August 8, 2019Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Three Months Ended June 30, 2019
<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 June 30, 2018

As of March 31, 2019

NumberAmountNumber7,360

464,035

7,513

476,762

7,559

102.7

100.6

478,040

103.0

268

14,673334

18,946

355

132.4

106.4

20,369

138.8

107.5

7,629

478,708

7,847

495,708

7,914

103.7

100.9

498,410

104.1

100.5

Group life insurance－

19,594－

19,033－－－

18,83096.1

98.9

Group annuities

－

96

－

86

－

－

－

83

86.1

96.2

As of June 30, 2019

Category

Individual life insurance
Individual annuities
Subtotal

AmountNumberComparison to Comparison toJun. 30, 2018 Mar. 31, 2019

AmountComparison to Comparison toJun. 30, 2018 Mar. 31, 2019

100.3

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 three months ended June 30, 2018

For the three months ended June 30, 2019

Category
NumberAmountIndividual life insurance

124

Individual annuities
Subtotal

NumberAmountComparison to
FY18.1Q

Comparison to
FY18.1Q

New policies

Increase fromconversion

10,62868.2

10,628

－

134.7

1,563

135.5

1,563

－
－

New policies

Increase fromconversion

15,594

15,594

－

125

100.6

17

1,153

1,153

－

23

－

142

16,747

16,747149

104.8

12,191

72.8

12,191

Group life insurance

－

52

52

－

－

43

83.2

43

Group annuities

－

－

－

－

－

－

－

－

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
Individual life insurance(Millions of yen, %)As of June 30, 2018

As of March 31, 2019812,574

As of June 30, 2019

Comparison toJun. 30, 2018

Comparison to
Mar. 31, 2019

837,133

103.0

100.1

836,267

Individual annuities

43,77853,07956,130

128.2

105.7

Total

856,352

889,347

893,264

104.3

100.4

193,592

197,520

198,651

102.6

100.6

Medical protection, living benefit protection andother products

New policies(Millions of yen, %)Category

For the three months ended
June 30, 2018

For the three months ended
June 30, 2019

Individual life insurance

16,02414,012

87.4

Individual annuities

2,696

3,495

129.6

Total

18,721

17,508

93.5

3,366

3,105

92.2

Medical protection, living benefit protection andother productsComparison to
FY18.1Q

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
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
Amount%61,997－－－－269,387
8,339,691
7,745,342
28,611
564,666
542,126
22,5391,071
198,41090,804
14,248105,530(623)
9,079,446
562,095

0.7
－
－
－
－
3.0
91.9
85.3
0.3
6.2
6.0
0.2
0.0
2.2
1.0
0.2
1.2
(0.0)
100.0
6.2

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

3(Millions of yen)
As of June 30, 2019
Amount%126,458
1.3
－
－
－
－
－
－
－
－
267,979
2.8
8,609,223
91.3
7,848,433
83.2
28,6260.3
731,090
7.8
710,537
7.5
20,553
0.2
1,071
0.0
200,689
2.1
90,5251.0
14,3690.2
120,087
1.3
(635)
(0.0)
9,428,698
100.0
790,397
8.4

(2) Fair Value Information on Securities
a. Securities with fair value (except trading-purpose securities)(Millions of yen)
As of March 31, 2019
Category

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

As of June 30, 2019

Net unrealized gains (losses)

Carrying
amountFair value

6,770,008

8,800,847

680,757－

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
losses

Unrealized
gains

Unrealized
losses2,030,838

2,051,389

20,551

7,002,275

9,340,066

2,337,791

2,345,051

7,260

764,282

83,52583,733208

707,974

－

－

－

－

－

824,222

116,247

116,317

69

－

－

－

－
3,148

964,854

1,132,524

167,670

169,8102,140

969,907

1,140,062

170,155

173,303

Japanese bonds

867,645

1,024,732

157,086

157,086－

873,599

1,033,821

160,221160,221－

Japanese stocks

9,685

19,143

9,458

9,555

96

8,545

16,227

7,682

7,789

106
3,041

Foreign securities

87,357

88,341

984

3,027

2,043

87,597

89,691

2,093

5,135

Bonds

79,56881,811

2,243

3,027

784

79,80884,646

4,837

5,135

297

Stocks, etc.

