FY2007 Financial Results FY2007 Financial Results & FY2008 - - PowerPoint PPT Presentation

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FY2007 Financial Results FY2007 Financial Results & FY2008 Management Policy FY2008 Management Policy Aioi Insurance Company, Limited Aioi Insurance Company, Limited May 29, 2008 May 29, 2008 Table of Contents Table of Contents I. I.

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SLIDE 1

FY2007 Financial Results FY2007 Financial Results & FY2008 Management Policy FY2008 Management Policy Aioi Insurance Company, Limited Aioi Insurance Company, Limited

May 29, 2008 May 29, 2008

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SLIDE 2

Table of Contents Table of Contents

I. I. FY2007 Financial FY2007 Financial Summary Summary

  • 1. Key Financial Highlight
  • 1. Key Financial Highlights

(1) Aioi Insurance Co., Ltd (1) Aioi Insurance Co., Ltd (2) Consolidated Financial Re (2) Consolidated Financial Results sults

  • 2. Return to Shareholders
  • 2. Return to Shareholders

II. FY2008 Managem Y2008 Management nt Poli Policy cy

  • 1. Basic
  • 1. Basic

Strategy trategy

  • 2. Revenue Base
  • 2. Revenue Base

(1) Auto Insurance (Domestic) (1) Auto Insurance (Domestic) (2) Auto Insurance (Overseas) (2) Auto Insurance (Overseas) (3) Long-Te (3) Long-Term Fire Insurance m Fire Insurance (4) Cross S (4) Cross Selling lling

  • 3. Profit Base
  • 3. Profit Base

(1) Insurance Business (1) Insurance Business (2) Invest (2) Investment Stra ment Strategy tegy (3) Group Co (3) Group Companies’ mpanies’ Business Business

  • 4. FY2008 Busines
  • 4. FY2008 Business Plan

Plan <Supplementa <Supplementary Informa ry Information> ion> Co Corpo rporate Refo ate Reforms rms 1 3 4 5 6 7 8 9 10 10 11 11 13 13 15 15 16 16

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SLIDE 3
  • I. FY2007 Financial Summary
  • I. FY2007 Financial Summary
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SLIDE 4

E/I Loss Ratio of Auto Insurance 63.1% (-0.6P from FY2006）

1

  • 1. Key Financial Highlights
  • 1. Key Financial Highlights (1) Aioi Insurance Co., Ltd.

(1) Aioi Insurance Co., Ltd.

Re Reve venue nue growth co

  • wth continued ma

ntinued mainl inly d due to e to auto insurance growth de auto insurance growth despite spite slow sale low sales activitie activities due to the pr due to the priori ioritiz tizing of corporat ng of corporate e re refo forms. s. Und Underwritin ting p prof

  • fit

it subst substantially ntially i increas ased ed due due to fewer na to fewer natural tural cata atastro trophes, di phes, disa saste sters, s, and othe and other ac r accidents. cidents. Inve Investment stment income income decrea decreased ma sed mainly due to inly due to unrealize unrealized lo loss of ss of sub subprime rela prime related ted inve invest stment

  • ments. Ri
  • s. Risk expo

sk exposure of subpri sure of subprime me rela elate ted investments s d investments substanti bstantially decrea decreased. As a resul a result, ordinar

  • rdinary profi

profit and net income and net income dec decrea rease sed. d. So Solv lven ency ma cy marg rgin in ra ratio re rema main ined a at a a h high gh le level vel

  • f 862.6%.

f 862.6%. Re Reve venue nue growth co

  • wth continued ma

ntinued mainl inly d due to e to auto insurance growth de auto insurance growth despite spite slow sale low sales activitie activities due to the pr due to the priori ioritiz tizing of corporat ng of corporate e re refo forms. s. Und Underwritin ting p prof

  • fit

it subst substantially ntially i increas ased ed due due to fewer na to fewer natural tural cata atastro trophes, di phes, disa saste sters, s, and othe and other ac r accidents. cidents. Inve Investment stment income income decrea decreased ma sed mainly due to inly due to unrealize unrealized lo loss of ss of sub subprime rela rime related ted inve invest stment

  • ments. Ri
  • s. Risk expo

sk exposure of subpri sure of subprime me rela late ted investments s d investments substanti bstantially decrea decreased. As a resul a result, ordinar

  • rdinary profi

profit and net income and net income dec decrea ease sed. d. So Solv lven ency ma cy marg rgin in ra ratio re rema main ined a at a a h high gh le level vel

  • f 862.6%.

f 862.6%.

Increase Ratio of Net Premiums Written FY2006 FY2007 Auto 1.7% 0.1% Fire 7.2%

  • 1.7%

Personal Accident

  • 0.1%
  • 2.7%

Others 4.3% 4.6% Net Loss Ratio by Class of Business FY2006 FY2007 Auto 61.6% 63.3% Fire 44.2% 37.3% Personal Accident 41.0% 45.7% Others 90.2% 80.0%

Ove Overview of FY2007 Financial Resul view of FY2007 Financial Results Ove Overview of FY2007 Financial Resul view of FY2007 Financial Results

FY2006 FY2007 Change Ratio 888.2 871.7

  • 16.4
  • 1.9%

851.2 851.8 0.6 0.1% 1.0 10.2 9.2 902.4% 2.0% 0.1%

  • 1.9P

62.4% 62.2%

  • 0.2P

32.7% 33.3% 0.6P 51.2 81.8 30.6 59.8% 35.0 0.0

  • 35.0
  • 100.0%

29.8 4.4

  • 25.3
  • 85.1%

18.8 7.1

  • 11.7
  • 62.0%

1030.4% 862.6%

  • 167.8P

Insura rance ce Un Underwri riti ting Interest/Dividend Income In Invest stme ments Ra Ratios Direct Premiums Written Net Premiums Written Net Loss Ratio Net Expense Ratio Underwriting Profit Net Premium Growth Solvency Margin Ratio Investment Income Net Income Ordinary Profit <Note> Unit: Billions of Yen All amounts are truncated. All figures rounded to one decimal place. Net loss ratios include loss adjustment expense.

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SLIDE 5

2

  • 1. Key Financial Highlights (1
  • 1. Key Financial Highlights (1) Aioi Insurance Co., Ltd.

) Aioi Insurance Co., Ltd.

Invest vestment Position ment Position

  • f Se
  • f Securitized

curitized Products Products Invest vestment Position ment Position

  • f Se
  • f Securitized

curitized Products Products

More than 80% of the securit More than 80% of the securities were were dome domest stic ic rela late

  • ted. Ta
  • d. Taking c

king credi edit standings into account, standings into account, risk o risk of the securi the securitie ties wa was li s limi mite ted. d.

  • The percentage of se

The percentage of securit curities in inve s in investe sted a assets wa s was s 3.3%. 3.3%.

  • Unrealized lo

Unrealized loss wa ss was 1.6 billion s 1.6 billion ye yen. n.

  • The a

The amount of oversea mount of overseas rela related investment ma ted investment made de up 12.1 billion yen of up 12.1 billion yen of the to the tota tal a l amount of invested mount of invested assets of 75.8 bill assets of 75.8 billio ion yen. Unrealized lo n yen. Unrealized loss wa was 1.6 s 1.6 billion yen. illion yen. More than 80% of the securit More than 80% of the securities were were dome domest stic ic rela late

  • ted. Ta
  • d. Taking c

king credi edit standings into account, standings into account, risk o risk of the securi the securitie ties wa was li s limi mite ted. d.

  • The percentage of se

The percentage of securit curities in inve s in investe sted a assets wa s was s 3.3%. 3.3%.

  • Unrealized lo

Unrealized loss wa ss was 1.6 billion s 1.6 billion ye yen. n.

  • The a

The amount of oversea

  • unt of overseas rela

related investment ma ted investment made de up 12.1 billion yen of up 12.1 billion yen of the to the tota tal a l amount of invested

  • unt of invested

assets of 75.8 bill assets of 75.8 billio ion yen. Unrealized lo n yen. Unrealized loss wa was 1.6 s 1.6 billion yen. llion yen. Inve Investment in Sec stment in Securitie rities Ri Risk exposur sk exposure

  • f subprime rela
  • f subprime related inve

ted investments stments substan bstantial ially decrease ased

  • The notional amount of ABS-C
  • The notional amount of ABS-CDOs, w

s, which ich part partia ially cont lly contain sub ain subprime prime rela related loan ted loans, gr s, grea eatly tly dec decrea eased in FY20 sed in FY2007.

  • Unrealize
  • Unrealized lo

d loss of A ss of ABS-CDOs wa S-CDOs was 4 s 40.9 b .9 billion yen, illion yen, and the lo and the loss o

  • f credi

credit derivat derivatives wa ves was 4 s 43.4 bi .4 bill llion ion yen. yen.

  • The to
  • The tota

tal amount of ABS-CDOs grea l amount of ABS-CDOs greatly decrea tly decreased sed to 12.7 billion to 12.7 billion yen. yen.

  • The amount of o
  • The amount of oversea

erseas rela related i ted investments wa vestments was s 84.6 billion 84.6 billion yen yen.( AB ( ABS-CDOs CDOs 53.6 billion 53.6 billion ye yen and n and Corpora Corporate-CDOs 31.0 bi CDOs 31.0 bill llion ion yen) yen) Ri Risk exposur sk exposure

  • f subprime rela
  • f subprime related inve

ted investments stments substan bstantial ially decrease ased

  • The notional amount of ABS-C
  • The notional amount of ABS-CDOs, w

s, which ich part partia ially cont lly contain sub ain subprime prime rela related loan ted loans, gr s, grea eatly tly dec decrea eased in FY20 sed in FY2007.

