Summary of FY2011 1H results
| Annualized premiums (ANP) |
| | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 1H | | ANP of in-force policies | 347.8 | 363.5 | 382.5 | 396.7 | 402.1 | | ANP of new policies | 36.6 | 43.1 | 49.6 | 50.7 | 22.7 |
Annualized premiums for in-force policies increased by 1.4% compared with the end of FY2010 to 402.1 billion yen as a result of a steady growth in number of in-force policies in line with the favorable sales growth in the third-sector products such as medical and cancer insurance, despite a 3.5% decrease YoY in annualized premiums for new policies as a result of product renovation for the first-sector products aiming at profitability improvement.
| | FY2006 | FY2007 | FY2008 | FY2009 | FY2010 | | EV at the end of the fiscal year | 335.2 | 364.3 | 358.3 | 390.6 | 439.8 | | Change in EV* | 30.4 | 29.1 | -6.0 | 32.2 | 49.2 |
*Excluding the effects of capital increases
Embedded value (EV), the profit indicator, as at the end of FY2010 increased to 439.8 billion yen, up 49.2 billion yen YoY supported mainly by the increase of annualized premiums for new policies and the achievement of higher operating efficiency.
(Note: The EV balance is disclosed at the end of the fiscal year only.)
On a financial accounting basis, net interim income decreased by 1.9 billion yen YoY to 5.5 billion yen as at the end of 1H of FY2011, after an additional provision for standard underwriting reserve to maintain 100% reserve ratio achieved in FY2010. (Net interim income would have increased YoY excluding the effect of additional provision.)
（unit：million yen, unless otherwise specified）
| | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 1H | | Ordinary income | 468,679 | 499,980 | 523,105 | 553,402 | 271,897 | | Ordinary profit | 6,025 | 5,555 | 6,895 | 19,404 | 12,292 | | Core operating profit | 427 | 522 | 5,108 | 14,466 | 12,862 | | Net income | 0 | 0 | 0 | 5,223 | 5,545 | | Common stock | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | | Total assets | 2,504,394 | 3,082,450 | 3,305,685 | 3,727,869 | 3,658,945 | | (Separate accounts) | - | - | - | - | - | | Underwriting reserves | 2,165,615 | 2,386,887 | 2,606,578 | 2,778,004 | 2,860,992 | | Loans | 42,240 | 48,667 | 53,750 | 58,551 | 60,160 | | Securities | 1,996,088 | 2,621,814 | 3,039,132 | 3,323,246 | 3,323,664 | | Solvency margin ratio | 2,766.7% | 2,613.4% | 2,584.3% | 2,812.0% | 3,219.8% | | Number of employees | 1,918 | 2,017 | 2,177 | 2,272 | - |
| Total policy amount in force and new policy amount | （unit：billion yen ）
| | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 1H | | Total policy amount in force | | | | | | | Individual insurance | 13,756.8 | 14,909.7 | 16,341.1 | 17,586.3 | 18,016.1 | | Individual annuities | 982.9 | 1,004.6 | 1,023.0 | 1,021.0 | 1,029.3 | | Group insurance | 3,258.0 | 3,160.1 | 3,105.7 | 2,979.9 | 2,997.1 | | Group annuities | 8.3 | 7.3 | 6.1 | 5.4 | 5.0 | | New policy amount | | | | | | | Individual insurance | 2,046.2 | 2,388.1 | 2,773.1 | 2,658.6 | 1,138.8 | | Individual annuities | 60.4 | 61.9 | 64.6 | 103.5 | 54.5 | | Group insurance | 57.1 | 55.9 | 62.6 | 19.5 | 17.9 | | Group annuities | - | - | - | - | - |
