November 15, 2013
Sony Financial Holdings Inc.

Supplementary Data on Sony Life’s Financial Results
for the Six Months Ended September 30, 2013
<Contents>
1. Company Total of General Account and Separate Account(1) Securities (Company Total)(i) Valuation Gains (losses) on Trading-purpose Securities (Company Total)(ii) Fair Value Information on Securities (Company Total)(iii) Fair Value Information on Monetary Trusts (Company Total)(iv) Fair Value Information on Derivative Transactions (Company Total)
2. General Account Assets(1) Securities (General Account)(i) Details of Securities (General Account)(ii) Balance of Securities by Remaining Period (General Account)(iii) Japanese Stock Holdings by Industry (General Account)(iv) Fair Value Iinformation on Derivative Transactions (General Account)(2) Loans (General Account)(i) Details of Loans (General Account)(3) Overseas Investment (General Account)(i) Details by Assets (General Account)(ii) Foreign-currency-denominated Assets by Currency (General Account)(iii) Overseas Investments by Region (General Account)
3. Fair Value Information on Separate Account Assets for Individual Variable Life
Insurance and Individual Variable Annuities(1) Valuation Gains (Losses) on Trading-purpose Securities(2) Details of Securities(3) Fair Value Information on Monetary Trusts(4) Fair Value Information on Derivative Transactions

1

P.2

P.5

P.9
P.10

P.12
P.12
P.12
P.12

1.Company Total of General Account and Separate Account(1) Securities (Company Total)(i) Valuation gains (losses) on trading-purpose securities (company total)(Millions of yen)

Category
Trading-purpose securities

As of March 31, 2013
Net valuation gains (losses)
Balance sheet amountrecorded in income
527,787
70,801

As of September 30, 2013
Net valuation gains (losses)
Balance sheet amountrecorded in income
580,11430,986(ii) Fair value information on securities (company total)a. Fair value information on securities with market value (except trading-purpose securities)(Millions of yen)

As of March 31, 2013

Category

Held-to-maturity securities

As of September 30, 2013

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses3,874,232

4,425,970

551,737

551,737-

4,129,033

4,548,069

419,035

419,274

238

Policy reserve matching bonds

-

-

-

-

-

-

-

-

-

-

Stocks of subsidiaries andaffiliated companies

-

-

-

-

-

-

-

-

-

-

Available-for-sale securities

955,999

1,079,296

123,296

123,34447

1,009,034

1,119,633

110,598

111,281682

JGBs, other bonds

925,308

1,036,956

111,648

111,648-974,981

1,072,448

97,467

97,886

419

Japanese stocks

14,76020,994

6,233

6,281

47

16,24824,997

8,748

8,941

192

Foreign securities
Bonds

14,454

18,681

4,226

4,226

-

16,32919,741

3,412

3,483

70

14,454

18,681

4,226

4,226

-

16,313

19,726

3,412

3,483

70
0

Stocks, etc.

-

-

-

-

-

15

15

(0)

-

1,476

2,664

1,188

1,188

-

1,476

2,445

969

969

-

Money claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

Total

4,830,232

5,505,267

675,034

675,082

47

5,138,068

5,667,703

529,634

530,555

921

JGBs, other bonds

4,756,200

5,410,686

654,486

654,486-

5,054,115

5,559,286

505,171505,590419

Japanese stocks

14,76020,994

6,233

6,281

47

16,24824,997

8,748

8,941

192

Foreign securities

57,79570,922

13,126

13,126-

66,22880,973

14,744

15,053309

57,79570,922

13,126

13,126-

66,21380,95814,744

15,053

309

-

-

-

-

-

15

15

(0)

-

0

1,476

2,664

1,188

1,188

-

1,476

2,445

969

969

-

Monetary claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

Other securities

Bonds
Stocks, etc.
Other securities

Notes: 1. The above table includes assets that are permitted to be treated as equivalent to securities defined in the Financial Instruments and Exchange Act of Japan.
2. The above table includes monetary trusts other than trading-purpose securities, and their carrying amount and net unrealized gains (losses) amounted to¥268,631 million and ¥34,577 million.
3. Carrying amount represents the amount after deductions for depreciable costs and impairment losses, before mark-to-market.

b. Carrying amount of the securities without market value(Millions of yen)

Category

As of March 31, 2013

Held-to-maturity securities
Unlisted foreign bonds
Others
Policy reserve matching bonds
Stocks of subsidiaries and affiliated companies
Available-for-sale securities
Unlisted Japanese stocks (except OTC stocks)
Unlisted foreign stocks (except OTC stocks)
Unlisted foreign bonds
OthersTotal

