August 9, 2018
Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Three Months Ended June 30, 2018
<Contents>
1. Key Operatig Performance(1) Policy Amount in Force and New Policy Amount

P.2(2) Annualized Premiums

P.2

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

P.3(2) Fair Value Information on Securities

P.4(3) Fair Value Information on Money Held in Trust (General Account)

P.6

3. Non-consolidated Balance Sheets

P.7

4. Non-consolidated Statements of Income

P.8

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

P.9

6. Solvency Margin Ratio

P.10(Reference) Consolidated Solvency Margin Ratio

P.11

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

P.12(2) Policy Amount in Force (Separate Account)

P.12

8. Consolidated Summary

P.12

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 Operatig Performance(1) Policy Amount in Force and New Policy Amount
Policy amount in force(Number: Thousand, Amount: 100 millions of yen, %)As of June 30, 2017

As of March 31, 2018

NumberAmountNumber7,153

446,958

As of June 30, 2018

Category

Individual life insurance

Amount7,316

Number

458,924% YoYchangeComparison to
March 31, 2018

Amount464,035

7,360

102.9

100.6

% YoY
changeComparison to
March 31, 2018

103.8

101.1

206

10,756

252

13,609

268

130.4

106.4

14,673

136.4

107.8

7,359

457,715

7,569

472,534

7,629

103.7

100.8

478,708

104.6

101.3

Group life insurance－

18,622－

19,201－－－

19,594

105.2

102.0

Group annuities

－

111

－

100

－

－

－

96

86.7

96.4

Individual annuities
Subtotal

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 three months ended June 30, 2017

Category

NumberAmountIndividual life insurance

106

Individual annuities

For the three months ended June 30, 2018

NumberAmountComparison
to FY17.1Q

Comparison
to FY17.1Q

New policies

15,594148.1

15,594

－

163.4

1,153

184.0

1,153

－
－

New policies

Increase fromconversion

10,531

10,531

－

124

117.2

10

627

627

－

17

－

117

11,158

11,158142

121.5

16,747150.1

16,747

Group life insurance

－

184

184

－

－

52

28.1

52

Group annuities

－

－

－

－

－

－

－

－

Subtotal

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(Millions of yen, %)As ofJune 30, 2017

As ofMarch 31, 2018

As ofJune 30, 2018

Comparison toJune 30, 2017

Comparison to
March 31, 2018

Individual life insurance

791,760

807,437

812,574

102.6

100.6

Individual annuities

35,166

41,386

43,778

124.5

105.8

Total

826,926

848,823

856,352

103.6

100.9

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

188,737

191,895

193,592

102.6

100.9

New policies(Millions of yen, %)Category

For the three months ended
June 30, 2017

For the three months ended
June 30, 2018

Individual life insurance

14,60916,024

109.7

Individual annuities

1,567

2,696

172.1

Total

16,177

18,721

115.7

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

3,107

3,366

108.4

Comparison to
FY17.1Q

Notes: 1. Annualized premiums refer to an amount that is calculated by multiplying individual premium amounts by a coefficient that differs depending on the premium payment methods, thereby
converting the figure to a per-year premium. (For single premium policies, premiums are divided by the number of coverage years.)
2. “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
Cash and deposits, call loans
Securities repurchased under resale agreements
Pledged money for bond borrowing transaction
Monetary claims purchased
Securities under proprietary accounts
Money held in trust
Securities
Japanese bonds (including JGBs)
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Loans
Real estate
Deferred tax assets
Other assets
Reserve for possible loan losses
Total
Of which, foreign-currency-denominated assets

As of March 31, 2018
Amount40,862－－－－
270,582
7,717,905
7,281,144
38,464
396,910366,571
30,3391,385
189,486
92,346
10,787
117,195(295)
8,438,872
409,863%

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

3

As of June 30, 2018
0.5
－
－
－
－
3.2
91.5
86.3
0.5
4.7
4.3
0.4
0.0
2.2
1.1
0.1
1.4
(0.0)
100.0
4.9

Amount49,880－－－－268,477
7,871,112
7,383,961
34,694451,300
423,10228,197
1,155
190,849
91,967
11,388
123,557(294)
8,606,939
458,713

