February 13, 2019Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Nine Months Ended December 31, 2018
<Contents>
1. Key Operating Performance(1) Policy Amount in Force and New Policy Amount

P.2(2) Annualized Premiums

P.2

2. Status of Investment Assets (General Account)(1) Portfolio of General Account Assets

P.3(2) Fair Value Information on Securities

P.4(3) Fair Value Information on Money Held in Trust

P.5

3. Non-consolidated Balance Sheets

P.6

4. Non-consolidated Statements of Income

P.7

5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit

P.8

6. Solvency Margin Ratio

P.9(Reference) Consolidated Solvency Margin Ratio

P.10

7. Status of Separate Account Assets(1) Balance of Separate Account Assets

P.11(2) Policy Amount in Force

P.11

8. Consolidated Summary

P.11

Disclaimer:This English translation is prepared for the readers' convenience. When there are any discrepancies between
original Japanese version and English translation version, the original Japanese version always prevails.

11. Key Operating Performance(1) Policy Amount in Force and New Policy Amount
Policy amount in force(Number: Thousand, Amount: 100 millions of yen, %)As of December 31, 2017

As of March 31, 2018

As of December 31, 2018

Category

Individual life insurance

NumberAmount7,265

455,168

NumberAmount7,316

Number

458,924Comparison to Comparison to
Dec. 31, 2017 Mar. 31, 2018

7,454

102.6

101.9

AmountComparison to Comparison to
Dec. 31, 2017 Mar. 31, 2018

471,325

103.5

102.7

234

12,465

252

13,609

314

134.2

124.5

17,614

141.3

129.4

7,499

467,634

7,569

472,534

7,769

103.6

102.6

488,940

104.6

103.5

Group life insurance－

19,122－

19,201－－－

19,274

100.8

100.4

Group annuities

－

103

－

100

－

－

－

89

86.7

89.6

Individual annuities
Subtotal

Notes: 1. The policy amount in force for individual annuities is equal to the sum of (a) the funds to be held at the time annuity payments are to commence for policies for which annuity payments have notyet commenced and (b) the amount of policy reserves for policies for which payments have commenced.
2. The policy amount in force for group annuities is equal to the amount of policy reserves.

New policy amount(Number: Thousand, Amount: 100 millions of yen, %)For the nine months ended December 31, 2017

For the nine months ended December 31, 2018

Category
NumberAmountIndividual life insurance

342

Individual annuities

NumberAmountComparison to
FY17.3Q

Comparison to
FY17.3Q

New policies

41,644130.4

41,644

－

159.9

4,309

171.8

4,309

－
－

New policies

Increase fromconversion

31,946

31,946

－

378

110.5

41

2,508

2,508

－

66

－

384

34,45434,454445

115.8

45,953133.4

45,953

Group life insurance

－

514

514

－

－

203

39.6

203

Group annuities

－

－

－

－

－

－

－

－

Subtotal

Increase fromconversion

Notes: 1. The new policy amount including increase from conversion for individual annuities is equal to the funds held at the time annuity payments commence.
2. The new policy amount for group annuities is equal to the sum of the initial premium payments.

(2) Annualized Premiums
Policy amount in force
Category(Millions of yen, %)As ofDecember 31, 2017

As ofMarch 31, 2018

As ofDecember 31, 2018

Comparison to
Dec. 31, 2017

Comparison to
Mar. 31, 2018

Individual life insurance

803,630

807,437

820,905

102.1

101.7

Individual annuities

38,78541,38650,285

129.7

121.5

Total

842,415

848,823

871,190

103.4

102.6

Of which, medical protection, living benefit
protection and other products

190,727

191,895

196,059

102.8

102.2

New policies(Millions of yen, %)Category

For the nine months ended
December 31, 2017

For the nine months ended
December 31, 2018

Individual life insurance

45,70447,011

102.9

Individual annuities

6,211

9,969

160.5

Total

51,91656,980109.8

Of which, medical protection, living benefit
protection and other products

9,351

11,159119.3

Comparison to
FY17.3Q

Notes: 1. Annualized premiums refer to an amount that is calculated by multiplying individual premium amounts by a coefficient that differs depending on the premium payment methods, thereby
converting the figure to a per-year premium. (For single premium policies, premiums are divided by the number of coverage years.)
2. Annualized premiums for “medical protection, living benefit protection and other products” include those for medical protection benefits (hospitalization benefits, surgical procedure
benefits, etc.) and living benefit protection (benefits for specific diseases, nursing care benefits, etc.).

