May 15, 2017
Sony Financial Holdings Inc.

Supplementary Data on Sony Life’s Financial Results
for the Year Ended March 31, 2017
<Contents>
1.Company Total of General Account and Separate Account(1) Status of Investment Assets (Company Total)(i) Portfolio of investment assets (company total)(ii) Changes in investment assets by categories (company total)(2) Securities (Company Total)(i) Valuation gains (losses) on trading-purpose securities (company total)(ii) Fair value information on securities (company total)(iii) Fair value information on monetary trusts (company total)(iv) Fair value information on derivative transactions (company total)
2. General Account Assets(1) Securities (General Account)(i) Details of securities (general account)(ii) Balance of securities by remaining period (general account)(iii) Fiscal year-end yields on bonds (general account)(iv) Japanese stock holdings by industry (general account)(v) Fair value information on derivative transactions (general account)(2) Loans (General Account)(i) Details of loans (general account)(3) Overseas Investment (General Account)(i) Details by assets (general account)(ii) Foreign-currency-denominated assets by currency (general account)(iii) Overseas investments by region (general account)(4) Real Estate (General Account)(i) Details of tangible fixed assets (general account)(ii) Balance of real estate and the number of buildings for rent (general account)
3. Fair Value Information on Separate Account Assets for Individual Variable Life
Insurance and Individual Variable Annuities(1) Valuation Gains (Losses) on Trading-purpose Securities (Separate Account)(2) Details of Securities (Separate Account)(3) Fair Value Information on Monetary Trusts (Separate Account)(4) Fair Value Information on Derivative Transactions (Separate Account)
4. Other(1) Key Performance Indicators for Past Five Fiscal Years(2) Policy Reserve Calculation Methods, and for Ratios, Involving Individual Life
Insurance and Individual Annuities

1

P.2

P.3

P.7

P.12
P.13

P.15

P.16
P.16
P.16
P.16

P.17
P.18

1.Company Total of General Account and Separate Account(1) Status of Investment Assets (Company Total)(i) Portfolio of investment assets (company total)
Category(Millions of yen, %)As of March 31, 2017
Amount% of total

As of March 31, 2016
Amount% of total

106,594

Cash and deposits, call loans
Securities repurchased under resale agreements
Pledged money for bond borrowing transaction
Monetary claims purchased
Securities under proprietary accounts
Monetary trusts
Securities
Japanese bonds (including JGBs)
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Loans
Real estate
Deferred tax assets
Other assets
Reserve for possible loan losses
Total

1.3
-

Of which, foreign-currency-denominated assets

108,916

1.2

-

-

-

280,973
7,273,361
6,509,420
83,411
471,973
132,638
339,334
208,556
171,649
115,816

3.5
90.5
81.0
1.0
5.9
1.7
4.2
2.6
2.1
1.4

87,286(272)
8,035,408
472,555

1.1
(0.0)
100.0
5.9

273,877
8,093,192
6,976,873
86,954782,064
342,622439,442
247,299
180,374
117,525
5,350
94,648(271)
8,873,613
787,005

3.1
91.2
78.6
1.0
8.8
3.9
5.0
2.8
2.0
1.3
0.1
1.1
(0.0)
100.0
8.9

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

(ii) Changes in investment assets by category (company total)
Category

For the year ended March 31, 2016
Amount(Millions of yen, %)For the year ended March 31, 2017
Amount18,8252,321(32,302)729,657
736,555(9,153)
20,359(32,836)
53,196(18,103)
9,249(1,948)
10,581(4)
734,057
68,954(7,095)
819,830
467,453
3,542
310,091
209,983
100,10738,743
8,725
1,708
5,350
7,362
1
838,205
314,450

Cash and deposits, call loans
Securities repurchased under resale agreements
Pledged money for bond borrowing transaction
Monetary claims purchased
Securities under proprietary accounts
Monetary trusts
Securities
Japanese bonds (including JGBs)
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

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

2(2) Securities (Company Total)(i) Valuation gains (losses) on trading-purpose securities (company total)

Category(Millions of yen)
As of March 31, 2017
Net valuation gains (losses)
Balance sheet amountrecorded in income

As of March 31, 2016
Net valuation gains (losses)
Balance sheet amountrecorded in income

796,241

Trading-purpose securities(75,945)921,319

45,396

Note: The above table includes trading-purpose securities included in monetary trusts, etc.

