Daiichi Life Group. Inc. · TSE:8750

Daiichi Life — FY2013 Earnings Presentation

75 slides from Daiichi Life's earnings presentation, May 23, 2014

  1. Slide 1: 2014/ 5/23 —£20/(-bF+-

    2014/ 5/23 —£20/(-bF+-

  2. Slide 2: EON

    EON

  3. Slide 3: EON

    EON

  4. Slide 4: —£2O-bF—

    —£2O-bF—

  5. Slide 5: EON

    EON

  6. Slide 6: TAL

    13/3 14/3 13/3 14/3 13/3 14/3 13/3 14/3 1 TAL

  7. Slide 7: EON

    EON 25

  8. Slide 8: EON

    EON

  9. Slide 9: EON

    | HR EON

  10. Slide 10: EEV

    50,000 +3,286 42,947 +3,066 +86 +615 40,000 +2,554 +192 +- 0 33,213 △67 30,000 20,000 10,000 0 13/4 14/3 31,105 0 115 304 522 91 12 3,515 53 34,313 2,107 2,554 307 2,761 522 5 628 229 14 8,633 33,213 2,554 192 3,066 0 86 615 3,286 67 42,947 33,369 2,169 153 2,960 0 31 673 3,328 0 42,685 1,293 223 13

  11. Slide 11: 13/3 14/3 2,112 2,554 36,064 40,878 4,814 5.86% 6.25% 0.39 13/3 14/3 13/3 14/3

    13/3 14/3 2,112 2,554 442 36,064 40,878 4,814 5.86% 6.25% 0.39 13/3 14/3 13/3 14/3 13/3 14/3 1,911 2,169 257 19 223 203 183 184 0 29,671 26,495 3,175 4,871 11,457 6,586 2,008 4,070 2,062 1.75 1.55 4.62 6.44% 8.19% 0.40% 1.95% 9.15% 4.53%

  12. Slide 12: —£2O-bF—

    —£2O-bF—

  13. Slide 13: 6.1 6.0 4.9 5.2 4.5 4.3 3.7 3.5 3.6 3.3 2 250 191 203

    6.1 6.0 779 6 750 4.9 5.2 4.5 4 500 4.3 3.7 3.5 3.6 324 3.3 2 250 191 203 0 0 00/3 11/3 12/3 13/3 14/3 11/3 12/3 13/3 14/3

  14. Slide 14: TAL

    EON TAL

  15. Slide 15: 2010/3/31 2014/3/31 2010/3/31 2014/3/31 11,089 14,827 1.39% 0.64% 93.04 102.92

    2010/3/31 2014/3/31 2010/3/31 2014/3/31 11,089 14,827 10 1.39% 0.64% 93.04 102.92

  16. Slide 16: 3,000 2,554 2,500 2,112 2,000 1,877 1,589 1,500 1,189 1,000 500 0 (500) 10/3

    3,000 2,554 2,500 2,112 2,000 1,877 1,589 1,500 1,189 1,000 500 0 (500) 10/3 11/3 12/3 13/3 14/3

  17. Slide 17: FY2013 FY2014

    FY2013 DIY FP FY2014 1,000 FY2013 ) 131 1,348 DL Pad 1.7 14 9

  18. Slide 18: EV (1)(2) ) ) 5.75% 5.59% 6% 4.69% 5% 4.53% 4.31% 4% 439 7.8%

    EV (1)(2) ) ) 5.75% 5.59% 6% 600 4.69% 5% 4.53% 501 4.31% 10 4% 439 7.8% 3% 400 390 4Q 1.7 1.6 5 1.4 3Q 1.8 2% 1.6 1.5 2Q 1.7 1.6 1.4 1% 1Q 1.8 1.7 1.6 0 0% 12/3 13/3 14/3 200 12/3 13/3 14/3 2

  19. Slide 19: 4.0 4,000 3.0 3,500 2.9 2.0 2.3 3,000 1.6 1.0 1.5 2,500 0 0.0

    100 4.0 1 4,000 80 3.0 60 3,500 2.9 2.0 40 2.3 3,000 20 1.6 1.0 1.5 2,500 0 0.0 11/3 12/3 13/3 14/3 2,000 (3) 1,500 400 1,000 500 200 0 0 13/3Q1 13/3Q2 13/3Q3 13/3Q4 14/3Q1 14/3Q2 14/3Q3 14/3Q4 -200 -400 12/3 13/3 14/3 15/3 16/3

