August 12, 2010
Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Three Months Ended June 30, 2010
<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 Assets)(1) Composition of General Account Assets

P.3(2) Fair Value Information on Securities

P.4(3) Fair Value Information on Monetary Trusts

P.6

3. Balance Sheets (Non-consolidated)

P.7

4. Statements of Income (Non-consolidated)

P.8

5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit

P.9

6. 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(1) Key Performance Results

P.12(2) Scope of Consolidation

P.12(3) Consolidated Balance Sheet

P.13(4) Consolidated Statements of Income

P.14

9. Supplementary Data for the Three Months Ended June 30, 2010

P.15

10. (Reference) Holdings of Securitized Papers and Other Sub-prime Related Investments

P.16

1

1. Key Performance Results(1) Policy Amount in Force and New Policy Amount(Number: Thousand, Amount: 100 millions of yen)

Policy Amount in Force
As of June 30, 2009

As of June 30, 2010

Category
NumberIndividual life insurance

NumberAmount4,730

324,280

YoY Change(%)

Change fromMarch 31,2010 (%)

106.6

101.7

5,041

As of March 31, 2010

Amount335,066

YoY Change(%)

Change fromMarch 31,2010 (%)

103.3

101.0

NumberAmount4,954

331,641

52

2,928

56

108.7

102.2

3,126

106.8

102.0

55

3,066

4,782

327,208

5,098

106.6

101.8

338,192

103.4

101.0

5,010

334,707

Group life insurance-

10,967---

11,204

102.2

99.4

-

11,274

Group annuities

-

728

-

-

-

719

98.7

99.4

-

723

Individual annuities
Subtotal

Notes:

1. Policy amounts for individual annuities are equal to 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 reserve.

(Number: Thousand, Amount: 100 millions of yen)

New policies
For the three months ended June 30, 2009

For the three months ended June 30, 2010

Category
NumberIndividual life insurance

Amount142

9,244

New Policies

Increase from
Conversion

9,244

-

NumberYoY Change
(%)

153

108.0

AmountYoY Change
Increase from
New Policies
Conversion(%)

10,563114.3

10,563

-

1

77

77

-

1

112.0

90

116.4

90

-

144

9,322

9,322

-

155

108.1

10,653114.3

10,653-

Group life insurance

-

31

31

-

-

3

11.1

3

Group annuities

-

-

-

-

-

-

-

-

Individual annuities
Subtotal

Notes:

1. The new policy amount including increase from conversion for individual annuities is 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(Millions of yen)

Policy amount in force
Category
Individual Life Insurance
Individual annuities
Total
Of which, medical protection,living benefit protection, etc.

As of June 30, 2009

543,038

Individual Life Insurance
Individual annuities
Total
Of which, medical protection,living benefit protection, etc.
Notes:YoY Change(%)

Change from March
31, 2010 (%)

570,911

105.1

101.4

As of March 31, 2010

563,002

9,777

11,538

118.0

111.7

10,329552,815

582,449

105.4

101.6

573,331

128,363

135,095

105.2

101.6

133,023

New policies
Category

As ofJune 30, 2010

Three months ended
June 30, 2009

15,667(Millions of yen)Three months ended
YoY Change (%)
June 30, 2010

17,608

112.4

340

502

147.7

16,007

18,110

113.1

3,965

4,165

105.0

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-payment policies, premiums are divided by the number of coverage years.)
2. Figures in "Medical protection and living benefit protection, etc" indicateds the portion of annualized premiums for medical protection benefits(hospitalization benefit, surgical procedure benefit, etc.) and products with living benefit protection (benefits for specific illness, nursing care benefits, etc.)22. Status of Investment of Assets (General Account Assets)(Millions of yen)

