May 19, 2020
Sony Financial Holdings Inc.

Supplementary Data on Sony Life’s Financial Results
for the Fiscal Year Ended March 31, 2020
<Contents>
1. Company Total of General Account and Separate Account(1) Status of Investment Assets(i) Portfolio of investment assets(ii) Changes in investment assets by categories(2) Securities(i) Valuation gains (losses) on trading securities(ii) Fair value information on securities(iii) Fair value information on money held in trust(iv) Fair value information on derivative transactions
2. General Account Assets(1) Securities(i) Details of securities(ii) Balance of securities by remaining period(iii) Fiscal year-end yields on bonds(iv) Japanese stock holdings by industry(v) Fair value information on derivative transactions(2) Loans(i) Details of loans(3) Overseas Investment(i) Details by assets(ii) Foreign currency-denominated assets by currency(iii) Overseas investments by region(4) Real Estate(i) Details of tangible fixed assets(ii) Balance of real estate and the number of buildings for rent
3. Fair Value Information relating to Separate Account Assets in Individual
Variable Life Insurance and Individual Variable Annuities(1) Valuation Gains (Losses) on Trading Securities(2) Details of Securities(3) Fair Value Information on Money held in Trust(4) Fair Value Information on Derivative Transactions
4. Others(1) Key Performance Indicators for Past Five Fiscal Years(2) Policy Reserve Calculation Methods and Ratios, Involving Individual Life
Insurance and Individual Annuities

P.2

P.3

P.6

P.9
P.10

P.12

P.13
P.13
P.13
P.13

P.14
P.14

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. Company Total of General Account and Separate Account(1) Status of Investment Assets(i) Portfolio of investment assets
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
Foreign currency-denominated assets

As of March 31, 2019
AmountComposition(Millions of yen, %)As of March 31, 2020
AmountComposition

175,746－－－－
269,387
9,523,877
7,892,912
49,381
1,262,611
628,673
633,938
318,971
198,41090,804
14,248108,296(623)
10,380,148
1,262,559

157,709－－－－40
10,629,972
8,532,710
50,127
1,765,943
1,064,315
701,627
281,191
208,632
92,55919,308
129,554(652)
11,237,124
1,758,224

1.7
－
－
－
－
2.6
91.8
76.0
0.5
12.2
6.1
6.1
3.1
1.9
0.9
0.1
1.0
(0.0)
100.0
12.2

1.4
－
－
－
－
0.0
94.6
75.9
0.4
15.7
9.5
6.2
2.5
1.9
0.8
0.2
1.2
(0.0)
100.0
15.6

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 categories
Category

For the year ended March 31, 2019
Amount(Millions of yen)
For the year ended March 31, 2020
Amount56,563－－－－(1,194)757,909463,918(38,994)
303,422
184,751
118,671
29,5638,924(1,542)
3,461(11,333)(328)
812,458
288,509(18,037)－－－－(269,346)
1,106,095
639,797745
503,332
435,642
67,689(37,780)
10,221
1,755
5,059
21,257(29)
856,976495,665

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
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(i) Valuation gains (losses) on trading securities(Millions of yen)
As of March 31, 2019
Category

Net valuation gains (losses)
recorded in income

Balance sheet amount
Trading securities

As of March 31, 2020

1,185,507

Net valuation gains (losses) recorded
in incomeBalance sheet amount

30,0701,241,363(108,018)(ii) Fair value information on securities
a. Securities with fair value (except trading securities)(Millions of yen)
As of March 31, 2019

As of March 31, 2020

Net unrealized gains (losses)
Category

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

Carrying
amountFair value

6,770,008

8,800,847

2,030,838

2,051,389

680,757

764,282

83,52583,733－－－

Stocks of subsidiaries andaffiliated companies
Available-for-sale securities
Japanese bonds

Net unrealized gains (losses)
Carrying
amountFair value

20,551

7,349,139

9,768,470

2,419,331

2,425,393

6,061

208

855,937

997,896

141,958

142,397

438

－

－

－

－

－

－

－

Unrealized Unrealized
gains
losses

Unrealized Unrealized
gains
losses964,854

1,132,524

167,670

169,8102,140

967,259

1,137,460

170,201

170,26766

867,645

1,024,732

157,086

157,086－

873,327

1,007,815

134,487

134,515

28

Japanese stocks

9,685

19,143

9,458

9,555

96

4,825

9,587

4,762

4,800

37

Foreign securities

87,357

88,341

984

3,027

2,043

89,106

120,057

30,95030,950－

Bonds

79,56881,811

2,243

3,027

784

87,634

118,584

30,95030,950－Stocks, etc.

