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UNOFFICIAL TRANSLATION

This document is an unofficial English translation of the Japanese original.

Summary of Consolidated Financial Results for the nine months ended December 31, 2013 Supplementary Information

February 14, 2014

NKSJ Holdings, Inc.


Securities code : 8630

Summary of Consolidated Financial Results for the nine months ended December 31, 2013 Contents Supplementary Information

Overview of Business Results of Principal Consolidated Subsidiaries Sompo Japan Insurance Inc. (Non-consolidated) Quarterly Balance Sheet Quarterly Statement of Income Premiums Written and Claims Paid by Business Lines Solvency Margin Ratio (Non-consolidated) NIPPONKOA Insurance Co., Ltd. (Non-consolidated) Quarterly Balance Sheet Quarterly Statement of Income Premiums Written and Claims Paid by Business Lines Solvency Margin Ratio (Non-consolidated) Sonpo 24 Insurance Company Limited (Non-Consolidated) Quarterly Balance Sheet Quarterly Statement of Income Premiums Written and Claims Paid by Business Lines Solvency Margin Ratio (Non-consolidated) Saison Automobile and Fire Insurance Company, Limited (Non-consolidated) Quarterly Balance Sheet Quarterly Statement of Income Premiums Written and Claims Paid by Business Lines Solvency Margin Ratio (Non-consolidated) NKSJ Himawari Life Insurance, Inc. (Non-consolidated) Quarterly Balance Sheet Quarterly Statement of Income Major Business Results (Total amount of policies in force, total amount of new policies, and annualized premiums) Solvency Margin Ratio (Non-consolidated) Sompo Japan DIY Life Insurance Co., Ltd. (Non-consolidated) Quarterly Balance Sheet Quarterly Statement of Income Major Business Results (Total amount of policies in force, total amount of new policies, and annualized premiums) Solvency Margin Ratio (Non-consolidated) 2 2 3 4 5 6 6 7 8 9 10 10 11 12 13 14 14 15 16 17 18 18 19 20 21 22 22 23 24 25

Supplementary Explanation 26 Calculation of ratios, etc. 26 Solvency margin ratio (Non-consolidated) 26

NKSJ Holdings, Inc.

Overview of Business Results of Principal Consolidated Subsidiaries


Sompo Japan Insurance Inc. (Non-consolidated)
Quarterly Balance Sheet
As of March 31, 2013 As of December 31, 2013 (Millions of yen) Increase (Decrease)

Amount Assets: Cash and deposits Call loans Receivables under resale agreements Monetary receivables bought Money trusts Securities Loans Tangible fixed assets Intangible fixed assets Other assets Deferred tax assets Customers' liabilities for acceptances and guarantees Allowance for possible credit losses Allowance for possible investment losses Total assets Liabilities: Underwriting funds: Reserve for outstanding losses and claims Underwriting reserves Corporate bonds Other liabilities Reserve for retirement benefits Reserve for bonus payments Reserve for bonus payments to directors Reserves under the special laws: Reserve for price fluctuation Acceptances and guarantees Total liabilities Net assets: Shareholders' equity: Common stock Capital surplus Retained earnings Total shareholders' equity Valuation and translation adjustments: Unrealized gains and losses on securities available for sale Deferred gains and losses on hedges Total valuation and translation adjustments Total net assets Total liabilities and net assets 238,184 56,700 80,483 21,542 28,995 3,184,642 411,282 208,482 86 411,065 79,760 35,200 (2,468) (8,880) 4,745,077 3,376,310 614,979 2,761,331 261,560 257,692 76,187 13,753 140 19,388 19,388 35,200 4,040,233

Amount 86,900 83,800 110,981 17,144 67,922 3,439,951 419,162 205,946 85 420,074 21,166 16,000 (2,405) (8,793) 4,877,936 3,399,195 624,194 2,775,000 261,560 219,370 80,053 4,822 23,430 23,430 16,000 4,004,432 (151,283) 27,100 30,497 (4,398) 38,926 255,309 7,880 (2,536) (0) 9,009 (58,594) (19,200) 62 86 132,859 22,884 9,215 13,669 (38,322) 3,866 (8,931) (140) 4,041 4,041 (19,200) (35,801)

70,000 24,229 169,069 263,299

70,000 24,229 193,234 287,464

24,164 24,164

441,544 441,544 704,843 4,745,077

585,957 82 586,040 873,504 4,877,936

144,413 82 144,496 168,660 132,859

NKSJ Holdings, Inc.

