November 14, 2014
Sony Financial Holdings Inc.

Supplementary Data on Sony Life’s Financial Results
for the Six Months Ended September 30, 2014
<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.6

P.10
P.11

P.13
P.13
P.13
P.13

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, 2014
Net valuation gains (losses)
Balance sheet amountrecorded in income
620,666
50,776

As of September 30, 2014
Net valuation gains (losses)
Balance sheet amountrecorded in income
687,872
32,059Note: The table above includes trading-purpose securities such as invested monetary trust(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, 2014

Category

Held-to-maturity securities

As of September 30, 2014

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses4,409,662

4,839,983

430,320

430,39473

4,629,771

5,152,937

523,166

523,166-

Policy reserve matching bonds

-

-

-

-

-

-

-

-

-

-

Stocks of subsidiaries andaffiliated companies

-

-

-

-

-

-

-

-

-

0

Available-for-sale securities

1,065,514

1,189,899

124,384

124,42035

1,044,124

1,187,248

143,124

143,124

JGBs, other bonds

1,035,912

1,146,757

110,844

110,866

22

1,012,825

1,139,139

126,314

126,314-

Japanese stocks

12,236

21,205

8,968

8,972

3

12,584

24,13911,554

11,5550-Foreign securities
Bonds

15,891

19,403

3,511

3,521

10

18,023

22,669

4,645

4,645

15,891

19,403

3,511

3,521

10

18,023

22,669

4,645

4,645

-

-

-

-

-

-

-

-

-

-

-

Stocks, etc.
Other securities

1,474

2,533

1,059

1,059

-

691

1,300

609

609

-

Money claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

Total

5,475,177

6,029,882

554,705

554,814

109

5,673,896

6,340,186

666,290666,2900JGBs, other bonds

5,385,143

5,913,448

528,305

528,327

22

5,572,859

6,205,956

633,096

633,096-

Japanese stocks

12,236

21,205

8,968

8,972

3

12,584

24,13911,554

11,5550Foreign securities

76,323

92,695

16,371

16,45584

87,760108,790

21,02921,029-76,323

92,695

16,371

16,45584

87,760108,790

21,02921,029

-

-

-

-

-

-

-

-

-

-

-

Bonds
Stocks, etc.
Other securities

1,474

2,533

1,059

1,059

-

691

1,300

609

609

-

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. The above table includes monetary trusts other than trading-purpose securities, and their carrying amount and net unrealized gains (losses) amounted to¥268,705 million and ¥40,671 million, respectively.
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, 2014

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, 2014
-

-

-

-

-

-

16,00016,00017,28916,369

-

-

823

757
-

16,46633,2892--

15,61132,369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, 2014

As of March 31, 2014
Category

Held-to-maturity securities

Fair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses4,409,662

4,839,983

430,320

430,39473

4,629,771

5,152,937

523,166

523,166

-

-

-

-

-

-

-

-

-

-

-

16,00016,000---16,00016,000--497

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

Net unrealized gains (losses)

Carrying
amount

1,082,804

1,214,309

131,504

131,986481

1,060,493

1,211,365

150,871

151,368

JGBs, other bonds

1,035,912

1,146,757

110,844

110,866

22

1,012,825

1,139,139

126,314

126,314-

Japanese stocks

12,236

21,205

8,968

8,972

3

12,584

24,13911,554

11,5550Foreign securities

16,714

21,129

4,414

4,424

10

18,781

24,620

5,839

5,839

-

15,891

19,403

3,511

3,521

10

18,023

22,669

4,645

4,645

-

Stocks, etc.

823

1,725

902

902

-

757

1,951

1,193

1,193

-

Other securities

17,94025,217

7,277

7,723

446

16,303

23,466

7,162

7,659

496

Monetary claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

497

Bonds

Total

5,508,467

6,070,292

561,825562,381555

5,706,265

6,380,302

674,037

674,534

JGBs, other bonds

5,385,143

5,913,448

528,305

528,327

22

5,572,859

6,205,956

633,096

633,096-

Japanese stocks

24,23633,205

8,968

8,972

3

24,58436,13911,554

11,5550Foreign securities

81,14698,42017,273

17,35784

92,518

114,741

22,22322,223-

Bonds

76,323

92,695

16,371

16,45584

87,760108,790

21,02921,029-Stocks, etc.