7,788

6,529

(1,259)

－

1,259

1,472

1,472

－

－

－

Other securities

165

307

141

141

－

－

－

－

－

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

Total

8,415,620

10,697,654

2,282,034

2,304,933

22,8999,172,336

11,903,828

2,731,491

2,738,058

6,566Japanese bonds

7,858,097

10,129,659

2,271,562

2,277,594

6,032

8,230,025

10,590,705

2,360,679

2,367,208

6,528Japanese stocks

9,685

19,143

9,458

9,555

96

4,825

9,587

4,762

4,800

37

Foreign securities

547,671548,543872

17,642

16,770937,485

1,303,535

366,049

366,049

－
－

Bonds

539,883

542,0142,131

17,642

15,511

936,013

1,302,062

366,049

366,049

Stocks, etc.

7,788

6,529

(1,259)

－

1,259

1,472

1,472

－

－

－

Other securities

165

307

141

141

－

－

－

－

－

－

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. The carrying amount and net unrealized gains (losses) on money held in trust, including items other than trading securities, amounted to ¥232,566 million and¥37,275 million, as of March 31, 2019, respectively.

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

As of March 31, 2019

As of March 31, 2020

Held-to-maturity securities－－

Unlisted foreign bonds－－

Others－－－－Stocks of subsidiaries and affiliated companies

16,276

39,682Available-for-sale securities

5,445

4,620

Unlisted Japanese stocks (except OTC stocks)

159

159

Unlisted foreign stocks (except OTC stocks)

355

243

－

－

Policy-reserve-matching bonds

Unlisted foreign bonds
Others
Total

3

4,929

4,216

21,72144,302

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, 2019
Category

Held-to-maturity securities

As of March 31, 2020

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses6,770,008

8,800,847

2,030,838

2,051,389

20,551

7,349,139

9,768,470

2,419,331

2,425,393

6,061

Policy-reserve-matching bonds

680,757

764,282

83,52583,733208

855,937

997,896

141,958

142,397

438

Stocks of subsidiaries and affiliatedcompanies

16,276

16,2804

4－

39,682

39,661

(21)

－

21
656

Available-for-sale securities

970,299

1,141,169

170,869

173,361

2,491

971,879

1,143,849

171,970

172,626

Japanese bonds

867,645

1,024,732

157,086

157,086－

873,327

1,007,815

134,487

134,515

28

Japanese stocks

9,845

19,303

9,458

9,555

96

4,985

9,747

4,762

4,800

37

Foreign securities－

87,712

89,867

2,154

4,198

2,043

89,349121,356

32,00632,006

Bonds

79,56881,811

2,243

3,027

784

87,634

118,584

30,95030,950－Stocks, etc.

8,144

8,055

(88)

1,170

1,259

1,715

2,771

1,056

1,056

－

Other securities

590

5,095

7,265

2,170

2,521

351

4,216

4,929

712

1,303

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

8,437,341 10,722,579

2,285,238

2,308,489

23,251

9,216,639 11,949,878

2,733,239

2,740,417

7,177

7,858,097 10,129,659

8,230,025 10,590,705

6,528

Others
Total
Japanese bonds

2,271,562

2,277,594

6,032

2,360,679

2,367,208

Japanese stocks

17,832

27,290

9,458

9,555

96

23,301

28,064

4,762

4,800

37

Foreign securities

556,316

558,364

2,047

18,817

16,770959,095

1,326,179

367,084

367,105

21

Bonds

539,883

542,0142,131

17,642

15,511

936,013

1,302,062

366,049

366,049－

Stocks, etc.

16,433

16,349

(84)

1,175

1,259

23,081

24,116

1,034

1,056

21

Other securities

590

5,095

7,265

2,170

2,521

351

4,216

4,929

712

1,303

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

(iii) Fair value information on money held in trust(Millions of yen)

As of March 31, 2019

Category

Money held in trust

As of March 31, 2020

Net unrealized gains (losses)

Balancesheet
amountFair value

269,387

269,387

Unrealized Unrealized
gains
losses－－－Net unrealized gains (losses)

Balancesheet
amountFair value

40

40

Unrealized Unrealized
gains
losses－－－Note: The above table includes jointly invested money held in trust, amounted to ¥40 million as of March 31, 2019 and March 31, 2020, respectively.