7,788

6,529

(1,259)

－

1,259

7,788

5,044

(2,743)－

2,743

Other securities

165

307

141

141

－

165

322

157

157

－

－

－

－

－

－

－

－

－

－

－
－

Monetary claims purchased
Certificates of deposit

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

8,415,620

10,697,654

2,282,034

2,304,933

22,8998,680,157

11,304,351

2,624,194

2,634,673

10,478Japanese bonds

7,858,097

10,129,659

2,271,562

2,277,594

6,032

7,957,958

10,537,600

2,579,641

2,581,704

2,062

Japanese stocks

9,685

19,143

9,458

9,555

96

8,545

16,227

7,682

7,789

106

Foreign securities

547,671548,543872

17,642

16,770713,488

750,201

36,71245,021

8,308

Total

Bonds

539,883

542,0142,131

17,642

15,511

705,699745,156

39,45645,021

5,565

Stocks, etc.

7,788

6,529

(1,259)

－

1,259

7,788

5,044

(2,743)－

2,743

Other securities

165

307

141

141

－

165

322

157

157

－

－

－

－

－

－

－

－

－

－

－

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 ¥232,566 million and ¥37,275 million as of March 31, 2019,respectively, and amounted to ¥232,586 million and ¥37,159 million as of June 30, 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 June 30, 2019

Held-to-maturity securities－－

Unlisted foreign bonds－－

Others－－－－Stocks of subsidiaries and affiliated companies

16,276

19,026

Available-for-sale securities

Policy-reserve-matching bonds

5,445

5,369

Unlisted domestic stocks (except OTC stocks)

159

159

Unlisted foreign stocks (except OTC stocks)

355

328

Unlisted foreign bonds

－

－

4,929

4,881

21,721

24,395

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, 2019
Category

Held-to-maturity securities

As of June 30, 2019

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
losses6,770,008

8,800,847

2,030,838

2,051,389

20,551

7,002,275

9,340,066

2,337,791

2,345,051

7,260

Policy-reserve-matching bonds

680,757

764,282

83,52583,733208

707,974

824,222

116,247

116,31769

Stocks of subsidiaries and affiliated companies

16,276

16,2804

4－

19,026

19,021(4)－

4

Available-for-sale securities

970,299

1,141,169

170,869

173,361

2,491

975,276

1,148,190

172,913

176,461

3,547

Japanese bonds

867,645

1,024,732

157,086

157,086－

873,599

1,033,821

160,221160,221－

Japanese stocks

9,845

19,303

9,458

9,555

96

8,704

16,387

7,682

7,789

106
3,041

Foreign securities

87,712

89,867

2,154

4,198

2,043

87,925

91,138

3,212

6,254

Bonds

79,56881,811

2,243

3,027

784

79,80884,646

4,837

5,135

297

Stocks, etc.

8,144

8,055

(88)

1,170

1,259

8,116

6,492

(1,624)

1,118

2,743

Other securities

399

5,095

7,265

2,170

2,521

351

5,047

6,843

1,796

2,195

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

8,437,341

10,722,579

2,285,238

2,308,489

23,251

8,704,552

11,331,500

2,626,947

2,637,830

10,883

Japanese bonds

7,858,097

10,129,659

2,271,562

2,277,594

6,032

7,957,958

10,537,600

2,579,641

2,581,704

2,062

Japanese stocks

17,832

27,290

9,458

9,555

96

19,441

27,123

7,682

7,789

106

Foreign securities

556,316

558,364

2,047

18,817

16,770722,106

759,932

37,826

46,140

8,313

Bonds

539,883

542,0142,131

17,642

15,511

705,699745,156

39,45645,021

5,565

Stocks, etc.

16,433

16,349

(84)

1,175

1,259

16,406

14,776(1,629)

1,118

2,748

Other securities

399

Others
Total

5,095

7,265

2,170

2,521

351

5,047

6,843

1,796

2,195

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

(3) Fair Value Information on Money Held in Trust(Millions of yen)
As of March 31, 2019
Category

Balance sheet
amountAs of June 30, 2019

Net unrealized gains (losses)

Balance sheet
Fair value
Unrealized
Unrealized
amountgains
lossesMoney held in trust
269,387
269,387－－－
267,979
267,979
Note: The above table includes jointly invested money held in trust, which amounted to ¥40 million as of March 31, 2019 and June 30, 2019, respectively.