2

2. Status of Investment Assets (General Account)(1) Portfolio of General Account Assets(Millions of yen)
Category
Cash and deposits, call loans
Securities repurchased under resale agreements
Pledged money for bond borrowing transaction
Monetary claims purchased
Securities under proprietary accounts
Money held in trust
Securities
Japanese bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Loans
Real estate
Deferred tax assets
Other assets
Reserve for possible loan losses
Total
Of which, foreign currency-denominated assets

As of March 31, 2018
Amount40,862－－－－
270,582
7,717,905
7,281,144
38,464
396,910366,571
30,3391,385
189,486
92,346
10,787
117,195(295)
8,438,872
409,863

Note: The amount for real estate is equivalent to the total amount of land, buildings and construction in progress.

3

As of December 31, 2018

%
0.5
－
－
－
－
3.2
91.5
86.3
0.5
4.7
4.3
0.4
0.0
2.2
1.1
0.1
1.4
(0.0)
100.0
4.9

Amount55,442－－－－
267,642
8,196,034
7,637,941
29,299527,753
503,467
24,286
1,038
195,673
91,175
14,696125,609(296)
8,945,978525,624

%
0.6
－
－
－
－
3.0
91.6
85.4
0.3
5.9
5.6
0.3
0.0
2.2
1.0
0.2
1.4
(0.0)
100.0
5.9

(2) Fair Value Information on Securities
a. Securities with fair value (except trading-purpose securities)(Millions of yen)
As of March 31, 2018
Category

As of December 31, 2018

Net unrealized gains (losses)

Carrying
amountFair value

6,467,997

8,050,644

401,958

436,842－Net unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
losses

1,582,646

1,640,383

57,736

6,711,202

8,320,727

34,88435,9391,055

603,609647,410

－

－

－

－

－

921,995

1,091,187

169,192

172,541

3,349

Japanese bonds

847,062

1,002,106

155,044

155,044

Japanese stocks

13,68530,66816,982

17,008Foreign securities

Held-to-maturity securities
Policy-reserve-matching bonds
Stocks of subsidiaries and affiliated companies
Available-for-sale securities

Unrealized
gains

Unrealized
losses1,609,524

1,664,499

54,97543,80145,153

1,351

－

－

－

－

965,140

1,123,754

158,613

161,700

3,087－

867,326

1,017,775

150,449

150,449－

25

10,532

20,331

9,798

9,967

168

61,081

58,125(2,955)

368

3,323

87,11685,355(1,760)

1,157

2,918

Bonds

49,39846,689(2,709)

368

3,077

79,327

78,231(1,096)

1,157

2,253

Stocks, etc.

11,682

11,436

(245)

－

245

7,788

7,124

(664)

－

664

Other securities

165

286

120

120

－

165

291

125

125

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

Total

7,791,950

9,578,673

1,786,723

1,848,865

62,142

8,279,952

10,091,892

1,811,939

1,871,353

59,413

Japanese bonds

7,397,136

9,185,284

1,788,148

1,827,186

39,037

7,756,900

9,582,109

1,825,208

1,855,836

30,628Japanese stocks

13,68530,66816,982

17,00825

10,532

20,331

9,798

9,967

168

Foreign securities

380,962

362,434(18,528)

4,550

23,078512,352

489,160(23,192)

5,424

28,616

Bonds

369,280

350,998(18,282)

4,550

22,832504,564

482,035(22,528)

5,424

27,952

Stocks, etc.