(ii) Fair value information on securities (company total)a. Fair value information on securities with market value (except trading-purpose securities)

Category
Held-to-maturity securities
Policy-reserve-matching bonds

As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCarrying
amount

5,383,938

7,410,168

2,026,230

2,026,230

251,260

292,566

41,30541,306

Stocks of subsidiaries and affiliatedcompanies

-

-

-

-

887,973

1,091,602

203,629

203,739

Japanese bonds (including JGBs)

854,339

1,040,351

186,011

186,011

Japanese stocks

13,62525,664

12,03912,049Available-for-sale securities

Foreign securities
Bonds

0

Carrying
amount

6,068,671

7,514,255

1,445,584

1,521,504

75,919277,372

303,356

25,98327,876

1,893

109
10

(Millions of yen)
As of March 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
losses----896,527

1,069,920

173,392

174,667

852,604

1,013,331

160,726

160,726

13,68527,082

13,396

13,45558
1,215

19,842

25,279

5,436

5,536

99

30,071

29,193(878)

337

19,842

25,279

5,436

5,536

99

18,545

17,996

(548)

337

-

11,525

11,196

(329)

-

165

313

147

-

Stocks, etc.

-

165

Other securities

307

-

-

142

142

1,274
-

886
-

329

147

-

Money claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

6,523,172
6,444,682

8,794,337
8,689,521

2,271,165
2,244,838

2,271,276
2,244,838

1100Japanese stocks

13,62525,664

12,03912,04910

13,685

Foreign securities

64,69878,84414,146

14,24599

286,381

Total
Japanese bonds (including JGBs)

Bonds

64,69878,844-

Stocks, etc.

165

Other securities

14,146-307

14,245
-

99
-

142

7,242,571
6,942,338

142

8,887,532
8,595,523-

1,644,961
1,653,185

1,724,048
1,707,293

27,082

13,396

13,455

58

264,612(21,768)

3,151

24,9203,151

274,855

253,416(21,439)-

11,525

11,196

(329)

-

165

313

147

79,087
54,10824,590
-

147

329
-

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 monetary trusts, including items other than trading-purpose securities, as of March 31, 2017, amounted to¥232,402 million and ¥41,919 million, respectively.

b. Carrying amounts of securities without market value(Millions of yen)

Category

As of March 31, 2017

As of March 31, 2016

Held-to-maturity securities--

Unlisted foreign bonds--

Others--

Policy-reserve-matching bonds--

Stocks of subsidiaries and affiliated companies

13,267

16,312Available-for-sale securities

12,301

9,896

Unlisted Japanese stocks (except OTC stocks)

149

159

Unlisted foreign stocks (except OTC stocks)

439

608

Unlisted foreign bonds--

OthersTotal

311,712

9,127

25,56926,209c. Fair Value Information consisting of that stated in the previous table-a and foreign exchange and other gains (losses) for table-b as follows:
As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCategory

Carrying
amountHeld-to-maturity securities
Policy-reserve-matching bonds
Stocks of subsidiaries andaffiliated companies
Available-for-sale securities
Japanese bonds(including JGBs)
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Monetary claims purchased
Certificates of deposit
Others
Total
Japanese bonds(including JGBs)
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Monetary claims purchased
Certificates of deposit
Others5,383,938
251,260

7,410,168
292,566

13,267

13,267900,274

1,109,405

209,130

209,792

854,339

1,040,351

186,011

186,011

13,77520,281
19,842439
11,87725,81427,271
25,2791,992
15,967

12,039
6,989
5,436
1,552
4,090

12,049
7,089
5,536
1,552
4,641

2,026,230
41,3052,026,230
41,306-

Carrying
amount

-6,068,671
277,372

7,514,255
303,356-

16,312

16,312906,423

1,083,838

177,414179,270852,604

1,013,331

160,726

160,726

13,84530,68018,545
12,134
9,293

27,24230,947
17,996
12,95012,3170-(Millions of yen)
As of March 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
losses661-

