Taiyo Life Unaudited Non-Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025 | As of December 31, 2025 | |
Assets: | ||
Cash and deposits | 232,123 | 118,865 |
Cash | 29 | 26 |
Deposit | 232,094 | 118,839 |
Call loans | - | 90,000 |
Monetary claims purchased | 100,261 | 101,955 |
Securities | 5,164,367 | 5,268,751 |
Government bonds | 1,773,993 | 1,830,746 |
Municipal bonds | 197,986 | 170,248 |
Corporate bonds | 949,283 | 937,059 |
Domestic stocks | 450,101 | 486,281 |
Foreign securities | 1,662,223 | 1,701,061 |
Other securities | 130,778 | 143,353 |
Loans | 890,302 | 830,663 |
Policy loans | 21,312 | 19,628 |
Commercial loans | 868,990 | 811,035 |
Tangible fixed assets | 217,127 | 213,134 |
Land | 127,635 | 127,131 |
Buildings | 85,399 | 82,606 |
Lease assets | 3,636 | 2,966 |
Construction in progress | - | 28 |
Other tangible fixed assets | 456 | 401 |
Intangible fixed assets | 13,445 | 13,607 |
Software | 12,524 | 12,840 |
Lease assets | 485 | 334 |
Other intangible fixed assets | 435 | 432 |
Reinsurance receivable | 18,081 | 172,904 |
Other assets | 45,757 | 31,482 |
Accounts receivable | 4,438 | 4,745 |
Prepaid expenses | 4,441 | 6,291 |
Accrued income | 18,390 | 14,460 |
Deposit for rent | 1,213 | 1,280 |
Derivatives | 14,532 | 1,120 |
Cash collateral paid for financial instruments | 1,298 | 2,336 |
Suspense payments | 609 | 392 |
Other assets | 833 | 855 |
Prepaid pension cost | 10,062 | 12,350 |
Deferred tax assets | 2,563 | - |
Reserve for possible loan losses | (1,489) | (1,343) |
Total assets | 6,692,604 | 6,852,370 |
(Millions of yen)
As of March 31, 2025 | As of December 31, 2025 | |
Liabilities: | ||
Policy reserves | 5,199,904 | 5,249,258 |
Reserve for outstanding claims | 24,666 | 23,171 |
Policy reserve | 5,151,690 | 5,201,036 |
Reserve for policyholder dividends | 23,546 | 25,050 |
Reinsurance payable | 97 | 79 |
Other liabilities | 954,135 | 933,115 |
Payables under securities lending transactions | 849,918 | 826,078 |
Borrowings | 50,000 | 50,000 |
Income taxes payable | 11,014 | 4,500 |
Accounts payable | 2,001 | 1,565 |
Accrued expenses | 14,138 | 11,692 |
Unearned income | 778 | 796 |
Deposit received | 643 | 2,430 |
Guarantee deposits | 8,480 | 8,688 |
Derivatives | 5,650 | 22,354 |
Cash collateral received for financial instruments | 6,006 | 128 |
Lease obligations | 4,699 | 3,820 |
Suspense receipts | 802 | 1,057 |
Other liabilities | 3 | 3 |
Provision for bonuses to directors and audit & supervisory board members | 124 | 109 |
Provision for employees' retirement benefits | 19,748 | 20,024 |
Reserve for price fluctuations | 140,669 | 142,791 |
Deferred tax liabilities | - | 41,451 |
Deferred tax liabilities on land revaluation | 4,470 | 4,406 |
Total liabilities | 6,319,150 | 6,391,235 |
Net assets: | ||
Capital stock | 62,500 | 62,500 |
Capital surplus | 62,500 | 57,500 |
Capital reserve | - | 1,000 |
Other capital surplus | 62,500 | 56,500 |
Retained earnings | 71,963 | 59,325 |
Legal retained earnings | 5,827 | 16,396 |
Other retained earnings | 66,136 | 42,929 |
Provision for advanced depreciation on real estate | 380 | 369 |
Unappropriated retained earnings | 65,755 | 42,559 |
Total shareholders' equity | 196,963 | 179,325 |
Valuation difference on available-for-sale securities | 184,657 | 289,971 |
Deferred gains (losses) on hedging instruments | (2,042) | (1,929) |