As of September 30, 2013
-

-

-

-

-

-

12,607

15,00020,372

18,758

4

4

948

943
-

19,41932,9802--

17,81033,758

c. Fair Value Information consisting of that stated in the previous table-a and foreign exchange and other gains (losses) for table-b as follows:(Millions of yen)

As of September 30, 2013

As of March 31, 2013
Category

Held-to-maturity securities

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses3,874,232

4,425,970

551,737

551,737-

4,129,033

4,548,069

419,035

419,274

238

-

-

-

-

-

-

-

-

-

-

12,607

12,607---

15,00015,000---

Policy reserve matching bonds
Stocks of subsidiaries andaffiliated companies
Available-for-sale securities

976,372

1,103,708

127,335

128,555

1,219

1,027,793

1,143,786

115,993

117,576

1,583

JGBs, other bonds

925,308

1,036,956

111,648

111,648-974,981

1,072,448

97,467

97,886

419

Japanese stocks

14,76520,998

6,233

6,281

47

16,25225,001

8,748

8,941

192

Foreign securities

15,40320,083

4,679

4,679

-

17,272

21,296

4,023

4,094

70

14,454

18,681

4,226

4,226

-

16,313

19,726

3,412

3,483

70

Stocks, etc.

948

1,401

452

452

-

958

1,569

610

611

0

Other securities

20,89525,669

4,774

5,946

1,171

19,28625,039

5,753

6,654

900

Monetary claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

Bonds

Total

4,863,212

5,542,285

679,073

680,292

1,219

5,171,826

5,706,855

535,029

536,850

1,821

JGBs, other bonds

4,756,200

5,410,686

654,486

654,486-

5,054,115

5,559,286

505,171505,590419

Japanese stocks

24,872

31,106

6,233

6,281

47

27,25236,001

8,748

8,941

192

Foreign securities

61,24474,823

13,578

13,578-71,172

86,52815,355

15,665309

Bonds

57,79570,922

13,126

13,126-

66,21380,95814,744

15,053309

Stocks, etc.

3,448

3,901

452

452

-

4,958

5,569

610

611

0

Other securities

20,89525,669

4,774

5,946

1,171

19,28625,039

5,753

6,654

900

Monetary claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

(iii) Fair value information on monetary trusts (company total)(Millions of yen)

As of March 31, 2013

Category

Net unrealized gains (losses)

Balance sheet
amountFair value

306,122

306,122

Monetary trusts

As of September 30, 2013

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

Balance sheet
amountFair value

302,532

302,532

Unrealized Unrealized
gains
losses---Note: The table above includes ¥50 million of jointly invested monetary trusts.
■ Monetary trusts for investment(Millions of yen)

As of March 31, 2013
Category

As of September 30, 2013

Net valuation
gains (losses)
recorded in income

Balance sheet amount

Net valuation
gains (losses)
recorded in income

Balance sheet amountNote: Monetary trusts includes cash and call loans, etc. held in monetary trusts.

-

Monetary trusts for investment-■ Monetary trusts for held-to-maturity and policy reserve matching and other monetary trusts(Millions of yen)

As of March 31, 2013
Category

Monetary trusts for held-tomaturity
Monetary trusts for policy
reserve matching

As of September 30, 2013

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other monetary trusts
267,865
306,071
38,20638,206
Note: Monetary trusts includes cash and call loans, etc. held in monetary trusts-

267,904

302,481

34,577

34,577-3

(iv) Fair value information on derivative transactions (company total)■Qualitative Information(1) Transaction details:
The main derivative transactions used by Sony Life are as follows:
Currency derivatives: Forward foreign exchange transactions(2) Transaction policy:
Sony Life’s policy is to conduct derivative transactions for the purpose of reducing the risk associated with the held assets and liabilities. Sony Life does notengage in speculative derivatives trading.
(3) Purpose of use:
Sony Life uses derivatives for the purpose of reducing the risk associated with the held assets and liabilities. Sony Life does not apply hedge accounting toderivatives.
(4) Risk details:
The derivative transactions used by Sony Life are subject to the risk of fluctuations in market prices. However, given that Sony Life uses derivatives mainly to
reduce the risk associated with the held assets and liabilities, the sum of the risk associated with derivative transactions and the underlying risk of assets andliabilities is limited.
The act of trading in derivatives is intrinsically subject to credit risk. However, Sony Life selects counterparties who are highly unlikely
to default on agreements related to these transactions.
(5) Risk management systems:
Sony Life’s balance of derivative transactions is within the limits that Sony Life has set in-house. On transactions conducted by the division in charge ofinvestment, the administrative division receives reports directly from the transaction counterparty. This system enables the administrative division andthe investment division to independently determine derivative positions and transaction profits and losses. In addition, the management of risks related
to derivative transactions is conducted strictly by the department in charge of supervision. Also, the risk management division regularly reports theoverall risk status to the Company’s Board of Directors and Executive Committee.
(6) Supplemental information regarding quantitative information:
Forward foreign exchange transactions are undertaken for the purpose of reducing the risk of foreign exchange movements associated withforeign currency-denominated receivables and payables, etc. The underlying assets held and gains and losses on derivatives are recognized as a total.
Sony Life has confirmed that derivative transactions have the effect of offsetting foreign exchange movements to a certain extent.