Sompo Japan Insurance Inc. (Non-consolidated)


Quarterly Statement of Income
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Amount Ordinary income: Underwriting income: Net premiums written Deposits of premiums by policyholders Interest and dividend income on deposits of premiums, etc. Reversal of reserve for outstanding losses and claims Reversal of underwriting reserves Investment income: Interest and dividend income Investment gains on money trusts Investment gains on trading securities Gains on sales of securities Transfer of interest and dividend income on deposits of premiums, etc. Other ordinary income Ordinary expenses: Underwriting expenses: Net claims paid Loss adjustment expenses Net commissions and brokerage fees Maturity refunds to policyholders Provision for reserve for outstanding losses and claims Provision for underwriting reserves Investment expenses: Investment losses on money trusts Losses on sales of securities Impairment losses on securities Operating, general and administrative expenses Other ordinary expenses: Interest paid Ordinary profit Extraordinary gains: Gains on disposal of fixed assets Extraordinary losses: Losses on disposal of fixed assets Impairment losses Provision for reserves under the special laws: Provision for reserve for price fluctuation Other extraordinary losses Net income before income taxes Income taxes and deferred income taxes Net income Underwriting result: Net premiums written Net claims paid Loss adjustment expenses Net operating expenses: Net commissions and brokerage fees Operating, general and administrative expenses related to underwriting Underwriting result Underwriting profit (loss) Ratios: Net loss ratio Net operating expenses ratio Underwriting result ratio 1,251,624 1,179,084 994,341 81,263 25,744 4,264 70,702 68,469 55,956 110 13 37,968 (25,744) 4,070 1,234,041 1,027,801 634,235 66,112 170,386 154,978 37,522 679 28,133 162,770 5,948 5,515 17,582 74 74 9,129 169 302 1,230 1,230 7,427 8,526 2,790 5,735 Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount 1,250,313 1,162,824 1,051,786 81,799 24,179 83,555 56,281 2,279 41,410 (24,179) 3,933 1,199,489 1,011,883 607,139 68,444 180,769 130,625 9,215 13,669 22,595 3 1,394 10,748 156,136 8,873 8,678 50,824 185 185 12,937 418 215 4,041 4,041 8,262 38,072 13,907 24,164 Increase (Decrease) (Millions of yen) Rate of change

% (1,310) (16,259) 57,445 536 (1,564) (4,264) (70,702) 15,085 325 2,168 (13) 3,442 1,564 (136) (34,552) (15,917) (27,095) 2,331 10,383 (24,353) 9,215 13,669 (14,926) 3 714 (17,385) (6,633) 2,924 3,163 33,242 111 111 3,807 248 (86) 2,811 2,811 834 29,546 11,117 18,429 (0.1) (1.4) 5.8 0.7 (6.1) (100.0) (100.0) 22.0 0.6 1,960.0 (100.0) 9.1 (3.4) (2.8) (1.5) (4.3) 3.5 6.1 (15.7) (39.8) 105.1 (61.8) (4.1) 49.2 57.4 189.1 149.8 149.8 41.7 146.9 (28.7) 228.4 228.4 11.2 346.5 398.3 321.3

994,341 634,235 66,112 326,013 170,386 155,627 (32,020) (5,568)

1,051,786 607,139 68,444 330,741 180,769 149,971 45,460 1,129 64.2 31.4 4.3

57,445 (27,095) 2,331 4,728 10,383 (5,655) 77,480 6,697 (6.2) (1.3) 7.5

5.8 (4.3) 3.5 1.5 6.1 (3.6)

70.4 32.8 (3.2)

NKSJ Holdings, Inc.

