Lifenet Insurance Company · TSE:7157
Lifenet Insurance — Q3 FY2025 Earnings Presentation
23 slides from Lifenet Insurance's earnings presentation, Feb 12, 2026
Slide 1: 3Q Financial Results Briefing for the Fiscal Year Ending March 2026
LIFENET INSURANCE COMPANY 3Q Financial Results Briefing for the Fiscal Year Ending March 2026 February 12, 2026 [Speaker] Junpei Yokozawa President and Representative Director Takeshi Kawasaki Director, Executive Vice President, CFO
Slide 2: Presentation
Presentation Yokozawa: Thank you very much for taking time today to join us at LIFENET INSURANCE COMPANY's financial results briefing for Q3 FY2025. Today, I will begin by explaining topics mainly related to the financial results. After that, CFO will give an overview of the Q3 financial results. Co
Slide 3: Highlights of cumulative Q3 FY2025 results
Let us begin with the explanation. Please look at page 1. Here are the highlights of the cumulative results for Q3 of FY2025. Comprehensive Equity (“CE”), the most important management indicator of corporate value, increased 5.6% YoY to JPY174,507 million. Annualized premium of policies-in-force inc
Slide 4: Net increase of annualized premium of individual life
Please see page 3. The graph on the left shows the change in net increase of annualized premium of policies- in-force for individual life over Q3, nine-month basis, from FY2023 to FY2025. As you can see here, it grew strongly, increasing 26.4% YoY. Since COVID-19, we have identified the slowing grow
Slide 5: Term insurance series
Please see page 4. We have been making efforts for the past two years to pioneer the market of “Term” type insurance by launching term medical in October 2024 and term cancer in December 2025. Together with term-life death, the flagship product since our business commencement, which accounts for the
Slide 6: Second growth driver: Tech & Services
Please see page 5. This is the second growth driver. I believe that making every point of contact with customers' insurance stress-free and elevating the level of their insurance experience is essential for the competitive advantage of online life insurance companies going forward. Therefore, we are
Slide 7: Third growth driver: optimizing promotions
Please see page 6. The third growth driver is optimizing promotions. First, regarding our overall marketing strategy, previously we have focused on the “amount” of advertising, mainly TV commercials, to increase awareness so far. From FY2025, we are further updating this policy and shifting to a pha
Slide 8: Marketing campaigns and partner messaging
Specifically, we planned marketing campaigns which used new term cancer insurance as hooks to create business opportunities in an agile manner, and planning promotions to maximize results. Furthermore, by tailoring our messaging to the specific characteristics of each partner company's customer base
Slide 9: Future growth drivers
Please see page 7. I would like to explain our future growth drivers, based on the results we have presented so far. Through our efforts to date, the plan for the cumulative period through Q3 FY2025 is recovering performance through sales efforts, independent of external conditions. This time, a key
Slide 10: Two pillars: individual life and GCL
With these two pillars of individual life and GCL, we will scale up our operations based on a reproducible growth model. Copyright© LIFENET INSURANCE COMPANY All rights reserved. 9
Slide 11: Overview of the Mid-term Business Plan
Please see page 8. This is an overview of the Mid-term Business Plan. We will scale up the initiatives I have just outlined, steadily grow Comprehensive Equity (“CE”) and aim to reach our management goal of JPY200 billion to JPY240 billion. These were the main initiatives in Q3. From here, Vice Pres
Slide 12: Q3 FY2025 financial results: annualized premium
Kawasaki: This is Kawasaki. I will now explain the financial results for Q3 FY2025. Please see page 10. Annualized premium of policies-in-force at the end of December 2025 increased 9.1% YoY to JPY36,386 million, continuing steady growth. Copyright© LIFENET INSURANCE COMPANY All rights reserved. 11
Slide 13: Changes in policies-in-force by quarter
Please see 11. This shows changes in policies-in-force on a quarterly basis. Individual life recovered strongly in FY2025, thanks to the efforts reported earlier by Yokozawa, and we are accelerating the rebound. GCL, group credit life insurance, is a business that represents one of our priority area
Slide 14: IFRS-based P/L summary
I will now move on to the explanation of financial reporting under IFRS. Please see page 12. This is a summary of the IFRS-based P/L. Insurance service results correspond to what is called operating profit and loss for general business companies, and for a life insurance company like us which mainly
Slide 15: Trend in insurance service results
Please see page 13. This shows the trend in insurance service results. Excluding FY2022, when payments related to COVID-19 surged, insurance service results show steady growth, reaching JPY8,758 million in Q3 of FY2025. Progress toward the JPY9,800 million forecast announced in May 2025 is 89.4%, we
Slide 16: Moving factors of insurance service results
Please see page 14. This is the moving factor that insurance service results increased approximately JPY1,565 million, from JPY7,193 million in Q3 of previous fiscal year to JPY8,758 million in Q3 of the current fiscal year. The table on the left shows the components of insurance service results, an
Slide 17: Progress of GCL business
Please see page 15. This is the progress of GCL business. The GCL offered to au Jibun Bank's mortgage loan customers makes a strong contribution to our key indicators: Comprehensive Equity (“CE”), annualized premium of policies-in- force, and insurance services results. The partnership with THE KYOT
Slide 18: Movement of management indicators: Comprehensive Equity
Please see page 16. This is the movement of management indicators. Comprehensive equity, CE, at the end of December 2025 was JPY174,507 million, with a high average annual growth rate of 18% since listing in the management index. The line graph shows the change in CE per share. CE per share at the e
Slide 19: Changing factors of Comprehensive Equity
Please see page 17. This is the changing factors of Comprehensive Equity, in nine months from the end of March 2025 to the end of December 2025. As explained under management efforts on the left side, CE primarily increased mainly due to adjustments from new CSMs and assumption changes. Although we
Slide 20: Revision of FY2025 consolidated business forecasts
Please see page 18. Based on the results throughout Q3, we have revised our consolidated business forecasts for FY2025. In light of the stronger pace of growth in individual life and the weakening of GCL due to the external environment, we have revised our annualized premium of policies-in-force for
Slide 21: Indicators related to market valuation
Please see page 19. The following are the movement of various indicators related to our market valuation. The graph on the left side shows changes in Comprehensive Equity, CE, and CE per share, which represent corporate value. The graph on the right side shows the price-to-CE ratio, which is the rat
Slide 22: Initiatives to improve the PCE ratio
Please see page 20. We recognize that improving the PCE ratio requires addressing both efforts to improve CE, which represents corporate value, and efforts to improve market valuation. As Yokozawa explained at the beginning of this presentation, we are promoting initiatives to enhance corporate valu
Slide 23: Conclusion
Finally, please turn to page 21. We will continue to focus our efforts on our priority areas to achieve the Comprehensive Equity of JPY200 billion to JPY240 billion set forth in our Mid-term Business Plan. We expect our shareholders and investors to look forward to our challenges and continue to sup
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