Investor Presentaiton
EEV Sensitivity: Dai-ichi Life Group (as of Mar-2016)
Dai-ichi Life
Holdings
(billions of yen)
Sensitivities (upper: change in value, lower: percentage)
Value of
Assumptions
Adjusted net worth
Value of in-force
business
New Business
492.3
50bp upward parallel shift in risk-free yield curve
11%
(1,384.7)
(30%)
1,877.1
40%
55.7
26%
(348.5)
817.8
(1,166.3)
(39.2)
50bp downward parallel shift in risk-free yield curve
(8%)
18%
(25%)
(18%)
(406.9)
(400.9)
(6.0)
(0.6)
10% decline in equity and real estate values
(9%)
(9%)
(0%)
(0%)
241.4
0.0
241.3
17.9
10% decline in maintenance expenses
5%
0%
5%
8%
181.4
0.2
181.2
25.6
10% decline in surrender and lapse rate
4%
0%
4%
12%
5% decline in mortality and morbidity rate for life insurance
products
202.6
2.1
200.5
10.0
4%
0%
4%
5%
(26.9)
(0.2)
(26.7)
(0.2)
5% decline in mortality and morbidity rate for annuities
(1%)
(0%)
(1%)
(0%)
80.5
3.4
77.0
4.2
Setting required capital at the statutory minimum level
2%
0%
2%
2%
25% increase in implied volatilities of equity and real estate
values
(35.2)
2.1
(37.4)
(1.0)
(1%)
0%
(1%)
(0%)
(21.0)
0.1
(21.2)
(0.6)
25% increase in implied volatilities of swaptions
(0%)
0%
(0%)
(0%)
Dai-ichi Life Group EEV
4,646.1
Please refer to "Disclosure of European Embedded Value as of March 2016" released on May 19, 2016 for details.
216.1
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