■ Money held in trust for investment
Not applicable■ Money held in trust for held-to-maturity, policy-reserve-matching and other(Millions of yen)

As of March 31, 2019
Category

As of March 31, 2020

Net unrealized gains (losses)

Carrying
amountFair value

Money held in trust for held-to-maturity

－

－

－

－

Money held in trust for policy-reserve-matching

－

－

－

232,071

269,346

37,275

Other money held in trust4

Net unrealized gains (losses)

Carrying
amountFair value

－

－

－

－

－

－

－

－

－

－

－

－

－

37,275

－

－

－

－

－

－

Unrealized Unrealized
gains
losses

Unrealized Unrealized
gains
losses(iv) Fair value information on derivative transactions■ Qualitative Information(1) Transaction details
The main derivative transactions used by Sony Life are as follows:
Currency-related: Forward foreign exchange transactions
Stock-related: Stock index futures trading, total return swap transactions(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.
Currency-related : The purpose is to hedge foreign currency-related 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 related to its holdings of assets and the minimum guaranteed for individual variable life insurance.

(3) Risk details
The risk of fluctuations in market value (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 charge of investment, the administrative
division receives reports directly from the transaction counterparty. This system enables the administrative division and 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 Sony Life’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 (losses) (Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(Millions of yen)
BondInterest rateCurrencyStockrelated
OthersTotal
relatedrelatedrelated－－－－－－Hedge accounting is applied
As of
－
－
－
(409)
(7,331)(7,741)Hedge accounting is not applied
Mar. 31,
2019

Total

－

(409)

(7,331)－－(7,741)

As ofMar. 31,2020

Hedge accounting is applied
Hedge accounting is not applied

－
－

－
215

－
17,346－－－－－
17,561

Total

－

215

17,346－－

17,561

Note: Valuation gains (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
Not applicable(b) Currency derivatives(Millions of yen)
As of March 31, 2019

Category

Items

Notional amount total

As of March 31, 2020
Valuation
gains (losses)

Fair value

Notional amount total

Over 1 year

Valuation
gains (losses)

Fair valueOver 1 year

Forward foreign exchanges
Over-thecountertransactions

21,154

－

(409)

(409)

11,809－215

U.S. dollars

12,740

－

(354)

(354)

3,262

－

(2)

(2)

Euro

8,413

－

(54)

(54)

8,547

－

217

217

Sold

Total

(409)

215

215

Notes:
1. The fair value forward foreign exchanges is calculated using the discounted present value based on the fiscal year-end interest rate.
2. Fair value is also shown in the column under "Valuation gains (losses)".

(c) Stock derivatives(Millions of yen)
As of March 31, 2019

Category

Items

Notional amount total

As of March 31, 2020
Valuation
gains (losses)

Fair valueOver 1 year
ListedOver-the-countertransactions

Notional amount total

Fair valueOver 1 year

Valuation
gains (losses)

Stock index futures
Sold
Total return swaps
Sold

58,724

－

308

308

39,525

－

(934)

(934)

63,107－(7,640)(7,640)(7,331)

103,408－

18,28018,28017,346Total
Note: 1. Fair value of stock index futures is the closing price on the Exchange at the end of the fiscal year.
2. Fair value of total return swap is calculated using stock price, etc. at the end of the fiscal year.
3. 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 applicable52. General Account Assets(1) Securities(i) Details of securities(Millions of yen, %)As of March 31, 2019

As of March 31, 2020

Category
AmountJapanese government bonds

Composition

AmountComposition

7,212,288

86.5

7,757,263

82.6

448

0.0

445

0.0

532,604

6.4

606,804

6.5

460,9765.5

471,862

5.0

Japanese stocks

28,611

0.3

28,0640.3

Foreign securities

564,666

6.8

995,567

10.6

Bonds

542,126

6.5

966,964

10.3

Stocks, etc.