(1) Composition of General Account Assets

As of March 31, 2010

As of June 30, 2010

Category

AmountCash and deposits, call loans

Amount

%87,512

2.2%

116,442

3.0

Securities repurchased under resale agreements

-

-

-

-

Pledged money for bond borrowing transaction

-

-

-

-

Monetary claims purchased

-

-

-

-

Securities under proprietary accounts
Monetary trusts
Securities--

287,287

7.2-

288,772

7.4

3,322,767

83.2

3,188,812

81.5

Domestic bonds

3,176,424

79.5

3,032,933

77.5

Domestic stocks

63,544

1.6

72,525

1.9

Foreign securities

69,332

1.7

75,285

1.9

Foreign bonds

44,095

1.1

49,915

1.3

Foreign stocks and other securities
Other securities
Loans

25,2370.6

25,3700.6

13,465

0.3

8,067

0.2

128,932

3.2

127,599

3.3

Real estate

79,7422.0

79,915

2.0

Deffered tax assets

21,692

0.5

27,686

0.7

Other assets

65,9891.7

83,918

2.1

(217)

(0.0)

(212)

(0.0)

3,993,707

100.0

3,912,935

100.0

21,5380.5

21,724

0.6

Reserve for possible loan losses
Total
Foreign currency denominated assets
Note: Real estate is the total of land, buildings and construction in progress.

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

As of June 30, 2010
Category

As of March 31, 2010

Net unrealized gains/losses
Unrealized Unrealized
gains
lossesFair value

2,477,969

2,628,671

150,701

150,701-

Policy reserve matching bonds

-

-

-

-

-

-

-

-

-

-

Stocks of subsidiaries andaffiliated companies

-

-

-

-

-

-

-

-

-

-

1,039,838

Held-to-maturity securities

Carrying
amountFair value

2,275,629

2,255,176

Net unrealized gains/losses
Unrealized Unrealized
gains
lossesCarrying
amount(20,453)

10,572

31,026

1,097,848

58,00961,4393,429

1,126,543

1,166,944

40,401

42,252

1,850

Domestic bonds

973,860 1,030,372

56,51256,53825

1,061,593

1,090,012

28,41829,677

1,259

Domestic stocks

51,98553,239

1,254

4,317

3,062

51,72362,183

10,45910,956

497

2,070

2,071

0

0

-

8,084

8,010

(74)

19

93

2,070

2,071

0

0

-

8,084

8,010

(74)

19

93

Available-for-sale securities

Foreign securities
Bonds
Stocks, etc.
Other securities
Money claims purchased

-

-

-

-

-

11,923

12,164

241

582

341

-

-

-

-

-

-

-

-

-

-

5,140

6,738

1,597

1,598

0

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

3,517,808

3,726,519

208,711212,1413,429

3,402,172

3,422,120

19,947

52,82432,877

Domestic bonds

3,409,805

3,611,242

201,436

201,46225

3,295,318

3,295,356

37

32,32332,285

Domestic stocks

51,98553,239

1,254

4,317

3,062

51,72362,183

10,45910,956497

44,09449,873

5,778

5,778

-

49,98957,843

7,853

7,947

93

44,09449,873

5,778

5,778

-

49,98957,843

7,853

7,947

93

Total

Foreign securities
Bonds
Stocks, etc
Other securities
Monetary claims purchased

-

-

-

-

-

11,923

12,164

241

582

341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

Others---

Notes:

5,140

6,738

1,597

1. The above table includes assets which are permited to be treated as equivalent to securities defined in the Financial Instruments and Exchange Law of Japan.
2. Carrying amount and net unrealized gains/losses on monetary trusts, including items other than trading securities, amounted to ¥275,355 million and ¥14,537 million.
3. Carrying amount represents the amount after deductions for depreciable costs and impairment losses, before mark-to-market.

4

1,598

0

(Millions of yen)b. Carrying amount of the securities without market value
As of June 30, 2010

Caregory

As of March 31, 2010

Held-to-maturity securities--

Unlisted foreign bonds--

Others----Stocks of subsidiaries and affiliated companies

15,847

15,847Available-for-sale securities

25,21824,883

Unlisted domestic stocks

4

42

Unlisted foreign stocks

914

885

Unlisted foreign bonds--

24,30023,95541,066

40,731

Policy reserve matching bonds

Others
Total(Millions of yen)c. Fair Value Information consisting of those stated in the previous table-a and foreign exchange and other gains (losses) for table-b.
As of March 31, 2010

