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Investor Presentaiton

Strategies of Global Insurance Business NISSAY Nippon Life Insurance Company We plan to further strengthen the existing businesses and enhance earnings by supporting each company's management strategy, expanding profitability of the existing businesses while considering new investments in advanced economies such as Resolution Life Major Global Subsidiaries and Affiliates Percentages indicate voting rights held: majority investment shown in blue Resolution Life1 (22%) Great Wall Changsheng Life Insurance Co., Ltd. (29%) Grand Guardian Nippon Life Insurance Co., Ltd. (35%) Strengthen sales by establishing a main channel to grasp market growth and product development Bangkok Life Assurance Limited (24%) Further strengthen bancassurance channels and expand agency channels Nippon Life Insurance Company of America (97%) Enhance business strategies by product and initiatives for further customer satisfaction Reliance Nippon Life Insurance Company Limited (49%) PT Asuransi Jiwa Sequis Life (20%²) MLC Limited (80%) Expand Profitability of the Existing Business MLC Realize stable and expanding earnings by steadily pursing the three-year management plan Sequis Life Expand production through growth in agency channel Reliance Nippon Life Expand production and improve earnings by strengthening the in-house channel Great Wall Changsheng Life Improve productions and earnings while realizing financial soundness by shifting into protection-type products New Investment Mainly in Advanced Economies Resolution Life Capture active and growing market with global liability management platforms Additional investment has been completed; Resolution Life joined our group as its consequence in October 2023. ■New projects expected with additional capital Improved investment capabilities through collaboration with Blackstone 1. 2. Resolution Life is a global insurance group focusing on the acquisition and management of life insurance policies, which is expected to become affiliate after additional investment The percentage of voting rights shown is that held by our equity-method affiliate, PT Sequis 19
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