February 13, 2020
Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Nine Months Ended December 31, 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 December 31, 2018

As of March 31, 2019

As of December 31, 2019

Category

Individual life insurance

NumberAmount7,454

471,325

NumberAmount7,513

Number476,762

Comparison to Comparison to
Dec. 31, 2018 Mar. 31, 2019

7,659

102.7

101.9

AmountComparison to Comparison to
Dec. 31, 2018 Mar. 31, 2019

485,199

102.9

101.8

314

17,614334

18,946

411

130.8

123.0

24,017

136.3

126.8

7,769

488,940

7,847

495,708

8,070

103.9

102.8

509,217

104.1

102.7

Group life insurance－

19,274－

19,033－－－18,35495.2

96.4

Group annuities

－

89

－

86

－

－

－

77

85.9

89.1

Individual annuities
Subtotal

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

New policy amount(Number: Thousand, Amount: 100 millions of yen, %)For the nine months ended December 31, 2018

For the nine months ended December 31, 2019

Category
NumberAmountIndividual life insurance

378

Individual annuities
Subtotal

NumberAmountComparison to
FY18.3Q

Comparison to
FY18.3Q

New policies

32,76878.7

32,768

－

125.3

5,513

127.9

5,513

－
－

New policies

Increase fromconversion

41,644

41,644

－

376

99.5

66

4,309

4,309

－

83

－

445

45,95345,953460

103.4

38,282

83.3

38,282

Group life insurance

－

203

203

－

－

153

75.2

153

Group annuities

－

－

－

－

－

－

－

－

Increase fromconversion

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

(2) Annualized Premiums
Policy amount in force
Category(Millions of yen, %)As ofDecember 31, 2018

As ofMarch 31, 2019

As ofDecember 31, 2019

Comparison to
Dec. 31, 2018

Comparison to
Mar. 31, 2019

Individual life insurance

820,905

836,267

847,547

103.2

101.3

Individual annuities

50,28553,07964,125

127.5

120.8

Total

871,190889,347

911,673

104.6

102.5

196,059

197,520

200,416

102.2

101.5

Medical protection, living benefit protection andother products

New policies(Millions of yen, %)Category

For the nine months ended
December 31, 2018

For the nine months ended
December 31, 2019

Comparison to
FY18.3Q

Individual life insurance

47,011

44,97095.7

Individual annuities

9,969

12,275

123.1

Total

56,98057,245100.5

11,159

9,373

84.0

Medical protection, living benefit protection andother products

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(Millions of yen)
As of December 31, 2019

As of March 31, 2019
Amount61,997－－－－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%

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

3

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

Amount105,044－－－－
263,2128,938,924
7,968,299
25,469944,872
926,946
17,925282
204,683
89,69920,731
129,304(667)
9,750,933
946,419

%
1.1
－
－
－
－
2.7
91.7
81.7
0.3
9.7
9.5
0.2
0.0
2.1
0.9
0.2
1.3
(0.0)
100.0
9.7

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

As of December 31, 2019

Net unrealized gains (losses)

Carrying
amountFair value

6,770,008

8,800,847

680,757

764,282－

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
losses2,030,838

2,051,389

20,551

7,276,057

9,509,753

83,52583,733208

777,908

888,957

－

－

－

－

－

964,854

1,132,524

167,670

169,810

2,140

Japanese bonds

867,645

1,024,732

157,086

157,086

Japanese stocks

9,685

19,143

9,458

9,555

Foreign securities

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

Unrealized
gains

Unrealized
losses2,233,696

2,240,211

6,515

111,048111,363

314

－

－

－

－

965,600

1,123,012

157,411

158,584

1,173－

873,418

1,015,458

142,040

142,040

－

96

5,456

13,073

7,616

7,616

－
1,173

87,357

88,341

984

3,027

2,043

86,725

94,480

7,754

8,927

Bonds

79,56881,811

2,243

3,027

784

81,92990,799

8,870

8,927

56

Stocks, etc.

