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%
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