■ Quantitative Information
1. Breakdown of valuation gains and losses (Derivatives to which hedge accounting is not applied and derivatives to which hedge accounting is applied)(Millions of yen)Interest rate
derivatives

As ofMarch 31, 2013

As of
September 30,
2013

Currency
derivatives

Equityderivatives

Bond
derivatives

Others

Total

Derivatives to which hedge
accounting is applied

-

-

-

-

-

-

Derivatives to which hedge
accounting is not applied

-

(172)

-

-

-

(172)

Total

-

(172)

-

-

-

(172)

Derivatives to which hedge
accounting is applied

-

-

-

-

-

-

Derivatives to which hedge
accounting is not applied

-

-

-

-

-

-

Total

-

-

-

-

-

-

Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements ofincome(2) Interest rate derivatives
Not applicable(Millions of yen)

(3) Currency derivatives
As of March 31, 2013
Category

Items

Notional amount

Fair valueOver 1 year
Forward foreign exchanges
Over-the-counterSoldtransactions
U.S. dollars

1,206
1,206

-

(172)
(172)

As of September 30, 2013
Valuation
gains(losses)

(172)
(172)
Total
(172)
Note: The forward rate of exchange is used to value forward foreign exchange transactions at the end of the fiscal year.
(4) Equity derivatives
Not applicable(5) Bond derivatives
Not applicable(6) Others
Not applicable4

Notional amount

Valuation
gains(losses)

Fair valueOver 1 year

-

-

-

-

2. General Account Assets(1) Securities (General Account)(i) Details of securities (general account)(Millions of yen)

As of March 31, 2013

As of September 30, 2013

Category
AmountJapanese government bonds%

Amount

%4,527,332

96.7

4,814,753

96.6

Japanese municipal bonds

3,490

0.1

3,466

0.1

Japanese corporate bonds

30,2240.6

30,153

0.6

27,1080.6

27,061

0.5

Japanese stocks

31,1060.7

36,0010.7

Foreign securities

87,428

1.9

95,932

1.9

Bonds

62,022

1.3

69,626

1.4

Stocks, etc.

25,4060.5

26,305

0.5

Other securities

4,164

0.1

4,303

0.1

4,683,747

100.0

4,984,611

100.0

Public corporation bonds

Total

5

(ii) Balance of securities by remaining period (general account)(Millions of yen)

Category

Due after 1 year Due after 3 years Due after 5 years Due after 7 years Due after 10 years(including no fixed
through 3 years through 5 years through 7 years through 10 years
maturity)

Due in1 year or less

Total

As of March 31, 2013

Japanese government bonds

3,631Japanese municipal bonds

2,472

1,018

-

-

-

-

3,490

Japanese corporate bonds

-

8,373

637

-

-

21,21330,224

Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities

23,197

15,528-

16,115

4,468,860

4,527,332

-

-

-

-

-

31,106

31,106

1,736

4,393

13,5207,995

13,401

46,38087,428

-

-

4,338

2,318

12,024

43,341

62,022

1,736

4,393

9,182

5,677

1,376

3,039

25,406

As of September 30, 2013

-

89

-

1,397

13

2,664

4,164

Total

7,840

37,071

29,686

9,392

29,531

4,570,224

4,683,747

Japanese government bonds

7,555

17,481

15,381-

27,656

4,746,678

4,814,753

Japanese municipal bonds

3,466

-

-

-

-

-

3,466

Japanese corporate bonds

6,153

2,261

527

-

-

21,21030,153

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

-

-

-

-

-

36,001

36,001

2,019

5,205

11,071

9,431

13,71854,48595,932

-

-

3,989

3,084

12,65249,89969,626

2,019

5,205

7,082

6,346

1,066

4,586

26,305

-

90

1,556

-

210

2,445

4,303

19,19525,03928,536

9,431

41,586

4,860,822

4,984,611

6

(iii) Japanese stock holdings by industry (general account)(Millions of yen)