%
0.6
－
－
－
－
3.1
91.5
85.8
0.4
5.2
4.9
0.3
0.0
2.2
1.1
0.1
1.4
(0.0)
100.0
5.3

(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, 2018

As of June 30, 2018
Net unrealized gains (losses)

Net unrealized gains (losses)
Category

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

Carrying
amountFair value

6,467,997

8,050,644

401,958

436,842－

Stocks of subsidiaries and affiliatedcompanies
Available-for-sale securities

Carrying
amountFair value

Unrealized
gains

Unrealized
losses

Unrealized
gains

Unrealized
losses

1,582,646

1,640,383

57,736

6,565,545

8,186,228

34,88435,9391,055

446,018

483,965

1,620,683

1,672,771

52,08837,947

38,840

893

－

－

－

－

－

－

－

－

－
3,990

921,995

1,091,187

169,192

172,541

3,349

936,713

1,100,858

164,144

168,135

Japanese bonds (including JGBs)

847,062

1,002,106

155,044

155,044－852,555

1,005,384

152,829

152,829－

Japanese stocks

13,68530,66816,982

17,00825

11,42725,467

14,04014,040－Foreign securities

3,990

61,081

58,125(2,955)

368

3,323

72,56569,710(2,854)

1,135

Bonds

49,39846,689(2,709)

368

3,077

60,88260,359

(523)

1,135

1,659

Stocks, etc.

11,682

11,436

(245)

－

245

11,6829,351(2,331)－

2,331

Other securities

165

286

120

120

－

165

295

129

129

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

7,791,950

9,578,673

1,786,723

1,848,865

62,142

7,948,277

9,771,052

1,822,775

1,879,747

56,972

7,397,136

9,185,284

1,788,148

1,827,186

39,0377,501,375

9,327,863

1,826,488

1,859,336

32,848Japanese stocks

13,68530,66816,982

17,00825

11,42725,467

14,04014,040－Foreign securities

380,962

362,434(18,528)

4,550

23,078435,308

417,425(17,883)

6,241

24,124

Bonds

369,280

350,998(18,282)

4,550

22,832

423,626

408,074(15,551)

6,241

21,793

Stocks, etc.

11,682

11,436

(245)

－

245

11,6829,351(2,331)－

2,331

Other securities

165

286

120

120

－

165

295

129

129

－

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

Total
Japanese bonds (including JGBs)

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, as of March 31,2018, amounted to ¥232,484 million and¥38,552 million, as of June 30, 2018, amounted to ¥232,504 million and ¥37,738 million, respectively.

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

As of March 31, 2018

As of June 30, 2018

Held-to-maturity securities－－

Unlisted foreign bonds－－

Others－－－－Stocks of subsidiaries and affiliated companies

15,92615,926

Available-for-sale securities

Policy-reserve-matching bonds

7,719

7,289

Unlisted domestic stocks (except OTC stocks)

159

159

Unlisted foreign stocks (except OTC stocks)

590

503

Unlisted foreign bonds
Others
Total

－

－

6,968

6,626

23,64523,2154

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, 2018
Category

Held-to-maturity securities

As of June 30, 2018

Net unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
lossesNet unrealized gains (losses)

Carrying
amountFair value

Unrealized
gains

Unrealized
losses6,467,997

8,050,644

1,582,646

1,640,383

57,736

6,565,545

8,186,228

1,620,683

1,672,771

52,088

Policy-reserve-matching bonds

401,958

436,842

34,88435,9391,055

446,018

483,965

37,947

38,840893

Stocks of subsidiaries and affiliated companies

15,92615,926－－－15,92615,926－－－

Available-for-sale securities

929,714

1,103,060

173,345

176,918

3,572

944,003

1,112,434

168,431

172,593

4,161

Japanese bonds (including JGBs)

847,062

1,002,106

155,044

155,044－852,555

1,005,384

152,829

152,829－

Japanese stocks

13,84530,82816,982

17,00825

11,58725,627

14,04014,040－Foreign securities

61,671

59,702(1,968)

1,354

3,323

73,06871,299(1,769)

2,221

3,990

Bonds

49,39846,689(2,709)

368

3,077

60,88260,359

(523)

1,135

1,659

Stocks, etc.

