Taiyo Life Unaudited Non-Consolidated Balance Sheet
(Millions of yen) | |||
As of | As of | ||
March 31, 2023 | March 31, 2024 | ||
Assets: | |||
Cash and deposits | 566,442 | 538,841 | |
Cash | 47 | 28 | |
Deposit | 566,395 | 538,813 | |
Monetary claims purchased | 113,753 | 113,984 | |
Securities | 5,266,364 | 5,362,444 | |
Government bonds | 1,612,825 | 1,624,068 | |
Municipal bonds | 212,641 | 223,445 | |
Corporate bonds | 1,000,809 | 984,229 | |
Domestic stocks | 431,903 | 538,475 | |
Foreign securities | 1,891,662 | 1,848,877 | |
Other securities | 116,522 | 143,348 | |
Loans | 1,064,886 | 992,203 | |
Policy loans | 26,700 | 23,754 | |
Commercial loans | 1,038,185 | 968,449 | |
Tangible fixed assets | 229,321 | 223,156 | |
Land | 132,425 | 127,594 | |
Buildings | 90,658 | 88,394 | |
Lease assets | 1,609 | 1,680 | |
Construction in progress | 4,258 | 5,039 | |
Other tangible fixed assets | 368 | 447 | |
Intangible fixed assets | 10,436 | 11,100 | |
Software | 9,350 | 10,131 | |
Lease assets | 642 | 529 | |
Other intangible fixed assets | 443 | 439 | |
Reinsurance receivable | 19,829 | 18,137 | |
Other assets | 38,077 | 38,766 | |
Accounts receivable | 2,975 | 11,099 | |
Prepaid expenses | 2,653 | 2,334 | |
Accrued income | 21,996 | 18,390 | |
Deposit for rent | 566 | 717 | |
Derivatives | 7,485 | 8 | |
Cash collateral paid for financial instruments | 1,445 | 5,210 | |
Suspense payments | 251 | 213 | |
Other assets | 704 | 792 | |
Prepaid pension cost | 2,744 | 10,736 | |
Deferred tax assets | 44,375 | - | |
Reserve for possible loan losses | (1,478) | (1,520) | |
Total assets | 7,354,754 | 7,307,852 |
─ 1 ─ | Taiyo Life Insurance Company |
(Millions of yen) | |||
As of | As of | ||
March 31, 2023 | March 31, 2024 | ||
Liabilities: | |||
Policy reserves | 5,915,649 | 5,885,922 | |
Reserve for outstanding claims | 22,630 | 23,547 | |
Policy reserve | 5,870,966 | 5,839,533 | |
Reserve for policyholder dividends | 22,052 | 22,841 | |
Reinsurance payable | 167 | 130 | |
Other liabilities | 1,033,660 | 816,961 | |
Payables under securities lending transactions | 917,899 | 706,530 | |
Borrowings | 50,000 | 50,000 | |
Income taxes payable | 3,881 | 1,640 | |
Accounts payable | 1,398 | 1,189 | |
Accrued expenses | 12,822 | 14,053 | |
Unearned income | 884 | 737 | |
Deposit received | 595 | 877 | |
Guarantee deposits | 8,980 | 8,853 | |
Derivatives | 14,636 | 30,037 | |
Cash collateral received for financial | 19,696 | - | |
instruments | |||
Lease obligations | 2,533 | 2,503 | |
Suspense receipts | 328 | 535 | |
Other liabilities | 3 | 3 | |
Provision for bonuses to directors and audit & | 135 | 90 | |
supervisory board members | |||
Provision for employees' retirement benefits | 19,755 | 18,560 | |
Reserve for price fluctuations | 134,651 | 137,775 | |
Deferred tax liabilities | - | 24,833 | |
Deferred tax liabilities on land revaluation | 4,456 | 4,356 | |
Total liabilities | 7,108,475 | 6,888,630 | |
Net assets: | |||
Capital stock | 62,500 | 62,500 | |
Capital surplus | 62,500 | 62,500 | |
Capital reserve | 62,500 | - | |
Other capital surplus | - | 62,500 | |
Retained earnings | 78,799 | 62,667 | |
Other retained earnings | 78,799 | 62,667 | |
Provision for advanced depreciation on | 416 | 400 | |
real estate | |||
Unappropriated retained earnings | 78,383 | 62,266 | |
Total shareholders' equity | 203,799 | 187,667 | |
Valuation difference on available-for-sale | 79,110 | 253,187 | |
securities | |||
Deferred gains (losses) on hedging instruments | (2,374) | (2,221) | |
Revaluation reserve for land | (34,256) | (19,410) | |
Total valuation and translation adjustments | 42,479 | 231,554 | |
Total net assets | 246,278 | 419,221 | |
Total liabilities and net assets | 7,354,754 | 7,307,852 |
