Dai-ichi Life Holdings (8750) Investor presentation summary

Domestic protection business overview

• Maintains a stable core position with over ¥28 trillion in annualized premium in-force, generating steady cash flow.

• Protection products show a declining trend, but the market remains above ¥1 trillion annually; savings-type products have doubled since FY2019.

• Group companies target diverse customer segments, including core protection, savings, comparison shoppers, and pet owners.

• The 'Lifelong Design Designer' channel is central, offering a wide range of products and serving as a key sales force with about 35,100 members.

• Focus on expanding into the SME market, with new contracts from business owner insurance contributing 29% in FY2025 H1.

Strategic initiatives and operational efficiency

• Emphasizes integrated value of protection and asset formation/transfer, responding to demographic and market changes.

• Strengthens product development from both protection and asset formation perspectives, leveraging group synergies.

• Implements business model transformation, digitalization, and AI to enhance productivity and reduce costs.

• Pursues a B2B2C model, maximizing group synergies to increase customer lifetime value and mid-term business value.

• Enhances governance and CRM, with improved retention rates for new sales staff and expanded digital support.

Asset formation and succession business strategy

• Aims to contribute to customers' financial well-being globally through innovative savings, pension, and investment products.

• Targets ¥700 billion in adjusted profit by 2030, shifting resources to high-growth, high-efficiency areas.

• Expands both spread (insurance/pension) and fee (asset management) businesses, seeking portfolio transformation.

• Develops products and solutions tailored to growth regions and asset classes, supporting asset formation and succession needs.

• Leverages group asset management capabilities to enhance investment returns and product competitiveness.