22,5390.3

28,603

0.3

Other securities

1,071

0.0

464

0.0

8,339,691

100.0

9,388,609

100.0Japanese local government bonds
Japanese corporate bonds
Public corporation bonds

Total(ii) Balance of securities by remaining period(Millions of yen)
Category

More than
3 yearto 5 years

More than
1 yearto 3 years

Within1 yearOver 10 years(including
no fixed
maturity)More than
7 yearto 10 years

More than
5 yearto 7 years

Total

As of March 31, 2019Japanese government bonds

－

5,372

56,110270,303

388,956

6,491,545

Japanese local government bonds

－

－

－

－

－

448

448

Japanese corporate bonds

－

－

2,327

2,588

3,220

524,468

532,604

Japanese stocks
Foreign securities
Bonds
Stocks, etc.
OthersTotal

7,212,288

－

－

－

－

－

28,611

28,611

4,708

2,790

222

－

－

556,945564,666

－

－

－

－

－

542,126

542,126

4,708

2,790

222

－

－

14,81822,539

98

665

－

－

－

307

1,071

4,806

8,828

58,659272,892

392,177

7,602,326

8,339,691

7,757,263

As of March 31, 2020
7,139

18,725249,828

313,323

482,539

6,685,706

Japanese local government bonds

－

－

－

－

－

445

445

Japanese corporate bonds

－

－

4,882

1,043

2,176

598,701

606,804

Japanese government bonds

Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Others
Total

－

－

－

－

－

28,06428,064

4,315

2,391

2,470

1,178

2,667

982,544995,567

－

1,128

2,284

1,178

2,667

959,706

966,964

4,315

1,262

186

－

－

22,83828,603

65

398

－

－

－

－

464

11,52021,516257,181315,545487,383

8,295,461

9,388,609

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(%)
Category

As of March 31, 2020

As of March 31, 2019Japanese bonds

1.76

1.71

Foreign bonds

2.55

2.54

Note: Figures in this table are calculated excluding discount bonds.

6

(iv) Japanese stock holdings by industry
Category
Fisheries, agriculture and forestry
MiningConstruction
Manufacturing industries
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
Transportation/Information telecommunications
Ground transportation
Water transportation
Air transportation
Warehouses/transportation
Information/telecommunications
Commerce
Wholesalers
Retailers
Financial services/insuranceBanking
Securities and commodity futures trading
Insurance
Other financial services
Real estate
Service companies
Total

As of March 31, 2019
AmountComposition(Millions of yen, %)As of March 31, 2020
AmountComposition

－
－
1,806

－
－
6.3

－
－
354

－
－
1.3

93
－
－
808
887
－
－
143
－
－
277
940
4,969
2,434
730
810
－

0.3
－
－
2.8
3.1
－
－
0.5
－
－
1.0
3.3
17.4
8.5
2.6
2.8
－

－
－
－
826
706
－
－
－
－
－
－
705
1,576
924
692
538
－

－
－
－
2.9
2.5
－
－
－
－
－
－
2.5
5.6
3.3
2.5
1.9
－

1,187
－
－
－
257

4.2
－
－
－
0.9

800
－
－
－
－

2.9
－
－
－
－

106
2,877

0.4
10.1

－
927

－
3.3

－
－
8,096
926
－
1,256
28,611

－
－
28.3
3.2
－
4.4
100.0

－
－
18,426379－
1,206
28,064

－
－
65.7
1.4
－
4.3
100.0

Note: Categories of stock holdings by industry are based on the classification by Securities Identification Code Committee of Japan.

7

(v) Fair value information on derivative transactions (total of derivatives to which hedge accounting is applied and derivatives to which hedge accounting is notapplied)(1) Breakdown of valuation gains (losses) (Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(Millions of yen)Interest raterelated

Currencyrelated

Stockrelated

Bondrelated

OthersTotal

As of March 31, 2019
Hedge accounting is applied

－

－

－

－

－

－

Hedge accounting is not applied

－

(409)

(7,331)－－(7,741)－(409)(7,331)－－(7,741)Total
As of March 31, 2020
Hedge accounting is applied

－

－

－

－

－

－

Hedge accounting is not applied－

215

17,346－－

17,561

Total－
215
17,346－－
17,561
Note: Valuation gains (losses) on derivatives to which hedge accounting is not applied are recorded in the statements of income.
(2) Interest rate derivatives
Not applicable(3) Currency derivatives(Millions of yen)
As of March 31, 2020

As of March 31, 2019
Category

Items

Notional amount total

Fair valueOver 1 year
Forward foreign exchanges
Over-theSoldcounter
U.S. dollartransactions
Euro

－
－
－

21,154
12,740
8,413

(409)
(354)
(54)

Total

Valuation
gains(losses)

(409)
(354)
(54)
(409)

Notional amount total

Fair valueOver 1 year
11,809
3,262
8,547

－
－
－

215
(2)
217

Valuation
gains(losses)

215
(2)
217
215

Notes:
1. The fair value of forward foreign exchanges is calculated using the discounted present value based on the fiscal year-end interest rate.
2. Fair value is also shown in the column under "Valuation gains (losses)".