  • Unrealize
  • Unrealized lo

d loss of A ss of ABS-CDOs wa S-CDOs was 4 s 40.9 b .9 billion yen, illion yen, and the lo and the loss o

  • f credi

credit derivat derivatives wa ves was 4 s 43.4 bi .4 bill llion ion yen. yen.

  • The to
  • The tota

tal amount of ABS-CDOs grea l amount of ABS-CDOs greatly decrea tly decreased sed to 12.7 billion to 12.7 billion yen. yen.

  • The amount of o
  • The amount of oversea

erseas rela related i ted investments wa vestments was s 84.6 billion 84.6 billion yen yen.( AB ( ABS-CDOs CDOs 53.6 billion 53.6 billion ye yen and n and Corpora Corporate-CDOs 31.0 bi CDOs 31.0 bill llion ion yen) yen) Credit Deri Credit Derivatives vatives

RMBS, 41.5 SIV, 0.3 CLO, 5.0 CMBS, 7.3 ABS and Other, 21.5

Total Amount: 75.8

ABS-CDO, 53.6 Corporate

  • CDO,

76.0 Other, 29.0

Total Amount: 158.6

Unit: Billio Unit: Billions o ns of Ye Yen Unit: Billio Unit: Billions o ns of Ye Yen

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SLIDE 6

FY2006 FY2007 Change Ratio

Ordinary Income

1,089.9 1,156.9 67.0 6.1%

Net Premiums Written

868.9 871.5 2.6 0.3%

Life Insurance Premiums

67.7 72.0 4.2 6.3%

Ordinary Profit

27.2

  • 8.6
  • 35.8
  • Net Income

16.1

  • 3.1
  • 19.3
  • 3
  • 1. Key Financial Highlights (2)
  • 1. Key Financial Highlights (2)

Consolidated Financial Results

  • nsolidated Financial Results

Ove Overview of Consolidated Financial Re view of Consolidated Financial Results sults Ove Overview of Consolidated Financial Re view of Consolidated Financial Results sults

Net premi Net premiums wri ms writte ten and l n and life i fe insurance rance pr premiums miums ste steadily inc dily increa eased. sed.

  • AMaGIC, w

AMaGIC, whic ich p h predomin edominate ately underwrite y underwrites F&I s F&I business in Europe, business in Europe, contri

  • ntribute

uted to the inc d to the increa ease in se in net premi net premiums wri ms writte ten. n.

  • Aioi

Aioi Life Life and AMaGIC and AMaGIC’s c cred edit it lif life bus business ness contributed to the inc contributed to the increa ease in life pre se in life premiums. miums. Con Consol

  • lida

idated net income ed net income te temporarily went into the mporarily went into the red due to lo due to loss fro ss from subpri subprime rela me related inve ted investments stments and and inc ncrea reased inve investments stments for potentia

  • r potential gr

l growth

  • wth

businesses businesses. Sales growth of oversea les growth of overseas and life i and life insurance are surance are ste teadily increa ily increasing as p sing as part rt of b

  • f business diversifica

siness diversificatio ion. n. Further Further efforts to be ma efforts to be made fo de for in increas easing p prof

  • fit

itability ability. Net premi Net premiums wri ms writte ten and l n and life i fe insurance rance pr premiums miums ste steadily inc dily increa eased. sed.

  • AMaGIC, w

AMaGIC, whic ich p h predomin edominate ately underwrite y underwrites F&I s F&I business in Europe, business in Europe, contri

  • ntribute

uted to the inc d to the increa ease in se in net premi net premiums wri ms writte ten. n.

  • Aioi

Aioi Life Life and AMaGIC and AMaGIC’s c cred edit it lif life bus business ness contributed to the inc contributed to the increa ease in life pre se in life premiums. miums. Con Consol

  • lida

idated net income ed net income te temporarily went into the mporarily went into the red due to lo due to loss fro ss from subpri subprime rela me related inve ted investments stments and and inc ncrea reased inve investments stments for potentia

  • r potential gr

l growth

  • wth

businesses businesses. Sales growth of oversea les growth of overseas and life i and life insurance are surance are steadily increa ily increasing as p sing as part rt of b

  • f business diversifica

siness diversificatio ion. n. Further Further efforts to be ma efforts to be made fo de for in increas easing p prof

  • fit

itability ability.

<Note> Unit: Billions of Yen All amounts are truncated. All figures rounded to one decimal place

Refere Reference

FY2006 FY2007 Proportion Change Proportion Net Premiums Written 868.9 100.0% 871.5 0.3% 100.0% Aioi Insurance 851.2 98.0% 851.8 0.1% 97.7% AMaGIC* 17.4 2.0% 19.6 12.8% 2.3% Life Insurance Premiums 67.7 100.0% 72.0 6.3% 100.0% Aioi Life 67.0 98.9% 70.6 5.4% 98.1% AMaGIC* 0.8 1.3% 1.5 76.6% 2.1%

<Note> Figures of each company are not adjusted for consolidated results. *AMaGIC (Aioi Motor and General Insurance Company of Europe Ltd.) is a subsidiary of Aioi insurance Co.,Ltd

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SLIDE 7

4

  • 2. Return to Shareholders
  • 2. Return to Shareholders

Polic Policy Polic Policy

FY2007 Dividend FY2007 Dividend Fo Fore recast cast FY2007 Dividend FY2007 Dividend Fo Fore recast cast

  • Increasing both revenu

Increasing both revenue and e and profit by growth strategies profit by growth strategies

  • Enforcing

nforcing co corporate value in rporate value in the medium the medium an and long d long-term

  • term
  • Expanding

xpanding re returns to shareholde turns to shareholders rs through increasing through increasing dividends dividends

Medium/lo edium/long- g- term dividend term dividend payout ratio of 40 payout ratio of 40% % (n (non

  • n-con
  • conso

solid lidated b ed basis) s)

FY2005 FY2006 FY2007 Forecast Net Profit (Billions of Yen) 19.7 18.8 7.1 Dividend per Share (Yen) 10 10 10 Dividend Payout Ratio 37.1% 38.9% 102.4%

Stable Stable

dividend payout dividend payout Divi vide dend nd Po Polic licy Basic sic Po Policy licy Result Result

  • FY2007 year-e

Y2007 year-end dividend will be nd dividend will be 10 ye 10 yen per share same as FY2006 per share same as FY2006 even under the circums even under the circumstance of sub tance of substantial dec tantial decrea ease se in in profit. profit.

  • Sta

Stable pa le payout of dividend yout of dividend to be to be ma mainta intained ba ined based on the a sed on the above policie

  • ve policies.

s.

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SLIDE 8
  • II. FY2008 Management Policy
  • II. FY2008 Management Policy
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SLIDE 9

5

  • 1. Basic Strategy
  • 1. Basic Strategy

Expanding ma Expanding market share continuously and s rket share continuously and streng rengthening the Aioi thening the Aioi group pl group plat atform for sales growth form for sales growth to increase to increase corporate v corporate value lue in the medium in the medium and and long-term

  • ng-term

For Revenu For Revenue For Revenu For Revenue

Expanding domestic and overseas market share by utilizing relationship with Toyota Increasing sales channels in the housing industry and developing business in the affinity market Increasing customer contacts and strengthening cross selling by launching new competitive products

For Profi For Profit For Profi For Profit

Enhancing risk management system and securing stable profitability of investment activity Reinforcing actions to improve loss and operating cost

  • n a continual basis

Increasing group earnings

Strength Strengthening an ening and sophisticating d sophisticating risk man risk management syste gement system Stabilizing quality improve abilizing quality improvement act ent activity vity

  • Corporate Reforms
  • rporate Reforms as a

as a base of base of su sustai stainable nable busi usiness growth prog ness growth progres ressed throug through activitie h activities to r to review view a and check all customer d check all customer contracts an contracts and t d to improve busines improve business quality. s quality.

  • Auto ins

uto insurance urance sales sales growth and growth and low loss rat

  • w loss ratio

still rema still remain Aioi n Aioi’s strength. ength. Meanwhile, while, net net income ncome in FY2007 decrease Y2007 decreased due due to to loss on loss on sub subprime rela rime relate ted investm d investments nts and investments and investments for growth b rowth busi sinesses. nesses.

  • For FY2008 onward,

For FY2008 onward, a aims are to ms are to en enha hance and improve nce and improve the risk mana he risk management gement system system, an and to d to develo develop strong p strong platform platforms for s for sales ales expan expansion ion by taking taking adva vantage of ntage of corporate s corporate strengths. trengths.

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SLIDE 10

Th The nu e numb mber of v er of vehicles th cles that A Aioi in insu sures res inc increa ease sed de d despi spite weak te weak sa sales of new vehicles les of new vehicles in the market. in the market. Aioi Aioi’s strengt trengths hs in the Toyota market in the Toyota market and and continuing low lo ntinuing low loss ratio of auto in ss ratio of auto insurance surance

Increase rati Increase ratio of

  • of veh

vehicl cles es that Ai that Aioi ins insures res in th in the past t e past three ree years years are as fol are as follows: ws:*

6

  • 2. Revenue Base (1) Au
  • 2. Revenue Base (1) Auto Insurance (Domestic)

to Insurance (Domestic)

Sales Growth Strateg Sales Growth Strategy Sales Growth Strateg Sales Growth Strategy Point Points

Increa Increase ratio of vehicles that e ratio of vehicles that Aioi Aioi in insures (Toyota dealers)* sures (Toyota dealers)* Loss ra Loss ratio of auto insurance tio of auto insurance (Aio (Aioi)** i)** FY20 FY2005 05 To Toyota mar ta market str et strateg tegy 3.7% 3.7% 61.1% 61.1% FY20 FY2007 07 1.8% 1.8% 63.1 63.1%

*Based on sales performance **E/I Loss ratio (Loss adjustment expense included.)