  20. Slide 20: 2B ON

    2B ON (php a L@ ssnust PaninDai-ichiLife By your side, for life * i ——— - & ns | ; UssfU50 Ff

  21. Slide 21: (TAL) (TAL)

    150 147 100 50 0 08/3 09/3 10/3 11/3 12/3 13/3 14/3 (50) ( ( ( ) ( ) ) ( ) ) (TAL) (TAL) 20

  22. Slide 22: TAL

    2013 12 150 2 20% 4 4 4 12.2% 14.2% 15% 100 10.7% 9.7% 10% 50 12.2% 5% TAL 17.6% ’07 9 ’13 9 0 0% 07/9 09/9 11/9 13/9 11/9 13/9 12/3 14/3 21

  23. Slide 23: 10% 8.0% 8.0% 7.2% 7.2% 6.2% 5.6% 4.9% 5% 0 0% 07/12 08/12 09/12

    4 4 4 5 5 5 5 10 10% 8.0% 8.0% 7.2% 7.2% 6.2% 5.6% 4.9% 5 5% 0 0% 07/12 08/12 09/12 10/12 11/12 12/12 13/12 ( ) ( ) -5 -5% 22

  24. Slide 24: Japan 2019e North AmericaEuropean UnionDeveloping Asia

    2.0% 1.0% 0.2% 1.0% 1,000 -0.3% 0.7% 0.0% 2012 0 -1.0% Japan North AmericaEuropean UnionDeveloping Asia 2019e 3.8% 5.0% 10.0%CAGR 20,000 8.3% -0.5 10,000 0 0.0% 15.0% Japan North America 3.5%EU Developing Asia 2.9% 4.3% 12.8% 1,000 10.0% 2013 500 5.0% 2020e CAGR 0 0.0% Developing Asia

  25. Slide 25: 2B ON

    2B ON Discs fine mism Dimension ii Div

  26. Slide 26: —££o0N-b+-

    —££o0N-b+-

  27. Slide 27: 124% 130% 120% 107% 110% 100% 5.2 4.0 4.1 3.7 13/3 14/3 15/3

    124% 130% 120% 107% 110% 100% 5.2 4.0 4.1 3.7 13/3 14/3 15/3

  28. Slide 28: —£2O-bF—

    —£2O-bF—

  29. Slide 29: Eoit-b+-

    Eoit-b+- — a

  30. Slide 30: 1,200 50% 1,125 40% 1,000 30% 20% 10% 0%

    1,200 50% 1,125 40% 1,000 800 925 30% 20% 400 10% 0 0%

  31. Slide 31: EON

    EON

  32. Slide 32: —£2O-bF—

    —£2O-bF—

  33. Slide 33: —£2O-bF—

    —£2O-bF—

  34. Slide 34: 3.0 2.5 2.0 1.6% 1.5 1.0 4.1% 0.5 0.0 0 15 3.0 10 2.5

    3.0 25 2.5 2.0 1.6% 1.5 20 1.0 4.1% 0.5 0.0 0 20 40 60 80 100 15 3.0 10 2.5 0.8% 2.0 1.5 5 2.5% 1.0 0.5 0.0 0 0 20 40 60 80 100 07/3 08/3 09/3 10/3 11/3 12/3 13/3

  35. Slide 35: 5.0 4.5 4.0

    5.0 50 40 4.5 30 4.0 20

  36. Slide 36: New Initiatives Growth Contributor DIAM

    New Initiatives Growth Contributor DIAM Unattractive Profit Center &

  37. Slide 37: 100% 100% 90% 21.9% 90% 18.5% 19.1% 20.0% 20.5% 20.9% 22.7% 22.6% 22.7% 22.4%

    100% 100% 90% 21.9% 90% 18.5% 19.1% 20.0% 20.5% 20.9% 22.7% 22.6% 22.7% 22.4% 80% 80% 3.4% 3.3% 3.2% 3.4% 3.4% 1.6% 2.3% 3.2% 3.2% 3.2% 3.3% 3.3% 4.3% 2.9% 3.2% 3.3% 4.0% 3.6% 3.6% 3.5% 3.6% 4.1% 3.9% 70% 70% 5.1% 3.8% 3.8% 4.6% 4.5% 4.6% 4.8% 4.8% 5.3% 5.7% 5.5% 5.3% 5.8% 6.0% 6.1% 6.2% 6.2% 6.0% 6

