Lifenet Insurance CompanyTSE: 7157

Presentation Material for Investors Second Quarter for Fiscal 2021

· Issued by Lifenet Insurance Company

Securities Code: 7157 TSE Mothers

Presentation

Material for

Investors

Second Quarter

for Fiscal 2021

November 10, 2021

LIFENET is...

Comprehensible

Cost-Competitive

Convenient

  • Remembering the original purpose of life insurance - mutual support
  • Helping our customers embrace life more fully

1

Table of Contents

  1. Results for 2Q of Fiscal 2021
  2. Future Initiatives

2

Overview of 1H for Fiscal 2021

Annualized premium1 of

policies-in-force

20,231 million yen

(108.1% vs. end of FY2020)

Annualized premium1 of

new business

2,174 million yen

(Y-on-Y100.7%)

EEV2 (European Embedded Value)

112,104 million yen

(117.8% vs. end of FY2020)

Adjusted incremental EV3

3,439 million yen

(Y-on-Y76.5%)

Notable Achievements

Expanded the

Transformation to

Raised new capital

White Label business

an online platform

for future growth

1.

The amount of money equivalent to what is to be paid to have the insurance coverage for one year. All payments are monthly installments, thus the annualized

premium is calculated as multiplying the monthly premium by 12 months.

2.

EEV as of September 30, 2021 is calculated by updating the operating assumptions used for June 30, 2021, and has not been reviewed by third-party specialists.

3

3.

Adjusted incremental EV consisted of components adequately reflecting our business growth for fiscal 2021, see page 16 and 41 for details.

2017/09 '18/09 '19/09 '20/09 '21/09 （YY/MM）

Annualized Premium /

Number of Policies-in-Force

: Annualized premium of policies-in-force1 (JPY billions)

: Number of policies-in-force

20.2

11.9

10.4

283,207

248,635

14.2

334,528

17.2

476,906

405,403

◼ Exceeded JPY20bn

in annualized

premium

  • Year-on-yearannualized premium 117.4%,
    number of policies- in-force117.6%

1. The amount of money equivalent to what is to be paid to have the insurance coverage for one year. All payments are monthly installments, thus the annualized

4

premium is calculated as multiplying the monthly premium by 12 months.

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