Sompo Japan Insurance Inc. (Non-consolidated)


Premiums Written and Claims Paid by Business Lines
Direct premiums written (excluding deposits of premiums by policyholders)
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total Deposits of premiums by policyholders 144,783 23,886 101,850 491,992 149,815 145,868 1,058,197 81,263 13.7 2.3 9.6 46.5 14.2 13.8 100.0 5.4 1.5 1.0 2.1 2.4 4.6 2.8 (12.2) Rate of change % 151,557 26,885 102,736 511,690 168,881 160,523 1,122,275 81,799 13.5 2.4 9.2 45.6 15.0 14.3 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % 4.7 12.6 0.9 4.0 12.7 10.0 6.1 0.7 Rate of change %

Net premiums written


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 118,077 19,203 100,758 493,537 141,902 120,861 994,341 11.9 1.9 10.1 49.6 14.3 12.2 100.0 7.7 3.4 1.1 2.2 7.9 (0.3) 3.2 Rate of change % 129,554 22,642 102,288 513,496 152,891 130,913 1,051,786 12.3 2.2 9.7 48.8 14.5 12.4 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % 9.7 17.9 1.5 4.0 7.7 8.3 5.8 Rate of change %

Net claims paid


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount Rate of change % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 87,690 11,452 54,200 302,977 119,686 58,228 634,235 (43.9) (11.4) 1.7 1.5 0.1 (2.4) (9.4) 76.7 63.5 58.9 70.0 91.5 52.2 70.4 Net loss ratio % 71,169 15,897 55,564 287,991 118,807 57,710 607,139 (18.8) 38.8 2.5 (4.9) (0.7) (0.9) (4.3) (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount Rate of change % 56.7 73.4 59.7 64.6 85.1 47.9 64.2 Net loss ratio %

NKSJ Holdings, Inc.

Sompo Japan Insurance Inc. (Non-consolidated)


Solvency Margin Ratio (Non-consolidated)
As of March 31, 2013 (A) Total Solvency Margin (Non-consolidated) Capital and funds, etc. Reserve for price fluctuation Contingency reserve Catastrophic loss reserve General allowance for possible credit losses Unrealized gains and losses on securities (before tax effect deductions) Unrealized gains and losses on land Excess amount of reserve for maturity refunds Subordinated debt, etc. Excess amount of reserve for maturity refunds and subordinated debt, etc. which are excluded from total solvency margin Deductions Others (B) Total Risks (Non-consolidated) 1,493,106 263,299 19,388 611 385,026 215 571,425 22,103 261,560 92,366 61,841 462,503 110,429 16,828 279,657 10,843 135,276 645.6 % (Millions of yen) As of December 31, 2013 1,730,735 287,464 23,430 611 406,714 222 742,429 21,386 261,560 85,456 72,374 468,405 111,052 16,641 309,227 11,001 113,133 738.9 %

(R1 + R2 )2 + (R3 + R4 )2

+ R5 + R6

Underwriting risk ( R1 ) Underwriting risk for third-sector insurance products including accident, sickness and nursing-care insurance ( R2 ) Guaranteed interest rate risk ( R3 ) ( R4 ) Investment risk ( R5 ) Business management risk
( R6 ) Major catastrophe risk (C) Solvency Margin Ratio (Non-consolidated) [ (A) / {(B) 1/2} ] 100
Note)

The above figures are calculated based on provisions of Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No. 50 of the Ministry of Finance (1996). The figures as of December 31, 2013 are partly calculated by using the simplified method, for example, some bases for the major catastrophe risk calculation are deemed same as the figures as of September 30, 2013.

NKSJ Holdings, Inc.

NIPPONKOA Insurance Co., Ltd. (Non-consolidated)


Quarterly Balance Sheet
As of March 31, 2013 As of December 31, 2013 (Millions of yen) Increase (Decrease)

Amount Assets: Cash and deposits Call loans Monetary receivables bought Money trusts Securities Loans Tangible fixed assets Intangible fixed assets Other assets Deferred tax assets Allowance for possible credit losses Total assets Liabilities: Underwriting funds: Reserve for outstanding losses and claims Underwriting reserves Other liabilities Reserve for retirement benefits Reserve for bonus payments Reserve for bonus payments to directors Reserves under the special laws: Reserve for price fluctuation Total liabilities Net assets: Shareholders' equity: Common stock Capital surplus Retained earnings Total shareholders' equity Valuation and translation adjustments: Unrealized gains and losses on securities available for sale Deferred gains and losses on hedges Total valuation and translation adjustments Total net assets Total liabilities and net assets 135,943 10,000 426 38,783 1,629,386 188,452 121,832 514 144,076 25,441 (1,687) 2,293,170 1,713,373 281,518 1,431,855 94,998 24,020 6,786 41 13,849 13,849 1,853,069