11,682

11,436

(245)

－

245

7,788

7,124

(664)

－

664

Other securities

165

286

120

120

－

165

291

125

125

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit
Others

－
－

－
－

－
－

－
－

－
－

－
－

－
－

－
－

－
－

－
－

Notes:
1. The above table includes assets that are permitted to be treated as equivalent to securities defined in the Financial Instruments and Exchange Act of Japan.
2. Carrying amount and net unrealized gains (losses) on money held in trust, including items other than trading-purpose securities, amounted to ¥232,484 million and ¥38,552 million as of March 31, 2018,
respectively, and amounted to ¥232,545 million and ¥36,863 million as of December 31, 2018, respectively.

b. Carrying amounts of securities for which fair value cannot be measured reliably(Millions of yen)
Category

As of March 31, 2018

As of December 31, 2018

Held-to-maturity securities－－

Unlisted foreign bonds－－

Others－－－－Stocks of subsidiaries and affiliated companies

15,92615,926

Available-for-sale securities

7,719

5,961

Unlisted domestic stocks (except OTC stocks)

159

159

Unlisted foreign stocks (except OTC stocks)

590

422

Unlisted foreign bonds

－

－

6,968

5,378

23,64521,887

Policy-reserve-matching bonds

OthersTotal

4

c. Fair Value information consisting of those stated in the previous Table a. and Table b. after evaluating foreign exchange and other gains (losses)(Millions of yen)
As of March 31, 2018
Category

Held-to-maturity securities

As of December 31, 2018

Net unrealized gains (losses)
Carrying
amountFair value

Net unrealized gains (losses)

Unrealized
gains

Unrealized
lossesCarrying
amountFair value

Unrealized
gains

Unrealized
losses6,467,997

8,050,644

1,582,646

1,640,383

57,736

6,711,202

8,320,727

1,609,524

1,664,499

54,975

Policy-reserve-matching bonds

401,958

436,842

34,88435,9391,055

603,609647,41043,80145,153

1,351

Stocks of subsidiaries and affiliated companies

15,92615,926－－－15,92615,926－－－

Available-for-sale securities

929,714

1,103,060

173,345

176,918

3,572

971,101

1,133,533

162,431

165,755

3,324

Japanese bonds

847,062

1,002,106

155,044

155,044－867,326

1,017,775

150,449

150,449－

Japanese stocks

13,84530,82816,982

17,00825

10,692

20,490

9,798

9,967

168

Foreign securities

61,671

59,702(1,968)

1,354

3,323

87,53886,960

(578)

2,339

2,918

Bonds

49,39846,689(2,709)

368

3,077

79,327

78,231(1,096)

1,157

2,253

Stocks, etc.

12,27313,013

740

986

245

8,211

8,728

517

1,181

664

Other securities

7,134

10,422

3,287

3,510

222

5,544

8,306

2,762

2,999

237

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

7,815,596

9,606,473

1,790,876

1,853,241

62,3658,301,839

10,117,597

1,815,757

1,875,409

59,651

Japanese bonds

7,397,136

9,185,284

1,788,148

1,827,186

39,037

7,756,900

9,582,109

1,825,208

1,855,836

30,628Japanese stocks

21,482

38,464

16,982

17,00825

18,32928,127

9,798

9,967

168

Foreign securities

389,842

372,301(17,541)

5,536

23,078521,064

499,054(22,010)

6,605

28,616

Bonds

369,280

350,998(18,282)

4,550

22,832504,564

482,035(22,528)

5,424

27,952

Stocks, etc.

20,562

21,302

740

986

245

16,50017,018

517

1,181

664

Other securities

7,134

10,422

3,287

3,510

222

5,544

8,306

2,762

2,999

237

Others
Total

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

(3) Fair Value Information on Money Held in Trust(Millions of yen)
As of March 31, 2018
Category

Balance sheet
amountAs of December 31, 2018

Net unrealized gains (losses)
Fair value

Unrealized
gains

Unrealized
lossesBalance sheet
amount270,582
270,582－－－
267,642
Note: The above table includes ¥40 million of jointly invested money held in trust, as of March 31, 2018 and December 31, 2018, respectively.
Money held in trust

Net unrealized gains (losses)
Fair value

267,642

Unrealized
gains

Unrealized
losses－－－Money held in trust for investment
Not applicable(Millions of yen)

Money held in trust for held-to-maturity, policy-reserve-matching and other
As of March 31, 2018
Category