(4) Stock derivatives(Millions of yen)
As of March 31, 2020

As of March 31, 2019
Category

Items

Notional amount total

Fair valueOver 1 year
ListedValuation
gains(losses)

Notional amount total

Fair value

Valuation
gains(losses)Over 1 year

Stock index futures

Sold
Over-theTotal return swaps
countertransactions
Sold

58,724

－

308

308

39,525

－

(934)

(934)

63,107－(7,640)(7,640)103,408－

18,28018,280Total(7,331)Note:
1. The fair value of stock index futures is the closing price on the Exchange at the end of the fiscal year.
2. The fair value of total return swaps is calculated using stock price, etc.at the end of the fiscal year.
3. Fair value is also shown in the column under "Valuation gains (losses)".

(5) Bond derivatives
Not applicable(6) Others
Not applicable8

17,346

(2) Loans(Millions of yen)(i) Details of loans
Category

As of March 31, 2019

198,369
180,988
17,38041
41
198,410

Policy Loans
Policyholder loans
Automatic premium loans
Commercial loans
OthersTotal
Note: Details of ''Others'' are employees loans.

9

As of March 31, 2020

208,069
190,521
17,548562
562
208,632(3) Overseas Investment(i) Details by assets■ Foreign currency-denominated assets (yen amount not fixed)
As of March 31, 2019
Category
AmountComposition(Millions of yen, %)As of March 31, 2020
AmountComposition

Foreign bonds

542,126

95.1

966,96496.1

Foreign stocks

8,395

1.5

3,267

0.3

Cash, deposits and other

11,5732.0

14,884

1.5

Subtotal

562,095

98.6

985,116

97.9■ Foreign currency-denominated assets (yen amount fixed)
Not applicable■ Yen-denominated assets
Category(Millions of yen, %)As of March 31, 2019
AmountComposition

As of March 31, 2020
AmountComposition

－

－

－

－

Foreign bonds and others

8,199

1.4

20,885

2.1

Subtotal

8,199

1.4

20,8852.1

Loans to borrowers located outside of Japan■ Total(Millions of yen, %)Category

As of March 31, 2019
AmountComposition

570,294

Overseas Investment

As of March 31, 2020
AmountComposition

100.0

1,006,001

100.0(ii) Foreign currency-denominated assets by currency(Millions of yen, %)Category

As of March 31, 2019
AmountAs of March 31, 2020

Composition

AmountComposition

553,290

98.4

980,637

99.5

Euro

1,853

0.3

2,432

0.2

Australian dollar

6,529

1.2

1,472

0.1

British pound

81

0.0

77

0.0

Singapore dollar

341

0.1

497

0.1

562,095

100.0

985,116

100.0

U.S. dollar

Total

10

(iii) Overseas investment by region(Millions of yen, %）As of March 31, 2019
Foreign securities
Category

Bonds
AmountNorth America

Composition

544,77896.5

AmountStocks, etc.

Composition

542,126

Loans to borrowers locatedoutside Japan

100.0

AmountComposition

2,652

AmountComposition
－

11.8

－

Europe

2,712

0.5

－

－

2,712

12.0

－

－

Oceania

6,529

1.2

－

－

6,529

29.0

－

－

339

0.1

－

－

339

1.5

－

－

10,306

1.8－－

10,306

45.7

－

－

Asia
Latin America
Middle East

－

－

－

－

－

－

－

－

Africa

－

－

－

－

－

－

－

－

International Organizations

－

－

－

－

－

－

－

－

564,666

100.0

542,126100.0

22,539

100.0

－

－

Total

As of March 31, 2020
Foreign securities
Category

Bonds
AmountComposition

AmountLoans to borrowers locatedoutside Japan

Stocks, etc.