12,27313,013

740

986

245

12,185

10,940(1,245)

1,085

2,331

Other securities

7,134

10,422

3,287

3,510

222

6,791

10,123

3,331

3,502

171

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

7,815,596

9,606,473

1,790,876

1,853,241

62,365

7,971,493

9,798,555

1,827,061

1,884,205

57,14332,848

Total
Japanese bonds (including JGBs)

7,397,136

9,185,284

1,788,148

1,827,186

39,0377,501,375

9,327,863

1,826,488

1,859,336

Japanese stocks

21,482

38,464

16,982

17,00825

19,22333,264

14,04014,040－Foreign securities

389,842

372,301(17,541)

5,536

23,078444,101

427,304(16,797)

7,326

24,124

Bonds

369,280

350,998(18,282)

4,550

22,832

423,626

408,074(15,551)

6,241

21,793

Stocks, etc.

20,562

21,302

740

986

245

20,475

19,229(1,245)

1,085

2,331

Other securities

7,134

10,422

3,287

3,510

222

6,791

10,123

3,331

3,502

171

Monetary claims purchased

－

－

－

－

－

－

－

－

－

－

Certificates of deposit

－

－

－

－

－

－

－

－

－

－

Others

－

－

－

－

－

－

－

－

－

－

5

(3) Fair Value Information on Money Held in Trust (General Account)(Millions of yen)

As of March 31, 2018
Category

Money held in trust

Balance
Fair value
sheet amount
270,582

As of June 30, 2018

Net unrealized gains (losses)
Unrealized Unrealized
gains
losses－

270,582－

Balance sheet
Fair value
amount－268,477

268,477

Net unrealized gains (losses)
Unrealized Unrealized
gains
losses－－－Note: The above table includes ¥40 million of jointly invested money held in trust, as of March 31, 2018 and June 30, 2018, respectively.

Money held in trust for investment(Millions of yen)

As of March 31, 2018
Category

As of June 30, 2018

Net valuation gains (losses)
recorded in income

Balance sheet amount－Money held in trust for investment

Balance sheet amount－－Money held in trust for held-to-maturity and policy reserve matching and other money held in trust
As of March 31, 2018
Carrying
amountFair value－(Millions of yen)

As of June 30, 2018

Net unrealized gains (losses)
Category

Net valuation gains (losses)
recorded in income

Net unrealized gains (losses)

Unrealized Unrealized
gains
lossesCarrying
amountFair value

Unrealized Unrealized
gains
lossesMoney held in trust for held-to-maturity

－

－

－

－

－

－

－

－

－

－

Money held in trust for policy-reserve-matching

－

－

－

－

－

－

－

－

－

－

231,989

270,541

38,55238,552－

230,697

268,436

37,73837,738－Other money held in trust63. Non-consolidated Balance Sheets(Millions of yen)

As of March 31, 2018

As of June 30, 2018

AmountAmountAssets:Cash and deposits

53,683

Call loans

65,50070,800

Money held in trust

270,582

268,477

Securities

60,794

8,765,967

8,982,962

6,966,434

7,025,402

1,543

1,538

Japanese corporate bonds

461,015503,195

Japanese stocks

88,37686,391

Foreign securities

959,188

1,067,896

189,486

190,849

189,460

190,829

25

20

Japanese government bonds
Japanese local government bonds

Loans
Policy loans
Commercial loans
Tangible fixed assets

93,16992,748Intangible fixed assets

23,21022,557

Due from reinsurers

929

748
99,100

Other assets

92,184

Prepaid pension costs

2,483

2,550

Deferred tax assets

10,787

11,388Reserve for possible loan losses
Total Assets

(295)

(294)

9,567,689

9,802,683

8,606,736

8,808,661

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

35,17636,1788,566,075

8,767,108

5,484

5,373

Due to agencies

1,873

1,447

Due to reinsurers

5,497

4,872

Other liabilities

386,099432,669

13,478

5,417

6

5

Accrued income tax
Lease obligations
Asset retirement obligations
Others

1,856

1,864

370,757

425,381Reserve for employees' retirement benefits
Reserve under the special laws

26,65627,11447,92948,428Reserve for price fluctuations

47,92948,428Deferred tax liabilities on land revaluation
Total Liabilities

109
9,074,902

109
9,323,302

Common stock

70,00070,000Capital surplus

5,865

5,865

Net Assets:

Capital reserve
Retained earnings

5,865

5,865

294,424

284,572

Legal retained earnings

34,93840,188Other retained earnings

259,486

244,383

259,486

244,383

Total shareholders' equity

370,289

360,437

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

124,936

121,382

Land revaluation, net of taxes
Total valuation and translation adjustments(2,439)(2,439)122,497

118,943

Total Net Assets

492,787

479,3819,567,689

9,802,683

Unappropriated retained earnings

Total Liabilities and Net Assets

7

4. Non-consolidated Statements of Income(Millions of yen)
For the three months ended
June 30, 2017

For the three months ended
June 30, 2018

AmountAmountOrdinary Revenues

327,957

379,374

Income from insurance premiums

241,140

269,523

Insurance premiums
Investment income

240,573

269,032

83,103106,992

Interest income and dividends

38,81740,419

Income from money held in trust, net

1,127

1,127

12

－

Gains on trading securities, net
Gains on sale of securities
Gains on separate accounts, net
Other ordinary income

0

3,265

43,09249,892

3,713

2,858

Reversal of reserves for outstanding claims
Ordinary Expenses

341－

312,140

356,098

Insurance claims and other payments

96,772

100,823

23,48622,755

Insurance claims
Annuity payments

2,970

3,168

Insurance benefits

21,717

21,952

Surrender payments

45,73349,629Refund to policyholders
Provision for policy reserves and others
Provision for reserve for outstanding claims
Provision for policy reserves
Interest on policyholders' dividends reserve
Investment expenses

872

1,017

165,599

202,035－

1,001

165,599

201,033

0

0

8,908

9,307

Interest expenses

15

247

Losses on trading securities, net－

40

Losses on sale of securities－

34

Losses on derivatives, net
Operating expenses

7,015

7,855

33,26035,483

Other ordinary expenses

7,599

8,448

Ordinary Profit

15,81623,276Extraordinary Gains

3,640

－

Reversal of reserve for investment loss
Extraordinary Losses

3,640

－

4,621

524

0

17

Losses on disposal of fixed assets

07Provision for reserve under the special laws

Impairment losses

445

499

Provision for reserve for price fluctuations

445

499

Valuation loss on stock of affiliated companies
Provision for Reserve for Policyholders' Dividends

4,176

－

222

23

Income Before Income Taxes

14,61322,728

Income Taxes —Current

3,943

5,570

Income Taxes —Deferred

526

759

Total Income Taxes

4,470

6,330

Net Income

10,143

16,3978

5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit(Millions of yen)
For the three months ended
June 30, 2017
Core profit

A

For the three months ended
June 30, 201824,93026,765124

15,552

Income from money held in trust, net－－

Income from trading securities, net

11－

Gains on sale of securities

0

3,265

Capital gains

Gains on derivatives, net－－

Foreign exchange gains, net

49

12,287

63

－

7,441

16,850

Other capital gains
Capital losses
Losses on money held in trust, net－－

Losses on trading securities, net－

42

Losses on sale of securities

－

34

－

－

7,015

7,855

Devaluation losses on securities
Losses on derivatives, net
Foreign exchange losses, net
Other capital losses

－

－

426

8,917

Net capital gains (losses)

B(7,316)(1,297)

Core profit plus net capital gains (losses)

A+B

17,61325,467

Other one-time gains

10

Gains from reinsurance－－－

Reversal of contingency reserve－

Reversal of specific reserve for possible loan losses

10

Others

－

－

1,798

2,191

－

－

1,778

2,158

－

－

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

Write-off of loans－－

OthersNet other one-time gains (losses)
Ordinary profit

20

33

C

(1,796)(2,191)

A+B+C

15,81623,276(Reference) The breakdown of Others
For the three months ended
June 30, 2017
Core profit
Income gains in income from money held in trust

For the three months ended
June 30, 2018

1,128

10,046

1,127

1,127

Interest income and dividends in income from trading securities

01

Effects of currency market fluctuations of products dominated in foreign currencies

－

8,917

Other capital gains
Effect of change in the exchange rates related to foreign currency denominated insurance contracts
Other capital losses

63

－

63

－

426

8,917

Impairment losses from investment partnership

426－

Effect of change in the exchange rates related to foreign currency denominated insurance contracts

－

8,917

－

－

"Others" of other one-time gains"Others" of other one-time losses
Provision of additional policy reserve

20

33

20

33

Note: Beginning from disclosures for the fiscal year ending March 31, 2019, the disclosure method of the breakdown of core profit relating to the effect of change in the exchange rates related toforeign currency denominated insurance contracts have been modified. Although, this change has no impact on core profit.