As of June 30, 2010
Category

Held-to-maturity securities

Fair value

Unrealized Unrealized
lossesgains

2,477,969 2,628,671

Policy reserve matching bonds
Stocks of subsidiaries and affiliated companies

Net unrealized gains/losses

Carrying
amount15,847150,701-

15,847150,701

Net unrealized gains/losses

Carrying
amountFair value-

2,275,629 2,255,176
-

-

-

-

-

-

-

15,847

Unrealized Unrealized
gains
losses(20,453)-

15,847

10,572

31,026

-

-

-

-

-

-

1,065,057 1,118,843

53,78562,0108,224

1,151,426 1,188,138

36,711

42,946

6,234

Domestic bonds

973,860 1,030,372

56,51256,53825

1,061,593 1,090,012

28,41829,677

1,259

Domestic stocks

51,98953,244

1,254

4,317

3,062

51,76662,225

10,45910,956497

Foreign securities

2,984

2,869

(114)

0

115

8,970

8,809

(160)

19

180

2,070

2,071

0

0

8,084

8,010

(74)

19

93

Available-for-sale securities

Bonds
Stocks, etc.

914

798

(115)

Other securities

36,22332,356(3,867)

-

1,154

115

885

798

(86)

5,021

29,09527,090(2,005)

2,292

86
4,298

Money claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Others
Total
Domestic bonds

-

-

-

-

-

-

3,558,875 3,763,362

204,487

212,7128,224

3,442,904 3,459,162

16,25853,51937,261

3,409,805 3,611,242

201,436

201,46225

3,295,318 3,295,356

37

32,32332,285

Domestic stocks

62,28963,544

1,254

4,317

3,062

62,066

72,525

10,45910,956497

Foreign securities

50,55656,219

5,663

5,778

115

56,42264,189

7,766

7,947

180

5,778

49,98957,843

7,853

7,947

6,433

6,346

(86)

Bonds

44,09449,873

5,778

Stocks, etc

6,461

6,346

(155)

Other securities

36,22332,356(3,867)-

115

29,095

5,021

1,154

27,090(2,005)

93
-

2,292

86
4,298

Monetary claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

5

(3) Fair Value Information on Monetary Trusts(Millions of yen)
As of March 31, 2010

As of June 30, 2010
Category

Monetary trusts

Net unrealized gains/losses

Balance sheet
amountFair value

287,287

287,287

Unrealized Unrealized
gains
losses---Balance sheet
amountNet unrealized gains/losses
Fair value

Unrealized Unrealized
gains
losses288,772 288,772

-

-

-

Note: The table above includes 50 million yen of jointly invested monetary trusts.

Monetary Trusts for Investment(Millions of yen)
As of June 30, 2010

As of March 31, 2010

Category
Balance sheet amount

Net valuation gains (losses)-

Monetary Trusts for Investment

Balance sheet amount-

Net valuation gains (losses)

681

5,711

Note: Monetary trusts includes cash and call loans held in monetary trusts.

Monetary Trusts for Held-to-maturity, Policy Reserve Matching Secutirites and Others(Millions of yen)

As of June 30, 2010
Category

Fair value

Unrealized Unrealized
gains
losses

-

-

-

-

-

-

272,698 287,236

14,537

14,537

Monetary trusts for policy reserve matching
Other monetary trusts

Net unrealized gains (losses)

Carrying
amountMonetary trusts for held-to-maturity

As of March 31, 2010-

Note: Monetary trusts includes cash and call loans held in monetary trusts.