1,521,504
27,876-75,919
1,893
-

1,856
-

6,548,741

8,825,407

2,276,666

2,277,328

662

7,268,780

13,396
13,455
266
1,482
(548)
337
815
1,145
3,024
3,606
8,917,763 1,648,982 1,728,652

6,444,682

8,689,521

2,244,838

2,244,838

0

6,942,338

8,595,523

1,653,185

1,707,293

54,10820,343
71,83764,698
7,139
11,87732,38287,53678,844
8,692
15,967

12,03915,69914,146
1,552
4,090

12,04915,79814,245
1,552
4,641

10
99
99

22,208294,940
274,855
20,0849,293

35,605274,316
253,416
20,90012,317

13,396(20,623)(21,439)
815
3,024
-

13,455
4,296
3,151
1,145
3,606

58
24,92024,590
329
581

-

-

-

-

-

10
99
99

1,445,584
25,983

551
-

-

-

551
-

-

-

-

-

-

58
1,215
886
329
581
79,669-(iii) Fair value information on monetary trusts (company total)

Category

Balance sheet
amountAs of March 31, 2016
Net unrealized gains (losses)
Balance sheet
Fair value
Unrealized Unrealized
amountgains
lossesMonetary trusts
280,973
280,973
Note: The above table includes ¥50 million of jointly invested monetary trusts.

--

273,877(Millions of yen)
As of March 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
losses273,877---■ Monetary trusts for investment(Millions of yen)
As of March 31, 2016
Category

As of March 31, 2017

Net valuation
gains (losses)
recorded in income

Balance sheet amount-

Monetary trusts for investment

Net valuation
gains (losses)
recorded in income

Balance sheet amount

-

-

-

■ Monetary trusts for held-to-maturity and policy reserve matching and other monetary trusts

Category
Monetary trusts for
held-to-maturity
Monetary trusts forpolicy-reserve-matching
Other monetary trusts

As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCarrying
amount(Millions of yen)
As of March 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCarrying
amount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232,491
280,922
48,431
48,431
Note: Monetary trusts includes cash and call loans, etc. held in monetary trusts.

4-

231,907273,826

41,91941,919-(iv) Fair value information on derivative transactions (company total)■Qualitative Information(1) Transaction details
The main derivative transactions used by Sony Life are as follows:
Interest rate-related: Interest rate swap transactions
Currency-related : Forward foreign exchange transactions
Stock-related: Stock index futures trading(2) Purpose of use and policy on derivative transactions
Sony Life’s policy is to conduct derivative transactions to reduce risks related to its holdings of assets and liabilities, and does not engage in speculative derivative transactions.
Interest rate-related : The purpose is to hedge interest rate-related risk on its holdings of assets and liabilities.
Currency-related : The purpose is to hedge foreign currency risk related to its holdings of assets and the minimum guaranteed for individual variable life insurance.
Stock-related: The purpose is to hedge stock-related risk corresponding to underlying assets and the minimum guaranteed for individual variable life insurance.
(3) Risk details
The risk of fluctuations in market value (interest rate-related risk, currency-related risk and stock-related risk) is inherent to derivative transactions employed by Sony Life.
However, as these transactions are conducted primarily to reduce risk related to its holdings of assets and liabilities, the total risk related to derivative transactions and their underlying assets
and liabilities is limited. Credit risk is inherent to derivative instruments, but when conducting transactions, Sony Life selects parties that it believes pose little risk of default.
(4) Risk management systems
Sony Life’s balance of derivative transactions is within the limits that Sony Life has set in-house. On transactions conducted by the division in chargeof investment, the administrative division receives reports directly from the transaction counterparty. This system enables the administrative divisionand the investment division to independently determine derivative positions and transaction profits and losses. In addition, the management of risks
related to derivative transactions is conducted strictly by the department in charge of supervision. Also, the risk management division regularly reports
the overall risk status to the Company’s Board of Directors and Executive Committee.
(5) Supplemental information regarding quantitative information
Sony Life does not employ hedge accounting for derivative transactions.