Category
Fisheries, agriculture and forestry
MiningManufacturing industries

Construction
Food products
Textiles and clothing
Pulp and paper
Chemicals
Medicals products
Oil and coal products
Rubber products
Glass and stone products
Steel
Non-steel metals
Metal products
Machinery
Electric appliances
Transportation vehicles
Precision machinery
OthersElectric and gas utilities
Ground transportation
Water transportation
Air transportation
Warehouses/transportation
Information/telecommunications
Wholesalers
RetailersBanking
Securities and commodity futures trading
Insurance
Other financial services
Real estate
Service companies
Total

As of March 31, 2013
AmountAs of September 30, 2013%

Transportation/Information
Commerce
telecommunications
Financialservices/insurance

124
1,388
326
444
645
270
1,114
3,416
2,544
131
631
807
1,786
1,038
4,613
10,107363
1,349
31,106

Amount
0.4
4.5
1.1
1.4
2.1
0.9
3.6
11.0
8.2
0.4
2.0
2.6
5.7
3.3
14.8
32.5
1.2
4.3
100.0

121
1,888
485
627
651
330
1,190
3,730
2,952
174
654
1,085
2,658
1,161
4,597
11,000929
1,761
36,001

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

7

%
0.3
5.2
1.3
1.7
1.8
0.9
3.3
10.4
8.2
0.5
1.8
3.0
7.4
3.2
12.8
30.6
2.6
4.9
100.0

(iv) Fair value information on derivative transactions (general account)■Qualitative Information(1) Transaction details:
The main derivative transactions used by Sony Life are as follows:
Currency derivatives: Forward foreign exchange transactions(2) Transaction policy:
Sony Life’s policy is to conduct derivative transactions for the purpose of reducing the risk associated with the held assets and liabilities. Sony Life does notengage in speculative derivatives trading.
(3) Purpose of use:
Sony Life uses derivatives for the purpose of reducing the risk associated with the held assets and liabilities. Sony Life does not apply hedge accounting toderivatives.
(4) Risk details:
The derivative transactions used by Sony Life are subject to the risk of fluctuations in market prices. However, given that Sony Life uses derivatives mainly to
reduce the risk associated with the held assets and liabilities, the sum of the risk associated with derivative transactions and the underlying risk of assets andliabilities is limited.
The act of trading in derivatives is intrinsically subject to credit risk. However, Sony Life selects counterparties who are highly unlikely
to default on agreements related to these transactions.
(5) Risk management systems:
Sony Life’ s balance of derivative transactions is within the limits that Sony Life has set in-house. On transactions conducted by the division in charge ofinvestment, the administrative division receives reports directly from the transaction counterparty. This system enables the administrative division and theinvestment division to independently determine derivative positions and transaction profits and losses. In addition, the management of risks related to derivativetransactions is conducted strictly by the department in charge of supervision. Also, the risk management division regularly reports the overall risk status to theCompany’s Board of Directors and Executive Committee.
(6) Supplemental information regarding quantitative information:
Forward foreign exchange transactions are undertaken for the purpose of reducing the risk of foreign exchange movements associated with foreign currencydenominated receivables and payables, etc. The underlying assets held and gains and losses on derivatives are recognized on a cumulative basis. Sony Life has
confirmed that derivative transactions have the effect of offsetting foreign exchange movements to a certain extent.

■ Quantitative Information
1. Breakdown of valuation gains and losses (Derivatives to which hedge accounting is not applied and derivatives to which hedge accounting is applied)(Millions of yen)Interest rate
derivatives
Derivatives to which hedge
accounting isapplied
As ofMarch 31, 2013

As of
September 30,
2013

Currency
derivatives-

Equityderivatives-

Bond
derivatives-

Others
-

Total
-

-

Derivatives to which hedge
accounting is not applied

-

(172)

-

-

-

(172)

Total

-

(172)

-

-

-

(172)

Derivatives to which hedge
accounting is applied

-

-

-

-

-

-

Derivatives to which hedge
accounting is not applied

-

-

-

-

-

-

Total

-

-

-

-

-

-

Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements ofincome(2) Interest rate derivatives
Not applicable(Millions of yen)

(3) Currency derivatives

As of September 30, 2013

As of March 31, 2013
Category

Items

Notional amount

Fair valueOver 1 year
Over-the-countertransactions

Forward foreign exchanges
Sold
U.S. dollars

-

(172)
(172)
Total
(172)
Note: The forward rate of exchange is used to value forward foreign exchange transactions at the end of the fiscal year.
1,206
1,206

(172)
(172)

Valuation
gains(losses)(4) Equity derivatives
Not applicable(5) Bond derivatives
Not applicable(6) Others
Not applicable8

Notional amount

Valuation
gains(losses)

Fair valueOver 1 year

-

-

-

-

(2) Loans (General Account)(i) Details of loans (general account)
Category(Millions of yen)

As of March 31, 2013

As of September 30, 2013

145,019

149,753

Policyholder loans

129,523

133,956

Automatic premium loans

15,495

15,796

Commercial loans

85

60

Others8560

145,104

149,813

Policy Loans

Total
Note: Amount of "Others" in commercial loans represents loans to employees.