6

-

-

Net unrealized gains (losses)

Carrying
amountFair value

-

-

-

-

-

-

285,525 288,039

Unrealized Unrealized
gains
losses

-

-

2,514

-

2,968

453

3. Non-consolidated Balance Sheets(Millions of yen)
As of June 30, 2010

As of March 31, 2010

AmountAmountAssets:Cash and deposits
Call loans
Monetary trusts
Securities(Japanese government bonds)(Municipal bonds)(Japanese corporate bonds)(Japanese stocks)(Foreign securities)
Loans
Policy loans
Tangible fixed assets
Intangible fixed assets
Due from agencies
Due from reinsurers
Other assets
Deferred tax assets
Reserve for possible loan 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 liabilities
Asset retirement obligation
OthersReserve for employees' retirement benefits
Reserve for directors' retirement benefits
Reserve for price fluctuations
Reserve for price fluctuations
Deferred tax liabilities on land revaluation
Total Liabilities
Net Assets:
Common stock
Capital surplus
Capital reserve
Retained earnings
Earned reserve
Other retained earnings
Unappropriated retained earnings
Total shareholders' equity
Net unrealized gains on other securities, net of taxes
Land revaluation, net of taxes
Total valuation and translation adjustments
Total Net Assets
Total Liabilities and Net Assets

732,30680,200287,287
3,646,210
3,200,497
13,051
79,26290,597
170,883
128,932
128,932
80,703
13,7880257
51,974
21,692(217)
4,343,136

45,70791,800288,772
3,539,114
3,023,972
28,43399,351103,098
186,043
127,599
127,599
80,923
13,862－
120
71,16527,686(212)
4,286,540

4,079,509
22,197
4,052,117
5,194
1,176
506
28,933
6,568
311
663
21,38915,685124
11,247
11,247706
4,137,891

4,012,112
21,424
3,985,610
5,076
1,445
716
55,501
16,943325
38,232
14,989
118
9,637
9,637
706
4,095,228

70,0005,865
5,865
104,646
11,27893,36893,368
180,511
26,209(1,475)24,734205,245

70,0005,865
5,865
101,464
9,878
91,58591,585
177,329
15,458(1,475)
13,982
191,312

4,343,136

4,286,540-

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

Ordinary revenues

For the three months
ended June 30, 2009

For the three months
ended June 30, 2010

AmountAmount223,204
165,946
165,574
56,526
15,7164,188
6,620
28,867731
202,461
66,864
15,1901,554
7,950
41,218440
103,225756
102,467
1
6,247
8
3,623
23,1183,005
20,743
1,458
74
0
1,383
1,383
279
19,004
(426)
7,610
7,184
11,820

Income from insurance premiums（Insurance premiums）
Investment income（Interest income and dividends）（Income from monetary trusts, 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）（Other payments）
Provision for policy reserves and others
Provision for reserves for outstanding claims
Provision for policy reserves
Interest on policyholders' dividend reserve
Investment expenses（Interest expenses）（Losses on sale of securities）（Losses on separate accounts, net）
Operating expenses
Other ordinary expenses
Ordinary profit
Extraordinary losses
Losses on sale or disposal of fixed assets
Impairment losses
Provision for reserve for price fluctuations
Provision for reserve for price fluctuations
Other extraordinary lossess
Provision for reserve for policyholers' dividends
Income before income taxes
Income taxes -Current
Income taxes -Deferred
Income Taxes -Total
Net income

8

214,101
182,684
182,418
30,326
20,559
2,343
7,423
1,090
195,267
67,79817,9301,766
8,258
38,663681
67,284772
66,506
4
32,95615479
30,08323,8703,357
18,834
1,902
1
0
1,610
1,610
290
299
16,632
6,899
(448)
6,450
10,182

5. Reconciliation to Core Profit and Non-Consolidated Ordinary Profit(Millions of yen)
For the three months
ended June 30, 2009Ａ

For the three months
ended June 30, 2010

16,569

11,791

8,683

8,389

Income from monetary trusts, net

2,063

965

Income from trading securities, net-

Core profit
Capital gains

7,423

Gains on sale of securities

6,620

Gains on derivatives, net--

Foreign exchange gains, net--

Other capital gains-

Capital losses

3,759

574

Losses on monetary trusts, net--

Losses on trading securities, net--

Losses on sale of securities

3,623

479

Devaluation losses on securities--

Losses on derivatives, net--

Foreign exchange losses, net

135

Other capital losses
Net capital gains
Core profit plus net capital gains

95
-

Ｂ

4,924

7,814

Ａ＋Ｂ

21,493

19,605--

Gains from reinsurance--

Reversal of contingency reserve

-

-

Other

-

-

Other one-time gains

Other one-time losses

750

Losses from reinsurance

770
-

749

765

Provision for reserve for specific problem loans

15Provision for reserve for specific overseas
receivable assets-

Loans amortization-

Provision for contingency reserve

Ordinary profit

-

-

-

Ｃ

(750)

