T&D : Supplementary Materials for the Fiscal Year Ended March 31, 2026

Supplementary Materials for the Fiscal Year Ended March 31, 2026

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1. Business Highlights P2

   1. Annualized Premiums P2

   2. Policy Amount in Force P2

   3. New Policy Amount P3

   4. Surrender and Lapse Amount P3

   5. Surrender and Lapse Rate P3

2. Status of General Account Assets P4

   1. Asset Composition P4

   2. Changes in the Amount of Assets by Categories P4

   3. Investment Income P5

   4. Investment Expenses P5

   5. Net Investment Income P6

   6. Investment Yield and Average Daily Balance by Asset Categories P6

   7. Securities P7

   8. Securities by Contractual Maturity Dates P7

   9. Stock Holdings by Industry P8

   10. Loans P8

   11. Loans by Contractual Maturity Dates P9

   12. Loans to Domestic Corporations by Corporation Size P9

   13. Loans by Collateral Type P9

   14. Loans by Industry P10

   15. Loans by Region P11

   16. Foreign Investments P11

   17. Valuation Gains (Losses) on Trading Securities P12

   18. Fair Value Information on Securities (Except Trading Securities) P13

   19. Fair Value Information on Monetary Trusts P16

   20. Fair Value Information on Land, etc P16

   21. Fair Value Information on Derivative Transactions P17

3. Status of Separate Account Assets P24

   1. Balance of Separate Account Assets P24

   2. Status of Individual Variable Insurance (Separate Account) P24

   3. Status of Individual Variable Annuities (Separate Account) P25

4. Breakdown of Core Profit and Ordinary Profit P26

   1. Breakdown of Core Profit P26

   2. Breakdown of Ordinary Profit P27

5. Disclosed Claims Based on Insurance Business Act Standard P29

6. Total of General Account Assets and Separate Account Assets P31

Percentages are rounded to the nearest relevant percentage point. Therefore, the sums of each percentage do not always amount to 100%.

1. Business Highlights
   1. Annualized Premiums

      1. Policies in force

         (Millions of yen, %)

         Category		As of March 31, 2025		As of March 31, 2026
         		Amount	Change (%)	Amount	Change (%)
         Individual insurance		311,699	104.0	320,193	102.7
         Individual annuities		255,208	96.5	226,772	88.9
         Total		566,908	100.5	546,965	96.5
         	Medical benefits, living benefits, and others	141,685	103.5	146,612	103.5

         Notes:

         1. "Change (%)" is presented in comparison with the previous fiscal year-end.

         2. The amount of annualized premium is the annual premium amount calculated by multiplying factors according to the premium payment method to a single premium payment amount (for lump-sum payment, the amount is the total premium divided by the insured period).

         3. The amount of "Medical benefits, living benefits, and others" represents annualized premium related to medical benefits (hospital benefits, surgical benefits, and others), living benefits (specified illness benefits, nursing care benefits, and others), and waiver of premium benefits (disability cause is excluded but causes such as specific illness and nursing care are included).

      2. New policies

      (Millions of yen, %)

      Category		Year Ended March 31, 2025		Year Ended March 31, 2026
      		Amount	Change (%)	Amount	Change (%)
      Individual insurance		46,748	148.3	44,070	94.3
      Individual annuities		515	56.3	392	76.2
      Total		47,263	145.7	44,463	94.1
      	Medical benefits, living benefits, and others	20,232	104.1	20,481	101.2

      Notes:

      1. "Change (%)" is presented in comparison with the previous fiscal year.

      2. New policies include net increase from conversion.

   2. Policy Amount in Force

      (Number: Thousands, 100 Millions of yen, %)

      Category	As of March 31, 2025				As of March 31, 2026
      	Number of policies		Amount		Number of policies		Amount
      		Change (%)		Change (%)		Change (%)		Change (%)
      Individual insurance	6,979	99.9	81,193	91.6	6,936	99.4	75,108	92.5
      Individual annuities	755	92.6	22,800	87.7	686	90.9	20,011	87.8
      Subtotal	7,734	99.2	103,993	90.7	7,623	98.6	95,119	91.5
      Group insurance	-	-	98,067	100.4	-	-	98,121	100.1
      Group annuities	-	-	10,857	99.7	-	-	9,890	91.1

      Notes:

      1. "Change (%)" is presented in comparison with the previous fiscal year-end.