  38. Slide 38: DIY

    DIY Way Way 10/3

  39. Slide 39: —£2O-bF—

    —£2O-bF—

  40. Slide 40: Argentina Singapore Philippines

    0 1 2 3 4 5 6 7 (%) Italy Spain Japan 100 1,000 10,000 100,000 Swiss Re Germany Austria France Argentina Russia Canada United… United… New Zealand Australia Brazil Mexico Turkey South Korea Singapore 2013-19 Hong Kong Taiwan Thailand Malaysia Vietnam Indonesia India Philippines -0.5% 0.0% 0.5% 1.0%

  41. Slide 41: FY2010 FY2011 FY2012

    1 1,500 1,000 500 0 FY2010 FY2011 FY2012 FY2013 2 2,500 2,000 1,500 1,000 500 0 FY2010 FY2011 FY2012 FY2013

  42. Slide 42: FY2010 FY2011 FY2012

    (1)(2) 8 6 4 2 0 FY2010 FY2011 FY2012 FY2013 (1) 15 10 5 0 FY2010 FY2011 FY2012 FY2013

  43. Slide 43: ( ) 2.9% 2.6% 2.2% 1.9% • 2010 2011 2012 2013 • 42

    ( ) 300 2.9% 2.6% 200 2.2% 1.9% 283 100 211 195 119 • 0 2010 2011 2012 2013 • 42

  44. Slide 44: TAL Dai-ichi Life Australia underlying profit

    800 728 600 508 400 330 319 139 108 200 190 210 219 0 12/3 13/3 14/3 2,500 2,151 2,000 (Underlying profit) 1,579 1,500 1,393 1,290 796 1,000 696 TAL Dai-ichi Life Australia Pty Ltd 500 861 696 782 0 12/3 13/3 14/3

  45. Slide 45: EON

    EON

  46. Slide 46: EON

    EON r T T , T T T T T t

  47. Slide 47: —£2O-bF—

    —£2O-bF—

  48. Slide 48: / 4,000 3,730 16/3 3,500 3,145 3,000 2,500 1,514 2,000 00% 1,738 84% 1,500

    / 4,000 3,730 16/3 3,500 611 3,145 3,000 2,500 1,514 2,000 100% 1,738 84% 1,500 720 829 860 1,000 47% 140 217 514 500 14% 0 514 265 89 324

  49. Slide 49: / 4,500 3,998 4,000 3,705 3,500 1,273 3,076 3,000 0 940 2,500 100% 108%

    / 4,500 3,998 4,000 3,705 280 3,500 1,273 3,076 3,000 711 360 940 2,500 100% 108% 2,000 83% 347 280 1,500 652 1,000 855 500 23% 0 855 169 86 779

  50. Slide 50: 772.1% 800% 715.2% 575.9% 600% 400% 6.0 5.5 3.6 200% % 0 12/3 13/3

    772.1% 800% 715.2% 6 575.9% 600% 4 400% 6.0 5.5 3.6 2 200% 0% 0 12/3 13/3 14/3

  51. Slide 51: 3,000 1,861 2,000 1,507 1,042 1,126 1,059 1,267 1,000 06/3 07/3 08/3 09/3 10/3

    3,000 1,861 2,000 1,507 1,042 1,126 1,059 1,267 961 1,000 0 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 14/3 3.5% 3.24% 3.18% 3.14% 2.96% 2.89% 2.81% 3.0% 2.73% 2.66% 2.67% 3.13% 3.01% 2.5% 2.72% 2.70% 2.56% 2.46% 2.57% 2.0% 2.38% 2.35% 1,500 1,000 1,220 500 828 903 914 648 611 426 0 (11)

  52. Slide 52: 1

    1 2 3 4

  53. Slide 53: (1) (2) (%) 5.2 4.6 3.7 3.2 3.8 30,000 4.3 4.1 3.8 3.7 4.2

    (1) (2) (%) 5.2 4.6 3.7 3.2 3.8 30,000 4.3 4.1 3.8 3.7 4.2 4.9 5.0 5.1 5.2 5.2 8.5 7.5 8.0 8.7 11.0 4.9 4.8 6.0 6.9 25,000 4.8 9.1 8.4 12.1 8.9 24,172 9.9 1.5 2.2 1.5 2.5 1.2 11.2 9.8 9.2 13.0 12.2 20,000 19,156 71.6% 16,747 53.1 53.3 15,000 16,068 16,058 47.0 51.1 45.4 10,000 10/3 11/3 12/3 13/3 14

