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Financial Highlight

Sony Life (Non-consolidated)

Highlights of Operating Performance for FY2017 (fiscal year ended Mar. 31, 2018)

  • Ordinary revenues increased but ordinary profit decreased year on year.
  • Income from insurance premiums increased owing to a steady rise in the policy amount in force.
  • Investment income decreased due to a decrease in gains on foreign exchange which turned into losses in FY2017.
  • Ordinary profit decreased due to a higher provision of policy reserve relating to the acquisition of new policies reflecting a revision in the standard yields used for calculating policy reserves and lower gains on sale of securities in the general account. On the other hand, gains/losses related to market fluctuations for variable life insurance* improved year on year, which partially offset the negative impact of the above-mentioned decreases in ordinary profit.

*Total of (a) the provision of policy reserves for minimum guarantees for variable life insurance according to market fluctuations and (b) net gains/losses on derivative transactions to hedge market risks for the products

  • Income from insurance premiums
  • New Policy Amount and Number of New Policies (Individual life insurance + Individual annuities)
  • Core Profit
  • Policy amount in force and number of policies in force (Individual life insurance + Individual annuities)
2014 2015 2016 2017 2018
For the years ended March 31
Income from insurance premiums (Billions of yen) 960.9 914.0 1,028.0 956.7 1,059.2
New policy amount (Billions of yen) 3,889.3 4,771.6 5,151.3 4,957.5 5,287.9
Number of new policies (10,000 policies) 53.3 60.6 62.9 51.3 54.0
Core profit (Billions of yen) 72.3 76.5 43.0 83.8 81.3
As of March 31
Policy amount in force (Trillions of yen) 39.0 40.9 43.1 45.3 47.2
Number of policies in force (10,000 policies) 633 667 704 730 756

* Figures less than the indicated unit have been truncated.

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