■ Quantitative Information(1) Breakdown of valuation gains and losses (Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(Millions of yen)Interest raterelated
Hedge accounting is applied
As of March
31, 2016

Stockrelated

Bondrelated

Other

Total

-

-

-

-

-

-

Hedge accounting is not applied

422

737

(230)

-

-

929

Total

422

737

(230)

-

-

929

Hedge accounting is applied
As of March
31, 2017

Currencyrelated

-

-

-

Hedge accounting is not applied

337

3,797

-

462

-

-

4,597

-

Total

337

3,797

462

-

-

4,597

Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements of income.
(2) Derivatives to which hedge accounting is not applied(a) Interest rate derivatives(Millions of yen)
As of March 31, 2016

Category

Items

Notional amount
total

Fair value

As of March 31, 2017
Valuation
gains (losses)

Notional amount
total

Over 1 year
Over-thecountertransactions

Fair value

Valuation
gains (losses)

Over 1 year

Interest rate swaps
Fixed-rate received / Floating-rate payable

1,000

Total

1,000

422

422
422

Note: Fair value is also shown in the column under "valuation gains (losses)".

5

1,000

1,000

337

337
337

(Reference) Balance of interest rate swaps by remaining period(Millions of yen, %)As of March 31, 2016

Category

Due
Due
Due
after 1 year
after 3 years
after 5 years
through 3 years through 5 years through 7 years

Due in1 year or less

Fixed-rate received / Floating-rate payable for notional
principal of interest rate swap
Average fixed-rate received

Due
after 7 years
through 10 years

Dueafter 10years

1,000

-

-

-

-

-

Total

1,000

-

-

-

-

-

1.89

1.89

Average floating-rate payable

-

-

-

-

-

0.12

0.12

Total

-

-

-

-

-

1,000

1,000

Due
Due
Due
after 1 year
after 3 years
after 5 years
through 3 years through 5 years through 7 years

Dueafter 7 years
through 10 years

Dueafter 10years

1,000

As of March 31, 2017
Category

Due in1 year or less

Total

Fixed-rate received / Floating-rate payable for notional
principal of interest rate swap
Average fixed-rate received

-

-

-

-

-

-

-

-

-

-

1.89

1.89

Average floating-rate payable

-

-

-

-

-

(0.00)(0.00)

Total

-

-

-

-

-

1,000

1,000

1,000

(b) Currency derivatives(Millions of yen)
As of March 31, 2017

As of March 31, 2016
Category

Items

Notional amount total

Notional amount total

Valuation
gains (losses)

Fair valueOver 1 year

Valuation
gains(losses)

Fair valueOver 1 year

Forward foreign-exchange contracts

50,035

-

737

737

240,804

-

3,799

3,799

U.S. dollars

31,792

-

714

714

212,273

-

3,284

3,284

Euro

15,387-25

25

28,531-

514

Australian dollars

2,855

-

(2)

(2)

-

-

-

-

-

-

-

169

-

(1)

(1)

-

-

-

-

169

-

(1)

Sold
Over-thecountertransactions

BoughtU.S. dollars

Total

-

737

514

(1)
3,797

Notes:
1. The forward rate of exchange is used to value forward foreign exchanges as of March 31, 2016.
2. The fair value forward foreign exchanges is valued by discounting by the rate as of March 31, 2017.
3. Fair value is also shown in the column under "Valuation gains (losses)".

(c) Stock derivatives(Millions of yen)
As of March 31, 2017

As of March 31, 2016
Category

Items

Notional amount total

Fair valueOver 1 year
ListedValuation
gains (losses)

Notional amount total

Fair valueOver 1 year

Valuation
gains(losses)

Yen-denominated stock index futures

72,793

Sold

-

(230)

Total

(230)
(230)

Note: Fair value is also shown in the column under "Valuation gains (losses)".

