Key Figures

The Company's key financial indicators are shown in the following graphs and data.
Click on the links below for a quick guide.

Policies-in-force / annualized premiums on policies-in-force

New policies / annualized premiums on new policies

European Embedded value (EEV)

  • EEV as of March 31 2016 is restated by changing extrapolation method of interest rates. 

Solvency margin ratio

Ordinary income

Ordinary profit (loss) before amortization of deferred assets under Article 113 of the Insurance Business Act.

  • Although the deferred assets recognized before fiscal 2012 were intended to be amortized using the straight-line method until fiscal 2017, the tenth year after business commencement, they were written off by one-time amortization in fiscal 2016. Lifenet regards ordinary profit (loss) before amortization of deferred assets under Article 113 of the Insurance Business Act as the effective ordinary profit (loss) .
  • From fiscal 2017: ordinary income.

Ordinary profit (loss)

  • Ordinary loss expanded in fiscal 2013 because newly incurred expenses can no longer be recognized as deferred assets under the Article 113 of the Insurance Business Act since fiscal 2012. Ordinary loss expanded in fiscal 2016  due to the one-time amortization.

Accounting Glossary of Life Insurance: Deferred assets under Article 113 of the Insurance Business Act

Fundamental profit

  • Fundamental profit worsened because newly incurred expenses can no longer be recognized as deferred assets under the Article 113 of the Insurance Business Act since fiscal 2012. Fundamental loss expanded in fiscal 2016  due to the one-time amortization.

Accounting Glossary of Life Insurance: Deferred assets under Article 113 of the Insurance Business Act