Net unrealized gains (losses)

Fair value－

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, 2019
Category

Carrying
amountAs of June 30, 2019

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

－

－

－

－

－

－

－

－

－

－

232,071

269,346

37,27537,275－

230,779

267,938

37,15937,159－Other money held in trust53. Non-consolidated Balance Sheets(Millions of yen)

Assets:Cash and deposits
Call loans
Money held in trust
Securities
Japanese government bonds
Japanese local government bonds
Japanese corporate bonds
Japanese stocks
Foreign securities
Loans
Policy loans
Commercial loans
Tangible fixed assets
Intangible fixed assets
Due from reinsurers
Other assets
Prepaid pension costs
Deferred tax assets
Reserve for possible loan losses
Reserve for investment losses
Total Assets
Liabilities:
Policy reserves and others
Reserve for outstanding claims
Policy reserves
Reserve for policyholders' dividends
Due to agencies
Due to reinsurers
Other liabilities
Accrued income tax
Lease obligations
Asset retirement obligations
OthersReserve for employees' retirement benefits
Reserve under the special laws
Reserve for price fluctuations
Deferred tax liabilities on land revaluation
Total Liabilities
Net Assets:
Common stock
Capital surplus
Capital reserve

As of June 30, 2019

AmountAmount82,046
93,700269,387
9,523,877
7,356,090
448
536,373
49,381
1,262,611
198,410
198,369
41
91,577
26,352
1,036
81,154
2,629
14,248(623)(3,650)10,380,148

119,50290,100267,979
9,862,695
7,455,242
447
554,590
52,804
1,483,174
200,689
200,651
38
91,28025,386520
96,884
2,745
14,369(635)(3,869)10,767,649

9,310,577
37,6109,268,422
4,544
2,073
5,528
469,820
13,91422
1,898
453,984
28,00250,10550,105
109
9,866,217

9,479,496

70,000Retained earnings
Legal retained earnings
Other retained earnings
Unappropriated retained earnings
Total shareholders' equity
Net unrealized gains (losses) on available-for-sale securities, net of taxes
Land revaluation, net of taxes
Total valuation and translation adjustments
Total Net Assets
Total Liabilities and Net Assets

As of March 31, 20196

38,0559,436,973
4,467
1,683
4,335
700,120
7,934
27
1,885
690,273
28,40050,71150,711
109
10,264,857

5,865
5,865
317,777

70,0005,865
5,865
305,61440,188277,588
277,588393,642
122,727(2,439)120,288
513,930
10,380,148

46,628258,985
258,985
381,479
123,751(2,439)121,312502,791
10,767,649

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

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
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 derivatives, net
Operating expenses
Other ordinary expenses
Ordinary Profit
Extraordinary Losses
Losses on disposal of fixed assets
Impairment losses
Provision for reserve under the special laws
Provision for reserve for price fluctuations
Provision for reserve for investment losses
Provision for (Reversal of) Reserve for Policyholders' Dividends
Income Before Income Taxes
Income Taxes—Current
Income Taxes—Deferred
Total Income Taxes
Net Income

7

For the three months
ended June 30, 2018

For the three months
ended June 30, 2019

AmountAmount379,374
269,523
269,032
106,992
40,419
1,127
－
3,265
49,8922,858
356,098
100,823
22,755
3,168
21,952
49,6291,017
202,035
1,001
201,033
0
9,307
247
40
34
7,855
35,483
8,448
23,276
524
17
7
499
499
－
23
22,728
5,570
759
6,330
16,397368,841
301,413300,860
64,35743,501
1,127
7
1,238
18,481
3,070
340,173
109,439
23,3203,318
26,63952,978950
168,995
444
168,550
014,417
748
－
－
1,579
37,3909,931
28,667
851
24
1
606
606
219
102
27,712
8,816(1,140)
7,675
20,036

5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit(Millions of yen)
For the three months ended For the three months ended
June 30, 2018
June 30, 2019
Core profit

A

Capital gains
Income from money held in trust, net

26,76529,814

15,552

13,741－－－

5

Gains on sale of securities

3,265

1,238

Gains on derivatives, net－－

Income from trading securities, net

12,287－－

12,497

16,85012,643Losses on money held in trust, net－－

Losses on trading securities, net

42－

Losses on sale of securities

34－

Devaluation losses on securities－－

Foreign exchange gains, net
Other capital gains
Capital losses

Losses on derivatives, net
Foreign exchange losses, net
Other capital losses

7,855

1,579

－

11,0398,917

25

Net capital gains (losses)