(770)

Ａ＋Ｂ＋Ｃ

20,743

18,834

Other
Total other one-time losses-

Notes: 1. Core profit for the three months ended June 30, 2009 (A) includes income gains of ¥2,125 million in income from monetary trusts.
2. Core profit for the three months ended June 30, 2010 (A) includes income gains of ¥1,377 million in income from monetary trusts.

96. Solvency Margin Ratio(Millions of yen)
Category

As of June 30, 2010

（A）

As of March 31, 2010

666,648

630,237

Net assets (less certain items)

179,931

170,329

Reserve for price fluctuaions

11,247

9,637

Contingency reserve

49,262

48,497

Total solvency margin

00

Net unrealized gains on other securities (before taxes)
multiplied by 90% if gains or 100% if losses

48,40733,040Net unrealized gains on real estate multiplied by 85% if gains or 100% if losses

1,633

1,633

319,372

316,510

Unallocated portion of reserve for policyholders' dividends

2,771

2,346

Future profits

1,022

1,022

Deferred tax assets

52,999Reserve for possible loan losses

Excess of the amount equivalent to policy reserve under Zillmer method

47,219Subordinated debt-－

Deductible items-－

Total risk

(R1  R8 )2 (R2  R3  R7 )2  R4（Ｂ）

47,44847,792

Insurance risk

R1

19,427

19,199

Third-sector insurance risk

R8

7,158

7,094

Assumed interest rate risk

R2

11,435

11,395

Asset management risk

R3

17,91918,932Business management risk

R4

1,286

1,292

Minimum guarantee risk

R7

8,382

8,023

2810.0%2,637.3%

Solvency margin ratio
(A)
x 100
(1/2) x (B)Notes: 1. Calculations employed in the table above apply the methods povided for under Articles 86 and 87 of the Insurance Business Law of Japan enforcement regulations, as
stipulated in 1996 by the Ministry of Finance Official Notification No. 50. (Excess of the amount equivalent to policy reserve under Zillmer method were calculated
based on Article1-3-1 of the Ministry of Finance Announcement No. 50.)
2. A standard method is used to calculate minimum guarantee risk.

10

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

Category

As of June 30, 2010

As of March 31, 2010

349,429

Individual variable life insurance and individual variable annuities

373,604-

Group annuities-

349,429

Total separate account373,604

Note: Assets relating to individual variable life insurance and individual variable annuities are jointly invested at Sony Life.

(2) Policy Amount in Force (Separate Account)(Number: Thousand, Amount: Millions of yen)

Individual varialbe life insurance
As of June 30, 2010

Category

NumberAs of March 31, 2010

AmountNumberAmountVariable life insurance （whole life type）

519

6,693,928

511

6,622,140

Variable life insurance （limited term type）

43

142,726

42

141,951

Variable life insurance （term type）

1

57,1691

58,800564

6,893,825

556

6,822,892

Total
Note: Amounts include the rider portion.

(Number: Thousand, Amount: Millions of yen)

Individual variable annuities
As of June 30, 2010

Category

NumberIndividual variable annuities

Amount28

Note: The figure indicated in the amount column is for annuity resources.

11

155,482

As of March 31, 2010
NumberAmount28

154,718

8. Consolidated Summary(1) Key Performance Results
Category(Millions of yen)
For the three months
ended June 30, 2009

For the three months
ended June 30, 2010

Ordinary Revenues

223,273

214,171

Ordinary Profit

20,755

18,549Net Income

11,832

9,898

Category

As of June 30, 2010

As of March 31, 2010

4,342,503

Total assets

4,286,045(2) Scope of Consolidation
Number of consolidated subsidiaries

1

Number of non-consolidated subsidiaries accounted for under equity method0

Number of affiliated companies accounted for under equity method212(3) Consolidated Balance Sheets(Millions of yen）
As of June 30, 2010