Toyota Market Strategy (D Toyota Market Strategy (Domestic

  • mestic)

Toyota Market Strategy (D Toyota Market Strategy (Domestic

  • mestic)

Expanding marke Expanding market share by t share by

  • ffering
  • ffering

exclusive exclusive product roducts fo for T r Toy

  • yota cu

customers Expanding marke Expanding market share share by supporting Toyota by supporting Toyota dealers dealers Co Convini ini Plan Plan Nagaraku Nagaraku Plan Plan Lexus Owner Lexus Owners’ s’ Auto Insurance Plan Auto Insurance Plan Long- Long-Term Auto Insurance Pl erm Auto Insurance Plan an Offering Aioi Offering Aioi’s know how for increa s know how for increasing sing in insurance sale surance sales s Improving Improving insurance insurance penetra penetratio ion rate a rate at the ti the time me

  • f
  • f

auto purc auto purchase hase Marke Market share share 40% 40%

FY20 2005 05 +1. +1.6% FY20 2006 06 +1. +1.4% FY20 2007 07 +0. +0.1%

Low loss ratio for Low loss ratio for auto in uto insuranc surance e FY20 FY2006 06 3.6% 3.6% 63.7% 63.7%

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SLIDE 11

Thail Thailand nd Taiwan Taiwan Au Austral ralia France France Hawa Hawaii ii Norway Norway UK UK Germ Germany any New Zeala New Zealand Spa Spain Ital Italy Fi Finland nland Indone Indonesi sia Canada Canada Denmark Denmark

  • 2. Revenue Base (2) Au
  • 2. Revenue Base (2) Auto Insurance (Overseas)

to Insurance (Overseas)

  • Expansio

xpansion of F&I business into n of F&I business into 17 17 co count untries ries through direct underw through direct underwri riti ting and fronting ng and fronting

  • Aim

im for further bu for further business op siness oppo portuni rtunitie ies t s through sal rough sales s of auto r

  • f auto rela

late ted insurance products, nsurance products, such a uch as extended extended war warranty anty insurance, surance, and c and credit life insurance to edit life insurance to Toyota c yota customers through stomers through F&I b &I business mo siness model del 7

13 13.7% 7% 11 11.0% 0% 7.2% 7.2% 9. 9.4%

6.0% 8.0% 10.0% 12.0% 14.0% FY2005 FY2006 FY2007 FY2008 (Plan)

Insu Insuran rance P e Penetration netration Rate Rate to Toyota’s New Car Sales yota’s New Car Sales (direct u/ (direct u/w 11 11 countries)

  • untries)

Ru Russia China China

Direct underwriting (11 countries) Fronting (6 countries) Under consideration (1 country)

Hong Kong Hong Kong

17.3 26.3 31.8 38.0

5 10 15 20 25 30 35 40 FY2005 FY2006 FY2007 FY2008 (Plan)

Unit: Billions of Yen

F&I Bu F&I Busi siness ss Local Gross cal Gross Premium Premium

slide-12
SLIDE 12

8

  • 2. Revenue Base (
  • 2. Revenue Base (3) Long-Ter

) Long-Term Fir m Fire Insurance e Insurance

  • Market share of fire i

Market share of fire insurance ha surance has su s substantiall tantially inc y increa eased sed due to stro ue to strong sales channels ng sales channels in the ho in the housing industr using industry.

  • Achie

ieving co ving continuous growth of long ntinuous growth of long- term fire in term fire insurance through offering surance through offering new competitive p new competitive prod

  • ducts whic

ucts which h suit suit customers' needs and esta stomers' needs and establishing strong bu blishing strong busine siness rela ss relation tions in the affini s in the affinity market. ty market.

60.3 57.8 12.2 16.6 18.5 52.4

0.0 10.0 20.0 30.0 40.0 50.0 60.0 FY2005 FY2006 FY2007 Long-term life insurance From the housing industry

Insurance P Insurance Premiums iums

(Billions of Yen)

  • Sustain

Sustaining sales by tak ales by taking advant advantage age of th

  • f the strength

e strength

  • f th
  • f the h

e hous using ing indus industry channe ry channel d l desp spit ite s e severe m re market rket co conditio nditions ns

  • Refort

Refortify ifying ng our efforts to

  • ur efforts to establish n

establish new agenci w agencies fo es for sal r sales grow growth th

  • Launching com

Launching compet etit itively-priced y-priced produ products specif ts specifical ically f ly for the r the hous housing ind ing indust stry ry

New New and Existing Ho nd Existing House use Market arket New New and Existing Ho nd Existing House use Market arket Re Rental House ntal House Market arket Re Rental House ntal House Market arket

  • Establ

Establish ishing ng ne new agen w agencies to cies to expand expand sales sales

  • Offering compet

Offering competit itive products in ive products in the the rental h rental hous using ing indus industry try

  • Mak

aking ng agreem agreements ents with new new agenci agencies t es to increase increase sales ch sales channels annels

  • Develop

veloping busin usiness pa ss partnership t rtnership to expand ma expand mark rket et sha share re

Affini Affinity Market ty Market

(Co-Op (Co-Operat erativ ive Marke e Market)

Insurance P e Prem emiums

7.6 8.4 8.1 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 FY2005 FY2006 FY2007 455 357 468

100 200 300 400 500 FY2005 FY2006 FY2007

New agencies i ew agencies in the Housing Industry the Housing Industry

(Shops)

Note: The above information is based on sales performance.

(Billions of Yen)

slide-13
SLIDE 13

6,749.9 6,233.4 5,584.9

68.4 64.2 57.6

5,000.0 5,500.0 6,000.0 6,500.0 7,000.0 7,500.0 8,000.0 FY2005 FY2006 FY2007

  • 10.0

0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 Total amount of insurance in force Annualized amount

9

  • 2. Revenue Base
  • 2. Revenue Base

(4) Cross Selling (4) Cross Selling

Streng rengthening cros thening cross selling business s selling business model by furthe model by further improvem r improvement of ent of sales te sales techniques chniques and proposing and proposing new competitive p new competitive products to

  • ducts to auto insurance

auto insurance cus customers

7.4 8.7 8.6

0.0 2.0 4.0 6.0 8.0 10.0 FY2005 FY2006 FY2007

Comprehens Comprehensive Health Insu ive Health Insuran ance

  • New product, Li

New product, Live Lead Advanc ve Lead Advance, launc e, launched ed in April 2 in April 2008

  • Launc

Launching compe ing competitive titive products products to inc to increa ease se cro cross se s sell lling Third Sector Insuranc Third Sector Insurance Third Sector Insuranc Third Sector Insurance Life Insuran Life Insurance Life Insuran Life Insurance ＮＥＷ

Streng Strengthen thening appeal g appeal of

  • f

advanced m advanced medical dical ex expens penses cover es cover

  • Increased m

ncreased mult ltip iplicat cation rat ratio of

  • of dai

daily y hosp spita italization ation insurance p insurance paym yments for ad ents for advanced m vanced medical dical treatm treatment ent

  • Dire

irect pay t payment ent of advanced m

  • f advanced medical

cal exp expens nses es to hosp hospitals itals

  • New prod

New products, Premium W and Just O ucts, Premium W and Just One W, e W, launc launched in June hed in June 20 2008

  • Launc

Launching compe ing competi titi tive products to inc ve products to increa rease cross se cross se selling lling ＮＥＷ

  • Compet
  • mpetitive income

ve income secu curit rity insu insuran rance prem remium um, , especially for non-smok especially for non-smokers ers

  • Ne

New w sp special ext ecial extens nsion n to cover cover loss of earnings loss of earnings for three m three major dis r diseases ases

Note: The above information is based on sales performance. (Billions of Yen) (Billions of Yen) (Billions of Yen)

slide-14
SLIDE 14

10

  • 3. Profit Base (1) Insurance Business
  • 3. Profit Base (1) Insurance Business
  • Sta

Stable low lo le low loss ra ss ratio of auto insurance tio of auto insurance achieved throug ieved through early clai h early claim se m settl ttlement and lo ement and loss prevention ss prevention activitie activities

  • For other cla
  • r other classe

sses of insurance, activi s of insurance, activities, ties, suc uch a h as prod product re uct revision, vision, and mo nd moni nitoring ri toring risk expo sk exposu sures for impr

  • r improvement
  • vement
  • f
  • f

loss ra loss ratio tio

  • Investme

nvestment cost for t cost for next-generation syste ext-generation system co cove vered b red by in increased business efficienc eased business efficiency

  • Esta

stablishment of cost effe lishment of cost effective business management ctive business management 33.3 32.7 33.1

30.0 32.0 34.0 36.0 38.0 40.0 FY2005 FY2006 FY2007

(%)

Loss R Loss Ratio tio Loss R Loss Ratio tio Expen Expense R e Ratio tio Expen Expense R e Ratio tio

43.5 52.6

63.1 63.7 61.1

45.5 47.2 40.4 45.0

68.8 84.6 75.4

30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0

FY2005 FY2006 FY2007

(%)

Auto Fire PA Other Auto Other

<Auto Insurance> <Auto Insurance>

  • Earl

arly claim settlement claim settlement

  • Str

Strengtheni thening loss

  • ss pr

prevention tion ac activities tivities

  • Improvement of

Improvement of cla claims handli ms handling ng management management <Othe <Other Insu Insurance> rance>

  • Develop

Development of an efficient rei nt of an efficient reinsurance progra rance program for m for fire insurance fire insurance

