Daido Life Unaudited Non-Consolidated Balance Sheet
(Millions of yen) | ||
As of | As of | |
March 31, 2023 | March 31, 2024 | |
Assets: | ||
Cash and deposits | 261,840 | 269,716 |
Deposit | 261,840 | 269,716 |
Monetary claims purchased | 45,120 | 51,658 |
Monetary trusts | 3,682 | 4,860 |
Securities | 6,102,411 | 6,495,213 |
Government bonds | 2,411,124 | 2,675,396 |
Municipal bonds | 191,046 | 188,369 |
Corporate bonds | 1,158,626 | 1,164,365 |
Domestic stocks | 246,700 | 277,929 |
Foreign securities | 1,747,899 | 1,770,189 |
Other securities | 347,013 | 418,962 |
Loans | 781,799 | 833,594 |
Policy loans | 71,905 | 77,661 |
Commercial loans | 709,894 | 755,933 |
Tangible fixed assets | 165,257 | 166,968 |
Land | 97,268 | 96,090 |
Buildings | 63,556 | 63,756 |
Lease assets | 700 | 385 |
Construction in progress | 2,413 | 5,329 |
Other tangible fixed assets | 1,318 | 1,406 |
Intangible fixed assets | 19,650 | 27,701 |
Software | 18,948 | 26,996 |
Other intangible fixed assets | 701 | 705 |
Due from agencies | 352 | 315 |
Reinsurance receivable | 804 | 7,011 |
Other assets | 64,018 | 70,612 |
Accounts receivable | 31,774 | 41,700 |
Prepaid expenses | 2,892 | 3,133 |
Accrued income | 21,551 | 18,757 |
Deposit for rent | 2,043 | 2,060 |
Initial margins of futures markets | 1,805 | 2,154 |
Derivatives | 2,665 | 619 |
Cash collateral paid for financial instruments | 430 | - |
Suspense payments | 354 | 1,722 |
Other assets | 501 | 464 |
Deferred tax assets | 20,359 | - |
Reserve for possible loan losses | (1,145) | (4,239) |
Total assets | 7,464,151 | 7,923,413 |
─ 1 ─ | Daido Life Insurance Company |
(Millions of yen) | ||
As of | As of | |
March 31, 2023 | March 31, 2024 | |
Liabilities: | 6,491,257 | |
Policy reserves | 6,657,107 | |
Reserve for outstanding claims | 37,743 | 43,803 |
Policy reserve | 6,406,362 | 6,567,766 |
Reserve for policyholder dividends | 47,150 | 45,537 |
Reinsurance payable | 1,980 | 1,506 |
Other liabilities | 58,475 | 75,435 |
Income taxes payable | 3,814 | 13,142 |
Accounts payable | 4,016 | 7,561 |
Accrued expenses | 14,107 | 14,154 |
Unearned income | 682 | 623 |
Deposit received | 503 | 773 |
Guarantee deposits | 8,345 | 8,513 |
Derivatives | 19,873 | 26,609 |
Cash collateral received for financial instruments | 3,061 | - |
Lease obligations | 774 | 428 |
Asset retirement obligations | 2,124 | 2,124 |
Suspense receipts | 1,172 | 1,504 |
Provision for bonuses to directors and | 69 | 74 |
audit & supervisory board members | ||
14,712 | ||
Provision for employees' retirement benefits | 10,962 | |
Reserves under the special laws | 127,322 | 130,681 |
Reserve for price fluctuations | 127,322 | 130,681 |
Deferred tax liabilities | - | 62,592 |
Total liabilities | 6,693,817 | 6,938,360 |
Net assets: | 110,000 | |
Capital stock | 110,000 | |
Capital surplus | 35,054 | 35,054 |
Capital reserve | 35,054 | 35,054 |
Retained earnings | 401,593 | 398,927 |
Legal reserve for future losses | 74,946 | 74,946 |
Other retained earnings | 326,647 | 323,981 |
Provision for advanced depreciation on real estate | 1,362 | 1,362 |
Reserve for purchase of specified stocks | - | 18 |
Reserve for 120th anniversary project | 50 | - |
General reserve | 200,000 | 200,000 |
Unappropriated retained earnings | 125,234 | 122,600 |
Total shareholders' equity | 546,647 | 543,981 |
Valuation difference on available-for-sale securities | 223,686 | 441,071 |
Total valuation and translation adjustments | 223,686 | 441,071 |
Total net assets | 770,334 | 985,053 |
Total liabilities and net assets | 7,464,151 | 7,923,413 |
─ 2 ─ | Daido Life Insurance Company |
Daido Life Unaudited Non-Consolidated Statement of Operation
(Millions of yen) | ||||