Composition

AmountComposition

AmountComposition

969,100

97.3

966,964

100.0

2,136

7.5

－

－

Europe

2,032

0.2

－

－

2,032

7.1

－

－

Oceania

1,472

0.1

－

－

1,472

5.1

－

－

496

0.0

－

－

496

1.7

－

－

22,465

2.3－－

22,465

78.5

－

－

－

－

－

－

－

－

－

－

North America

Asia
Latin America
Middle East
Africa

－

－

－

－

－

－

－

－

International Organizations

－

－

－

－

－

－

－

－

995,567

100.0

966,964

100.0

28,603

100.0

－

－

Total

11

(4) Real Estate(i) Details of tangible fixed assets(Millions of yen, %）Category

Amount of Balance at the
depreciation in end of thethe period
periodBalance at the
Increase in the
beginning of
periodthe period

Decrease in
the period

Amount ofaccumulated
depreciation% ofaccumulated
depreciation

62,259－－－62,259－－30,087

494

69

1,967

28,54427,45949.0

For the year ended March 31, 2019Land
Buildings[34]

Leased assets

5

21

1

4

20

0

2.4

Construction in progress

－

－

－

－

－

－

－

816

130

4

189

752

1,791

70.4

2,161

91,57729,251

49.9

Other tangible fixed assets[2]
93,169

Total

646

76
[37]

For the year ended March 31, 2020

Land
Buildings

62,259

2,456

－

－

64,715－－28,544

1,406

112

1,995

27,84329,26951.2[18]

Leased assets

20

443

－

54

408

55

11.9

Construction in progress

－

－

－

－

－

－

－

752

92

4

189

651

1,909

74.6

2,239

93,61931,234

51.9

Other tangible fixed assets[2]
91,577

Total

4,397

116
[21]

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
(Millions of yen)

Category

As of March 31, 2019 As of March 31, 2020

Real estate balance

90,80492,559For corporate use

7,232

9,648

For rent

83,571

82,9102

3

Number of buildings for rent

12

3. Fair Value Information on Separate Account Assets for 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 Securities(Millions of yen)

As of March 31, 2019
Category

Trading securities

Balance sheet amount
1,184,185

As of March 31, 2020

Net valuation gains (losses)
recorded in income
30,230(2) Details of Securities(Millions of yen)

Category
Japanese bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Total

As of March 31, 2019

As of March 31, 2020

Balance sheet amount
147,570
20,770697,945
86,546
611,398
317,900
1,184,185

Balance sheet amount
168,197
22,063
770,376
97,351
673,024
280,727
1,241,363(3) Fair Value Information on Money Held in Trust
Not applicable(4) Fair Value Information on Derivative Transactions
Not applicable

13

Balance sheet amount
1,241,363

Net valuation gains (losses)
recorded in income(108,179)

4. Others(1) Key Performance Indicators for Past Five Fiscal Years(Millions of yen)
For the year ended
March 31, 2016

For the year ended
March 31, 2017

For the year ended
March 31, 2018

For the year ended
March 31, 2019

For the year ended
March 31, 2020

Ordinary revenues

1,230,141

1,243,739

1,351,076

1,464,218

1,580,117

Ordinary profit

60,79260,18056,33879,812

88,720Core profit

43,01983,831

81,384

97,242

96,168Net income

37,09635,18545,13449,60256,743

Common stock

70,00070,00070,00070,00070,000Shares issued and outstanding[thousands of shares]
Total assets[70,000][70,000][70,000][70,000][70,000]

8,035,408

8,873,613

9,567,689

10,380,148

11,237,124

Separate account assets

850,323

989,605

1,128,817

1,300,701

1,323,948

7,336,533

7,929,944

8,566,075

9,268,422

9,959,832

171,649

180,374

189,486

198,410

208,632

Securities

7,273,361

8,093,192

8,765,967

9,523,877

10,629,972

Solvency margin ratio

2,722.8%

2,568.8%

2,624.3%

2,590.5%

2,476.3%

Number of employees

7,289

7,865

8,246

8,461

8,642

Policy amount in force

44,749,196

47,185,239

49,173,547

51,474,244

53,249,230

13,093

11,57010,037

8,664

7,364

Policy reserves
Loans

Policy amount in force for group annuities

Notes:
1. A portion of surplus investment funds are jointly invested, which amounted to ¥1,740 million as of March 31, 2020.
2. 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 commence
for policies for which annuity payments have not yet commenced and (b) the amount of policy reserves for policies for which annuity payments have commenced.
3. The policy amount in force for group annuities is equal to the amount of policy reserves.

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

Calculation
methodPure death-protection insurance
Mixed insurance
Pure endowment insurance
Annuities
Pure death-protection insurance
Policies not subject toMixed insurance
standard policy reserve
Pure endowment insurance
methodAnnuities
Policies subject tostandard policy
reserve method

Ratio of "amount of the company's policy reserves (excluding contingency reserve)" to"policy reserves required by regulatory standards"

For the year ended
March 31, 2019

For the year ended
March 31, 2020

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 calculation
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 (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.

14