  54. Slide 54: (2) 3.8% 2.6% 1.4% 3.8% 4.2% 3.2% 6.9% 9.0% 6.4% .6% 3 4.2% 15.4%

    (2) 16 3.8% 2.6% 1 1.4% 3.8% 4.2% 3.2% 6.9% 9.0% 1 14 6.4% 4.6% 3 4.2% 15.4% 8.7% 5.6% 5.8% 3.5% 3 12 4.1% 4.0% 3.6% 5 5.6% 5.3% 6.2% 12.7% 5 10 13.3% 7 13.6% 7 10 (1) ( ) 20 18.4 19.1 19.2 79.8% 10 17.4 74.8% 16.1 2.6 2.5 2.8 67.2% 3.6 62.9% 15 2.8 57.8% 6.0 4.6 7.5 10 7.5 6.9 5 10.4 11.7 6.8 8.2 5

  55. Slide 55: cia

    —#£o/%-b+- cia

  56. Slide 56: —£2O-bF—

    —£2O-bF—

  57. Slide 57: cia

    ap —#£o/%-b+- cia

  58. Slide 58: 35,000 53.9 30,000 25,000 38.3 20,000 31.7 33,140 0 15,000 22,363 20 10,000 17,562

    35,000 53.9 60 30,000 50 25,000 38.3 40 20,000 31.7 33,140 30 15,000 22,363 20 10,000 17,562 10 5,000 0 0 12/3 13/3 14/3 ( )

  59. Slide 59: —£2O-bF—

    —£2O-bF—

  60. Slide 60: 2B ON

    2B ON = ——— ait HEM || yb ai ay EE W7 Ja $247 IEF eA GHB) ||) Sa7 (Tw) Pn BRA Tort || ee ||) (Om JL Hts = Laat GARR: SALI RAL) | | AEE HeRRAUL Its Ta }} | Hee ae BB ] WR - i _ WABR sy v- RR | RSE ERSALR RA Fle IMMER WER A AREER | 5 Level WER KER TiamRHAL 43-7 5,000 (1) RRAPAR RRA | Gat") ee, |_t |_|

  61. Slide 61: Slide 61

  62. Slide 62: she

    she 5sA— ap —Eo, eee ee ee ee ee ee een 90 L | 100

  63. Slide 63: —£2O-bF—

    —£2O-bF—

  64. Slide 64: EON

    EON

  65. Slide 65: EON

    EON

  66. Slide 66: EON

    EON

  67. Slide 67: EON

    EON

  68. Slide 68: —£2O-bF—

    —£2O-bF—

  69. Slide 69: (1) 13/3 14/3 13/3 14/3

    (1) 13/3 14/3 13/3 14/3

  70. Slide 70: EON

    EON E | SS ~~

  71. Slide 71: EON

    EON

  72. Slide 72: Underlying profit

    (1)(2) (1)(2) 13/3 14/3 13/3 14/3 (Underlying profit)

  73. Slide 73: 1,200 1,125 (1) 30.68

    1,200 346 800 1,125 400 779 360 140 0 (1) 1 30.68

  74. Slide 74: 100% 90% 22.1% 24.1% 28.0% 27.8% 29.8% 28.4% 30.3% 80% 36.6% 38.6% 70% 12.9%

    100% 90% 22.1% 24.1% 28.0% 27.8% 29.8% 28.4% 30.3% 80% 36.6% 38.6% 70% 12.9% 12.1% 10.6% 10.4% 10.4% 1.1% 1.3% 11.4% 10.1% 60% 1.1% 1.4% 1.9% 1.5% 1.2% 9.5% 8.8% 19.9% 0.7% 50% 1.6% 27.6% 29.5% 31.3% 32.6% 32.6% 40% 32.1% 30.4% 30.7% 30% 20% 44.0% 34.9% 28.2% 28.7% 27.4% 27.3% 25.9% 10% 22.7% 20.2%

  75. Slide 75: IR contact

    IR 050 3780 6930

Dai-ichi Life Holdings — FY2013 Earnings Presentation on 6ix