7,788

6,529

(1,259)

－

1,259

4,796

3,680

(1,116)－

1,116

Other securities

165

307

141

141

－

－

－

－

－

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

8,415,620

10,697,654

2,282,034

2,304,933

22,8999,019,567

11,521,724

2,502,157

2,510,159

8,002

Japanese bonds

7,858,097

10,129,659

2,271,562

2,277,594

6,032

8,091,238

10,515,549

2,424,310

2,429,087

4,776Japanese stocks

9,685

19,143

9,458

9,555

96

5,456

13,073

7,616

7,616

－

Foreign securities

547,671548,543872

17,642

16,770922,872

993,101

70,22973,454

3,225

Total

Bonds

539,883

542,0142,131

17,642

15,511

918,075

989,42171,34573,4542,109

Stocks, etc.

7,788

6,529

(1,259)

－

1,259

4,796

3,680

(1,116)－

1,116

Other securities

165

307

141

141

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

Monetary claims purchased

－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
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 ofMarch 31, 2019, respectively, and amounted to ¥232,627 million and ¥32,351 million as of December 31, 2019, respectively.
Certificates of deposit
Othersb. Carrying amounts of securities for which fair value cannot be measured reliably
Category(Millions of yen)
As ofDecember 31, 2019

As ofMarch 31, 2019

Held-to-maturity securities－－

Unlisted foreign bonds－－

Others－－－－Stocks of subsidiaries and affiliated companies

16,276

20,282Available-for-sale securities

5,445

4,532

Unlisted domestic stocks (except OTC stocks)

159

159

Unlisted foreign stocks (except OTC stocks)

355

353

Unlisted foreign bonds

－

－

4,929

4,019

21,721

24,814

Policy-reserve-matching bonds

Others
Total

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 December 31, 2019

Net unrealized gains (losses)
Carrying
amountFair value

Net unrealized gains (losses)

Unrealized
gains

Unrealized
lossesCarrying
amountFair value

Unrealized
gains

Unrealized
losses6,770,008

8,800,847

2,030,838

2,051,389

20,551

7,276,057

9,509,753

2,233,696

2,240,211

6,515

Policy-reserve-matching bonds

680,757

764,282

83,52583,733208

777,908

888,957

111,048111,363314

Stocks of subsidiaries and affiliated companies

16,276

16,2804

4－

20,282

20,285

3

3－

Available-for-sale securities

970,299

1,141,169

170,869

173,361

2,491

970,132

1,129,655

159,522

161,260

1,738Japanese bonds

867,645

1,024,732

157,086

157,086－

873,418

1,015,458

142,040

142,040－

Japanese stocks

9,845

19,303

9,458

9,555

96

5,616

13,232

7,616

7,616

－
1,173

Foreign securities

87,712

89,867

2,154

4,198

2,043

87,07995,903

8,824

9,997

Bonds

79,56881,811

2,243

3,027

784

81,92990,799

8,870

8,927

56

Stocks, etc.

8,144

8,055

(88)

1,170

1,259

5,150

5,103

(46)

1,070

1,116

Other securities

564

5,095

7,265

2,170

2,521

351

4,019

5,059

1,040

1,605

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

8,437,341

10,722,579

2,285,238

2,308,489

23,251

9,044,381

11,548,652

2,504,270

2,512,838

8,567

Japanese bonds

7,858,097

10,129,659

2,271,562

2,277,594

6,032

8,091,238

10,515,549

2,424,310

2,429,087

4,776Japanese stocks

17,832

27,290

9,458

9,555

96

17,852

25,469

7,616

7,616

－

Foreign securities

556,316

558,364

2,047

18,817

16,770931,271

1,002,574

71,30374,528

3,225

Bonds

539,883

542,0142,131

17,642

15,511

918,075

989,42171,34573,4542,109

Stocks, etc.