4,823

5,725

902

902

-

4,757

5,951

1,193

1,193

-

Other securities

17,94025,217

7,277

7,723

446

16,303

23,466

7,162

7,659

496

Monetary claims purchased

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

-

-

-

-

-

-

-

-

-

-

Others

-

-

-

-

-

-

-

-

-

-

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

As of March 31, 2014

Category

Net unrealized gains (losses)

Balance sheet
amountFair value

305,346

305,346

Monetary trusts

As of September 30, 2014

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

Balance sheet
amountFair value

308,802308,802

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, 2014
Category

As of September 30, 2014

Net valuation
gains (losses)
recorded in income

Balance sheet amount-

Monetary trusts for investment

Net valuation
gains (losses)
recorded in income

Balance sheet amount

-

-

-

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

As of March 31, 2014
Category

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

As of September 30, 2014

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized Unrealized
gains
losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other monetary trusts
268,042
305,296
37,25337,253
Note: Monetary trusts includes cash and call loans, etc. held in monetary trusts-

268,080

308,752

40,671

40,671-

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:
Interest rate derivatives: Interest rate swap transactions
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:
Interest rate swap transactions are undertaken to reduce the risk of interest rate fluctuations on assets and liabilities held. Gains or losses on assets or liabilities
subject to interest rate swaps are recognized on a cumulative basis. Sony Life has confirmed that interest rate swap transactions have the effect of offsettinginterest rate fluctuations to a certain extent.
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 applied and derivatives to which hedge accounting is not applied)(Millions of yen)Interest rate
derivatives
As ofMarch 31,
2014

As of
September 30,
2014

Currency
derivatives

Equityderivatives

Bond
derivatives

Others

Total

Derivatives to which hedge
accounting is applied

-

-

-

-

-

-

Derivatives to which hedge
accounting is not applied

-

-

-

-

-

-

Total

-

-

-

-

-

-

Derivatives to which hedge
accounting is applied

-

-

-

-

-

-

Derivatives to which hedge
accounting is not applied

27

-

-

-

-

27

Total

27

-

-

-

-

27

Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements of income.
(2) Derivatives to which hedge accounting is not applied(Millions of yen)(a) Interest rate derivatives
As of March 31, 2014
Category

Items

Notional amount

As of September 30, 2014
Valuation
gains (losses)

Fair valueOver 1 year
Over-the-countertransactions

Interest rate swaps
Fixed interest received /variable interest payment

-

-

-

Total
Note: The market value of interest rate swaps is calculated using discount present value.

4-

Notional amount

Fair valueOver 1 year

1,000

1,000

27

Valuation
gains (losses)27
27

(Reference) Balance of interest rate swaps by remaining period(Millions of yen)
As of March 31, 2014

Category

Fixed interest rate received / variable interest
payment for notional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due after 3
Due after 5
Due after 7 Due after 10
Due inDue after 1
1 year or less year through years through years through years through
years

-

-

-

-

-

Total

-

-

As of September 30, 2014
Category

Fixed interest rate received / variable interest
payment for notional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due inDue after 1
Due after 3
Due after 5
Due after 7 Due after 10
1 year or less year through years through years through years through
years

-

-

-

(b) Currency derivatives
Not applicable(c) Equity derivatives
Not applicable(d) Bond derivatives
Not applicable(e) Others
Not applicable(3) Derivatives to which hedge accounting is applied(a) Interest rate derivatives
Not applicable(b) Currency derivatives
Not applicable(c) Equity derivatives
Not applicable(d) Bond derivatives
Not applicable(e) Others
Not applicable

5

-

-

1,000
1.89
0.18
1,000

Total

1,000
1.89
0.18
1,000

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

As of March 31, 2014

As of September 30, 2014

Category
AmountJapanese government bonds%

Amount%5,158,972

96.7

5,366,940

96.7

Japanese municipal bonds

1,003

0.0

-

-

Japanese corporate bonds

30,0890.6

23,853

0.4

27,016

0.5

21,203

0.4

Japanese stocks

33,205

0.6

36,1390.7

Foreign securities

106,752

2.0

120,191

2.2

Bonds

79,835

1.5

93,5001.7

Stocks, etc.