Carrying
amountAs of December 31, 2018

Net unrealized gains (losses)
Fair value

Unrealized
gains

Unrealized
lossesCarrying
amountNet unrealized gains (losses)
Fair value

Unrealized
gains

Unrealized
lossesMoney held in trust for held-to-maturity

－

－

－

－

－

－

－

－

－

－

Money held in trust for policy-reserve-matching

－

－

－

－

－

－

－

－

－

－

231,989

270,541

38,55238,552－

230,738

267,601

36,86336,863－

Other money held in trust53. Non-consolidated Balance Sheets(Millions of yen)

As of March 31, 2018

As of December 31, 2018

AmountAmountAssets:Cash and deposits

53,68355,516

Call loans

65,50086,700

Money held in trust

270,582

267,642

8,765,967

9,274,442

6,966,434

7,257,916

1,543

449

Japanese corporate bonds

461,015

524,994

Japanese stocks

88,37647,922Foreign securities

959,188

1,154,280

189,486

195,673

189,460

195,636

Securities
Japanese government bonds
Japanese local government bonds

Loans
Policy loans
Commercial loans

2536

Tangible fixed assets

93,16991,944

Intangible fixed assets

23,21023,467

Due from reinsurers

929

886
99,800

Other assets

92,184

Prepaid pension costs

2,483

2,742

Deferred tax assets

10,787

14,696

(295)

(296)

9,567,689

10,113,219

8,606,736

9,030,086

35,17635,6088,566,075

8,989,329

5,484

5,149

Due to agencies

1,873

1,460

Due to reinsurers

5,497

4,780

Other liabilities

386,099499,595

13,478

7,200

Reserve for possible loan losses
Total Assets
Liabilities:
Policy reserves and others
Reserve for outstanding claims
Policy reserves
Reserve for policyholders' dividends

Accrued income tax
Lease obligations
Asset retirement obligations
Others

6

5

1,856

1,864

370,757

490,525

Reserve for employees' retirement benefits

26,656

27,664

Reserve under the special laws

47,92949,52047,92949,520109
9,074,902

9,613,217

Common stock

70,00070,000Capital surplus

5,865

5,865

Reserve for price fluctuations
Deferred tax liabilities on land revaluation
Total Liabilities

109

Net Assets:

Capital reserve

5,865

5,865

Retained earnings

294,424

309,761

Legal retained earnings

34,93840,188Other retained earnings

259,486

269,572

259,486

269,572

Total shareholders' equity

Unappropriated retained earnings

370,289385,626

Net unrealized gains (losses) on available-for-sale securities,
net of taxes

124,936

116,814

Land revaluation, net of taxes(2,439)(2,439)Total valuation and translation adjustments

122,497

114,375

Total Net Assets
Total Liabilities and Net Assets

6

492,787

500,001

9,567,689

10,113,219

4. Non-consolidated Statements of Income(Millions of yen)

For the nine months ended For the nine months ended
December 31, 2017
December 31, 2018
Ordinary Revenues
Income from insurance premiums
Insurance premiums
Investment income
Interest income and dividends
Income from money held in trust, net
Gains on trading securities, net
Gains on sale of securities
Gains on separate accounts, net
Other ordinary income
Reversal of reserves for outstanding claims
Ordinary Expenses
Insurance claims and other payments
Insurance claims
Annuity payments
Insurance benefits
Surrender payments
Refund to policyholders
Provision for policy reserves and others
Provision for reserve for outstanding claims
Provision for policy reserves
Interest portion of reserve on policyholders' dividends
Investment expenses
Interest expenses
Losses on trading securities, net
Losses on sale of securities
Losses on valuation of securities
Losses on derivatives, net
Losses on separate accounts, net
Operating expenses
Other ordinary expenses
Ordinary Profit
Extraordinary Gains
Gains on disposal of fixed assets
Reversal of reserve for investment losses
Extraordinary Losses
Losses on disposal of fixed assets
Impairment losses
Provision for reserve under the special laws
Provision for reserve for price fluctuations
Valuation losses on stocks of affiliated companies
Provision for (Reversal of) Reserve for Policyholders' Dividends
Income Before Income Taxes
Income Taxes—Current
Income Taxes—Deferred
Total Income Taxes
Net Income