Amount 121,417 38,000 384 29,253 1,648,350 173,997 115,200 514 148,263 11,284 (1,587) 2,285,078 1,673,107 282,096 1,391,010 79,480 24,946 1,592 15,752 15,752 1,794,879 (14,526) 28,000 (41) (9,530) 18,963 (14,454) (6,632) (0) 4,187 (14,157) 99 (8,091) (40,266) 578 (40,844) (15,517) 926 (5,193) (41) 1,903 1,903 (58,189)

91,249 21,702 80,045 192,996

91,249 21,702 96,317 209,268

16,272 16,272

239,450 7,653 247,104 440,100 2,293,170

274,867 6,061 280,929 490,198 2,285,078

35,417 (1,591) 33,825 50,098 (8,091)

NKSJ Holdings, Inc.

NIPPONKOA Insurance Co., Ltd. (Non-consolidated)


Quarterly Statement of Income
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Amount Ordinary income: Underwriting income: Net premiums written Deposits of premiums by policyholders Interest and dividend income on deposits of premiums, etc. Reversal of reserve for outstanding losses and claims Reversal of underwriting reserves Investment income: Interest and dividend income Investment gains on money trusts Gains on sales of securities Transfer of interest and dividend income on deposits of premiums, etc. Other ordinary income Ordinary expenses: Underwriting expenses: Net claims paid Loss adjustment expenses Net commissions and brokerage fees Maturity refunds to policyholders Provision for reserve for outstanding losses and claims Investment expenses: Investment losses on money trusts Losses on sales of securities Impairment losses on securities Operating, general and administrative expenses Other ordinary expenses: Interest paid Ordinary profit Extraordinary gains: Gains on disposal of fixed assets Extraordinary losses: Losses on disposal of fixed assets Impairment losses Provision for reserves under the special laws: Provision for reserve for price fluctuation Other extraordinary losses Net income before income taxes Income taxes and deferred income taxes Net income Underwriting result: Net premiums written Net claims paid Loss adjustment expenses Net operating expenses: Net commissions and brokerage fees Operating, general and administrative expenses related to underwriting Underwriting result Underwriting profit (loss) Ratios: Net loss ratio Net operating expenses ratio Underwriting result ratio 667,307 617,607 480,334 33,283 13,063 8,525 82,214 48,769 31,580 304 25,537 (13,063) 931 622,117 530,465 326,897 29,894 84,060 89,374 5,542 106 2,243 2,121 85,814 294 35 45,189 173 173 11,515 91 1,170 1,925 1,925 8,327 33,847 11,271 22,576 Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount 639,692 581,247 500,512 25,668 12,391 40,844 57,324 31,984 1,502 33,369 (12,391) 1,121 603,267 507,951 306,787 29,911 89,352 81,053 578 11,902 381 5,416 142 83,180 233 12 36,425 1,466 1,466 15,722 1,221 3,667 1,903 1,903 8,930 22,169 5,897 16,272 Increase (Decrease) (Millions of yen) Rate of change

% (27,614) (36,359) 20,177 (7,614) (672) (8,525) (41,370) 8,554 403 1,198 7,831 672 190 (18,849) (22,513) (20,109) 16 5,292 (8,320) 578 6,359 274 3,172 (1,978) (2,634) (61) (22) (8,764) 1,293 1,293 4,206 1,129 2,496 (22) (22) 603 (11,678) (5,374) (6,304) (4.1) (5.9) 4.2 (22.9) (5.1) (100.0) (50.3) 17.5 1.3 393.8 30.7 20.4 (3.0) (4.2) (6.2) 0.1 6.3 (9.3) 114.7 257.1 141.4 (93.3) (3.1) (20.9) (63.2) (19.4) 745.7 745.7 36.5 1,228.9 213.3 (1.2) (1.2) 7.2 (34.5) (47.7) (27.9)

480,334 326,897 29,894 166,303 84,060 82,242 (42,761) 3,892

500,512 306,787 29,911 169,582 89,352 80,229 (5,770) (8,115) 67.3 33.9 (1.2)

20,177 (20,109) 16 3,279 5,292 (2,012) 36,990 (12,008) (7.0) (0.7) 7.7

4.2 (6.2) 0.1 2.0 6.3 (2.4) (308.5)

74.3 34.6 (8.9)

NKSJ Holdings, Inc.