(d) Bond derivatives
Not applicable(e) Others
Not applicable(3) Derivatives to which hedge accounting is applied(a) Interest rate derivatives
Not applicable(b) Currency derivatives
Not applicable(c) Stock derivatives
Not applicable(d) Bond derivatives
Not applicable(e) Others
Not applicable

6

96,016

-

462

462
462

2. General Account Assets(1) Securities (General Account)(i) Details of securities (general account)(Millions of yen, %)Category
Japanese government bonds

As of March 31, 2016

As of March 31, 2017

AmountAmount% of total
6,233,852

Japanese local government bonds
Japanese corporate bonds

96.2
-

-

% of total
6,521,494

90.9

454

0.0

117,324

1.8

306,794

4.3

113,4241.8

248,753

3.5

Japanese stocks

33,364

0.5

37,6590.5Foreign securities

93,1401.4

305,846

4.3

Bonds

70,134

1.1

274,306

3.8

Stocks, etc.

23,0050.4

31,5390.4

Other securities

1,654

0.0

1,678

0.0

6,479,336

100.0

7,173,927

100.0

Public corporation bonds

Total

7

(ii) Balance of securities by remaining period (general account)(Millions of yen)

Category

Due in1 year or lessDue after 1 year Due after 3 years Due after 5 years Due after 7 years
through 3 years through 5 years through 7 years through 10 years-

Japanese government bonds
As of March 31, 2016

Japanese local government
bonds
Japanese corporate bonds

13,243

16,630320,234---

20,282

571

Total

4,054
4,054
24,336

8,824
1,822
7,002
682
23,322

16,746
13,615
3,131
16,746

3,848
2,296
1,552
664
21,143

Japanese government bonds

11,638-

5,422

57,009Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities

As of March 31, 2017

Japanese local government
bonds
Japanese corporate bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities--

Due after 10 years(including
no fixed maturity)

5,883,743-

Total

6,233,852--

565
322,431

94,83833,364
59,10052,4006,700
307
6,071,355

117,324
33,364
93,14070,13423,005
1,654
6,479,336

417,2296,030,193

6,521,494

1,631
565

-

-

-

-

-

454

454

561
4,424
4,424
16,624

-

-

1,627
457
457
59,094417,229

304,605
37,659293,452
274,306
19,146313
6,666,680

306,794
37,659305,846
274,306
31,5391,678
7,173,927

4,918

2,592
-

4,918
574
5,493

2,592
790
8,805

Total
Note: Items treated as securities based on “financial product accounting standards” (Corporate Accounting Standards No. 10) are included.

(iii) Fiscal year-end yields on bonds (general account)
Category
As of March 31, 2016
Japanese bonds(including JGBs)
Foreign bonds(%)

As of March 31, 2017
1.97

1.87

4.14

2.37

Note: Yields on bonds above are calculated excluding discount bonds.

8

(iv) Japanese stock holdings by industry (general account)
Category

Manufacturing industries

Fisheries, agriculture and forestry
MiningConstruction
Food products
Textiles and clothing
Pulp and paper
Chemicals
Medicals products
Oil and coal products
Rubber products
Glass and stone products
Steel
Non-steel metals
Metal products
Machinery
Electric appliances
Transportation vehicles
Precision machinery
OthersElectric and gas utilities
Ground transportation
Water transportation
Air transportation
Warehouses/transportation
Information/telecommunications

1,758
1,214

Transportation
Commerce/Information
telecommunications
Financialservices/insuranceBanking
Securities and commodity futures trading
Insurance
Other financial services
Real estate
Service companies
Total

5.3
3.6

1,143
1,420

418
1,279
4,229
2,394
389
433
476
1,753

3,042
3,057

9.2

6,717
935

20.1
2.8

1.0
4.3
13.6
6.5
1.1
1.6
1.2
4.5

9.4

212

0.6

3,183

8.5
-

8,522
960

22.6
2.6

2,528
37,659Note: Categories of stock holdings by industry are based on the classification by Securities Identification Code Committee of Japan.

