JAPAN EARTHQUAKEREINSURANCE CO., LTD.

PROFILEIn accordance with the introduction of the Law concerning Earthquake Insurance (Law No. 73,May 18, 1966) and following the launch of sales of earthquake insurance on dwelling risks to
be written in conjunction with dwelling and shop-owners comprehensive insurance policies,
JER was established with share capital of 1 billion yen by 20 domestic Japanese non-life insurance companies on May 30, 1966. The Company was licensed for the earthquake insurance
business and started its operation on June 1, 1966.
Earthquake insurance on dwelling risks depends on this reinsurance system (which is a safetynet, as it were), in which the government, non-life insurance companies and JER participate toensure that insurance claims can be paid to policyholders without fail.
The insurance premiums paid by policyholders are separated from non-life insurance companies, and are managed and operated by the government and JER.
JER is thus at the center of a reinsurance system, and undertakes reinsurance procedures withthe government and non-life insurance companies, while managing and operating the insurance premiums paid by policyholders as the sole earthquake reinsurance company in Japan.

ORGANIZATION(As of April 1, 2023)
General meeting of shareholders
Board of auditors
Board of directors

Board of managing directors

Reinsurance
administration dept.

Financial dept.

Planning andcontroller dept.

Audit office

Japan Earthquake Reinsurance Co., Ltd. Annual Report 2023

2

SHAREHOLDERS(As of March 31, 2023)
No. of shares owned(1,000 shares)

Percentage of shares
owned (%)

Tokio Marine & Nichido Fire Insurance Co., Ltd.

537

26.9

Sompo Japan Insurance Inc.

529

26.5

Mitsui Sumitomo Insurance Co., Ltd.

338

16.9

Aioi Nissay Dowa Insurance Co., Ltd.

255

12.8

AIG General Insurance Company, Ltd.

123

6.2

The Toa Reinsurance Co., Ltd.

93

4.7

Nisshin Fire & Marine Insurance Co., Ltd.

61

3.1

The Kyoei Fire & Marine Insurance Co., Ltd.

34

1.7

Rakuten General Insurance Co., Ltd.

80.4

SECOM General Insurance Co., Ltd.

70.4

Shareholder

BOARD MEMBERS (FULL-TIME)(As of July 1, 2023)

3

Post

Name

Chairman (representative director)

Kazuhiko Ishihara

President (representative director)

Shoji ItoManaging director (representative director)

Hiroyuki Hata

Managing director (representative director)

Satoshi Takayama

Corporate auditor

Tsuyoshi Suzuki

Japan Earthquake Reinsurance Co., Ltd. Annual Report 2023

MANAGEMENT INFORMATIONJER is now in the last year of the 6th 3-year Medium-Term Management Plan launched in2021.
In addition to announcing its plan, JER adopted its medium- to long-term corporate vision,“Moving into the next stage of security with the strength of an earthquake insurance specialist.” This plan lays out its first steps toward even more rapid progress over the next three years
or so to achieve its vision.
[Medium- to long-term corporate vision]“Moving into the next stage of security with thestrength of an earthquake insurance specialist.”
Under the 6th Medium-Term Management Plan, JER aims to build on its sophisticated management and contribute to the promotion of SDGs management by pursuing a human assets
strategy and digital transformation (DX). Specifically, it will focus on the following four strategies:(i) Promote initiatives toward an evolution of the earthquake insurance system (the earthquake insurance system)(ii) Establish an asset management system with an eye to an asset size of 1 trillion yen (theasset management system)(iii) Establish a system for prompt payouts at the time of a complex disaster (the emergency
response system)(iv) Pursue initiatives in collaboration with relevant industries and others toward improving thepercentage of earthquake insurance as an accessory contract to fire insurance, as well as
support for disaster preparedness and mitigation (the system for preparing for disasters)

The 6th Medium-Term Management Plan (outline) [2021-2023]
Managementphilosophy

Management policyMedium- to Long-Term
Corporate Vision

JER will aim to be a respected company that contributes to the sustainable development of a prosperous and safe society through the appropriate management of the earthquake insurance system.

We will prepare the reinsurance payment system to enable prompt
and proper actions after a large earthquake.

We will establish a fair and highly transparent management system.
We will also respond promptly and decisively to changes in the socialenvironment.

“Moving into the next stage of security with the strength of an earthquake insurance specialist.”

The earthquake insurancesystem

NewMedium-Term
Management
Plan

We focus on liquidity and safety in asset management.

新management
中 The assetsystem
期経営
計 People and systems
画Base

Promoting initiatives toward the evolution of
the earthquake insurance system

Establishing a system for prompt payoutsat the time of a complex disaster

The emergency
response system

Establishing an asset management systemwith an eye to an asset size of 1 trillion yen

Initiatives in collaborating with relevant industries andothers to improve the percentage of earthquake insurance
as an accessory contract to fire insurance, as well as
support for disaster preparedness and mitigation

The system forpreparing for disasters

Human assets strategy

Promotion of digital transformation

Sophistication of management foundations andto the promotion of SDGs management

Japan Earthquake Reinsurance Co., Ltd. Annual Report 20234