9

6. Solvency Margin Ratio(Millions of yen)

Category

As of March 31, 2018

Total solvency margin(A)

As of June 30, 2018

1,233,854

1,273,584

Common stock, etc.

344,039

359,642

Reserve for price fluctuations

47,92948,428Contingency reserve

89,915

92,073General reserve for possible loan losses

00

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)

156,011

151,588

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

29,83029,830

－

－

377

1,158

Deferred tax assets

88,661

94,729

Excess amount of policy reserves based on Zillmer method

525,389

531,078

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

The portion of the excess amount of policy reserves based on Zillmer method andsubordinated debt that is not included in the margin(43,128)(29,774)

Deductible items(5,171)(5,171)(B)

94,03096,169Insurance risk

R1

24,337

24,422

Third-sector insurance risk

R8

8,587

8,571

Assumed interest rate risk

R232,452

32,840

Minimum guarantee risk

R7

20,137

20,922

Asset management risk

R332,95333,995Business management risk

R4

2,369

2,415

2,624.3%

2,648.6%

Subordinated debt

Total risk

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

Solvency margin ratio
(A)/

1
× (B)
2

×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 Ministryof Finance Public Notice No. 50 (1996).
2. Minimum guarantee risk is calculated based on the standardized approach.

10(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, 2018

Total solvency margin(A)

As of June 30, 2018

1,217,876

1,257,329

Common stock, etc.

340,820

356,019

Reserve for price fluctuations

47,92948,428Contingency reserve

89,915

92,073

Catastrophe reserve－－

General reserve for possible loan losses

00

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

156,011

151,588

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

29,83029,830Total amount of unrecognized net actuarial differences and unrecognized priorservice cost

(2,419)(2,242)

－

－

377

1,158

Deferred tax assets

88,661

94,729

Excess amount of policy reserves based on Zillmer method

525,389

531,078－－

The portion of the excess amount of policy reserves based on Zillmer method andsubordinated debt that is not included in the margin(46,347)(33,398)

Deductible items(12,290)(11,938)(B)

91,36293,494

R1

24,337

24,422

Ordinary insurance risk

R5

－

－

Major catastrophe risk

R6

－

－

Third-sector insurance risk

R8

8,587

8,571

Insurance risk of small-amount short-term insurance providers

R9

－

－

Assumed interest rate risk

R232,452

32,840

Minimum guarantee risk

R7

20,137

20,922

Asset management risk

R330,14931,190Business management risk

R4

2,313

2,358

2,666.0%

2,689.6%

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

Subordinated debt

Total risk
Insurance risk

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

Solvency margin ratio
(A)/

1
× (B)
2

×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 Japanand Public Notice of Financial Services Agency No. 23 (2011).
2. Minimum guarantee risk is calculated based on the standardized approach.

11

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

As of March 31, 2018

Category
Individual variable life insurance and individual variable annuities

As of June 30, 2018

1,128,817

1,195,744－－

1,128,817

1,195,744

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)(Number: Thousand, Amount: Millions of yen)

Individual variable life insurance
As of March 31, 2018

As of June 30, 2018

Category
NumberAmountNumberAmountVariable life insurance (whole life type)843

8,384,508

841

8,285,341

Variable life insurance (limited term type)122

628,240129

709,2306

301,218

7377,296972

9,313,967

978

9,371,868

Variable life insurance (term type)
Total
Note: Amounts include the rider portion of variable life insurance.

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

As of March 31, 2018

As of June 30, 2018

Category
NumberIndividual variable annuities

Amount162

945,144

NumberAmount178

1,051,993

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 applicable12