February 14, 2018
Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Nine Months Ended December 31, 2017
<Contents>
1. Key Performance Results(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 (General Account)

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 (Separate Account)

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 Performance Results(1) Policy Amount in Force and New Policy Amount
Policy amount in force(Number: Thousand, Amount: 100 millions of yen, %)As of December 31, 2016

As of March 31, 2017

As of December 31, 2017

Category

Individual life insurance

NumberAmount7,062

436,592

7,112

443,133

7,265

102.9

188

9,746

196

10,208234

124.1

Individual annuities
Subtotal

NumberAmountNumberComparison to
Dec. 31, 2016

AmountComparison to
Dec. 31, 2016

Comparison to
Mar. 31, 2017

102.2

455,168

104.3

102.7

119.2

12,465

127.9

122.1

Comparison to
Mar. 31, 2017

7,251

446,3397,308

453,341

7,499

103.4

102.6

467,634

104.8

103.2

Group life insurance－

17,878－18,510－－－19,122

107.0

103.3

Group annuities

－

119

－

115

－

－

－

103

86.9

89.6

Notes:
1. The policy amount in force for individual annuities are 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.
2. The policy amount in force for group annuities is equal to the amount of outstanding policy reserves.

New policy amount(Number: Thousand, Amount: 100 millions of yen, %)For the nine months ended December 31, 2017

For the nine months ended December 31, 2016

Category

NumberAmountIndividual life insurance

363

33,61933,619

－

342

94.3

Individual annuities

25

1,377

1,377

－

41

163.2

－

Subtotal

New policies

Increase fromconversion

NumberComparison to
Dec. 31, 2016

AmountComparison to
Dec. 31, 2016

New policies

31,94695.0

31,946

－

2,508

182.1

2,508

－
－

388

34,99734,997384

98.8

34,45498.4

34,454

Group life insurance

－

131

131

－

－

514

390.0

514

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 initial premium payment.

(2) Annualized Premiums
Policy amount in force
Category
Individual life insurance(Millions of yen, %)As ofDecember 31, 2016

As ofMarch 31, 2017774,576

As ofDecember 31, 2017

787,005

Comparison to
Dec. 31, 2016

Comparison to
Mar. 31, 2017

803,630

103.8

102.1

32,75633,851

38,785

118.4

114.6

Total

807,333

820,856

842,415

104.3

102.6

Of which, medical protection, living benefit
protection and other products

185,133

187,449

190,727

103.0

101.7

Individual annuities

New policies(Millions of yen, %)Category

For the nine months ended
December 31, 2016

For the nine months
ended December 31,
2017

Individual life insurance

50,18445,704

91.1

Comparison to
Dec. 31, 2016

3,967

6,211

156.6

Total

54,152

51,91695.9

Of which, medical protection, living benefit
protection and other products

11,238

9,351

83.2

Individual annuities

Notes:
1. Annualized premiums refer to an amount that is calculated by multiplying individual premium amounts by a coefficientthat 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. “Medical protection, living benefit protection and other products” indicates the portion of annualized premiums for
medical protection benefits (hospitalization benefits, surgical procedure benefits, etc.) and products with living benefit
protection (benefits for specific illness, nursing care benefits, etc.).

2

2. Status of Investment Assets (General Account)(1) Portfolio of General Account Assets(Millions of yen)

Category

As of March 31, 2017
AmountCash and deposits, call loans

As of December 31, 2017%

Amount%40,8960.5

75,2200.9

Securities repurchased under resale agreements

－

－

－

－

Pledged money for bond borrowing transaction

－

－

－

－

Monetary claims purchased

－

－

－

－

Securities under proprietary accounts

－

－

－

－

273,877

3.5

270,188

3.3

7,173,927

91.0

7,541,752

91.0

6,828,743

86.6

7,145,828

86.2

Japanese stocks

37,6590.5

36,6930.4

Foreign securities

305,8463.9

358,117

4.3

Bonds

274,306

3.5

325,417

3.9

Stocks, etc.

31,5390.4

32,6990.4

Other securities

1,678

0.0

1,113

0.0

Loans

180,374

2.3

186,535

2.3

Real estate

117,525

1.5

92,667

1.1

Deferred tax assets

5,350

0.1

5,743

0.1

Other assets

92,328

1.2

116,955

1.4

Money held in trust
Securities
Japanese government and corporate bonds

(271)

(0.0)

(276)

(0.0)

7,884,008

100.0

8,288,787

100.0

309,0463.9

363,481

4.4

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.