7

Amount
1,062,072
762,832
761,082
254,341
117,7883,364
57
0
130,186
44,898278
1,020,117
328,628
67,995
8,817
96,742
146,0902,469
524,320－524,3190
28,67961－
0－23,990－102,979
35,50941,955
16,89813,258
3,640
5,624
61
0
1,386
1,386
4,176
122
53,107
17,627(2,102)
15,52537,582

Amount
1,006,503
815,828
813,871
145,495
124,403
3,364
－
4,581
－
45,180－945,927
344,334
69,873
9,693
105,853
148,589
2,811
423,685431
423,253
032,413
1,050
286
34
4,026
784
22,799107,188
38,30560,576
－
－
－
1,645
43
10
1,591
1,591
－
(63)
58,995
18,525(1,116)
17,40841,586

5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit(Millions of yen)
For the nine months ended
December 31, 2017
Core profit

A

For the nine months ended
December 31, 2018

70,692

63,7342,851

17,726

Income from money held in trust, net－－

Income from trading securities, net

47－

Gains on sale of securities

0

4,581

Gains on derivatives, net

－

－

2,804

13,145－－25,80914,420Capital gains

Foreign exchange gains, net
Other capital gains
Capital losses
Losses on money held in trust, net－－

Losses on trading securities, net－

293

Losses on sale of securities

034

Losses on valuation of securities

－

4,026

23,990784－－

Losses on derivatives, net
Foreign exchange losses, net

1,819

9,280

Net capital gains (losses)

Other capital losses
B(22,958)

3,306Core profit plus net capital gains (losses)

A+B

47,73467,041－－

Gains from reinsurance－－

Reversal of contingency reserve－－

Reversal of specific reserve for possible loan losses－－

Others

－

－

5,779

6,465

－

－

Other one-time gains

Other one-time losses
Losses from reinsurance

5,687

6,358

Provision for specific reserve for possible loan losses

Provision for contingency reserve

2

1

Provision for reserve for possible loan losses for specific foreign countries－－

Write-off of loans－－

OthersNet other one-time gains (losses)
Ordinary profit

89

105

C

(5,779)(6,465)

A+B+C

41,95560,576(Reference) The breakdown of Others
For the nine months ended
December 31, 2017
Core profit
Income gains in income from money held in trust

For the nine months ended
December 31, 2018

3,374

12,652

3,364

3,364

Interest income and dividends in income from trading securities

10

7Effects of currency market fluctuations of products dominated in foreign currencies (note)

－

9,280

Other capital gains－－

Other capital losses

1,819

9,280

664

－

1,155

9,280

"Others" of other one-time gains－－"Others" of other one-time losses

89

105

89

105

Impairment losses from investment partnership
Effect of change in the exchange rates related to foreign currency-denominated insurance contracts

Provision of additional policy reserve

Note: Beginning from disclosures for the fiscal year ending March 31, 2019, the disclosure method of the breakdown of core profit relating to the effect of change in the exchange rates
related to foreign currency-denominated insurance contracts have been modified. Although, this change has no impact on core profit.

8

6. Solvency Margin Ratio(Millions of yen)

Category

As of March 31, 2018

Total solvency margin(A)

As of December 31, 2018

1,233,854

1,338,201

Common stock, etc.

344,039

383,108

Reserve for price fluctuations

47,92949,520Contingency reserve

89,91596,2730

1

Net unrealized gains on available-for-sale securities (before tax deductions) and net deferred gains
or losses on hedging instruments (before tax deductions) x 90% (100% if losses)

General reserve for possible loan losses

156,011

146,188

Net unrealized gains on real estate x 85% (100% if losses)

29,83029,830

－

－

377

2,847

Deferred tax assets

88,661

103,854

Excess amount of policy reserves based on Zillmer method

525,389

540,261

Amount excluded from deferred tax assets
Unallocated portion of reserve for policyholders' dividends－－

The portion of the excess amount of policy reserves based on Zillmer method andsubordinated debt that is not included in the margin(43,128)(8,512)

Deductible items(5,171)(5,171)(B)

94,03099,690Insurance risk

R1

24,337

24,494

Third-sector insurance risk

R8

8,587

8,520

Assumed interest rate risk

R232,45233,506

Minimum guarantee risk

R7

20,137

21,342

Asset management risk

R332,95336,574

Business management risk

R4

2,369

2,488

2,624.3%

2,684.7%

Subordinated debt

Total risk

( R1 + R8 ) 2 + ( R2 + R3 + R7 ) 2 + R4

Solvency margin ratio
(A)/

1
× (B)
2

×100

Notes: 1. The above figures are calculated based on provisions in Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act of Japan and theMinistry of Finance Public Notice No. 50 (1996).
2. Minimum guarantee risk is calculated based on the standardized approach.