  • Revision

Revision

  • f prod
  • f products to ma

ucts to make lo ke loss ra ratio lo

  • lower for

wer for third sector insuranc third sector insurance e

  • Improvement of monitori

Improvement of monitoring ri ng risk exposures for sk exposures for ca casual sualty i ty insurance rance

  • Con
  • ntinu

nued ed inve investme ment in in next-gen genera eration ion sy system as a pi a pill llar

  • f corporate reform
  • f corporate reforms
  • Cov
  • vering

ering inve nvest stmen ent cos t costs s by business efficienc by business efficiency improvement improvement gains ains

  • Reviewing t

eviewing the structure of e structure of agenc agency commission ba commission based sed

  • n business qualit
  • n business quality management

y management

Expense r ratio tio increased du due to to acti tivi vitie ties to to review and review and check all customer contr check all customer contracts cts

slide-15
SLIDE 15

As of March 31, 2008 Other 4% Loan 15% Fixed Asset 6% Short-Term 4% Domestic Bond 34% Domestic Security 20% Foreign Bond 8% Foreign Security 9% As of March 31, 2007 Other 5% Short-Term 4% Loan 13% Foreign Security 11% Foreign Bond 8% Domestic Security 26% Domestic Bond 27%

  • 3. Profit Base (2) Investment Strategy
  • 3. Profit Base (2) Investment Strategy

Basic P Basic Policy an cy and Direct d Directio ion Basic P Basic Policy an cy and Direct d Directio ion

Control of yen-ba Control of yen-based interest ri sed interest risk sk on in

  • n insurance lia

surance liabilities by ALM bilities by ALM inve investment in yen-ba stment in yen-base sed d asse ssets to sec ts to secure sta ure stable profi le profits in the medium s in the medium and and long term long term

  • Develop advanced

evelop advanced ALM and ALM and ri risk management system sk management system

  • Pur

ursue i sue increa creased p sed profi

  • fit by int

by intere rest-ra st-rate risk control and diversified invest e risk control and diversified investment ment Eliminatio Elimination of lar n of large risk e risk by diversi by diversified investment ied investment in securit in securities and bond and bonds s to a to aid the stab id the stable inc le increa ease of pro se of profits

Asset Manag Asset Management Rat Ratio

  • (Fai

(Fair Valu r Value) e)

11 Develop Development of new i t of new inves vestment ment o

  • pportunitie

pportunities including alter s including alternative tive inve investment to al stment to allow for su low for susta stainab inable pr le profi

  • fit gr

t growth in the medium

  • wth in the medium

and long- and long- term ba term base sed on d on ri risk manageme sk management syste nt system Reinfor Reinforcement of syste ement of system for investment for investment activi tivitie ties and and improvement of mprovement of wo workforce rkforce c configura nfiguratio tion and human resour n and human resource de ce development velopment Developme Development of so t of sophistica phisticated A ted ALM and M and ri risk m sk management syste nagement system for various m for various inve investment stment activitie activities

Fixed Asset 6%

Co Contribute to sustainable de ntribute to sustainable developmen velopment of corporate value t of corporate value Mea Measure ures to be t to be taken ken

slide-16
SLIDE 16
  • The first priority is given to se

The first priority is given to securi ring stable p stable prof

  • fit

it in in view view of

  • f

loss loss im impa pact ct on subpri

  • n subprime rela

me related ted invest investment ments in s in FY20 FY2007 and uncertainty of and uncertainty of current investment markets. ent investment markets.

  • As a te

s a temporar mporary me y measure, ma ure, main a asse sets, ts, suc uch a h as securiti securities, and bonds nd bonds to be further

  • be further al

allocate located to dome d to domestic and stic and

  • verseas bo

as bonds nds f for stable stable in investm vestment nt p prof

  • fit

itabilit ability. y.

  • Caref

areful approach to al ul approach to alter ternative investment for the ti e investment for the time me be being and more attention to moni ing and more attention to monitoring ri toring risk management sk management in the light in the light of futur

  • f future increas

increase of alter e of alterna native i ive investment.. vestment..

Do Domestic Bo ic Bond

  • Currency diversific

rency diversification ation of bonds

  • f bonds
  • Cont

Continu inued d investm vestment nt m mainly ainly in in government government bonds bonds

Increa Increase se

CD CDO and O O and Other her

  • Decreasin

creasing t g the t e total tal am amount based unt based

  • n stud
  • n studies

s of the m the mark rket env environm ronmen ent Lo Loan an

  • Increasing main

ncreasing mainly ly perso personal l al loans ans

Decrease Decrease

Foreign S Foreign Security curity

  • In

Increasing easing Asian secu Asian securities and dec rities and decrea easing sing advanced countries advanced countries’ securit ecurities

Mainta Maintain in

Alt Alternat ernative Investm Investment nt (C (Credit ris redit risk related produ k related products ts not includ not included. ed.)*

  • Strengthen

trengthening m ng monitoring ring ris risk man managem agement for inc nt for increasing easing in inves vestments nts in the in the fu futu ture re

  • En

Enha hanc ncin ing i inves vestmen ent ef effic ficien ency b by rep replacin ing st g stocks

  • cks

FY2008 FY2008 In

Investmen stment

Po Policy licy FY2008 FY2008 In

Investmen stment

Po Policy licy

Mea Measures for Strengt ures for Strengthening Asse ening Asset Management t Management Mea Measures for Strengt ures for Strengthening Asse ening Asset Management t Management

  • Monit
  • nitoring
  • ring actual

actual ris risk of

  • f underly

underlying ing asse assets, ts, tak taking measu measures against ma res against mark rket liquid et liquidity ity risk, and advancing risk, and advancing quantit quantitativ ative m e manag anagement nt to im improv prove e risk m risk manage nagement s nt syst ystem em for main for mainly a ly alternati rnative e in investm vestments nts

  • Invest

nvesting risk managem risk management sys nt system for em for asset sset man managem gement, s nt, securing curing manpow manpower fo er for divis r divisions of asset m

  • ns of asset manageme

gement, a , and nd develop developing ng human resou human resources ces

*Credi *Credit risk rel t risk related ted pro products ucts are he are hedge dge funds, funds, commodi commodities, and ties, and p priv ivate equ ate equities. ties.

12

  • 3. Profit Base (2) Investment Strategy
  • 3. Profit Base (2) Investment Strategy
  • Interest

Interest risk risk control by control by lia liability bility mat matching hing

  • Increasing

Increasing t the p e percentage of rcentage of corpor corporate bonds ate bonds Fo Foreign Bo reign Bond nd Str Strategic tegic Secu curity rity

slide-17
SLIDE 17

13

  • 3. Profit Base (3) Group Co
  • 3. Profit Base (3) Group Companies’

mpanies’ Business ( Aioi Life) Business ( Aioi Life)

  • Improving sale

Improving sales e s efficienc ficiency by alli by alliances wi ances with life in life insurance mana surance managers gers for non-li for non-life insurance channel fe insurance channel

  • Developing
  • Developing

sale les activitie activities, partic , particularly ularly mu multi-bran lti-branch ch age agencies cies for for the Aioi the Aioi Life c Life chann annel el ・Strengthening allia Strengthening alliances s betwee between no n non-life n-life insurance c insurance channel and life insurance annel and life insurance mana manager gers. ・Launc Launching new competitive p g new competitive prod roducts, ucts, such a such as Premium W, Premium W, and Just One W and Just One W. ・Expanding t Expanding the sca e scale of c le of channels and annels and reinforcing reinforcing effort efforts to s to create new create new channels. channels. Life Insurance Original Channel Life Insurance Original Channel Offering c g competitive pr mpetitive prod

  • duc

ucts ts to r to rapidl pidly y gr growing multi-branch agencies

  • wing multi-branch agencies

8,607 7,934 8,812 730 767 722

2,000 4,000 6,000 8,000 10,000 12,000 FY2005 FY2006 FY2007

  • 200
  • 100

100 200 300 400 500 600 700 800

Total number of agencies New agencies

(Agencies) (Agencies)

The Numbe The Number o

  • f Aioi Life Insurance’s Agencie

Aioi Life Insurance’s Agencies

Interest-se Interest-sensi sitive private pensi tive private pension in n insuranc suranceｓ (Saving-type and lump-sum payment) Saving-type and lump-sum payment) New prod New products, Premium W and Just O ucts, Premium W and Just One W e W

New New Contracts ntracts New New Contracts ntracts

FY2007 14.7% FY2007 14.7% (Inc (Increased by 8.2P from FY2006) reased by 8.2P from FY2006)

Increase creased Ratio Ratio Increase creased Ratio Ratio

FY20 FY2007 07 +11 +116.5 .5% Non-Life Ins Non-Life Insurance Channel rance Channel Non-Life Ins Non-Life Insurance Channel rance Channel Aioi Life C Aioi Life Channel annel Aioi Life C Aioi Life Channel annel Multi-branc lti-branch agen agencies cies

Note: The above information is based on sales performance.

slide-18
SLIDE 18

14

  • Aioi Life will inc

ioi Life will increa ease its earning capa se its earning capability w ility while cont ile contribu ributing to group ear ting to group earnings and ex ings and expanding its corpora panding its corporate value te value in the medium and long-term. in the medium and long-term.

  • AMaGIC has compl

AMaGIC has completed e eted estab tablishment of a stra hment of a strategic tegic in infrastruct tructure re to e to expand F&I business, pand F&I business, launc aunching hing new new

  • pera
  • peratio

ions ns in Italy and Spain in 20 in Italy and Spain in 2007. Manage . Management resource ment resources to be concentra s to be concentrated o ted on an an “Actio Action Plan Plan” to bec to become a me a profita profitable le

  • peration.
  • peration.

