Investor Presentaiton slide image

Investor Presentaiton

Securing Positive Yields. NISSAY We have historically achieved positive investments spread though the latest figure decreased due mainly to increased hedging costs In addition to our investment strategy, we have controlled the guaranteed interest rate of some products to maintain a positive spread against the average assumed yield 3.50% 3.00% 2.50% Investment Spread¹ - Investment return on core operating profit Average assumed yield 2.59% Nippon Life Insurance Company Guaranteed Interest Rate of New Business 23 (non-consolidated) (non-consolidated) 3% 2.90% Level premium protection type product -Level premium saving type product Single premium whole life product 2.15% 2% 1.65% 2.29% 2.28% 2.26% 2.00% 2.13% 2.05% 1.95% 1% 1.83% 1.50% 0.00% FY2019 FY2020 Guaranteed interest rate for group annuities was lowered from 1.25% to 0.50% in policies in force from April 2023 FY2021 • Lowered from April 2022 in level premium saving type product ⚫. Raised from Jan 2023 in single premium whole life product 0% FY2022 FY1998 FY2003 FY2008 FY2013 FY2018 FY2023 - 23 1. 2. Investment spread (negative spread) = (investment return on core operating profit - average assumed yield) x general account policy reserves; non-consolidated basis Until the end of FY2016, the guaranteed interest rate of level premium products were the same 3. For the period from FY2014 to FY2017, the average assumed interest rates with different coverage periods are shown. 0.85% 0.60% 0.60% 25
View entire presentation