      2. Policy amount in force for individual annuities is the sum of the accumulated capital as of the start date of annuity payments for policies which annuity payments have not yet commenced and the amount of policy reserve for policies which annuity payments have commenced.

      3. Policy amount in force for group annuities is equal to the amount of policy reserve.

      4. "Hoken Kumikyoku Best", launched in October 2008 has its own product feature that treats each individual protection as basic policy and allows for combination of each individual protection (basic policy) into one product. Each individual protection is counted as one policy for this product.

   3. New Policy Amount

      (Number: Thousands, 100 Millions of yen, %)

      Category	Year Ended March 31, 2025
      	Amount		Amount
      	policies	Change (%)		Change (%)	New policies	Increase from conversion
      Individual insurance	1,201	98.6	5,821	259.9	7,866	(2,044)
      Individual annuities	5	99.1	110	65.4	115	(4)
      Subtotal	1,207	98.6	5,931	246.2	7,981	(2,049)
      Group insurance	-	-	91	84.3	91	-
      Group annuities	-	-	3	447.3	3	-

      (Number: Thousands, 100 Millions of yen, %)

      Category	Year Ended March 31, 2026
      	Number of		Amount
      	policies	Change (%)		Change (%)	New policies	Increase from conversion
      Individual insurance	1,077	89.6	5,858	100.6	7,072	(1,213)
      Individual annuities	4	77.7	84	76.3	91	(6)
      Subtotal	1,081	89.6	5,942	100.2	7,163	(1,220)
      Group insurance	-	-	110	120.6	110	-
      Group annuities	-	-	-	0.0	-	-

      Notes:

      1. "Change (%)" is presented in comparison with the previous fiscal year.

      2. Number of new policies includes increase from conversion.

      3. New policy amount including increase from conversion for individual annuities is equal to the accumulated capital as of the start date of annuity payments.

      4. New policy amount for group annuity is equal to the initial premium payment.

      5. "Hoken Kumikyoku Best", launched in October 2008 has its own product feature that treats each individual protection as basic policy and allows for combination of each individual protection (basic policy) into one product. Each individual protection is counted as one policy for this product.

   4. Surrender and Lapse Amount

      (Number: Thousands, 100 Millions of yen, %)

      Category	Year Ended March 31, 2025				Year Ended March 31, 2026
      	Number of		Amount		Number of		Amount
      	policies	Change (%)		Change (%)	policies	Change (%)		Change (%)
      Individual insurance	587	95.5	8,255	93.8	591	100.6	7,914	95.9
      Individual annuities	8	83.0	322	78.4	8	95.3	301	93.6
      Subtotal	596	95.3	8,577	93.1	599	100.5	8,216	95.8
      Group insurance	-	-	3	1,117.9	-	-	0	23.3

      Notes:

      1. "Change (%)" is presented in comparison with the previous fiscal year.

      2. "Hoken Kumikyoku Best", launched in October 2008 has its own product feature that treats each individual protection as basic policy and allows for combination of each individual protection (basic policy) into one product. Each individual protection is counted as one policy for this product.

   5. Surrender and Lapse Rate (Compared with the policy amount in force at the beginning of the fiscal year)

      (%)

      Category	Year Ended March 31, 2025	Year Ended March 31, 2026
      Individual insurance	9.32	9.75
      Individual annuities	1.24	1.32
      Subtotal	7.48	7.90
      Group insurance	0.00	0.00

2. Status of General Account Assets
   1. Asset Composition

      (Millions of yen, %)