26,916

0.5

26,691

0.5

Other securities

4,026

0.1

2,726

0.0

5,334,049

100.0

5,549,851

100.0

Public corporation bonds

Total

6

(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

As of March 31, 2014

Japanese government bonds

10,586

Japanese municipal bonds

1,003Japanese corporate bonds

6,718Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Total
Japanese government bonds

12,29765,346

5,055,455

Total

15,285-

5,158,972

-

-

-

-

-

1,003

2,058

105

-

1,639

19,56630,089

-

-

-

-

-

33,20533,205

2,007

7,629

13,045

16,3893,248

64,432

106,752

-

-

5,099

12,371

1,931

60,432

79,835

2,007

7,629

7,945

4,017

1,316

4,000

26,916

58

-

1,136

-

297

2,533

4,026

20,37421,98529,574

16,38970,532

5,175,193

5,334,049-

25,355--72,7785,268,806

5,366,940

As of September 30, 2014

Japanese municipal bonds

-

-

-

-

-

-

-

Japanese corporate bonds

1,410

1,239

-

-

1,637

19,56523,853

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

-

-

-

-

-

36,13936,1393,319

10,403

11,09915,4503,847

76,072

120,191

-

3,169

4,223

11,9382,096

72,07293,500

3,319

7,233

6,875

3,511

1,750

4,000

26,691

29

-

1,033

361

-

1,300

2,726

4,759

36,99812,133

15,811

78,2635,401,884

5,549,851

Note:The table above includes securities based on “financial product accounting standards”(Corporate Accounting Standards No.10).

7

(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, 2014
AmountAs of September 30, 2014%

Transportation/Information
Commerce
telecommunications
Financialservices/insurance

1,838
554
750
736
357
1,153
4,150
2,304
241
88
631
1,062
3,041
277
1,482
12,000846
1,685
33,205

Amount
5.5
1.7
2.3
2.2
1.1
3.5
12.5
6.9
0.7
0.3
1.9
3.2
9.2
0.8
4.5
36.1
2.6
5.1
100.0

1,995
686
955
979
193
1,568
4,640
2,742
277
192
560
1,273
3,241
256
1,768
12,000881
1,926
36,139Note: Categories of stock holdings by industry are based on the classification by Securities Identification Code Committee of Japan.

8

%
5.5
1.9
2.6
2.7
0.5
4.3
12.8
7.6
0.8
0.5
1.6
3.5
9.0
0.7
4.9
33.2
2.4
5.3
100.0

(iv) Fair value information on derivative transactions (general account)(1) Breakdown of valuation gains and losses (Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(Millions of yen)Interest rate
Currency
EquityBondderivatives
derivatives
derivatives
derivatives
OthersTotal
As ofMarch 31,2014

Derivatives to which hedge accounting isapplied
Derivatives to which hedge accounting is
not applied
Total

As of
September 30,
2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivatives to which hedge accounting isapplied
Derivatives to which hedge accounting is
not applied

-

-

-

-

-

-

27

-

-

-

-

27

Total

27

-

-

-

-

27

Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements of income(2) Interest rate derivatives(Millions of yen)
As of March 31, 2014

Category

Over-thecountertransactions

Items

Notional amountOver 1 year

Interest rate swaps
Fixed interest received /variable interest payment-

As of September 30, 2014
Valuation
gains (losses)

Fair value

-

-

Total

-

Notional amountOver 1 year

1,000

Valuation
gains (losses)

Fair value

1,000

27

Note: The market value of interest rate swaps is calculated using discount present value.