B(1,297)

1,097Core profit plus net capital gains (losses)

A+B

25,46730,9120－

Gains from reinsurance－－

Reversal of contingency reserve－－

Reversal of specific reserve for possible loan losses

0－

Other one-time gains

OthersOther one-time losses
Losses from reinsurance
Provision for contingency reserve

－

－

2,191

2,244

－

－

2,158

2,207

Provision for specific reserve for possible loan losses－

12

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

Write-off of loans－－

OthersNet other one-time gains (losses)
Ordinary profit

33

25

C

(2,191)(2,244)

A+B+C

23,276

28,667(Reference) The breakdown of Others(Millions of yen)
For the three months ended For the three months ended
June 30, 2018
June 30, 2019

Core profit
Income gains in income from money held in trust
Interest income and dividends in income from trading securities
Effects of currency market fluctuations of products dominated in foreign currencies
Other capital gains
Effect of change in the exchange rates related to foreign currency-denominated insurance contracts
Other capital losses

10,046(11,368)

1,127

1,127

1

1

8,917

(12,497)－

12,497－

12,497

8,917

25

－

25

8,917

－

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

33

25

33

25

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

Provision of additional policy reserve86. Solvency Margin Ratio(Millions of yen)

Category

As of March 31, 2019

Total solvency margin(A)

As of June 30, 2019

1,313,033

1,365,375

Common stock, etc.

361,442

381,045

Reserve for price fluctuations

50,10550,711

Contingency reserve

98,613

100,8202

2

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)

153,782

155,622

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

50,98050,980

－

－

245

643

Deferred tax assets

92,924

100,547

Excess amount of policy reserves based on Zillmer method

544,688545,884－－

The portion of the excess amount of policy reserves based on Zillmer method andsubordinated debt that is not included in the margin(34,281)(12,663)

Deductible items(5,471)(8,221)(B)

101,371

104,526

Insurance risk

R1

24,57424,472

Third-sector insurance risk

R8

8,526

8,495

Assumed interest rate risk

R2

34,062

34,542

Minimum guarantee risk

R7

22,141

23,007

Asset management risk

R336,93538,909Business management risk

R4

2,524

2,588

2,590.5%

2,612.5%

General reserve for possible loan losses

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

Subordinated debt

Total risk

( R1 + R8 ) + ( R 2 + R3 + R7 ) + R 4
2

2

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 its affiliated companies quarterly.
(Millions of yen)

Category

As of March 31, 2019

Total solvency margin(A)

As of June 30, 2019

1,302,890

1,355,508

Common stock, etc.

360,050

379,501

Reserve for price fluctuations

50,10550,711

Contingency reserve

98,613

100,820

Catastrophe reserve－－

General reserve for possible loan losses22

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)

153,782

155,622

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

50,98050,980Total amount of unrecognized net actuarial gains (losses) and unrecognized past
service cost

(1,791)(1,608)－－Amount excluded from deferred tax assets

245

643

Deferred tax assets

92,924

100,547

Excess amount of policy reserves based on Zillmer method

544,688545,884

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(35,672)(14,207)

Deductible items(11,040)(13,392)(B)

98,666

101,812R1

24,57424,472

Ordinary insurance risk

R5

－

－

Major catastrophe risk

R6

－

－

Third-sector insurance risk

R8

8,526

8,495

Insurance risk of small-amount short-term insurance providers

R9

－

－

Assumed interest rate risk

R2

34,062

34,542

Minimum guarantee risk

R7

22,141

23,007

Asset management risk

R334,11936,096

Business management risk

R4

2,468

2,532

2,641.0%

2,662.7%

Subordinated debt

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

Total risk
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, 2019

Individual variable life insurance and individual variable annuities

As of June 30, 2019

1,300,701

1,338,951－－

1,300,701

1,338,951

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, 2019

Category

NumberAs of June 30, 2019

AmountNumberAmountVariable life insurance (whole life type)

836

7,980,475

835

7,889,275

Variable life insurance (limited term type)152

922,336

159

979,493

Variable life insurance (term type)12

685,55312

691,346

1,001

9,588,365

1,007

9,560,114

Total
Note: Amounts include the rider portion of variable life insurance.

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

As of March 31, 2019

Category

NumberIndividual variable annuities

Amount244

1,483,080

As of June 30, 2019
NumberAmount265

1,626,597

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