9

-

3,542

7.8
100.0

-

-

-

-

0.3

365
1,610
5,137
2,466
403
612
460
1,706

9.1

-

-

-

-

4.1
3.9

128

1.3
3.8
12.7
7.2
1.2
1.3
1.4
5.3

-

-

-

-

4.6
2.8

1,557
1,484

0.3

-

-

-

-

2,594
33,364

1,729
1,047

3.4
4.3

107

-

-

-

Wholesalers
Retailers(Millions of yen)
As of March 31, 2017
Amount% of total

As of March 31, 2016
Amount% of total

6.7
100.0

(v) Fair value information on derivative transactions (general account)(1) Breakdown of valuation gains and losses (Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(Millions of yen)
As of March 31, 2016
Interest raterelated
Hedge accounting is applied
Hedge accounting is not applied
Total

-

Stockrelated

Bondrelated-

Others

Total

-

-

-

737

(230)

-

-

929

422
737
As of March 31, 2017

(230)

-

-

929

-

-

-

-

-

422

Hedge accounting is applied
Hedge accounting is not applied

Currencyrelated

-

-

337

3,797

462

-

4,597

Total
337
3,797
462
4,597
Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements of income.
(2) Interest rate derivatives(Millions of yen)
As of March 31, 2017

As of March 31, 2016
Category

Items

Notional amount total

Valuation
gains(losses)

Fair valueOver 1 year
Over-the- Interest rate swaps
countertransactions Fixed-rate received / Floating-rate payable

1,000

1,000

422

Total

Notional amount total

Fair value

Valuation
gains(losses)

337

337Over 1 year

422

1,000

1,000

422

337

Note: Fair value is also shown in the column under "Valuation gains (losses)".

(Reference) Balance of interest rate swaps by remaining period(Millions of yen)
As of March 31, 2016

Category

Due after 1
year
through 3years

Due in 1
year
or less

Due after 3
years
through 5years

Due after 5
years
through 7
years

Due after 7
years
through 10
years

Due after
10 years

Total

Fixed-rate received / Floating-rate payable
for notional principal of interest rate swap

-

-

-

-

-

1,000

1,000

Average fixed-rate received

-

-

-

-

-

1.89

1.89

Average floating-rate payable
Total

-

-

-

-

-

0.12
1,000

0.12
1,000

As of March 31, 2017
Category

Due after 3
years
through 5years

Due after 1
year
through 3years

Due in 1
year
or less

Due after 7
years
through 10
years

Due after 5
years
through 7
years

Due after
10 years

Total

Fixed-rate received / Floating-rate payable
for notional principal of interest rate swap

-

-

-

-

-

Average fixed-rate received

-

-

-

-

-

1.89

1.89

Average floating-rate payable
Total

-

-

-

-

-

(0.00)
1,000(0.00)
1,000

10

1,000

1,000

(3) Currency derivatives(Millions of yen)
As of March 31, 2016

Category

Items

Notional amount total

Fair valueOver 1 year
Forward foreign exchanges
SoldOver-theU.S. dollar
counterEurotransactions
Australian dollar
BoughtU.S. dollars

50,03531,792
15,387
2,855

-

-

737
714
25
(2)
-

Total

As of March 31, 2017
Valuation
gains(losses)

737
714
25
(2)
737

Notional amount total

Fair value

Valuation
gains(losses)

3,799
3,284
514

3,799
3,284
514

(1)
(1)

(1)
(1)
3,797

Over 1 year

240,804
212,273
28,531-169
169

Notes:
1. The forward rate of exchange is used to value forward foreign exchanges as of March 31, 2016.
2. The fair value forward foreign exchanges is valued by discounting by the rate as of March 31, 2017.
3. Fair value is also shown in the column under "Valuation gains (losses)".

(4) Stock derivatives(Millions of yen)
As of March 31, 2016

Category

Items

Notional amount total

Fair valueOver 1 year
ListedYen-denominated stock index futures
Sold

72,793-Total
Note: Fair value is also shown in the column under “Valuation gains (losses).”(5) Bond derivatives
Not applicable(6) Others
Not applicable

11

(230)

As of March 31, 2017
Valuation
gains(losses)

(230)
(230)

Notional amount total

Fair value

Valuation
gains (losses)

Over 1 year

96,016

-

462

462
462

(2) Loans (General Account)(i) Details of loans (general account)
Category
Policy Loans
Policyholder loans
Automatic premium loans
Commercial loans
Others
Total(Millions of yen)
As of March 31, 2016