3(2) Fair Value Information on Securities
a. Fair value information on securities with market value (except trading-purpose securities)(Millions of yen)

As of March 31, 2017

As of December 31, 2017

Net unrealized gains (losses)
Category

Held-to-maturity securities

Carrying
amountFair value

Net unrealized gains (losses)

Unrealized
gains

Unrealized
lossesCarrying
amountFair value

Unrealized
gains

Unrealized
losses

6,068,671

7,514,255

1,445,584

1,521,504

75,9196,358,199

7,853,244

1,495,044

1,557,745

62,700277,372

303,356

25,98327,876

1,893

340,662

369,999

29,33630,655

1,318

－

－

－

－

－

－

－

－

－

－

Available-for-sale securities

896,527

1,069,920

173,392

174,667

1,274

911,573

1,089,461

177,887

178,189

302

Japanese government andcorporate bonds

852,604

1,013,331

160,726

160,726－

847,153

1,003,751

156,598

156,599

1

Japanese stocks

13,68527,082

13,396

13,45558

13,68531,84618,16018,18423

Policy-reserve-matching bonds
Stocks of subsidiaries andaffiliated companies

Foreign securities

30,071

29,193

(878)

337

1,215

50,56853,590

3,021

3,299

277

Bonds

18,545

17,996

(548)

337

886

38,886

40,585

1,699

1,976

277

Stocks, etc.

11,525

11,196

(329)

－

329

11,682

13,005

1,322

1,322

－

Other securities

165

313

147

147

－

165

272

106

106

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

7,242,571

8,887,532

1,644,961

1,724,048

79,087

7,610,436

9,312,705

1,702,268

1,766,590

64,321

6,942,338

8,595,523

1,653,185

1,707,293

54,108

7,261,184

8,943,882

1,682,697

1,734,279

51,582

Total
Japanese government andcorporate bonds
Japanese stocks

13,68527,082

13,396

13,45558

13,68531,84618,16018,18423

Foreign securities

286,381

264,612(21,768)

3,151

24,920335,400

336,704

1,303

14,02012,716

Bonds

274,855

253,416(21,439)

3,151

24,590323,717323,699(18)

12,697

12,716

Stocks, etc.

11,525

11,196

(329)

－

329

11,682

13,005

1,322

1,322

－

Other securities

165

313

147

147

－

165

272

106

106

－

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. They are amounted to ¥232,402 million and ¥41,919 million as ofMarch 31, 2017, whereas ¥232,463 million and ¥39,490 million as of December 31, 2017, respectively.

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

As of March 31, 2017

As of December 31, 2017

Held-to-maturity securities－－

Unlisted foreign bonds－－

Others－－

Policy-reserve-matching bonds－－

Stocks of subsidiaries and affiliated companies

16,312

12,976

Available-for-sale securities

9,896

8,115

Unlisted domestic stocks (except OTC stocks)

159

159

Unlisted foreign stocks (except OTC stocks)

608

624

－

－

9,127

7,331

26,20921,092Unlisted foreign bonds
OthersTotal

4

c. Fair Value information consisting of that stated in the previous table-a and foreign exchange and other gains (losses) for table-b(Millions of yen)
As of March 31, 2017
Category

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

As of December 31, 2017

Net unrealized gains (losses)

Carrying
amountFair value

6,068,671

7,514,255

277,372

303,356

Net unrealized gains (losses)

Carrying
amountFair value

75,9196,358,199

7,853,244

1,893

340,662

369,999

Unrealized
gains

Unrealized
losses1,445,584

1,521,504

25,98327,876

Unrealized
gains

Unrealized
losses1,495,044

1,557,745

62,70029,33630,655

1,318

Stocks of subsidiaries and affiliated companies

16,312

16,312－－－

12,976

12,976－－－

Available-for-sale securities

906,423

1,083,838

177,414179,270

1,856

919,689

1,101,868

182,178

182,634456

Japanese government and corporate bonds

852,604

1,013,331

160,726

160,726－

847,153

1,003,751

156,598

156,599

1

Japanese stocks

13,84527,242

13,396

13,45558

13,84532,00618,16018,18423

Foreign securities

30,68030,947

266

1,482

1,215

51,19355,309

4,116

4,393

277

Bonds

18,545

17,996

(548)

337

886

38,886

40,585

1,699

1,976

277

Stocks, etc.

