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Investor Presentaiton

Dai-ichi Life's Results - Sensitivities to Financial Markets 22 (1) (2) Dai-ichi Life Holdings Sensitivities (1) Nikkei 225 1,000 yen change: Domestic stocks Domestic bonds March 2017: ±170 billion yen (March 2016: ±170 billion yen) 10-year JGB Yield 10bp change: March 2017: ± 260 billion yen (March 2016: ±290 billion yen) * Available-for-sale securities: March 2017: ± 30 billion yen (March 2016: ±40 billion yen) * Breakeven Points (2) Nikkei 225 March 2017: 9,400 yen (March 2016: 9,400 yen) 10-year JGB Yield March 2017: 1.3%* (March 2016: 1.3%) Available-for-sale securities: March 2017: 1.4% (March 2016: 1.4%) Foreign securities JPY/USD 1 yen change: March 2017: ± 21 billion yen (March 2016: ±29 billion yen) Sensitivities indicate the impact of fluctuations in the market value of related assets. JPY/USD = 105 yen March 2017: $1 (March 2016: 103 yen) Breakeven points indicate assumptions when unrealized gains or losses of the related assets would be zero. Figures for foreign securities are calculated for foreign exchange factors only, based on the JPY/USD exchange rate (assuming all are in USD). 46
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