As of March 31, 2010

AmountAmountAssets:Cash and deposits

33,213

46,112

Call loans

80,20091,800

Monetary trusts

287,287

288,772

Securities

3,644,559

3,538,090

Loans

128,948

127,615

Tangible fixed assets

80,71880,937

Intangible fixed assets

13,78913,8630－

Due from agencies
Due from reinsurers

257

120

Other assets

52,032

71,239Deferred tax assets

21,71327,705Reserve for possible loan losses

(217)

(212)

4,342,503

4,286,045

4,079,750

4,012,335

22,19821,425

4,052,357

3,985,833

5,194

5,076

Due to agancies

1,176

1,445

Due to reinsurers

506

716

Other liabilities

28,96755,539Reserve for employees' retirement benefits

15,68814,991

Reserve for directors' retirement benefits

124

118

11,247

9,637

11,247

9,637

0

0

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

Reserve for price fluctuations
Reserve for price fluctuations
Deferred tax liabilities
Deferred tax liabilities on land revaluation

706

706

4,138,169

4,095,492

Common stock

70,00070,000Capital surplus

5,865

5,865

Retained earnings

103,724

100,825

Total shareholders' equity

179,589

176,690

Net unrealized gains on other securities, net of taxes

26,274

15,501

Land revaluation, net of taxes(1,475)(1,475)

(54)

(163)

Total Liabilities
Net Assets:

Foreign currency translation adjustments
Total valuation and translation adjustments

24,743

13,862

Total Net Assets

204,333

190,553

4,342,503

4,286,045

Total Libailities and Net Assets

13(4) Consolidated Statements of Income(Millions of yen)
For the three months
ended June 30, 2010

For the three months
ended June 30, 2009
AmountAmountOrdinary revenues

223,273

214,171

Income from insurance premiums

165,960

182,700

Investment income

56,581

30,384（Interest income and dividends）

15,76820,609（Income from monetary trusts, net）

4,188

2,343

（Gains on sale of securities）

6,622

7,430

（Gains on separate accounts, net）

28,867

-

731

1,086

Ordinary expenses

202,518

195,622

Insurance claims and other payments

Other ordinary income

66,86967,801（Insurance claims）

15,194

17,931（Annuity payments）

1,554

1,766

（Insurance benefits）

7,950

8,258

（Surrender payments）

41,21838,664103,231

67,292

754

772

102,476

66,514

Provision for policy reserves and others
Provision for reserves for outstanding claims
Provision for policy reserves
Interest on policyholders' dividend reserve
Investment expenses（Interest expenses）（Losses on sale of securities）

1

4

6,220

32,995

8

15

3,626

479

（Losses on separate accounts, net）-

30,083Operating expenses

23,14823,908Other ordinary expenses

3,048

3,624

Ordinary profit

20,755Extraordinary gains
Gains on disposal of fixed assets
Extraordinary losses
Losses on sale or disposal of fixed assets
Impairment losses
Provision for reserve for price fluctuations
Provision for reserve for price fluctuations

18,549
-

0

-

0

1,458

1,902

74

1

0

0

1,383

1,610

1,383

1,610

Loss on adjustment for changes of accounting
standard for asset retirement obligations

-

290

279

299

19,016

16,347

Income taxes -Current

(426)

6,899

Income taxes -Deferred

7,610

(450)

Income Taxes -Total

7,184

6,448

Net income

11,832

9,898

Provision for reserve for policyholers' dividends
Income before income taxes

149. Supplementary Data for the Three Months Ended June 30, 2010
(1)Lapse and Surrender(Billions of yen, %)For the three months
ended
June 30, 2010

For the three months
ended
June 30, 2009

YoY change(%)

Lapse and surrender amount

527.8

97.2%

543.2

Lapse and surrender rate

1.58

(0.09 ppt)

1.67

Note: Figures for lapse and surrender amount and lapse and surrender rate are calculated without offsetting policies that are reinstaetd.
(2) Assets(Billions of yen, %)As of June 30, 2010

Change fromMarch 31, 2010(%)