Revaluation reserve for land | (6,124) | (6,232) |
Total valuation and translation adjustments | 176,489 | 281,809 |
Total net assets | 373,453 | 461,134 |
Total liabilities and net assets | 6,692,604 | 6,852,370 |
Taiyo Life Unaudited Non-Consolidated Statement of Operation
(Millions of yen)
Nine months ended December 31, 2024 | Nine months ended December 31, 2025 | |
Ordinary revenues | 804,936 | 968,273 |
Income from insurance premiums | 636,460 | 761,228 |
Insurance premiums | 574,013 | 516,013 |
Ceded reinsurance recoveries | 62,447 | 245,215 |
Investment income | 156,188 | 193,119 |
Interest, dividends and income from real estate for rent | 110,908 | 122,654 |
Interest income from deposits | 0 | 35 |
Interest income and dividends from securities | 93,674 | 105,857 |
Interest income from loans | 7,477 | 7,368 |
Interest from real estate for rent | 7,540 | 7,874 |
Other income from interest and dividends | 2,215 | 1,518 |
Gains on sales of securities | 40,224 | 64,359 |
Foreign exchange gains, net | 5,013 | 5,907 |
Reversal of reserve for possible loan losses | 3 | 145 |
Other investment income | 26 | 17 |
Gains on separate accounts, net | 11 | 35 |
Other ordinary revenues | 12,287 | 13,925 |
Income related to withheld insurance claims and other payments for future annuity payments | 82 | 138 |
Income due to withheld insurance payments | 9,092 | 8,842 |
Reversal of reserve for outstanding claims | 953 | 1,495 |
Reversal of provision for employees' retirement benefits | 729 | 2,052 |
Other ordinary revenues | 1,429 | 1,396 |
Ordinary expenses | 748,057 | 900,769 |
Insurance claims and other payments | 586,541 | 668,728 |
Insurance claims | 58,648 | 61,341 |
Annuity payments | 202,355 | 200,703 |
Insurance benefits | 66,775 | 69,368 |
Surrender payments | 184,659 | 263,815 |
Other payments | 73,754 | 73,259 |
Reinsurance premiums | 347 | 240 |
Provision for policy reserves | 10,268 | 49,346 |
Provision for policy reserve | 10,267 | 49,345 |
Interest portion of reserve for policyholder dividends | 0 | 0 |
Investment expenses | 57,208 | 86,090 |
Interest expenses | 1,017 | 3,798 |
Losses on sales of securities | 20,836 | 58,110 |
Devaluation losses on securities | 380 | 95 |
Losses from derivatives, net | 29,196 | 16,596 |
Depreciation of real estate for rent | 2,687 | 2,707 |
Other investment expenses | 3,090 | 4,782 |
Operating expenses | 72,911 | 73,233 |
Other ordinary expenses | 21,127 | 23,370 |
Payments related to withheld insurance claims | 8,143 | 9,970 |
Taxes | 6,939 | 6,774 |
Depreciation | 4,326 | 4,771 |
Other ordinary expenses | 1,717 | 1,854 |
Ordinary profit (loss) | 56,879 | 67,504 |
(Millions of yen)
Nine months ended December 31, 2024 | Nine months ended December 31, 2025 | |
Extraordinary gains | 3,177 | 936 |
Gains on disposal of fixed assets | 2,689 | 936 |
Gain on sale of shares of subsidiaries and associates | 488 | - |
Extraordinary losses | 2,996 | 2,530 |
Losses on disposal of fixed assets | 372 | 10 |
Impairment loss | 353 | 398 |
Provision for reserve for price fluctuations | 2,270 | 2,121 |
Provision for reserve for policyholder dividends | 9,863 | 10,141 |
Profit before income taxes | 47,196 | 55,769 |
Current income taxes | 12,323 | 14,355 |
Deferred income taxes | (1,042) | 1,318 |
Total income taxes | 11,281 | 15,674 |
Profit (loss) | 35,915 | 40,095 |
- Taiyo Life Insurance Company