NIPPONKOA Insurance Co., Ltd. (Non-consolidated)


Premiums Written and Claims Paid by Business Lines
Direct premiums written (excluding deposits of premiums by policyholders)
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total Deposits of premiums by policyholders 94,807 10,523 38,016 242,687 66,351 68,432 520,818 33,283 18.2 2.0 7.3 46.7 12.7 13.1 100.0 3.3 (4.4) (0.2) 1.3 3.3 3.2 1.9 1.9 Rate of change % 98,860 11,554 37,315 244,408 73,362 72,550 538,052 25,668 18.4 2.1 6.9 45.4 13.6 13.5 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % 4.3 9.8 (1.8) 0.7 10.6 6.0 3.3 (22.9) Rate of change %

Net premiums written


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 62,748 9,907 39,599 242,297 63,954 61,827 480,334 13.1 2.1 8.2 50.4 13.3 12.9 100.0 (7.3) (2.7) 1.7 1.1 8.7 (0.1) 0.7 Rate of change % 70,146 11,684 39,767 244,205 68,768 65,939 500,512 14.0 2.3 7.9 48.8 13.7 13.2 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % 11.8 17.9 0.4 0.8 7.5 6.6 4.2 Rate of change %

Net claims paid


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount Rate of change % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 64,596 4,031 20,190 150,779 54,706 32,594 326,897 (42.8) (13.2) (7.3) (1.7) (0.5) 0.1 (14.0) 107.0 42.4 55.4 69.7 92.4 57.6 74.3 Net loss ratio % 50,077 6,059 20,654 142,502 54,146 33,347 306,787 (22.5) 50.3 2.3 (5.5) (1.0) 2.3 (6.2) (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount Rate of change % 74.9 53.3 56.2 65.7 85.5 54.9 67.3 Net loss ratio %

NKSJ Holdings, Inc.

NIPPONKOA Insurance Co., Ltd. (Non-consolidated)


Solvency Margin Ratio (Non-consolidated)
As of March 31, 2013 (A) Total Solvency Margin (Non-consolidated) Capital and funds, etc. Reserve for price fluctuation Contingency reserve Catastrophic loss reserve General allowance for possible credit losses Unrealized gains and losses on securities (before tax effect deductions) Unrealized gains and losses on land Excess amount of reserve for maturity refunds Subordinated debt, etc. Excess amount of reserve for maturity refunds and subordinated debt, etc. which are excluded from total solvency margin Deductions Others (B) Total Risks (Non-consolidated) 710,509 192,996 13,849 8 178,714 50 303,023 13,706 11,769 19,928 266,095 57,467 0 9,261 148,113 6,145 92,411 534.0 % (Millions of yen) As of December 31, 2013 779,266 209,268 15,752 8 175,143 39 348,327 15,570 11,769 26,925 230,261 57,709 0 9,089 142,546 5,438 62,576 676.8 %

(R1 + R2 )2 + (R3 + R4 )2

+ R5 + R6

Underwriting risk ( R1 ) Underwriting risk for third-sector insurance products including accident, sickness and nursing-care insurance ( R2 ) Guaranteed interest rate risk ( R3 ) ( R4 ) Investment risk ( R5 ) Business management risk
( R6 ) Major catastrophe risk (C) Solvency Margin Ratio (Non-consolidated) [ (A) / {(B) 1/2} ] 100
Note)

The above figures are calculated based on provisions of Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No. 50 of the Ministry of Finance (1996). The figures as of December 31, 2013 are partly calculated by using the simplified method, for example, some bases for the major catastrophe risk calculation are deemed same as the figures as of September 30, 2013.

NKSJ Holdings, Inc.

