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Investor Presentaiton

Dai-ichi Life's Results - General Account Assets (iii) Profile of Bonds Yen-denominated Bonds (1) Dai-ichi Life Holdings Domestic Government Bonds (2) by Maturity (Mar-17) Government/Municipal bonds 8 7.3 (trillions of yen) (trillions of yen) ■ Corporate bonds 20 20 16.6 16.2 6 4.8 15 2.6 2.5 4 10 2 14.0 13.6 0.9 5 0.3 0.0 0.1 0.2 0 0 Up to 1-3 3-5 5-7 7-10 10-20 Over Mar-16 Mar-17 1 year years years years years years 20 years Foreign Currency Bond Portfolio (2) (3) (Mar-17) Foreign Currency Bonds by Currency (2) BB & No 100% 7.6% 9.6% Others Rating 10.2% 11.7% 12.5% 6.4% 4.8% 0.1% 3% 4.2% Mortga ge etc. 4.2% 4.8% 3.4% ■ Others Gover [0.1%] BBB [1%] 8.9% 9.0% 8.2% 8.2% 75% 24% nment/ 16% AAA 25.6% ■ GBP munici [16%] 21.6% [17%] 39% 35.6% 32.0% 27.4% pal Corpor bonds [36%] 50% ■ AUD ate 47% 25% bonds [52%] [21%] AA ■ EUR 29% 18% 56.2% 54.2% 25% [31%] [25%] 41.1% 44.7% 47.9% □ USD (1) Book value - basis 0% T T (2) Carrying amount-basis Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 (3) Ratings are medium revaluation between S&P & Moody's, excluding mortgage etc. 45
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