─ 2 ─ | Taiyo Life Insurance Company |
Taiyo Life Unaudited Non-Consolidated Statement of Operation
(Millions of yen) | |||
Year ended | Year ended | ||
March 31, 2023 | March 31, 2024 | ||
Ordinary revenues | 961,343 | 989,290 | |
Income from insurance premiums | 643,308 | 702,821 | |
Insurance premiums | 551,268 | 617,655 | |
Ceded reinsurance recoveries | 92,040 | 85,166 | |
Investment income | 214,741 | 233,094 | |
Interest, dividends and income from real estate | 160,817 | 147,589 | |
for rent | |||
Interest income from deposits | 1 | 0 | |
Interest income and dividends from securities | 135,831 | 121,385 | |
Interest income from loans | 9,679 | 10,341 | |
Interest from real estate for rent | 10,752 | 10,568 | |
Other income from interest and dividends | 4,552 | 5,294 | |
Gains on sales of securities | 46,241 | 72,920 | |
Gains on redemption of securities | 369 | - | |
Foreign exchange gains, net | 6,932 | 12,370 | |
Reversal of reserve for possible loan losses | 240 | - | |
Other investment income | 140 | 170 | |
Gains on separate accounts, net | - | 43 | |
Other ordinary income | 103,292 | 53,374 | |
Income related to withheld insurance claims and | 135 | 118 | |
other payments for future annuity payments | |||
Income due to withheld insurance payments | 17,194 | 10,808 | |
Reversal of policy reserves | 83,950 | 31,433 | |
Reversal of provision for employees' retirement | - | 9,187 | |
benefits | |||
Other ordinary income | 2,013 | 1,826 | |
Ordinary expenses | 913,198 | 933,976 | |
Insurance claims and other payments | 726,570 | 692,392 | |
Insurance claims | 195,100 | 98,904 | |
Annuity payments | 235,562 | 245,113 | |
Insurance benefits | 108,073 | 86,972 | |
Surrender payments | 92,314 | 199,850 | |
Other payments | 94,812 | 60,942 | |
Reinsurance premiums | 706 | 608 | |
Provision for policy and other reserves | 255 | 917 | |
Provision for reserve for outstanding claims | 254 | 916 | |
Interest portion of reserve for policyholder | 1 | 1 | |
dividends | |||
Investment expenses | 71,514 | 124,570 | |
Interest expenses | 1,011 | 726 | |
Losses on sales of securities | 15,614 | 46,052 | |
Devaluation losses on securities | 1,437 | 3,820 | |
Losses from derivatives, net | 46,197 | 65,291 | |
Provision for reserve for possible loan losses | - | 42 | |
Depreciation of real estate for rent | 3,664 | 3,682 | |
Other investment expenses | 3,585 | 4,953 | |
Losses on separate accounts, net | 4 | - | |
Operating expenses | 88,495 | 90,562 | |
Other ordinary expenses | 26,361 | 25,533 | |
Payments related to withheld insurance claims | 10,132 | 10,077 | |
Taxes | 7,711 | 7,690 | |
Depreciation | 6,248 | 5,526 | |
Provision for reserve for employees' retirement | 24 | - | |
benefits | |||
Other ordinary expenses | 2,244 | 2,238 | |
Ordinary profit (loss) | 48,144 | 55,314 |
─ 3 ─ | Taiyo Life Insurance Company |
(Millions of yen) | ||
Year ended | Year ended | |
March 31, 2023 | March 31, 2024 | |
Extraordinary gains | 1,271 | 9,805 |
Gains on disposal of fixed assets | 1,271 | 9,800 |
Other extraordinary gains | - | 5 |
Extraordinary losses | 4,026 | 3,871 |
Losses on disposal of fixed assets | 195 | 442 |
Impairment loss | 87 | 303 |
Provision for reserve for price fluctuations | 3,295 | 3,124 |
Devaluation losses on shares of subsidiaries | 447 | - |
and affiliates | ||
Provision for reserve for policyholder dividends | 10,847 | 13,606 |
Income before income taxes | 34,542 | 47,642 |
Current income taxes | 6,011 | 7,016 |
Deferred income taxes | 1,699 | 1,641 |
Total income taxes | 7,710 | 8,658 |
Net income (loss) | 26,832 | 38,983 |
─ 4 ─ | Taiyo Life Insurance Company |
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T&D Holdings Inc. published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:19:45 UTC.