Sonpo 24 Insurance Company Limited (Non-consolidated)


Quarterly Balance Sheet
As of March 31, 2013 As of December 31, 2013 (Millions of yen) Increase (Decrease)

Amount Assets: Cash and deposits Securities Tangible fixed assets Other assets Total assets Liabilities: Underwriting funds: Reserve for outstanding losses and claims Underwriting reserves Other liabilities Reserve for retirement benefits Reserve for bonus payments Reserves under the special laws: Reserve for price fluctuation Deferred tax liabilities Total liabilities Net assets: Shareholders' equity: Common stock Capital surplus Retained earnings Total shareholders' equity Valuation and translation adjustments: Unrealized gains and losses on securities available for sale Total valuation and translation adjustments Total net assets Total liabilities and net assets 2,169 17,196 161 957 20,484 11,892 4,026 7,866 1,912 158 90 30 30 12 14,096

Amount 2,387 17,337 223 779 20,727 12,671 4,572 8,099 1,367 181 24 32 32 8 14,285 217 140 62 (178) 242 779 545 233 (545) 22 (66) 2 2 (3) 189

19,000 19,000 (31,639) 6,360

19,000 19,000 (31,577) 6,422

61 61

27 27 6,388 20,484

19 19 6,441 20,727

(8) (8) 53 242

10

NKSJ Holdings, Inc.

Sonpo 24 Insurance Company Limited (Non-consolidated)


Quarterly Statement of Income
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Amount Ordinary income: Underwriting income: Net premiums written Interest and dividend income on deposits of premiums, etc. Investment income: Interest and dividend income Transfer of interest and dividend income on deposits of premiums, etc. Other ordinary income Ordinary expenses: Underwriting expenses: Net claims paid Loss adjustment expenses Net commissions and brokerage fees Provision for reserve for outstanding losses and claims Provision for underwriting reserves Operating, general and administrative expenses Other ordinary expenses Ordinary profit (loss) Extraordinary losses: Losses on disposal of fixed assets Provision for reserves under the special laws: Provision for reserve for price fluctuation Net income (loss) before income taxes Income taxes and deferred income taxes Net income (loss) Underwriting result: Net premiums written Net claims paid Loss adjustment expenses Net operating expenses: Net commissions and brokerage fees Operating, general and administrative expenses related to underwriting Underwriting result Underwriting profit (loss) Ratios: Net loss ratio Net operating expenses ratio Underwriting result ratio 9,804 9,725 9,719 5 78 84 (5) 0 9,860 7,652 5,801 685 656 140 368 2,205 2 (55) 2 0 2 2 (58) 2 (61) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount 10,320 10,303 10,297 6 15 22 (6) 0 10,252 7,984 5,813 704 687 545 233 2,267 0 67 3 0 2 2 64 2 61 Increase (Decrease) (Millions of yen) Rate of change

% 515 578 577 0 (62) (62) (0) (0) 391 332 12 18 31 405 (135) 61 (1) 123 0 0 0 0 123 123 5.3 5.9 5.9 6.2 (79.8) (73.9) (25.6) 4.0 4.3 0.2 2.7 4.8 288.1 (36.8) 2.8 (92.4) 13.6 75.2 2.8 2.8

9,719 5,801 685 2,859 656 2,203 373 (130)

10,297 5,813 704 2,952 687 2,265 826 53 63.3 28.7 8.0

577 12 18 93 31 61 453 184 (3.4) (0.7) 4.2

5.9 0.2 2.7 3.3 4.8 2.8 121.6

66.7 29.4 3.8

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NKSJ Holdings, Inc.

Sonpo 24 Insurance Company Limited (Non-consolidated)


Premiums Written and Claims Paid by Business Lines
Direct premiums written (excluding deposits of premiums by policyholders)
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total Deposits of premiums by policyholders 9,634 9,634 100.0 100.0 10.1 10.1 Rate of change % 10,198 10,198 100.0 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % 5.9 5.9 Rate of change %

Net premiums written


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 9,551 168 9,719 98.3 1.7 100.0 10.1 20.4 10.3 Rate of change % 10,109 187 10,297 98.2 1.8 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % 5.8 11.4 5.9 Rate of change %

Net claims paid


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount Rate of change % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 5,622 178 5,801 9.4 3.8 9.2 66.0 106.2 66.7 Net loss ratio % 5,627 186 5,813 0.1 4.3 0.2 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount Rate of change % 62.6 99.3 63.3 Net loss ratio %

12

NKSJ Holdings, Inc.