Aioi Life Aioi Life Aioi Life Aioi Life AMaGIC AMaGIC AMaGIC AMaGIC

  • 3. Profit Base (3) Group Companies’
  • 3. Profit Base (3) Group Companies’

Business Business

Direct underwriting function Direct underwriting function in place in place in n five m five major European countrie jor European countries: UK, : UK, Germ Germany, France, It any, France, Italy, and Spain. aly, and Spain. Strengthening activi Strengthening activitie ties to i to impr mprove

  • ve

financia financial results l results for being p

  • r being profita
  • fitable

le

  • peration
  • peration
  • Rev

eviewing product iewing products a s and ra d rating ting s structure ructures

  • Promo

romotin ting loss contr loss control

  • l

activities ctivities for reduci for reducing ng lo loss ra ss ratio

  • Improving opera

mproving operatio tional e nal efficiency by IT fficiency by IT infrastructure development infrastructure development Ac Achie hieving profit in rofit in FY2010 FY2010 Increas asing e g expense m margin as as s soon as as possible. possible.

  • Inc

Increa ease sed monitoring of re d monitoring of results sults by y product, channel, and loca product, channel, and location tion

  • Improvi

Improving bu g business pr siness process

  • cess
  • 1. Developing infra
  • 1. Developing infrastr

tructure of ucture of agencies and service centers agencies and service centers

  • 2. Si
  • 2. Simpli

mplifying paperwork procedures fying paperwork procedures for contract for contracts Change of EV Change of EV

30 30.0 30. 30.4 35 35.0

35 35.6 44.4 44.4 54 54.3

0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 FY2005 FY2006 FY2007 Total Amount of Contracts Net Assets (Billions of Yen) ６５.６

７４.８ ８９.４

slide-19
SLIDE 19

15

  • 4. FY2008 Business Plan
  • 4. FY2008 Business Plan

1,089.9 1,156.9 1,060.0 Direct Net Premiums Written 868.9 871.5 858.0 Life InsurancePremiums 67.7 72.0 77.0 27.2

  • 8.6

25.0 16.1

  • 3.1

14.0 851.2 851.8 835.0 Direct Net Premiums Written (CALI excluded) 701.4 702.3 712.0 1.0 10.2 12.5 35.0 0.0 20.4 29.8 4.4 28.0 18.8 7.1 17.0 <Various Ratios> Net Premium Growth 2.0% 0.1%

  • 2.0%

Net Loss Ratio 62.4% 62.2% 65.1% Net Expense Ratio 32.7% 33.3% 34.2% <Various Ratios> (CALI excluded) Net Premium Growth 2.7% 0.1% 1.4% Net Loss Ratio 60.4% 60.1% 60.7% Net Expense Ratio 35.0% 35.7% 35.0% 845.6 786.6 1,026.0 Value of Policies in Force 6,233.4 6,749.9 7,514.0 Individual Insurance and Pension 4,657.0 4,907.4 5,446.0 1.9

  • 5.6

3.6 46.4 51.7 59.5 Overseas Direct Premiums (Gross) FY2006 FY2008 Plan FY2007 FY2008 Plan Ordinary Profit Ordinary Profit Investment Income Underwriting Profit Net Income Ordinary Income Con

  • nsol
  • lidated

ed FY2006 FY2007 Ordinary Profit Net Income (Ref efer eren ence) e) O Over ersea eas B Busines ess Ai Aioi I Insurance Aio ioi L i Lif ife Direct Net Premiums Written Value of New Individual Insurance and Individual Pension Contracts

<Note> Unit: Billions of Yen All amounts are truncated. All figures rounded to one decimal place . Loss ratios include loss adjustment expense. Value of policies in force excludes group pension.

CALI: Compulsory Automobile Liability Insurance

slide-20
SLIDE 20

Supplementary Information Supplementary Information

slide-21
SLIDE 21

16

Corporate Reforms Corporate Reforms

Peace of Mind Peace of Mind Checking Ca Checking Camp mpaign aign Re Restructuring Sale structuring Sales s Sy Syste stem Product Developmen Product Development “Anshi Anshin Call” Call” St Strengthening Non- rengthening Non- Life Insurance Ser Life Insurance Servic ice e Sy Syste stem

Business process reforms implemented to Business process reforms implemented to revi review ou ew our ent r entire bu re busi siness operat ness operation, system, n, system, and st and structure from the poi ructure from the point of t of view of our cu view of our cust stomer

  • mer
  • Estab

Establi lishi hing activiti ng activities to review es to review and c and chec eck al k all cus l custo tomer contract mer contracts a s as a pa a part of rt of

  • rdinar
  • rdinary business operation

business operation

  • Wo

Workin ing on g on new new ac activ tivities ties that of that offer

  • ur pr

produ

  • ducts

ts thr through cross ss s sellin lling

  • Finishi

Finishing inspection of g inspection of all fire ins all fire insuranc rance policie e policies befo s before June 20 e June 2008 and a 08 and all other ll other insurances po insurances policie licies before July 200 s before July 2008

  • Reforming

Reforming b business pro usiness processes esses by re y review viewing product roducts, bu s, busine siness operat ss operations, and ions, and

  • pera
  • peration system

ion system

  • Estab

Establishing appropria lishing appropriate and effective sa e and effective sale les ba s base through clo se through closer rela relationships wi tionships with th

  • ur agencie
  • ur agencies
  • Increa

ncreasing custo ing customer cont mer contact acts by Anshin Anshin Call Call

  • Improving clai

mproving claim service through ervice through communi

  • mmunication

cation with our c with our customers stomers

  • Launc

Launching ea g easy-to-understand prod sy-to-understand products b ucts by reviewing clause reviewing clauses, s, specia special contract l contracts, s, and sub and subscription tool cription tools (New au s (New auto in to insuranc surance launc e launched in April 20 ed in April 2008 and new fire 08 and new fire insuran insurance plan e planned to be lau ned to be launch ched in October 2008) ed in October 2008)

slide-22
SLIDE 22
  • I. Financial Data

1 FY2007 Financial Summary …………… P1 2 Premiums & Claims by Class …………… P2 3 Inwards Re-insurance Premiums & Claims by Class …………… P3 4 Breakdown of Net Operating Expenses …………… P3 5 Catastrophe Reserves …………… P4 6 Underwriting Reserve …………… P4 7 Claims Reserve …………… P4 8 Total Assets and Managed Assets …………… P5 9 Solvency Margin Ratio …………… P5 10 Asset Evaluation (Loans) …………… P6 11 Debts Subject to Risk Control …………… P6 12 Shareholdings by Sector …………… P6 13 Asset Management Profit & Loss …………… P7 14 Investment in Securities …………… P7 15 Reduction in Strategic Shareholdings …………… P8 16 Fixed Asset Impairment …………… P8 17 Impact of Natural Disasters …………… P8 18 Aioi Life …………… P9

  • II. Operating Result Data

1 Operating Premiums …………… P10 2 Auto Insurance …………… P11 3 Platform Products …………… P11 4 Long-Term Fire Products …………… P11 5 Aioi Life …………… P12

May 29, 2008

Aioi Insurance Co., Ltd

IR Meeting Reference Data IR Meeting Reference Data

slide-23
SLIDE 23
  • I. Financial Data
  • I. Financial Data
  • 1. FY2007 Financial Summary
  • 1. FY2007 Financial Summary

(1) Consolidated Profit and Loss (1) Consolidated Profit and Loss (Unit: 100 Million Yen, %) Ordinary Income 10,899 11,569 670 6.1 (of which net permiums written) 8,689 8,715 26 0.3 (of which life insurance premiums) 677 720 42 6.3 (of which investment income 483 1,165 681 (of which interest and dividend income) 575 892 317 (of which gain on sale of securities) 121 483 362 Ordinary Expense 10,627 11,656 1,028 9.7 (of which net claims paid) 5,084 5,089 5 0.1 (of which life insurance claims and other payments) 102 128 25 25.1 (of which investment loss) 74 1,095 1,021 (of which gain/loss on sale of securities) 49 96 46 (of which valuation loss on securities) 16 125 108 (of which gain/loss on derivatives)

  • 847

847 1,506 1,566 60 Ordinary Profit 272

  • 86
  • 358

Net Income 161

  • 31
  • 193

(2) Non-Consolidated Profit and Loss (2) Non-Consolidated Profit and Loss (Unit: 100 Million Yen, %) (Unit: 100 Million Yen)

  • 1. Direct Premiums Written*

8,882 8,717

  • 164
  • 1.9
  • 2. Net Premiums Written

8,512 8,518 6 0.1

  • 3. Net Claims Paid**

4,965 4,950

  • 14
  • 0.3
  • 4. Loss Adjustment Expenses***

349 349 0.2

  • 5. Net Operating Expenses***

2,780 2,834 53 1.9 Operating Income 417 383

  • 33
  • 8.1

****** Loss on subprime related investments -836

  • 6. Increase in Claims Reserve****
  • 81
  • 132
  • 50
  • 7. Increase in CAT Reserve*****

137 51

  • 86

Underwriting Profit & Loss 10 102 92 Asset Management Profit & Loss ****** 350

  • 350

(of which interest/dividend income) 512 818 306 (of which gain/loss on sale of securities) 73 390 317 (of which valuation loss on securities) 16 124 108 (of which gain/loss on derivatives) 1