(Reference) Balance of interest rate swaps by remaining period(Millions of yen)
As of March 31, 2014

Category

Fixed interest rate received / variable interest payment
for notional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due after 1
Due after 3
Due after 5
Due after 7 Due after 10
Due inyears
1 year or less year through 3 years through years through years through

-

-

-

-

-

Total

-

-

As of September 30, 2014
Category

Fixed interest rate received / variable interest payment
for notional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due inDue after 1
Due after 3
Due after 5
Due after 7 Due after 10
1 year or less year through 3 years through years through years through
years

-

-

-

(3) Currency derivatives
Not applicable(4) Equity derivatives
Not applicable(5) Bond derivatives
Not applicable(6) Others
Not applicable

9

-

-

1,000
1.89
0.18
1,000

Total

1,000
1.89
0.18
1,000

27
27

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

As of March 31, 2014

154,180138,236
15,94438
38
154,219

Policy Loans
Policyholder loans
Automatic premium loans
Commercial loans
OthersTotal
Note: Amount of "Others" in commercial loans represents loans to employees.

10

As of September 30, 2014

158,512142,110
16,40117
17
158,530

(3) Overseas Investment (General Account)(i) Details by assets (general account)■ Assets denominated in foreign currency (yen amount not fixed)
As of March 31, 2014
Category
Amount%(Millions of yen)

As of September 30, 2014
Amount%Foreign bonds

36,01533.6

49,44141.0

Foreign stocks

1,725

1.6

1,951

1.6

Cash, deposits and others

20,45319.1

20,06616.6

58,19554.3

71,458

59.2

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, 2014
AmountAs of September 30, 2014%

Amount

%

-

-

-

-

49,05945.7

49,251

40.8

49,05945.7

49,251

40.8■ Total(Millions of yen)

Category
Overseas investment

As of March 31, 2014
AmountAs of September 30, 2014%

107,254

Amount100.0%

120,710100.0(ii) Foreign-currency-denominated assets by currency (general account)(Millions of yen)

Category

As of March 31, 2014
AmountAs of September 30, 2014%

Amount%U.S. dollar

45,301

77.8

59,422

83.2

Euro

9,148

15.7

8,423

11.8

Australian dollar

3,270

5.6

3,289

4.6

British pound

469

0.8

321

0.5

Offshore renminbi

3

0.0

-

-

New Taiwanese dollar

1

0.0

2

0.0

Total

58,195100.0

71,458100.0

11

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

As of March 31, 2014
Foreign securities

Category

Bonds
Amount%AmountLoans to borrowers locatedoutside of Japan

Stocks, etc.
%

Amount%Amount%North America

37,12534.8

29,742

37.3

7,383

27.4

-

-

Europe53,98050.6

46,847

58.7

7,132

26.5

-

-

Oceania

3,246

3.0

3,246

4.1

-

-

-

-

-

-

-

-

-

-

-

-

12,40011.6--

12,40046.1--

Middle East

-

-

-

-

-

-

-

-

Africa

-

-

-

-

-

-

-

-

International
Organizations

-

-

-

-

-

-

-

-

106,752

100.0

79,835100.0

26,916

100.0

-

-

Asia
Latin America

Total

As of September 30, 2014
Foreign securities

Category

Bonds
Amount%AmountLoans to borrowers locatedoutside of Japan

Stocks, etc.
%

Amount%Amount%North America

50,84342.3

43,142

46.1

7,701

28.9

-

-

Europe53,60044.6

47,093

50.4

6,507

24.4

-

-

Oceania

3,265

2.7

3,265

3.5

-

-

-

-

-

-

-

-

-

-

-

-

12,482

10.4--

12,482

46.8--

Middle East

-

-

-

-

-

-

-

-

Africa

-

-

-

-

-

-

-

-

International
Organizations

-

-

-

-

-

-

-

-

120,191

100.0

93,500100.0

26,691

100.0

-

-

Asia
Latin America

Total

12

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 (separate account)(Millions of yen)

As of March 31, 2014
Category

Balance sheet amount

Trading-purpose securities

As of September 30, 2014

Net valuation gains (losses)
recorded in income

620,666

50,776

As of March 31, 2014
Balance sheet amount
168,661
37,237
235,435
51,863
183,571
179,332
620,666

As of September 30, 2014
Balance sheet amount
167,71142,919269,546
55,939213,607
205,603685,780

Balance sheet amount

Net valuation gains (losses)
recorded in income

685,780(2) Details of Securities (separate account)(Millions of yen)

Category
Japanese government bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Total(3) Fair Value Information on Monetary Trusts (separate account)Not applicable(4) Fair Value Information on Derivative Transactions (separate account)(Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)
Not applicable13

31,995