Sonpo 24 Insurance Company Limited (Non-consolidated)


Solvency Margin Ratio (Non-consolidated)
As of March 31, 2013 (A) Total Solvency Margin (Non-consolidated) Capital and funds, etc. Reserve for price fluctuation Contingency reserve Catastrophic loss reserve General allowance for possible credit losses Unrealized gains and losses on securities (before tax effect deductions) Unrealized gains and losses on land Excess amount of reserve for maturity refunds Subordinated debt, etc. Excess amount of reserve for maturity refunds and subordinated debt, etc. which are excluded from total solvency margin Deductions Others (B) Total Risks (Non-consolidated) 6,837 6,360 30 410 36 1,930 1,678 476 68 118 708.1 % (Millions of yen) As of December 31, 2013 6,805 6,422 32 324 25 1,924 1,684 373 65 133 707.2 %

(R1 + R2 )2 + (R3 + R4 )2

+ R5 + R6

Underwriting risk ( R1 ) Underwriting risk for third-sector insurance products including accident, sickness and nursing-care insurance ( R2 ) Guaranteed interest rate risk ( R3 ) ( R4 ) Investment risk ( R5 ) Business management risk
( R6 ) Major catastrophe risk (C) Solvency Margin Ratio (Non-consolidated) [ (A) / {(B) 1/2} ] 100
Note)

The above figures are calculated based on provisions of Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No. 50 of the Ministry of Finance (1996). The figures as of December 31, 2013 are partly calculated by using the simplified method, for example, some bases for the investment risk calculation are deemed same as the figures as of September 30, 2013.

13

NKSJ Holdings, Inc.

Saison Automobile and Fire Insurance Company, Limited (Non-consolidated)


Quarterly Balance Sheet
As of March 31, 2013 As of December 31, 2013 (Millions of yen) Increase (Decrease)

Amount Assets: Cash and deposits Money trusts Securities Loans Tangible fixed assets Intangible fixed assets Other assets Allowance for possible credit losses Total assets Liabilities: Underwriting funds: Reserve for outstanding losses and claims Underwriting reserves Other liabilities Reserve for retirement benefits to directors Reserve for bonus payments Reserves under the special laws: Reserve for price fluctuation Deferred tax liabilities Total liabilities Net assets: Shareholders' equity: Common stock Capital surplus Retained earnings Total shareholders' equity Valuation and translation adjustments: Unrealized gains and losses on securities available for sale Total valuation and translation adjustments Total net assets Total liabilities and net assets 1,834 1,369 29,041 10 256 3,224 2,634 (0) 38,371 24,543 5,234 19,309 2,472 34 228 13 13 255 27,546

Amount 11,056 25,116 7 259 3,437 3,368 (0) 43,246 25,602 5,406 20,196 1,855 40 107 17 17 155 27,778 9,222 (1,369) (3,925) (3) 3 213 733 0 4,874 1,059 172 887 (617) 6 (120) 4 4 (100) 232

15,110 13,348 (18,378) 10,079

20,110 18,347 (23,429) 15,028

5,000 4,999 (5,050) 4,949

745 745 10,824 38,371

439 439 15,467 43,246

(306) (306) 4,642 4,874

14

NKSJ Holdings, Inc.

Saison Automobile and Fire Insurance Company, Limited (Non-consolidated)


Quarterly Statement of Income
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Amount Ordinary income: Underwriting income: Net premiums written Deposits of premiums by policyholders Interest and dividend income on deposits of premiums, etc. Reversal of reserve for outstanding losses and claims Investment income: Interest and dividend income Investment gains on money trusts Investment gains on trading securities Gains on sales of securities Transfer of interest and dividend income on deposits of premiums, etc. Other ordinary income Ordinary expenses: Underwriting expenses: Net claims paid Loss adjustment expenses Net commissions and brokerage fees Maturity refunds to policyholders Provision for reserve for outstanding losses and claims Provision for underwriting reserves Investment expenses: Losses on sales of securities Operating, general and administrative expenses Other ordinary expenses: Interest paid Ordinary loss Extraordinary gains: Reversal of reserves under the special laws: Reversal of reserve for price fluctuation Extraordinary losses: Losses on disposal of fixed assets Impairment losses Provision for reserves under the special laws: Provision for reserve for price fluctuation Other extraordinary losses Net loss before income taxes Income taxes and deferred income taxes Net loss Underwriting result: Net premiums written Net claims paid Loss adjustment expenses Net operating expenses: Net commissions and brokerage fees Operating, general and administrative expenses related to underwriting Underwriting result Underwriting profit (loss) Ratios: Net loss ratio Net operating expenses ratio Underwriting result ratio 13,669 13,249 12,791 309 33 114 139 144 0 2 24 (33) 280 17,479 10,999 6,512 894 1,117 501 1,969 118 113 6,304 56 9 (3,810) 1 1 1 3 1 2 (3,812) 15 (3,827) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount 15,049 14,568 14,288 248 30 474 123 30 0 323 (30) 6 19,915 12,109 8,135 1,124 1,130 654 172 887 5 1 7,735 65 6 (4,865) 177 1 1 4 4 170 (5,043) 7 (5,050) Increase (Decrease) (Millions of yen) Rate of change