  • 847
  • 849

Ordinary Income 298 44

  • 253

Extraordinary Profit & Loss*******

  • 18

46 64 Net Income 188 71

  • 117

Various Ratios (Unit: %) Financial Conditions (Unit: 100 Million Yen) 2.0 0.1

  • 1.9

FY2006 FY2007 Change 62.4 62.2

  • 0.2

Total Asset 27,848 26,385

  • 1,463

32.7 33.3 0.6 Equity Capital 6,286 4,411

  • 1,875

95.1 95.5 0.4 Catastrophe Reserves 2,372 2,423 51 4.9 4.5

  • 0.4

Solvency Margin Ratio 1,030.4% 862.6%

  • 167.8%

Operating and General Administrative Expense FY2006 FY2007 U/W Profit Ratio Combined Ratio Net Expense Ratio Net Loss Ratio Net Premium Growth Ratio ** Fire -76(Natural disasters -55), Auto +80 * CALI (-128) *** Non-personal expense +47 (Expense for quality improvement of sales activity +43) ***** Auto -72 (-84 from FY2006) **** Increase in claims reserve of Auto -10 (FY2006 +72) ******* Increase due to revision of retirement benefits and pension plan (FY2007 +80) Change FY2006 FY2007 Note Change Change % Change %

P1（Reference Data）

slide-24
SLIDE 24
  • 2. Premiums & Claims by Class
  • 2. Premiums & Claims by Class

Direct Premiums Written Direct Premiums Written (Unit: Million Yen, %) 112,658 120,578 117,476 122,100 5,085 5,396 5,551 6,400 51,224 51,742 50,583 50,800 461,197 468,199 466,731 466,800 169,696 170,407 157,532 138,600 68,652 71,924 73,916 78,500 868,516 888,248 871,793 863,200 Net Premiums Written Net Premiums Written (Unit: Million Yen, %) 95,256 102,072 100,326 104,100 5,660 6,482 6,435 7,100 49,265 49,232 47,882 47,000 464,357 472,090 472,766 474,800 151,083 149,749 149,545 123,000 68,661 71,611 74,891 79,000 834,284 851,238 851,849 835,000 Net Claims Paid Net Claims Paid (Unit: Million Yen, %) Change % Change % Change % Change % 41,330 45.0

  • 20.0

43,510 44.2

  • 0.8

35,823 37.3

  • 6.9

40,800 40.8 3.5 3,118 56.6 0.5 2,719 43.7

  • 12.9

3,610 57.7 14.0 3,800 54.9

  • 2.8

16,704 37.1 0.6 18,523 41.0 3.9 20,390 45.7 4.7 20,700 47.7 2.0 263,690 61.3

  • 0.7

269,882 61.6 0.3 277,946 63.3 1.7 282,500 64.5 1.2 97,473 69.9 9.5 100,044 72.0 2.1 100,168 72.3 0.3 103,500 90.5 18.2 65,729 99.6

  • 11.6

61,858 90.2

  • 9.4

57,141 80.0

  • 10.2

54,800 72.9

  • 7.1

488,046 62.7

  • 1.9

496,539 62.4

  • 0.3

495,081 62.2

  • 0.2

506,100 65.1 2.9 * Loss Ratio = (Net Claims Paid + Loss Adjustment Expenses) / Net Premiums Written x 100 Loss Ratio* Change % Change % Fire 10.3 7.0 P.A. 1.3 1.0 Change % Change % FY2005 FY2006 FY2007 FY2008 Forecast 3.9

  • 2.6

Marine 3.6 6.1 15.3 2.9 0.4

  • 2.2

Auto 0.8 1.5 0.0

  • 0.3

CALI

  • 2.8

0.4

  • 12.0
  • 7.6

Other

  • 0.2

4.8 6.2 2.8 Total 1.2 2.3

  • 1.0
  • 1.9

Fire 3.8

  • 1.7

Change % Change % Change % Change % FY2005 FY2008 Forecast 10.3 P.A. 0.1

  • 0.1
  • 1.8

5.4 14.5 Marine

  • 2.7
  • 0.7
  • 17.8
  • 0.1

Auto 0.8 1.7 0.4 0.1 Total 0.8 2.0 CALI

  • 2.2
  • 0.9

Other

  • 1.2

4.3 5.5 4.6 Total Marine Fire CALI FY2008 Forecast Loss Ratio* Other P.A. Auto Loss Ratio* Loss Ratio*

  • 2.0

0.1 FY2005 FY2006 FY2007 FY2006 FY2007 7.5 7.2

P2（Reference Data）

slide-25
SLIDE 25
  • 3. Inwards Re-insurance Premiums & Claims by Class
  • 3. Inwards Re-insurance Premiums & Claims by Class

Net Inwards Re-insurance Premiums by Class Net Inwards Re-insurance Premiums by Class (Unit: Million Yen, %) 8,865 9,690 9,509 1,823 2,341 2,364 945 821 740 8,360 9,616 11,543 111,746 110,105 110,569 10,418 9,269 8,384 142,160 141,844 143,112 Net Inwards Re-insurance Claims b Net Inwards Re-insurance Claims by Class Class (Unit: Million Yen, %) Change % Change % Change % 11,495 129.7 63.7 6,451 66.6

  • 63.1

4,781 50.3

  • 16.3

1,897 104.1 11.9 1,416 60.5

  • 43.6

2,210 93.5 33.0 307 32.6 6.0 333 40.6 8.0 322 43.6 3.0 5,415 64.8

  • 16.1

6,088 63.3

  • 1.5

7,973 69.1 5.8 97,473 87.2 12.7 100,044 90.9 3.7 100,168 90.6

  • 0.3

32,033 307.5

  • 148.2

23,055 248.7

  • 58.8

17,543 209.2

  • 39.5

148,622 104.5 8.7 137,388 96.9

  • 7.6

132,999 92.9

  • 4.0

* Loss Ratio = Net Inwards Re-insurance Claims/ Net Inwards Re-insurance Premiums x 100

  • 4. Breakdown of Net O
  • 4. Breakdown of Net Operatin

erating Ex Expenses enses

(Unit: Million Yen, %) FY2008 Forecast Change % % of Premiums Change % % of Premiums Change % % of Premiums Change % % of Premiums Personal Cost 92,836

  • 1.2

11.1 89,188

  • 3.9

10.5 89,197 0.0 10.5 91,800 2.9 11.0 Non-personal Cost 75,102 0.2 9.0 76,096 1.3 8.9 80,885 6.3 9.5 82,100 1.5 9.8 Tax & Other 9,942

  • 1.4

1.2 9,760

  • 1.8

1.1 9,498

  • 2.7

1.1 9,500 0.0 1.1 Total 177,881

  • 0.6

21.3 175,045

  • 1.6

20.6 179,581 2.6 21.1 183,400 2.1 22.0 135,071

  • 0.4

16.2 132,313

  • 2.0

15.5 136,431 3.1 16.0 137,400 0.7 16.5 140,788 1.4 16.9 145,741 3.5 17.1 147,020 0.9 17.3 147,800 0.5 17.7 275,859 0.5 33.1 278,054 0.8 32.7 283,451 1.9 33.3 285,200 0.6 34.2 Total P.A. Auto CALI Other Marine Total

  • 3.4
  • 0.2

Loss Ratio* Loss Ratio*

  • 2.4
  • 1.5

0.4 Fire 0.9 23.7

  • 11.0
  • 9.5

CALI Other

  • 13.2
  • 9.8
  • 5.3

6.8 Change % FY2005 FY2006 FY2007 Change % Change % 28.4 Marine P.A. Auto

  • 1.9

Fire

  • 30.6

9.3 1.0 15.0 20.0

  • 1.1

Net Operating Expense Loss Adjustment Expenses & Operating and General Administrative Expense FY2005 FY2006 Operating and General Administrative Expense Commisions and Brokerage FY2007 FY2005 FY2006 FY2007 Loss Ratio*

P3（Reference Data）

slide-26
SLIDE 26
  • 5. Catastro
  • 5. Catastrophe Reserves

he Reserves

(Unit: Million Yen, %) (Unit: Million Yen) Reserve Ratio Reserve Ratio Reserve Ratio Change Draw-down Transfer Fire 74,136 79.3 82,056 81.8 89,902 91.3 7,846

  • 7,846

Marine 3,719 65.7 3,960 61.1 4,215 65.5 255 32 287 P.A. 29,885 60.7 31,379 63.7 32,861 68.6 1,482

  • 1,482

Auto 97,114 20.9 98,348 20.8 91,099 19.3

  • 7,248

40,550 33,301 Other 18,692 27.2 21,520 30.1 24,302 32.5 2,781 881 3,663 Total 223,547 32.8 237,265 33.9 242,382 34.6 5,117 41,464 46,582 * Reserve Ratio = Amount of Catastrophe Reserve / Net Premiums Written (Excl. Dwelling EQ / CALI) × 100

  • 6. Underwritin
  • 6. Underwriting Reserve

Reserve

(Unit: Million Yen) Fire Marine P.A. Auto CALI Other Total

  • 7. Claims Reserve
  • 7. Claims Reserve

(Unit: Million Yen)

  • f which IBNR
  • f which IBNR
  • f which IBNR

Change

  • f which IBNR

Fire 33,639 15,765 25,380 10,243 23,193 8,041

  • 2,186
  • 2,202

Marine 5,634 2,866 6,830 3,738 4,838 2,498

  • 1,991
  • 1,240

P.A. 12,366 3,792 13,146 4,304 14,987 5,299 1,840 994 Auto 172,836 14,816 181,738 16,409 182,201 17,624 463 1,215 CALI 36,765

  • 36,711
  • 36,586
  • 124
  • Other

74,787 40,262 64,066 38,054 52,865 26,851

  • 11,201
  • 11,202

Total 336,030 77,503 327,873 72,750 314,673 60,316

  • 13,200
  • 12,434

FY2005 FY2005 Change FY2007 FY2006 FY2007 FY2007 FY2006 502,257 522,791 537,922 15,130 6,545 7,027 7,537 510 526,138 513,668 499,555

  • 14,113

241,462 243,923 234,325

  • 9,597

257,309 272,542 287,679 15,136 117,011 121,532 124,825 3,292 FY2005 FY2006 FY2007 1,650,724 1,681,485 1,691,845 10,359

P4（Reference Data）

slide-27
SLIDE 27
  • 8. Total Assets and Managed Assets
  • 8. Total Assets and Managed Assets

(Unit: Million Yen) Change (Reference) * Other assets for FY2005 include intangible fixed aseets.