Year ended | Year ended | |||
March 31, 2023 | March 31, 2024 | |||
Ordinary revenues | 1,233,042 | 1,183,799 | ||
Income from insurance premiums | 810,311 | 843,749 | ||
Insurance premiums | 808,414 | 823,650 | ||
Ceded reinsurance recoveries | 1,897 | 20,098 | ||
Investment income | 259,241 | 306,335 | ||
Interest, dividends and income from real estate for | 159,359 | 179,358 | ||
rent | ||||
Interest income from deposits | 201 | 210 | ||
Interest income and dividends from securities | 134,890 | 146,332 | ||
Interest income from loans | 12,914 | 21,144 | ||
Interest from real estate for rent | 10,400 | 10,806 | ||
Other income from interest and dividends | 952 | 864 | ||
Gains from monetary trusts, net | - | 1 | ||
Gains on investments in trading securities, net | - | 153 | ||
Gains on sales of securities | 78,449 | 70,371 | ||
Foreign exchange gains, net | 18,819 | 49,877 | ||
Other investment income | 2,612 | 3,006 | ||
Gains on separate accounts, net | - | 3,567 | ||
Other ordinary income | 163,489 | 33,713 | ||
Income | related to | withheld insurance claims and | 24,773 | 26,646 |
other payments for future annuity payments | ||||
Income due to withheld insurance payments | 1,238 | 975 | ||
Reversal of policy reserves | 132,866 | - | ||
Reversal of employees' retirement benefits | - | 1,192 | ||
Other ordinary income | 4,611 | 4,898 | ||
Ordinary expenses | 1,148,962 | 1,082,136 | ||
Insurance claims and other payments | 887,660 | 588,397 | ||
Insurance claims | 147,785 | 143,278 | ||
Annuity payments | 63,091 | 64,463 | ||
Insurance benefits | 70,294 | 63,942 | ||
Surrender payments | 266,990 | 302,151 | ||
Other payments | 8,246 | 10,030 | ||
Reinsurance premiums | 331,250 | 4,530 | ||
Provision for policy and other reserves | 639 | 167,477 | ||
Provision for reserve for outstanding claims | 624 | 6,059 | ||
Provision for policy reserve | - | 161,403 | ||
Interest | portion | of reserve for policyholder | 14 | 13 |
dividends | ||||
Investment expenses | 114,923 | 179,117 | ||
Interest expenses | 27 | 14 | ||
Losses on investments in trading securities, net | 369 | - | ||
Losses on sales of securities | 35,781 | 52,055 | ||
Devaluation losses on securities | 910 | 1,473 | ||
Losses from derivatives, net | 36,157 | 85,871 | ||
Provision of reserve for possible loan losses | 39 | 4,433 | ||
Depreciation of real estate for rent | 2,676 | 3,027 | ||
Other investment expenses | 38,537 | 32,241 | ||
Losses on separate accounts, net | 423 | - | ||
Operating expenses | 121,827 | 124,068 | ||
Other ordinary expenses | 23,912 | 23,076 | ||
Payments related to withheld insurance claims | 1,302 | 1,163 | ||
Taxes | 11,753 | 12,031 | ||
Depreciation | 6,944 | 7,049 | ||
Provision for employees' retirement benefits | 1,386 | - | ||
Other ordinary losses | 2,526 | 2,831 | ||
Ordinary profit | 84,079 | 101,662 |
─ 3 ─ | Daido Life Insurance Company |
(Millions of yen) | ||
Year ended | Year ended | |
March 31, 2023 | March 31, 2024 | |
Extraordinary gains | - | 1 |
Gains on disposal of fixed assets | - | 1 |
Extraordinary losses | 4,313 | 4,968 |
Losses on disposal of fixed assets | 769 | 182 |
Impairment loss | - | 1,426 |
Provision for reserve for price fluctuations | 3,423 | 3,359 |
Other extraordinary losses | 120 | - |
Provision for reserve for policyholder dividends | 11,530 | 11,441 |
Income before income taxes | 68,236 | 85,254 |
Current income taxes | 20,962 | 25,579 |
Deferred income taxes | (2,035) | (1,235) |
Total income taxes | 18,926 | 24,343 |
Net income | 49,309 | 60,910 |
─ 4 ─ | Daido Life Insurance Company |
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T&D Holdings Inc. published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:19:45 UTC.