Download of All Financial Data of Tokio Marine & Nichido Life
Business Highlights of Former Tokio Marine Life | Major benchmark figures | (Unit: million yen) |
| | FY98 | FY99 | FY00 | FY01 | FY02 | | Ordinary revenues | 120,620 | 148,205 | 193,075 | 249,757 | 447,342 | | Ordinary profit | 10,722 | 4,263 | 5,696 | 8,695 | 27,463 | | Core profit | | | 7,258 | 10,142 | 8,259 | | Net income | -2,150 | -324 | 0 | 0 | -966 | | Common stock | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | | Total assets | 186,014 | 284,595 | 458,802 | 657,063 | 1,161,038 | | (Separate accounts) | - | - | - | - | - | | Policy reserves | 151478 | 245,752 | 362,194 | 522,780 | 834,814 | | Loans | 881 | 2,323 | 4,409 | 7,632 | 11,956 | | Securities | 152,399 | 253,192 | 370,087 | 504,570 | 1,010,865 | | Solvency margin ratio | 1800.7% | 1950.0% | 1744.0% | 1850.4% | 1917.8% | | Number of employees | 444 | 530 | 575 | 650 | 805 |
| Sum insured of in-force and new policies | (Unit: billion yen) |
| | FY98 | FY99 | FY00 | FY01 | FY02 | | Sum insured of in-force policies | | | | | | | Individual insurance | 3,277.8 | 4,561.9 | 5,919.7 | 6,588.6 | 7,428.0 | | Individual annuities | 114.8 | 133 | 142.9 | 142.7 | 366.4 | | Group insurance | 980.5 | 1,222.8 | 1,606.0 | 2,287.7 | 2,766.7 | | Group annuities | 22.5 | 28.4 | 18.4 | 18 | 15.3 | | Sum insured of new policies | | | | | | | Individual insurance | 1,596.0 | 1,551.7 | 1,728.9 | 1,156.1 | 1,443.2 | | Individual annuities | 43.6 | 27 | 20.1 | 9.6 | 234.3 | | Group insurance | 234.5 | 236 | 224.1 | 424.9 | 313 | | Group annuities | 0.4 | 0 | 0 | 0.4 | - |
Business Highlights of Former Nichido Life | Major benchmark figures | (Unit: million yen) |
| | FY98 | FY99 | FY00 | FY01 | FY02 | | Ordinary revenues | 23,222 | 27,464 | 31,969 | 32,219 | 43,933 | | Ordinary profit | 181 | 324 | 871 | 831 | 1,100 | | Core profit | - | - | 880 | 833 | -489 | | Net income | 0 | 0 | 436 | 0 | 0 | | Common stock | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | | Total assets | 38,506 | 56,130 | 87,039 | 101,159 | 130,336 | | (Separate accounts) | - | - | - | - | - | | Policy reserves | 27635 | 44,980 | 64,389 | 81,641 | 107,955 | | Loans | 243 | 711 | 1,315 | 1,983 | 2,713 | | Securities | 30,205 | 47,603 | 76,322 | 87,153 | 114,050 | | Solvency margin ratio | 4730.3% | 3450.8% | 1985.9% | 1867.8% | 2281.5% | | Number of employees | 100 | 106 | 106 | 103 | 110 |
| Sum insured of in-force and new policies | (Unit: billion yen) |
| | FY98 | FY99 | FY00 | FY01 | FY02 | | Sum insured of in-force policies | | | | | | | Individual insurance | 780.7 | 972.6 | 1,133.3 | 1,227.5 | 1,295.2 | | Individual annuities | 25.1 | 29.8 | 31.8 | 31.3 | 35.2 | | Group insurance | 155.3 | 180.2 | 201.1 | 209.5 | 215 | | Group annuities | - | - | - | - | - | | Sum insured of new policies | | | | | | | Individual insurance | 351.2 | 277.9 | 285.1 | 239.6 | 222.5 | | Individual annuities | 11.6 | 6.9 | 5 | 2.8 | 6.6 | | Group insurance | 26.1 | 31.9 | 15.6 | 15.7 | 24 | | Group annuities | - | - | - | - | - |
|