4,343.1

101.3

4,286.5

Adjusted net asset

760.5

135.0

563.4

Adjusted net asset / General account asset

19.0

4.6 ppt

14.4

Total assets

As of March 31, 2010

(3) Over-the-Counter Sales through Banks （Sony Life's sales of OTC through banks are only for individual annuities products)* Insurance premiums refer to single premium amount for single-payment policies, and a figure converted to a per-year premiumfor other policies.
(Millions of yen, Number )For the three months
ended
June 30, 2010
Number of new policies
Variable annuities
Insurance premiums
Number of new policies
Fixed annuities

For the three months
ended
June 30, 2009

YoY change
(%)
1

50.0

2

0

2.1

6

9

128.6

7

3,698.90Insurance premiums

26
Notes: Figures on the above table excludes operating performance of AEGON Sony Life Insurace Co., Ltd.

(Millions of yen, Number )For the three months
ended
June 30, 2010
Single premium whole life insurance

Number of new policies

Insurance premiums
Single premium endowment insurance

Number of new policies

Insurance premiums

For the three months
ended
June 30, 2009

YoY change
(%)
-

-

-

-

-

-

4

-

-

3

-

(Millions of yen, Number )For the three months
ended
June 30, 2010

Products completely cleared
Number of new policies
Single premium life insurance
Insurance premiums
Number of new policies
Level premium plan life insurance
Insurance premiums

15

YoY change(%)

For the three months
ended
June 30, 200918

1,800.0153

1,396.2

3

260

702.7

37

53

589.0

9

10. (Reference) Holdings of Securitized Papers and Other Sub-prime Related Investments
Sony Life’s holdings of securitized papers and other sub-prime related investments as of June 30, 2010, are as follows. Sony Life holds no
sub-prime related investments.

(1) Special-purpose entities (SPEs)
Fair value

－
－
－
－
－
－
－

Special purpose entities (SPEs)
ABCP
facilitated by Sony Life
SIV
facilitated by Sony Life
Other
facilitated by Sony Life

Unrealized
gains/losses
－
－
－
－
－
－
－

(Billions of yen)
Gains/losses
recorded in income
－
－
－
－
－
－
－

Unrealized
gains/losses
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－

(Billions of yen)
Gains/losses
recorded in income
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－

(2) Collateralized debt obligations (CDO)
Fair value

－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－

Collateralized debt obligations (CDO)
ABS
CDO
Seniorsub-prime (Alt-A exposure)
Mezzanine
sub-prime (Alt-A exposure)
Equitysub-prime (Alt-A exposure)
CLO

SeniorMezzanine
EquityCBO

SeniorMezzanine
EquityOther

SeniorMezzanine
Equity16

(3) Other sub-prime (Alt-A exposure)
Unrealized
gains/losses
－
－
－
－
－
－

Fair value

－
－
－
－
－
－

Other sub-prime (Alt-A exposure)Non-securitized loans
RMBS
Derivatives
Commitment line
Other

(Billions of yen)
Gains/losses recorded
in income
－
－
－
－
－
－

(4) Commercial mortgage-backed securities (CMBS)(Billions of yen)
Fair value
As of March
31, 2010

Commercial mortgage-backed securities (CMBS)
Japan
USA
EU
UK
Other

－
－
－
－
－
－

－
－
－
－
－
－

Unrealized
gains/losses

Gains/losses recorded
in income

－
－
－
－
－
－

－
－
－
－
－
－

(5) Leveraged finance(Billions of yen)
Fair value
As of March
31, 2010

Leveraged financeCommunications
Electronics
Entertainment
Services
Other

－
－
－
－
－
－

－
－
－
－
－
－

Unrealized
gains/losses

Gains/losses recorded
in income

－
－
－
－
－
－

－
－
－
－
－
－

(6) Other notes
Sony Life holds principal protected 30 year notes with Nikkei 225 index linked coupon (fair market value of ¥47.8 billion and unrealized
gains of ¥5.7 billion as of June 30, 2010). These amounts are included in “Net unrealized gains/losses on other securities, (before taxes)”of Sony Life as of June 30, 2010.

17