As of March 31, 2017

171,649
155,413
16,235
171,64912

180,339
163,580
16,75834
34
180,374

(3) Overseas Investment (General Account)(i) Details Overseas Investment by assets (general account)(Millions of yen, %)As of March 31, 2017
Amount% of total■ Assets denominated in foreign currency (yen amount not fixed)
As of March 31, 2016
Category
Amount% of total
Foreign bonds
70,13470.6
Foreign stocks
1,992
2.0
Cash, deposits and other
19,69019.8
Total
91,81792.4

274,306
12,95021,789309,046

86.4
4.1
6.9
97.3

■ Assets denominated in foreign currency (yen amount fixed)
Not applicable(Millions of yen, %)■ Assets denominated in yen
Category

As of March 31, 2016
Amount% of total

Loans to borrowers locatedoutside of Japan
Foreign bonds and others
Total

As of March 31, 2017
Amount% of total

-

-

-

-

7,576

7.6

8,590

2.7

7,576

7.6

8,590

2.7
(Millions of yen, %)■ TotalCategory
Overseas Investment

As of March 31, 2016
Amount% of total

99,394As of March 31, 2017
Amount% of total

100.0

317,636100.0(ii) Foreign-currency-denominated assets by currency (general account)(Millions of yen, %)Category

As of March 31, 2016
AmountAs of March 31, 2017

% of total

Amount% of total

U.S. dollar

82,50089.9

291,759

94.4

Euro

6,151

6.7

5,853

1.9

Australian dollar

2,914

3.2

11,199

3.6

British pound

248

0.3

229

0.1

2

0.0

New Taiwanese dollar-

Singapore dollar
Total

-

91,817

100.0

13

-

4

0.0

309,046

100.0

(iii) Overseas investments by region (general account)(Millions of yen, %）As of March 31, 2016
Foreign securities
Category

North America
EuropeOceania
Asia
Latin America
Middle East
AfricaInternationalorganizations
Total

Loans to borrowers
located outside of Japan

Bonds

Stocks, etc.

Amount % of total
72,644
78.0
4,428
4.8
2,892
3.1
13,175
14.1-

Amount % of total
67,242
95.9
2,892
4.1
-

Amount % of total
5,402
23.5
4,428
19.2
13,175
57.3
-

-

-

-

93,140100.0-70,134100.0

23,005

North America
EuropeOceania
Asia
Latin America
Middle East
AfricaInternationalorganizations
Total

-

-

-

-

100.0

-

-

Loans to borrowers
located outside of Japan

Bonds

Stocks, etc.

Amount % of total
278,242
91.0
3,707
1.2
11,196
3.7
12,6994.2-

Amount % of total
274,306
100.0-

Amount % of total
3,936
12.5
3,707
11.8
11,19635.5
12,699
40.3
-

-

-

-

305,846

100.0-

274,306100.0

1431,539% of total-

As of March 31, 2017
Foreign securities
Category

AmountAmount% of total
-

-

-

-

-

100.0

-

-

(4) Real Estate (General Account)(i) Details of tangible fixed assets (general account)(Millions of yen)

CategoryLand
For the year ended
March 31, 2016

Buildings
Leased assets
Construction in progress

Balance at the
Increase in the
beginning of
periodthe period

83,00734,757364

For the year ended
March 31, 2017

452

0
31
169

Total

118,232566

Land

83,007
32,777

3,810

12
31
427

2
163
677

116,256

4,653

Other tangible fixed assets

Buildings
Leased assets
Construction in progress
Other tangible fixed assets
Total

15
-

-

Decrease in
the period

Amount of Balance at the
depreciation in end of thethe period
period

318
[312]
50
[49]
368
[362]
41
[7]
119
18
180
[7]

2,025
4

% of
accumulated
depreciation--

25,852

44.1

8

41.0

144

12
31
427

1,723

80.1

2,173

116,256

27,584

45.4

-

2,103
4

83,00734,442--

27,406

44.3

180

10
75
906

1,617

64.1

2,288

118,441

29,03645.1-

Note: Figures in [ ] in the “Decrease in the period” describe the amount of impairment losses.

