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Investor Presentaiton

Dai-ichi Life General Account Assets (2) Duration of Fixed Income Assets Maturity Profile of Domestic Bonds (3) Dai-ichi Life Holdings 20 (years) 18 16 14 1.4% 3.8% 9.0% 6.4% 4.6% 4.2% 5.6% 5.8% 3.5% 4.1% 4.0% 3.6% 4.2% 1.7% 2.2% 4.3% 3.8% 4.3% 3.7% 2.8% 2.3% 1.5% 4.3% 6.1% 8.3% 3:6% 2.5% २०/- Up to 1 year 1 - 3 years 3-5 years 5-7 years 7 - 10 years 12 Assets Liabilities 5.3% 10 12.7% Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 (trillions of yen) Yen and Currency-hedged Foreign Bonds (1) Hedged foreign bonds (available-for-sale) Yen-denominated bonds other than PRMB (2) Policy-reserve-matching yen bonds (PRMB) 21.8 Over 83.2% 82.7% 79.8% 81.6% 20 18.4 19.1 19.2 19.9 20.3 74.8% 10 years 2.6 2.5 2.8 3.4 3.6 5.5 67.2% 15 6.0 4.6 4.4 4.6 4.2 7.5 10 5 10.4 11.7 11.9 12.0 12.0 8.2 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 123 (2) (3) Represents yen-denominated bonds and foreign bonds with currency hedges in the company's general account. The balance is shown on an amortized cost basis. PRMB is a unique category for bonds, accepted under Japanese GAAP. PRMB is reported at amortized cost if the bonds meet certain requirements. Represents domestic bonds in the company's general account. The balance is shown on a fair value basis. 44
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