9(Reference) Consolidated Solvency Margin Ratio
Although Sony Life is not required to prepare consolidated financial statements since it does not have consolidated subsidiaries, Sony Life discloses
consolidated solvency margin ratio consolidated with it's affiliated companies quarterly.
(Millions of yen)

Category

As of March 31, 2018

Total solvency margin(A)

As of December 31, 2018

1,217,876

1,322,020

Common stock, etc.

340,820379,311

Reserve for price fluctuations

47,92949,520Contingency reserve

89,91596,273

Catastrophe reserve－－

General reserve for possible loan losses

01

Net unrealized gains on available-for-sale securities (before tax deductions) and net deferredgains or losses on hedging instruments (before tax deductions) x 90% (100% if losses)

156,011

146,188

Net unrealized gains on real estate x 85% (100% if losses)

29,83029,830Total amount of unrecognized net actuarial gains (losses) and unrecognized past
service cost

(2,419)(1,886)

－

－

377

2,847

Deferred tax assets

88,661

103,854

Excess amount of policy reserves based on Zillmer method

525,389

540,261

Amount excluded from deferred tax assets
Unallocated portion of reserve for policyholders' dividends－－

The portion of the excess amount of policy reserves based on Zillmer method
and subordinated debt that is not included in the margin(46,347)(12,308)

Deductible items(12,290)(11,872)(B)

91,36297,000R1

24,337

24,494

Ordinary insurance risk

R5

－

－

Major catastrophe risk

R6

－

－

Third-sector insurance risk

R8

8,587

8,520

Insurance risk of small-amount short-term insurance providers

R9

－

－

Assumed interest rate risk

R232,45233,506

Minimum guarantee risk

R7

20,137

21,342

Asset management risk

R330,14933,768Business management risk

R4

2,313

2,432

2,666.0%

2,725.7%

Subordinated debt

Total risk

( R12+R52+R8+R9)2+(R2+R3+R7)2+R4+R6

Insurance risk

Solvency margin ratio
(A)/

1
× (B)
2

×100

Notes: 1. The above figures are calculated based on provisions in Articles 86-2 and 88 of the Ordinance for Enforcement of the Insurance Business Act of Japanand Public Notice of Financial Services Agency No. 23 (2011).
2. Minimum guarantee risk is calculated based on the standardized approach.

10

7. Status of Separate Account Assets(1) Balance of Separate Account Assets(Millions of yen)

Category

As of March 31, 2018

Individual variable life insurance and individual variable annuities

As of December 31, 2018

1,128,817

1,167,240－－

1,128,817

1,167,240

Group annuities
Total separate accountNote: Assets relating to individual variable life insurance and individual variable annuities are jointly invested at Sony Life.

(2) Policy Amount in Force(Number: Thousand, Amount: Millions of yen)

Individual variable life insurance
As of March 31, 2018

As of December 31, 2018

Category
NumberAmountNumberAmountVariable life insurance (whole life type)843

8,384,508

837

8,038,110

Variable life insurance (limited term type)122

628,240146

856,7126

301,218

10

530,700

972

9,313,967

994

9,425,523

Variable life insurance (term type)
Total
Note: Amounts include the rider portion of variable life insurance.

Individual variable annuities(Number: Thousand, Amount: Millions of yen)

As of March 31, 2018

As of December 31, 2018

Category
NumberIndividual variable annuities
Total

AmountNumberAmount162

945,144224

1,348,766

162

945,144224

1,348,766

Note: The amount of individual variable annuities is equal to the sum of (a) the funds to be held at the time annuity payments are to commence for policies for which annuity
payments have not yet commenced and (b) the amount of policy reserves for policies for which payments have commenced.

8. Consolidated Summary
Not applicable11