  • 9. Solvency Margin Ratio
  • 9. Solvency Margin Ratio

(Unit: Million Yen) Change (A) Total Solvency Margin 1,086,180 1,102,699 841,780

  • 260,918

325,076 336,563 336,339

  • 224

4,708 5,997 7,249 1,252

  • 517

517 259,578 275,354 282,396 7,041 298 216 343 126 419,995 401,024 137,215

  • 263,809

33 1,376 6,158 4,782

  • 12,530
  • 12,530
  • 24,280
  • 11,750

89,019 94,695 95,841 1,145 (B) Total Risk 205,186 214,026 195,159

  • 18,867

47,057 46,797 45,935

  • 862
  • 1,389

1,383 2,446 1,062 115,720 121,214 93,869

  • 27,344

4,767 4,945 4,523

  • 421

74,208 77,855 83,927 6,071 Solvency Margin Ratio [(A) / {(B) × 1/2}] × 100 1,058.7% 1,030.4% 862.6%

  • 167.8%

FY2005 FY2006 General Insurance Risk (R1) FY2007 Other Deductions 85% of Unrealized Gain and Loss on Land 90% of Net Unrealized Gain on Available-for-Sale Securities Allowance for Bad Debt CAT Reserve including Earthquake Insurance Contingency Fund Price Fluctuation Reserve Capital Stock, Funds, and Other

  • 31,673
  • 76
  • 104,032

Long-Lived Assets 632,404 11,795

  • 1,114
  • 2,827

7,562

  • 295,027

27,986

  • 191,718
  • 82,935

604,931

  • 48,360
  • 815
  • 4,504
  • 283,915
  • 146,302

34,672 223,543 573,258 83,216 152,495 154,840 2,761,116 2,784,898 3,000 7,203 2,546,709 2,569,727 2,638,595 2,285,812 707,270 659,752 347,965 341,043 418,123 477,400 108,119 131,576 705,119 1,678,821 733,105 1,973,849 Call Loans Monetary Receivables Bought Bonds 750,541 1,000 Money Held in Trust Investment in Securities 6,716 20,198 46,568 Tangible Fixed Assets Intangible Fixed Assets Other Assets Loans Equity Securities Foreign Securities Other Securities 1,984,055 Cash and Deposits Deferred Tax Assets Total Managed Assets

  • Customers' Liabilities for Acceptances and Guarantees

Allowance for Doubtful Accounts

  • 4,129

203,246 3,000 77,051 5,050 2,222 29,736 65,255 20,000 20,000 22,173 340,228 150,335 468,033 394,465 Catastrophe Risk (R6) Third Sector Insurance Risk (R2) Projected Interest Risk (R3) Asset Management Risk (R4) Business Management Risk (R5) FY2005 FY2006 FY2007

  • 2,295

111,236 4,716 5,830 3,000

  • 2,219

188,871 R R R R R R

6 5 2 4 3 2 2 1

) ( ) ( + + + + +

P5（Reference Data）

slide-28
SLIDE 28
  • 10. Asset Evaluation (Loans)
  • 10. Asset Evaluation (Loans)

(Unit: Million Yen, %) FY2005 FY2006 FY2007 Change Proportion Proportion Proportion Proportion Total 347,965 100.0 341,043 100.0 340,228 100.0

  • 815
  • 332,860

95.7 328,920 96.4 329,553 96.9 632 0.5 15,104 4.3 12,123 3.6 10,675 3.1

  • 1,447
  • 0.5

Class II 10,884 3.1 9,463 2.8 9,674 2.8 211

  • Class III

2,353 0.7 2,271 0.7 448 0.1

  • 1,823
  • 0.6

Class IV 1,865 0.5 387 0.1 552 0.2 164 0.1

  • 11. Debts Sub
  • 11. Debts Subject to Risk Control

ect to Risk Control

(Unit: Million Yen, %)

  • 12. Shareholdin
  • 12. Shareholdings b

s by Sector Sector

(Unit: Million Yen, %) Proportion Proportion Proportion Proportion Finance & Insurance 134,731 19.1 118,289 17.9 100,482 21.5

  • 17,806

3.6 Transport Equipment 96,043 13.6 100,886 15.3 73,154 15.6

  • 27,731

0.3 Commerce 92,157 13.0 76,529 11.6 55,030 11.8

  • 21,499

0.2 Electrical Machinery 63,028 8.9 63,831 9.7 47,075 10.1

  • 16,756

0.4 Chemicals 61,047 8.6 66,129 10.0 43,914 9.4

  • 22,214
  • 0.6

Construction 39,876 5.6 36,364 5.5 26,905 5.7

  • 9,459

0.2 Land Transport 53,810 7.6 39,323 5.9 18,882 4.0

  • 20,440
  • 1.9

Machinery 30,958 4.4 27,506 4.2 18,314 3.9

  • 9,191
  • 0.3

Real Estate 14,013 2.0 16,782 2.6 12,968 2.8

  • 3,814

0.2 Oil & Coal Products 13,307 1.9 13,560 2.1 12,350 2.6

  • 1,210

0.5 Other 108,296 15.3 100,549 15.2 58,954 12.6

  • 41,594
  • 2.6

Total 707,270 100.0 659,752 100.0 468,033 100.0

  • 191,718
  • Total Non-Classified Assets

Total Classified Assets (B) Loans Loans to Borrowers in Legal Bankruptcy Loans in Default Loans in Default for 3 Months or More Restructured Loans (A) Total Debt Subject to Risk Control 10,494 8,747

  • 5,692
  • 5,250

139 10,962 9,599 338 32 347,965 341,043

  • 815

170 265 320 265 248

  • 18

FY2005 FY2006 FY2007 Fiscal Year Item FY2005 FY2006 2.8 3.2 As a Proportion of Loans (A) / (B) FY2007 Change Change 4,349 477 3,055 586 230 340,228 1.3

  • 1.5

P6（Reference Data）

slide-29
SLIDE 29
  • 13. Asset Management Profit & Loss
  • 13. Asset Management Profit & Loss

(Unit: Million Yen) (Reference) Breakdown of Interest and Dividend Income (Reference) Breakdown of Interest and Dividend Income (Unit: Million Yen) FY2005 FY2006 FY2005 FY2006 Change Change Interest and dividend income 42,167 51,228 81,864 30,636 30,588 38,746 68,671 29,925 Gain on sale of investment in scurities 6,976 7,343 39,086 31,743 Bonds 7,055 9,892 11,204 1,312 Valuation loss of investment in securities

  • 998
  • 1,625
  • 12,496
  • 10,870

Shares 6,507 7,362 8,858 1,496 Gain & Loss on derivetives

  • 795

164

  • 84,774
  • 84,938

Foreign Securities 12,959 15,698 35,771 20,073 Other profit/loss on assets managed 1,836

  • 70
  • 1,560
  • 1,490

Other 4,065 5,794 12,837 7,043 5,959 6,339 6,735 396 Land/Buildings 4,875 5,113 5,121 8 743 1,028 1,335 306 28,468 35,031 13

  • 35,018

42,167 51,228 81,864 30,636 Note: Evaluation profit and loss of derivative transaction at the end of the period are included.

  • 14. Investment in Securities
  • 14. Investment in Securities

(1) Unrealized Profit/Loss on Securities (1) Unrealized Profit/Loss on Securities (Unit: Million Yen) Cost Fair Value Difference Cost Difference Change 692,964 704,379 11,414 722,111 10,645

  • 768

245,564 603,015 357,450 238,707 165,173

  • 192,277

397,732 452,970 55,237 386,710

  • 16,131
  • 71,369

118,797 140,277 21,479 108,395

  • 7,056
  • 28,536

1,455,059 1,900,642 445,582 1,455,924 152,631

  • 292,951

Note: 1. Other available-for-sale securities, which are fairly valued on the market, are listed in the above tables.

  • 2. Monetary receivables bought is included in other.