16,433

16,349

(84)

1,175

1,259

13,195

13,152

(42)

1,073

1,116

Other securities

5,095

7,265

2,170

2,521

351

4,019

5,059

1,040

1,605

564

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

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

Balance sheet
amountAs of December 31, 2019

Net unrealized gains (losses)
Fair value

Unrealized
gains

Unrealized
lossesBalance sheet
amountNet unrealized gains (losses)
Fair value

269,387
269,387－－－
263,212263,212
Note: The above tables include jointly invested money held in trust, which amounted to ¥40 million as of March 31, 2019 and December 31, 2019, respectively.
Money held in trust

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 December 31, 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－

230,820

263,171

32,35132,351－Other money held in trust53. Non-consolidated Balance Sheets(Millions of yen)

As of March 31, 2019

As of December 31, 2019

AmountAmountAssets:Cash and deposits

82,046

89,101

Call loans

93,70091,400

Money held in trust
Securities
Japanese government bonds

269,387

263,212

9,523,877

10,356,567

7,356,090

7,528,683

448

1,045

Japanese corporate bonds

536,373599,604

Japanese stocks
Foreign securities

49,381
1,262,611

48,924
1,824,609

198,410

204,683

198,369

204,218

Japanese local government bonds

Loans
Policy loans
Commercial loans

41

464

Tangible fixed assets

91,57790,786

Intangible fixed assets

26,352

26,620Due from reinsurers

1,036

741

Other assets

81,154104,279

Prepaid pension costs

2,629

3,116

Deferred tax assets

14,24820,731

(623)

(667)

Reserve for possible loan losses
Reserve for investment losses
Total Assets(3,650)(3,886)

10,380,148

11,246,686

9,310,577

9,966,020

Liabilities:
Policy reserves and others
Reserve for outstanding claims
Policy reserves

37,61038,517

9,268,422

9,923,034

4,544

4,468

Due to agencies

2,073

1,783

Due to reinsurers

5,528

4,316

Other liabilities

469,820674,522

13,914

8,287

Reserve for policyholders' dividends

Accrued income tax

22

478

1,898

1,945

453,984

663,81028,002

29,27550,10552,051

50,10552,051

109
9,866,217

10,728,079

Common stock

70,00070,000Capital surplus

5,865

5,865

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

109

Net Assets:

Capital reserve

5,865

5,865

Retained earnings

317,777

330,615

Legal retained earnings

40,18846,628Other retained earnings

277,588283,986

277,588283,986

Total shareholders' equity

393,642

406,480

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

122,727

114,566

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

120,288

112,127

Unappropriated retained earnings

Total Net Assets
Total Liabilities and Net Assets

6513,930

518,607

10,380,148

11,246,686

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

For the nine months ended For the nine months ended
December 31, 2018
December 31, 2019
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 valuation of securities
Losses on derivatives, net
Losses on separate accounts, 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
Valuation losses on stocks of subsidiaries
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

Amount
1,006,503
815,828
813,871
145,495
124,403
3,364
－
4,581
－
45,180945,927
344,334
69,873
9,693
105,853
148,589
2,811
423,685431
423,253
032,413
1,050
286
34
4,026
784
22,799107,188
38,30560,576
1,645
43
10
1,591
1,591
－
－
(63)
58,995
18,525(1,116)
17,40841,586

Amount1,295,191
956,034
954,067
288,078
134,526
3,400
156
2,979
147,01351,0771,228,580
379,875
72,765
10,113
124,746
162,222
2,657
655,518
907
654,6110
32,739
3,761
－
50
2,991
19,557－
114,828
45,61966,610
2,475
32
15
1,946
1,946
244
236
234
63,90022,158(3,296)
18,86245,038

5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit(Millions of yen)
For the nine months ended
December 31, 2018
Core profit

A

Capital gains

63,734

93,761

17,726

5,571

－

－

Income from money held in trust, net

－

149

4,581

2,979

－

－

13,145－

Income from trading securities, net
Gains on sale of securities
Gains on derivatives, net
Foreign exchange gains, net

For the nine months ended
December 31, 2019

－

2,442

14,42025,750Losses on money held in trust, net－－

Losses on trading securities, net

293－

Losses on sale of securities

34

50

Other capital gains
Capital losses

Losses on valuation of securities
Losses on derivatives, net

4,026

2,991

784

19,557

－

3,117

9,280

32

Foreign exchange losses, net
Other capital losses
Net capital gains (losses)

B

3,306

(20,178)

Core profit plus net capital gains (losses)