9(3) Overseas Investment (General Account)(i) Details by assets (general account)■ Assets denominated in foreign currency (yen amount not fixed)
As of March 31, 2013
Category
Amount%(Millions of yen)

As of September 30, 2013
Amount%Foreign bonds

18,681

21.0

26,04527.1

Foreign stocks

1,401

1.6

1,569

1.6

Cash, deposits and others

21,67324.4

19,766

20.5

41,75647.0

47,382

49.3

Total

■ Assets denominated in foreign currency (yen amount fixed)
Not applicable■ Assets denominated in yen
Category
Loans to borrowers located outsideof JapanYen-denominated foreign bonds andothers
Total(Millions of yen)

As of March 31, 2013
AmountAs of September 30, 2013%

Amount

%

-

-

-

-

47,16953.0

48,81350.7

47,16953.0

48,81350.7■ Total(Millions of yen)

Category
Overseas investment

As of March 31, 2013
AmountAs of September 30, 2013%

88,926

Amount100.0%

96,196100.0(ii) Foreign-currency-denominated assets by currency (general account)(Millions of yen)

Category

As of March 31, 2013
AmountAs of September 30, 2013%

Amount%U.S. dollar

27,36065.5

33,716

71.2

Euro

5,992

14.4

5,924

12.5

Australian dollar

7,782

18.6

7,137

15.1

British pound

617

1.5

599

1.3

Offshore renminbi

2

0.0

2

0.0

New Taiwanese dollar

1

0.0

1

0.0

Singapore dollar

-

-

0

0.0

41,756100.0

47,382

100.0

Total

10

(iii) Overseas investments by region (general account)(Millions of yen）

As of March 31, 2013
Foreign securities

Category

Bonds
Amount%AmountLoans to borrowers locatedoutside of Japan

Stocks, etc.
%

Amount%Amount%North America

18,75721.5

10,967

17.7

7,790

30.7

-

-

Europe50,441

57.7

43,341

69.9

7,100

27.9

-

-

Oceania

7,714

8.8

7,714

12.4

-

-

-

-

-

-

-

-

-

-

-

-

10,515

12.0--

10,515

41.4--

Middle East

-

-

-

-

-

-

-

-

Africa

-

-

-

-

-

-

-

-

International
Organizations

-

-

-

-

-

-

-

-

87,428100.0

62,022100.0

25,406

100.0

-

-

Asia
Latin America

Total

As of September 30, 2013
Foreign securities

Category

Bonds
Amount%AmountLoans to borrowers locatedoutside of Japan

Stocks, etc.
%

Amount%Amount%North America

26,09227.2

18,971

27.2

7,120

27.1

-

-

Europe50,77952.943,580

62.6

7,198

27.4

-

-

Oceania

7,073

7.4

7,073

10.2

-

-

-

-

-

-

-

-

-

-

-

-

11,986

12.5--

11,986

45.6--

Middle East

-

-

-

-

-

-

-

-

Africa

-

-

-

-

-

-

-

-

International
Organizations

-

-

-

-

-

-

-

-

95,932100.0

69,626100.0

26,305

100.0

-

-

Asia
Latin America

Total

11

3. Fair Value Information on Separate Account Assets for Individual Variable Life Insurance and Individual Variable Annuities(1) Valuation Gains (Losses) on Trading-purpose Securities(Millions of yen)

As of September 30, 2013

As of March 31, 2013
Category
Trading-purpose securities

Balance sheet amount
527,787

Net valuation gains (losses)
recorded in income
70,801(2) Details of Securities(Millions of yen)

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

As of March 31, 2013
Balance sheet amount
159,256
30,778188,010
44,775
143,235
149,741
527,787

As of September 30, 2013
Balance sheet amount
168,650
35,960203,830
46,405
157,425
171,673
580,114(3) Fair Value Information on Monetary Trusts
Not applicable(4) Fair Value Information on Derivative Transactions
Not applicable

12

Balance sheet amount
580,114

Net valuation gains (losses)
recorded in income
30,986