(2) Gain/Loss on Sale of Securities (2) Gain/Loss on Sale of Securities (Unit: Million Yen) FY2005 FY2006 Change

  • 2,838
  • 657

5,587 6,244 14,038 7,766 9,833 2,066

  • 4,794

107 15,576 15,468 571 126 8,089 7,963 6,976 7,343 39,086 31,743 (3) Valuation Loss on Securities after Impairment (3) Valuation Loss on Securities after Impairment (Unit: Million Yen) FY2005 FY2006 Change

  • 998

1,561 8,463 6,901

  • 64

3,421 3,357

  • 611

611 998 1,625 12,496 10,870 FY2007 FY2007 Fair Value 1,608,556 101,339 370,579 403,880 732,757 FY2006 FY2007 Foreign Securities Other Other Foreign Securities Bonds Shares Total Foreign Securities Other Total Total Loan Total Total Bonds Shares Bonds Shares FY2007 Investment Income on Premiums for Maturity of Refundable Portion of Long- Term and Other Insurance

  • 20,719
  • 22,007
  • 22,106
  • 99

Securities FY2007 Other

P7（Reference Data）

slide-30
SLIDE 30
  • 15. Reduction in Strate
  • 15. Reduction in Strategic Shareholdin

ic Shareholdings

(Unit: 100 Million Yen) 109 24 56 2,599 2,574 2,518

  • 16. Fixed Asset Im
  • 16. Fixed Asset Impairment

airment

(Unit: Million Yen) FY2005 FY2006 Change 523 62 530 467 1,096 246 339 93 1,619 308 869 560

  • 17. Im
  • 17. Impact of Natural Disasters

act of Natural Disasters

(Unit: 100 Million Yen) FY2005 FY2006 Change Fire 33 76 20

  • 56

Auto 8 12 2

  • 10

Other 2 2 2

  • 43

90 24

  • 66

2 3 2

  • 1

45 93 26

  • 67

Fire 1 3 1

  • 2

Auto

  • Other
  • 1

3 1

  • 2
  • 1

3 1

  • 2

Fire 32 73 19

  • 54

Auto 8 12 2

  • 10

Other 2 2 2

  • 42

87 23

  • 64

2 3 2

  • 1

44 90 25

  • 65

8 12 2

  • 10

36 78 23

  • 55

Claims Reserve Claims Recovered Reserves Recovered Claims Paid Total Draw-Down on CAT Reserves Net Impact (Negative) Land Buildings Total Claims Paid Direct Insurance Re-Insurance Net FY2005 FY2006 FY2007 Balance Reduction FY2007 FY2007 Total Total Claims Reserve P8（Reference Data）

slide-31
SLIDE 31
  • 18. Aioi Life
  • 18. Aioi Life

(Unit: 100 Million yen, %) FY2006 Change Change % New Policy Total 8,746 8,015

  • 730
  • 8.3

Personal/Personal Pension 8,456 7,866

  • 590
  • 7.0

Group 289 149

  • 139
  • 48.3

Policies in Force 62,334 67,499 5,164 8.3 Personal/Personal Pension 46,570 49,074 2,504 5.4 Group 15,764 18,425 2,660 16.9 Premium and Other Income 829 899 70 8.4 Asset Management Profit 54 65 10 18.8 Claims and Other Payment 251 304 53 21.2 Asset Management Expense 5 5

  • Total Assets

3,141 3,746 605 19.3 Solvency Margin Ratio 1,734.6 2,078.8 344.2 (Reference) Annualized Premiums (Unit: 100 Million yen, %) New Policy 116 99

  • 16
  • 14.0

Policies in Force 642 684 42 6.5 FY2007 P9（Reference Data）

slide-32
SLIDE 32
  • II. Operating Result Data
  • II. Operating Result Data
  • 1. Operating Premiums
  • 1. Operating Premiums

(1) By Class (1) By Class (Unit: 100 Million yen, %) Change % Change Change % Auto 4,695 1.2 4,653

  • 42
  • 0.9

CALI 1,657 2.8 1,634

  • 23
  • 1.4

Fire 1,181 7.6 1,144

  • 37
  • 3.1

P.A. 441 1.2 437

  • 4
  • 1.0

Marine 87 1.1 92 5 6.2 Other 652 3.9 676 25 3.8 Total 8,713 2.5 8,636

  • 77
  • 0.9

(2) By Channel (2) By Channel (Unit: 100 Million yen, %) Change % Change Change % Pro 2,971 0.3 2,908

  • 63
  • 2.1

Auto 1,762 2.8 1,765 3 0.2 Toyota Group 1,944 3.9 1,963 19 1.0 Toyota Gp Dealers 1,711 4.4 1,716 4 0.3 Toyota Gp Cos. 233 0.9 247 15 6.3 Other Dealers 260

  • 2.7

247

  • 12
  • 4.8

Corporates 936 4.9 938 2 0.2 Financial 267 0.6 254

  • 13
  • 4.8
  • /w bancassurance

36

  • 7.4

20

  • 16
  • 45.3

Other 573 9.1 561

  • 12
  • 2.1

Total 8,713 2.5 8,636

  • 77
  • 0.9

(3) Direct Premiums Income in Overseas (3) Direct Premiums Income in Overseas (Unit: 100 Million yen, %) Change % Change Change % F&I 263 51.6 318 55 21.0 JIA and Other 201 17.2 199

  • 2
  • 0.9

Total 464 34.5 517 53 11.5 FY2006 FY2007 FY2007 FY2006 FY2006 FY2007 P10（Reference Data）

slide-33
SLIDE 33
  • 2. Auto Insurance
  • 2. Auto Insurance

(1) Vehicle/Unit Price Trend (1) Vehicle/Unit Price Trend (Unit: %) FY2006 1Q FY2007 2Q FY2007 1H FY2007 3Q FY2007 4Q FY2007 FY2007 Premiums 1.2

  • 0.3
  • 1.1
  • 0.7
  • 1.1
  • 1.2
  • 0.9

Vehicles 1.4 0.7

  • 0.2

0.3

  • 0.3

0.1 0.1 Unit Prices

  • 0.2
  • 1.0
  • 0.9
  • 1.0
  • 0.7
  • 1.2
  • 1.0

(2) Fleet, Non-Fleet Vehicle/Unit Price Trend (2) Fleet, Non-Fleet Vehicle/Unit Price Trend (3) Switchover to "To (3) Switchover to "Top Run" Run" (Unit: %) (Unit: %) Premiums Increase Vehicle Increase Unit Price Increase Premiums Increase Vehicle Increase Unit Price Increase Total 1.2 1.4

  • 0.2
  • 0.9

0.1

  • 1.0

Total 54.8 54.4 Fleet 4.3 5.0

  • 0.7

3.0 0.7 2.3 New 44.5 42.8 Non-fleet 0.8 0.9

  • 0.1
  • 1.4

0.0

  • 1.4

Renewal 55.8 55.4 (4) Sales of Dedicated To (4) Sales of Dedicated Toyota Market Products

  • ta Market Products

(Unit: 1,000 Policies, 100 Million Yen) Policies Premiums Policies Premiums Convini Plan 55 57 49 50 Nagaraku Plan 36 31 36 29 Lexus Owners' Auto Insurance Plan 6 16 9 20

  • 3. Platform Products
  • 3. Platform Products

(Unit: 1,000 Policies, 100 Million Yen) Policies Premiums Policies Premiums Health Comp. (Live Lead) 218 87 205 86 Home Comp. 325 133 558 234 Traders Comp. 36 30 55 43 Construction Comp. 15 51 15 54 Transportation Comp. 1 5 1 6 Note: Total policies and operating result basis

  • 4. Lon
  • 4. Long-Term Fire Products
  • Term Fire Products

(Unit: 1,000 Policies, 100 Million Yen) Policies Premiums Policies Premiums 127 255 134 289 FY2007 FY2006 FY2006 FY2007 FY2007 FY2006 FY2007 FY2006 FY2006 FY2007 My Home Comprehensive P11（Reference Data）

slide-34
SLIDE 34
  • 5. Aioi Life
  • 5. Aioi Life

Sales of Main Products <Personal> FY2005 FY2006 FY2007 Cumulative (Since Launch) Policies Policies Policies Policies Jun 2004 9,533 3,133

  • 25,827

Nov 2004 2,037 1,563 1,468 5,813 Apr 2005 530 383 362 1,275 Jun 2005 4,734 1,796

  • 6,530

Oct 2005 453 981 921 2,355 Jun 2006

  • 1,644

885 2,529 Oct 2006

  • 2,017

3,813 5,830 Oct 2006

  • 4,505

6,195 10,700 Apr 2007

  • 111

111 Oct 2007

  • 6,204

6,204 Dec 2007

  • 312

312 28,070 30,880 34,122 93,072 <Group> FY2005 FY2006 FY2007 Cumulative (Since Launch)

  • No. of Insureds No. of Insureds No. of Insureds No. of Insureds

New Super Whole Life Premium 16,215 12,680 43,904 Group credit life cover with cancer diagnosis benefit (Feb 2004) Group credit life cover with three major diseases benefit (Feb 2006) Group credit life cover with eight major diseases benefit (Aug 2007) 13,568 Interst-Sensitive Private Pension Insurance (Lum-Sum payment) Interst-Sensitive Private Pension Insurance (Saving-Type) Kairos Product Name (Launch Date) (Reference) Variable Whole Life Insurance (Super Whole Life Premium and Carna included.) Product Name Launch Date New Income Protection Insurance Just One Zutto Luck Dream One Carna Super Whole Life Premium Doru Monogatari Just One α P12（Reference Data）

slide-35
SLIDE 35

Contact Address Contact Address

1-28-1, Ebisu, Shib 1-28-1, Ebisu, Shibuya-ku, Tokyo 150-8488 uya-ku, Tokyo 150-8488 TE TEL: +81- L: +81- 3- 3- 5789- 5789- 7135 7135 E-mail: k E-mail: k-ad adachi@ioi-sonp achi@ioi-sonpo.co.jp .co.jp

Aioi Insurance Company, Limited Aioi Insurance Company, Limited

Corporate Communication Department Corporate Communication Department Investor Relations Section Investor Relations Section

Thi This prese presentation contains sta tation contains statement ements referring to our future s referring to our future performances and forecasts, performances and forecasts, which enta ich entail certa il certain a n and uncert d uncertain ri n risks an sks and un d uncertai certaintie

  • nties. Plea
  • s. Please note that our f

se note that our future ture performanc performance, e, corporate stra corporate strategi tegies and ma es and manageme nagement policie nt policies might s might var vary due to c due to changes in anges in future condi ture condition tions. .