A+B

67,04173,582－－

Gains from reinsurance－－

Reversal of contingency reserve－－

Reversal of specific reserve for possible loan losses－－

Others

－

－

6,465

6,971

－

－

Other one-time gains

Other one-time losses
Losses from reinsurance

6,358

6,829

Provision for specific reserve for possible loan losses

Provision for contingency reserve

1

46

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

Write-off of loans－－

OthersNet other one-time gains (losses)
Ordinary profit

105

95

C

(6,465)(6,971)

A+B+C

60,576

66,610(Reference) The breakdown of Others(Millions of yen)
For the nine months ended
December 31, 2018

Core profit
Income gains in income from money held in trust
Interest income and dividends in income from trading securities
Effect of change in the exchange rates related to foreign currency-denominated insurance contracts
Other capital gains
Effect of change in the exchange rates related to foreign currency-denominated insurance contracts
Other capital losses
Impairment losses from investment partnership
Effect of change in the exchange rates related to foreign currency-denominated insurance contracts

For the nine months ended
December 31, 201912,652

965

3,364

3,400

7

7

9,280

(2,442)

－

2,442

－

2,442

9,280

32

－

32

9,280

－

Other one-time gains－－

One-time losses

105

95

105

95

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

Category

As of March 31, 2019

Total solvency margin(A)

As of December 31, 2019

1,313,033

1,412,627

Common stock, etc.

361,442405,105

Reserve for price fluctuations

50,10552,051

Contingency reserve

98,613

105,443

20

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

General reserve for possible loan losses

153,782

143,569

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

50,98050,980

－

－

245

1,535

Deferred tax assets

92,924

109,904

Excess amount of policy reserves based on Zillmer method

544,688552,256

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

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

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

101,371

109,008

Insurance risk

R1

24,57424,471

Third-sector insurance risk

R8

8,526

8,451

Assumed interest rate risk

R2

34,06235,945

Minimum guarantee risk

R7

22,141

24,740Asset management risk

R336,93540,416

Business management risk

R4

2,524

2,680

2,590.5%

2,591.7%

Subordinated debt

Total risk

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

Solvency margin ratio
(A)/

1
× (B)
2

×100

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

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

Category

As of March 31, 2019

Total solvency margin(A)

As of December 31, 2019

1,302,890

1,403,372

Common stock, etc.

360,050

403,777

Reserve for price fluctuations

50,10552,051

Contingency reserve

98,613

105,443

Catastrophe reserve－－

General reserve for possible loan losses

20

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

153,782

143,569

Net unrealized gains (losses) 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)(1,243)

－

－

245

1,535

Deferred tax assets

92,924

109,904

Excess amount of policy reserves based on Zillmer method

544,688552,256

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

The portion of the excess amount of policy reserves based on Zillmer method
and subordinated debt that is not included in the margin(35,672)－

Deductible items(11,040)(14,905)(B)

98,666

105,902R1

24,57424,471

Ordinary insurance risk

R5

－

－

Major catastrophe risk

R6

－

－

Third-sector insurance risk

R8

8,526

8,451

Insurance risk of small-amount short-term insurance providers

R9

－

－

Assumed interest rate risk

R2

34,06235,945

Minimum guarantee risk

R7

22,141

24,740Asset management risk

R334,11937,211Business management risk

R4

2,468

2,616

2,641.0%2,650.3%

Subordinated debt

Total risk

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

Insurance risk

Solvency margin ratio
(A)/

1
× (B)
2

×100

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

10

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

Category

As of March 31, 2019

Individual variable life insurance and individual variable annuities

As of December 31, 2019

1,300,701

1,495,753－－

1,300,701

1,495,753

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

As of December 31, 2019

Category
NumberAmountNumberAmountVariable life insurance (whole life type)

836

7,980,475

831

7,782,806

Variable life insurance (limited term type)152

922,336174

1,117,657

Variable life insurance (term type)12

685,55313

758,580

1,001

9,588,365

1,020

9,659,043

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

As of December 31, 2019

Category
NumberIndividual variable annuities

Amount244

1,483,080

NumberAmount320

1,991,206

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