(ii) Balance of real estate and the number of buildings for rent (general account)(Millions of yen)
Category
As of March 31, 2016 As of March 31, 2017
Real estate balance
115,816
117,5253,193
6,357
For corporate use
112,623
111,168
For rent
Number of buildings for rent
3
3

15

83,007
32,777

Amount ofaccumulated
depreciation

12

56.0
-

-

3. Fair Value Information on Separate Account Assets in Individual Variable Life
Insurance and Individual Variable Annuities
Assets relating to individual variable life insurance and individual variable annuities are jointly invested at Sony Life.

(1) Valuation Gains (Losses) on Trading-purpose Securities (Separate Account)(Millions of yen)

As of March 31, 2016
Category
Trading-purpose securities

Balance sheet amount

As of March 31, 2017

Net valuation gains(losses) recorded
in income

794,025

Balance sheet amount

Net valuation gains(losses) recorded
in income

919,265

45,559(76,099)(2) Details of Securities (Separate Account)
Category(Millions of yen)
As of March 31, 2017
Balance sheet amount

As of March 31, 2016
Balance sheet amountJapanese bonds(including JGBs)
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Total

158,244

148,130

50,046
378,833
62,504
316,328
206,902794,025

49,294476,218
68,315407,902245,621919,265(3) Fair Value Information on Monetary Trusts (Separate Account)Not applicable(4) Fair Value Information on Derivative Transactions (Separate Account)Not applicable164. Other(1) Key Performance Indicators for Past Five Fiscal Years(Millions of yen)

Ordinary revenues
Ordinary profit
Core profit
Net income
Common stock
Number of shares issued andoutstanding [thousands of shares]
Total assets
Of which, separate account assets
Policy reserves
Loans
Securities
Solvency margin ratio
Number of employees
Policy amount in force

Year ended
March 31, 2013

Year ended
March 31, 2014

Year ended
March 31, 2015

Year ended
March 31, 2016

Year ended
March 31, 2017

1,142,274
74,65980,04542,44470,0001,197,109
69,20572,36537,06370,0001,223,827
79,66576,50542,52470,0001,230,141
60,79243,01937,09670,0001,243,739
60,18083,83135,18570,000[70,000][70,000][70,000][70,000][70,000]

5,952,750
550,624
5,472,930
145,104
5,211,535
2,281.8%
6,323
39,124,675

6,624,903
640,562
6,123,633
154,219
5,954,716
2,358.7%
6,553
40,500,241

7,301,350
793,344
6,727,241
162,399
6,543,703
2,555.0%
6,781
42,430,898

8,035,408
850,323
7,336,533
171,649
7,273,361
2,722.8%
7,289
44,749,196

8,873,613
989,605
7,929,944
180,374
8,093,192
2,568.8%
7,865
47,185,239

Policy amount in force for group56,50355,196
17,21013,093
11,570annuities
Notes:
1. Policy amount in force is the total of individual life insurance, individual annuities and group life insurance.
Policy amount for individual annuities is equal to the sum of (a) the funds to be held at the time annuity payments are to commerce
for policies for which annuity payments have not yet 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 outstanding policy reserves.

17

(2) Policy Reserve Calculation Methods, and for Ratios, Involving Individual Life Insurance and Individual Annuities
Category

Pure death-protection insurance
Policies subject toMixed insurance
standard policy
Pure endowment insurance
reserve method
Calculation
Annuities
methodPure death-protection insurance
Policies not subject
Mixed insurance
to standard policy
Pure endowment insurance
reserve method
Annuities
Ratio of "amount of the company's policy reserve (excluding
contingency reserve)" to "policy reserves
required by regulatory standards"

For the year ended
March 31, 2016

For the year ended
March 31, 2017

Net level premium
reserve method

Net level premium
reserve method

Net level premium
reserve method

Net level premium
reserve method

100.1%

100.1%

Notes:
1. The calculating methods and ratios are set for individual life insurance and individual annuities. The concept of accumulation
method is not targeted at policy reserves for group life insurance and group annuities, so these insurance
policies are not included.
2. The above ratios indicate the amounts of the company’s policy reserves (excluding contingency reserve) to the requiredpremium reserves and unearned premiums calculated by (a) the method laid down in the Ministry of Finance Public Notice
No. 48 of 1996 for policies to which the standard policy reserve method is applied, and (b) the net level premium reserve
method for policies to which the standard policy reserve method is not applied.

18