12,134

12,950

815

1,145

329

12,307

14,724

2,416

2,416

－

Other securities

9,293

12,317

3,024

3,606

581

7,497

10,800

3,303

3,457

154

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

7,268,780

8,917,763

1,648,982

1,728,652

79,6697,631,528

9,338,088

1,706,559

1,771,035

64,475

6,942,338

8,595,523

1,653,185

1,707,293

54,108

7,261,184

8,943,882

1,682,697

1,734,279

51,582

Total
Japanese government and corporate bonds
Japanese stocks

22,20835,605

13,396

13,45558

18,532

36,693

18,16018,18423

Foreign securities

294,940

274,316(20,623)

4,296

24,920344,314346,712

2,398

15,114

12,716

Bonds

274,855

253,416(21,439)

3,151

24,590323,717323,699(18)

12,697

12,716

Stocks, etc.

20,08420,900

815

1,145

329

20,59623,013

2,416

2,416

－

Other securities

9,293

12,317

3,024

3,606

581

7,497

10,800

3,303

3,457

154

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

As of March 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized
Unrealized
gains
lossesQuarterbalance sheet
amount(3) Fair Value Information on Money Held in Trust (General Account)
Category

Money Held in Trust

Balance sheet
amount273,877

273,877(Millions of yen)

－

－

－

As of December 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized
Unrealized
gains
losses

270,188

270,188－－－

Note: The above table includes jointly invested money held in trusts, amounted to ¥50 million as of March 31, 2017 and ¥40 million as of December 31, 2017 respectively.

Money held in trust for investment(Millions of yen)

As of March 31, 2017
Category

Net valuation gains (losses)
recorded in income

Balance sheet amountMoney held in trust for investment

As of December 31, 2017
Net valuation gains (losses)
Quarter balance sheet amountrecorded in income

－

－

－

－

Money held in trust for held-to-maturity and policy-reserve-matching and others
Category(Millions of yen)

As of March 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized
Unrealized
gains
lossesCarrying
amountAs of December 31, 2017
Net unrealized gains (losses)
Fair value
Unrealized
Unrealized
gains
lossesCarrying
amountMoney held in trust for held-to-maturity

－

－

－

－

－

－

－

－

－

－

Money held in trust for policy-reserve-matching

－

－

－

－

－

－

－

－

－

－

231,907273,826

41,91941,919－230,656

270,147

39,49039,490－

Other money held in trust
Note: Money held in trust includes cash and call loans, etc.

5

3. Non-consolidated Balance Sheets(Millions of yen)

As of March 31, 2017

As of December 31, 2017

AmountAmountAssets:Cash and deposits

47,016148,217

Call loans

61,900－

Money held in trust

273,877

270,1888,093,192

8,628,504

6,664,639

6,866,486

1,767

1,749

Japanese corporate bonds

310,466

426,650

Japanese stocks

86,954

94,266

Foreign securities

782,064

938,142

180,374

186,535

180,339

186,506

Securities
Japanese government bonds
Japanese local government bonds

Loans
Policy loans
Commercial loans

34

28

Tangible fixed assets

118,441

93,479Intangible fixed assets

19,356

20,502

Due from agencies0－

Due from reinsurers

1,393

897

Other assets

74,245

94,237

Prepaid pension costs

2,376

2,500

Deferred tax assets

5,350

5,743

Reserve for possible loan losses

(271)

(276)

Reserve for investment losses(3,640)－8,873,613

9,450,530

7,968,639

8,492,475

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

32,96532,686

7,929,944

8,454,264

5,729

5,524

Due to agencies

2,616

1,470

Due to reinsurers

3,663

4,139

Other liabilities

353,812387,313

8,095

8,007

Policy reserves
Reserve for policyholders' dividends

Accrued income tax
Lease obligations
Asset retirement obligations
Others

10

7

2,156

1,844

343,550

377,453

Reserve for employees' retirement benefits

24,67826,123

Reserve for directors' retirement benefits
Reserve under the special laws

119－

46,00547,391

Reserve for price fluctuations

46,00547,391

Deferred tax liabilities on land evaluation
Total Liabilities488
8,400,024

109
8,959,024

Common stock

70,00070,000Capital surplus

5,865

5,865

Net Assets:

Capital reserve
Retained earnings

5,865

5,865

271,416

286,873

Earned reserve

30,31834,938Other retained earnings

241,098

251,934

241,098

251,934

Total shareholders' equity

347,281362,738

Net unrealized gains (losses) on other securities, net of taxes

127,772

131,206

Land revaluation, net of taxes
Total valuation and translation adjustments(1,465)(2,439)126,307

128,767

Unappropriated retained earnings

Total Net Assets
Total Liabilities and Net Assets

6

473,589

491,505

8,873,613

9,450,530

4. Non-consolidated Statements of Income(Millions of yen)
For the nine months ended
December 31, 2016

For the nine months ended
December 31, 2017

AmountAmountOrdinary Revenues

938,987

1,062,072

Income from insurance premiums

705,487

762,832

703,903

761,082

195,004

254,341

110,064

117,788

3,366

3,364

111

57

1,306

0

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 derivatives, net(130,186)

Gains on separate accounts, net
Other ordinary income
Reversal of reserves for outstanding claims

55,932130,186

38,49544,898－278

Ordinary Expenses

893,789

1,020,117

Insurance claims and other payments

276,009328,628

Insurance claims

62,524

67,995

Annuity payments

8,266

8,817

Insurance benefits

75,87796,742

Surrender payments

122,713

146,090

2,428

2,469

447,069

524,320462－

446,605

524,31900

Investment expenses

38,99728,679Interest expenses

26

61

Losses on sale of securities－

0

Losses on derivatives, net

34,27523,990Operating expenses

101,678

102,979

Other ordinary expenses

30,03535,509Ordinary Profit

45,197

41,955－

16,898

Gains on disposal of fixed assets－

13,258

Reversal of reserve for investment loss

－

3,640

1,310

5,624

Losses on disposal of fixed assets

49

61

Impairment losses

40Provision for reserve under the special laws

1,257

1,386

Provision for reserve for price fluctuations

1,257

1,386

Valuation loss on stock of affiliated companies

－

4,176

Provision for Reserve for Policyholders' Dividends

814

122

Income Before Income Taxes

43,072

53,107

Income Taxes —Current

13,936

17,627

Income Taxes —Deferred(2,091)(2,102)

Total Income Taxes

11,844

15,525Net Income

31,22737,582

Refund to policyholders
Provision for policy reserves and others
Provision for reserve for outstanding claims
Provision for policy reserves
Interest on policyholders' dividend reserve

Extraordinary Gains

Extraordinary Losses

75. Reconciliation to Core Profit and Non-consolidated Ordinary Profit(Millions of yen)

For the nine months ended
December 31, 2016
Core profit

A

For the nine months ended
December 31, 201765,872

70,692

25,6282,851

Income from money held in trust, net－－

Income from trading securities, net

103

47

Gains on sale of securities

1,306

0

Gains on derivatives, net－－

24,2182,804

Capital gains

Foreign exchange gains, net
Other capital gains－－

39,88225,809Losses on money held in trust, net－－

Losses on trading securities, net－－

Losses on sale of securities－

0

Devaluation losses on securities－－

34,27523,990

－

－

5,606

1,819

Capital losses

Losses on derivatives, net
Foreign exchange losses, net
Other capital losses
Net capital gains (losses)

B(14,253)(22,958)

Core profit plus net capital gains (losses)

A+B

51,61847,734－－

Gains from reinsurance－－

Reversal of contingency reserve－－

Reversal of specific reserve for possible loan losses－－

Others

－

－

6,421

5,779

－

－

6,266

5,687

Other one-time gains

Other one-time losses
Losses from reinsurance
Provision for contingency reserve
Provision for specific reserve for possible loan losses

02Provision for reserve for possible loan losses for specific foreign countries－－

Write-off of loans

－

－

154

89

C

(6,421)(5,779)A+B+C

45,197

41,955

OthersNet other one-time gains (losses)
Ordinary profit

Notes:
1. Core profit for the nine months ended December 31, 2017 (A) includes income gains of ¥3,364 million in income from money held in trust along with interest income anddividends of ¥10 million in income from trading securities, net. Other capital losses include the provision for policy reserves and others of ¥1,155 million for currency market
fluctuations of products dominated in foreign currencies; impairment losses of ¥664 million from investment partnership; "Others" of other one-time losses included
the provision of additional policy reserve of ¥89 million.
2. Core profit for the nine months ended December 31, 2016 (A) includes income gains of ¥3,366 million in income from money held in trust along with interest income anddividends of ¥7 million in income from trading securities, net. Other capital losses include the provision for policy reserves and others of ¥4,941 million for currency market
fluctuations of products dominated in foreign currencies; impairment losses of ¥665 million from investment partnership; "Others" of other one-time losses included
the provision of additional policy reserve of ¥154 million.

