insurance risks（Ｒ1）

Major catastrophe risk（Ｒ6）613614(C)Solvency margin ratio
1,020.1％
993.0％［(A) /｛(B)×1/2｝］×100
Note: Calculations and figures included in the chart above apply the methods provided for under Articles 86 and 87 of the Insurance
Business Law of Japan enforcement regulations, as stipulated in 1996 Ministry of Finance Official Notification No. 50. A
part of calculations for major catastrophe risk as of June 30, 2009, are calculated according to methods judged rational by SonyAssurance.
<Solvency Margin Ratio>
Non-life insurance companies maintain reserves to ensure their ability to pay claims when accidents occur and return contracted
amounts at maturity on savings-type insurance. Non-life insurance companies must also maintain sufficient ability to pay in theevent of a major catastrophe or a dramatic drop in the value of the assets they hold—risk events outside the normal scope ofexpectations.
Total risk (item (B) in the table above) indicates dangers outside the general scope of expectations. The solvency margin ratio(item (C) in the table above) is an indicator of an insurer’s ability to pay, calculated as prescribed by the Insurance Business Lawof Japan, based on its percentage holdings of capital and other reserves (in other words, the total solvency margin: as indicated by(A) above).
“Risk events outside the normal scope of expectations” refers to the total of the amounts represented by the following risks.
Insurance underwriting risks
Risks outside the scope of risk incorporated into the rate of accident(Ordinary insurance risks)
occurrence (excluding major catastrophe risks)(Third-sector insurance risks)
Assumed interest rate risks
Risks that actual investment yields will fall below the investment yield assumed whencalculating premiums
Asset management risks
Risks arising from such factors as unexpectedly large fluctuations in prices on owned
securities and other assets
Business management risks
Unexpected risks to business management other than 1) through 3) and 5) above
Major catastrophe risks

Risks arising from major catastrophes (such as the Great Kanto Earthquake and the Ise BayTyphoon)
A non-life insurer’s ability to pay (total solvency margin), as indicated by such factors as its capital and reserves is the total of theinsurer’s total net assets (excluding the amount of expected outflow from the company), reserves (such as the reserve for pricefluctuations and special catastrophe reserves) and a portion of its net unrealized gain on real estate.
The solvency margin ratio is an objective indicator used by the insurance regulatory authorities to supervise insurers. If this ratio is200% or higher, an insurer is judged to have sufficient ability to satisfy claims and other payments.

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