Dai-ichi Life Holdings, Inc.
8750・Prime Market・Insurance
Domestic Insurance Business
Core segment of the Domestic Life Insurance Business, comprising Dai-ichi Life Insurance and Dai-ichi Frontier Life Insurance
| Period | Current | Previous | Change |
|---|---|---|---|
| Ordinary revenues from external customers (Domestic Insurance Business) | ¥8,155,625 million | ¥7,708,824 million | ↑ |
| Segment profit (ordinary profit basis) | ¥676,269 million | ¥584,547 million | ↑ |
| Segment assets | ¥45,559,593 million | ¥44,373,610 million | ↑ |
| Premium and other income (Domestic Insurance Business) | ¥5,108,737 million | — | ↑ |
| Depreciation | ¥55,002 million | ¥54,278 million | ↑ |
| Increase in tangible and intangible fixed assets | ¥162,365 million | ¥148,846 million | ↑ |
| Interest and dividend income, etc. (Domestic Insurance Business) | ¥1,026,992 million | — | ↑ |
| Goodwill amortization (Domestic Insurance Business) | ¥1,037 million | — | — |
| Goodwill balance at period-end (Domestic Insurance Business) | ¥12,193 million | — | ↓ |
Business Details
Comprises a group of domestic insurance subsidiaries (Dai-ichi Life Insurance, Dai-ichi Frontier Life Insurance, Neo First Life Insurance, etc.). The segment offers a broad range of Individual Insurance and Individual Annuities as well as Group Insurance and Group Annuities, supporting customers' lifetime peace of mind through integrated consulting on protection and asset formation and succession. As the largest segment, accounting for approximately 72% of the Group's ordinary revenues from external customers, its revenue base has been strengthened by tailwinds from an improving domestic interest rate environment and increased sales at Dai-ichi Frontier Life.
Recent Overview
Both ordinary revenues and segment profit increased year on year, driven by increased sales at Dai-ichi Frontier Life and other factors
In the Domestic Insurance Business for FY2026 (ending March 2026), ordinary revenues from external customers reached ¥8,155,625 million (up approximately 5.8% year on year), and segment profit reached ¥676,269 million (up approximately 15.7% year on year), achieving increases in both revenue and profit. Increased sales at Dai-ichi Frontier Life contributed to the increase in premium and other income. In addition, interest and dividend income, etc. remained at a high level of ¥1,026,992 million, with the improving domestic interest rate environment contributing to a stronger revenue base. Segment assets expanded to ¥45,559,593 million compared to the end of the prior period.
Key Products
Growth Drivers
- Expansion of premium and other income driven by increased sales of foreign currency-denominated and variable insurance at Dai-ichi Frontier Life
- Increase in interest and dividend income and improvement in positive spread due to rising domestic interest rates
- Improvement in portfolio returns driven by increased dividends from alternative assets and domestic and foreign equities and bonds
- Ecosystem expansion and expansion into non-insurance domains through the acquisition of Benefit One (membership base of over 10 million)
- Effects of new product launches at Dai-ichi Life and strengthened new business acquisition of protection-type products
Risks
- Risk of a pause in sales volume and decline in new policies at Dai-ichi Frontier Life due to declining overseas interest rates
- Risk of increased losses on sales of securities associated with the domestic equity reduction plan
- Long-term risk of contraction in the domestic insurance market due to population decline and aging
- Trust recovery costs and reputational risk associated with a personal information leakage incident involving a staff member seconded to an insurance agency
- Costs of responding to economic value-based solvency regulations and impact on capital adequacy ratios
- Risk of ordinary expenses remaining elevated due to a substantial increase in provision for policy reserves, etc. (up approximately 430.8% year on year)
Last updated: June 16, 2026