86. Solvency Margin Ratio(Millions of yen)

Category

As of March 31, 2017

Total solvency margin(A)

As of December 31, 2017

1,176,229

1,282,517

Common stock, etc.

324,181359,745

Reserve for price fluctuations

46,00547,391

Contingency reserve82,46388,15002

Net unrealized gains on other securities (before tax deductions) and net deferred gains or losses
on hedging instruments (before tax deductions) x 90% (100% if losses)

General reserve for possible loan losses

159,672

163,960

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

30,847

26,601

Amount excluded from deferred tax assets－－

Unallocated portion of reserve for policyholders' dividends

442

3,394

Deferred tax assets

82,98096,810

Excess amount of policy reserves based on Zillmer method

495,984

519,149－－

The portion of the excess amount of policy reserves based on Zillmer method andsubordinated debt that is not included in the margin(42,891)(20,467)

Deductible items(3,457)(2,221)(B)

91,576

94,611

Insurance risk

R1

24,16924,317

Third-sector insurance risk

R8

8,541

8,530

Assumed interest rate risk

R2

31,35632,180

Minimum guarantee risk

R718,14019,984

Asset management risk

R333,55434,017

Business management risk

R4

2,315

2,380

2,568.8%

2,711.1%

Subordinated debt

Total risk

(R1  R8 )  (R2  R3  R7 )  R4
2

2

Solvency margin ratio
(A)/

B

100

Notes:
1. The figures are calculated based on provisions in Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act of Japan and the Ministry of Finance Public Notice
No. 50 of 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, 2017

Total solvency margin(A)

As of December 31, 2017

1,162,007

1,266,655

Common stock, etc.

322,640

357,062

Reserve for price fluctuations

46,00547,391

Contingency reserve82,46388,150Catastrophe reserve－－

General reserve for possible loan losses

02

Net unrealized gains on other securities (before tax deductions) and net deferred gains
or losses on hedging instruments (before tax deductions) x 90% (100% if losses)

159,672

163,960

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

30,847

26,601

Total amount of unrecognized net actuarial differences and unrecognized priorservice cost

(3,565)(2,911)

Amount excluded from deferred tax assets－－

Unallocated portion of reserve for policyholders' dividends

442

3,394

Deferred tax assets

82,98096,810

Excess amount of policy reserves based on Zillmer method

495,984

519,149

Subordinated debt－－

The portion of the excess amount of policy reserves based on Zillmer method
and subordinated debt that is not included in the margin(44,432)(23,150)

Deductible items(11,031)(9,805)(B)

88,302

91,941

Insurance risk

R1

24,16924,317

Ordinary insurance risk

R5

－

－

Major catastrophe risk

R6

－

－

Third-sector insurance risk

R8

8,541

8,530

Insurance risk of small-amount short-term insurance providers

R9

－

－

Assumed interest rate risk

R2

31,35632,180

Minimum guarantee risk

R718,14019,984

Asset management risk

R330,09931,214

Business management risk

R4

2,246

2,324

2,631.8%

2,755.3%

Total risk

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

Solvency margin ratio
(A)/

B

100

Notes:
1. The figures are calculated based on provisions in Articles 86-2 and 88 of the Ordinance for Enforcement of the Insurance Business Act of Japan and Public Notice ofFinancial Services Agency No. 23 of 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, 2017

Individual variable life insurance and individual variable annuities

As of December 31, 2017
989,605

1,161,743－－

989,605

1,161,743

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 (Separate Account)
Individual variable life insurance(Number: Thousand, Amount: Millions of yen)

As of March 31, 2017

Category

NumberAs of December 31, 2017

AmountNumberAmountVariable life insurance (whole life type)845

8,680,668

844

8,528,055

Variable life insurance (limited term type)97

421,300

114

551,291

Variable life insurance (term type)1

38,716

4

214,223944

9,140,684

963

9,293,569

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

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

As of March 31, 2017

Category

NumberAs of December 31, 2017

AmountNumberAmountIndividual variable annuities

106

600,331144

830,222

Total

106

600,331144

830,222

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