      Category			As of March 31, 2025		As of March 31, 2026
      			Amount	Percentage	Amount	Percentage
      Cash and deposits, call loans			232,114	3.5	196,628	2.9
      Receivables under resale agreements			-	-	-	-
      Pledged money for bond borrowing transaction			-	-	-	-
      Monetary claims purchased			100,261	1.5	101,743	1.5
      Securities under proprietary accounts			-	-	-	-
      Monetary trusts			-	-	-	-
      Securities			5,164,182	77.2	5,299,841	78.5
      	Domestic bonds		2,921,264	43.7	2,993,688	44.3
      	Domestic stocks		450,101	6.7	482,288	7.1
      	Foreign securities		1,662,223	24.8	1,680,296	24.9
      		Foreign bonds	407,683	6.1	301,439	4.5
      		Foreign stocks, etc.	1,254,539	18.7	1,378,857	20.4
      	Other securities		130,594	2.0	143,568	2.1
      Loans			890,302	13.3	708,204	10.5
      	Policy loans		21,312	0.3	19,299	0.3
      	Commercial loans		868,990	13.0	688,904	10.2
      Real estate			213,034	3.2	210,646	3.1
      Deferred tax assets			2,563	0.0	-	-
      Other assets			91,440	1.4	237,957	3.5
      Reserve for possible loan losses			(1,489)	(0.0)	(1,130)	(0.0)
      Total assets			6,692,410	100.0	6,753,891	100.0
      	Foreign currency denominated assets		1,623,207	24.3	1,613,227	23.9

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

   2. Changes in the Amount of Assets by Categories

      (Millions of yen)

      Category			Year Ended March 31, 2025	Year Ended March 31, 2026
      Cash and deposits, call loans			(306,720)	(35,485)
      Receivables under resale agreements			-	-
      Pledged money for bond borrowing transaction			-	-
      Monetary claims purchased			(13,723)	1,481
      Securities under proprietary accounts			-	-
      Monetary trusts			-	-
      Securities			(198,065)	135,658
      	Domestic bonds		89,521	72,424
      	Domestic stocks		(88,374)	32,186
      	Foreign securities		(186,654)	18,073
      		Foreign bonds	(163,389)	(106,244)
      		Foreign stocks, etc.	(23,264)	124,317
      	Other securities		(12,557)	12,974
      Loans			(101,901)	(182,098)
      	Policy loans		(2,442)	(2,013)
      	Commercial loans		(99,458)	(180,085)
      Real estate			(7,994)	(2,387)
      Deferred tax assets			2,563	(2,563)
      Other assets			10,570	146,516
      Reserve for possible loan losses			31	359
      Total assets			(615,239)	61,480
      	Foreign currency denominated assets		(234,130)	(9,979)

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

   3. Investment Income

      (Millions of yen)

      Category		Year Ended March 31, 2025	Year Ended March 31, 2026
      Interests, dividends and income from real estate for rent		148,611	163,313
      	Interest income from deposits	2	47
      	Interest income and dividends from securities	124,712	140,995
      	Interest income from loans	9,853	9,661
      	Income from real estate for rent	10,100	10,520
      	Other income from interest and dividends	3,941	2,089
      Gains on securities under proprietary accounts		-	-
      Gains from monetary trusts, net		-	-
      Gains on investments in trading securities, net		-	-
      Gains on sale of securities		59,516	102,237
      	Gains on sale of domestic bonds	365	2,384
      	Gains on sale of domestic stocks	40,396	72,211
      	Gains on sale of foreign securities	18,754	27,641
      	Others	-	-
      Gains on redemption of securities		-	-
      Gains from derivatives, net		-	-
      Foreign exchange gains, net		981	8,333
      Reversal of reserve for possible loan losses		31	359
      Other investment income		35	52
      Total		209,175	274,295

   4. Investment Expenses

(Millions of yen)

Category		Year Ended March 31, 2025	Year Ended March 31, 2026
Interest expenses		1,722	5,220
Losses on securities under proprietary accounts		-	-
Losses from monetary trusts, net		-	-
Losses on investments in trading securities, net		-	-
Losses on sale of securities		31,035	72,760
	Losses on sale of domestic bonds	5,638	28,378
	Losses on sale of domestic stocks	42	355
	Losses on sale of foreign securities	25,355	44,026
	Others	-	-
Devaluation losses on securities		473	89
	Devaluation losses on domestic bonds	401	-
	Devaluation losses on domestic stocks	-	77
	Devaluation losses on foreign securities	72	11
	Others	-	-
Losses on redemption of securities		-	-
Losses from derivatives, net		33,256	21,045
Foreign exchange losses, net		-	-
Provision for reserve for possible loan losses		-	-
Write-off of loans		-	-
Depreciation of real estate for rent		3,591	3,620
Other investment expenses		4,657	6,960
Total		74,737	109,697

- Taiyo Life Insurance Company