% 1,380 1,319 1,497 (60) (2) (114) 335 (21) 29 (2) 298 2 (274) 2,435 1,109 1,623 230 13 153 172 (1,082) (113) (112) 1,430 8 (2) (1,055) (1) (1) (1) 173 0 (0) 4 4 170 (1,231) (8) (1,222) 10.1 10.0 11.7 (19.6) (8.1) (100.0) 241.0 (14.6) 4,969.9 (98.0) 1,224.9 (97.7) 13.9 10.1 24.9 25.7 1.2 30.6 (55.0) (95.5) (98.6) 22.7 15.3 (32.2) (100.0) (100.0) (100.0) 4,574.2 0.4 (30.0) (53.7)

12,791 6,512 894 7,068 1,117 5,951 (1,684) (3,639)

14,288 8,135 1,124 8,844 1,130 7,713 (3,815) (5,215) 64.8 61.9 (26.7)

1,497 1,623 230 1,775 13 1,762 (2,131) (1,575) 6.9 6.6 (13.5)

11.7 24.9 25.7 25.1 1.2 29.6

57.9 55.3 (13.2)

15

NKSJ Holdings, Inc.

Saison Automobile and Fire Insurance Company, Limited (Non-consolidated)


Premiums Written and Claims Paid by Business Lines
Direct premiums written (excluding deposits of premiums by policyholders)
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total Deposits of premiums by policyholders 2,539 3,329 8,074 61 665 14,669 309 17.3 22.7 55.0 0.4 4.5 100.0 1.5 (100.0) (3.1) 33.6 (43.5) 6.9 15.4 (23.7) Rate of change % 1,813 3,090 10,148 (1) 722 15,773 248 11.5 19.6 64.3 (0.0) 4.6 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % (28.6) (7.2) 25.7 (102.0) 8.6 7.5 (19.6) Rate of change %

Net premiums written


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount % of total amount % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 1,764 19 2,046 8,011 284 665 12,791 13.8 0.2 16.0 62.6 2.2 5.2 100.0 (0.1) (10.5) (2.1) 33.6 (15.2) 11.1 18.3 Rate of change % 1,232 21 1,971 10,047 288 727 14,288 8.6 0.2 13.8 70.3 2.0 5.1 100.0 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount % of total amount % (30.1) 7.4 (3.7) 25.4 1.4 9.3 11.7 Rate of change %

Net claims paid


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Business line Amount Rate of change % Fire and allied insurance Marine insurance Personal accident insurance Voluntary automobile insurance Compulsory automobile liability insurance Others Total 342 13 1,354 4,362 380 59 6,512 (46.8) (25.1) 4.1 15.9 9.0 (59.1) 4.6 21.6 65.5 76.7 61.7 138.9 15.3 57.9 Net loss ratio % 284 44 1,514 5,806 366 119 8,135 (17.1) 240.8 11.8 33.1 (3.5) 101.2 24.9 (Millions of yen) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount Rate of change % 26.8 207.6 89.7 65.4 130.5 23.6 64.8 Net loss ratio %

16

NKSJ Holdings, Inc.

Saison Automobile and Fire Insurance Company, Limited (Non-consolidated)


Solvency Margin Ratio (Non-consolidated)
As of March 31, 2013 (A) Total Solvency Margin (Non-consolidated) Capital and funds, etc. Reserve for price fluctuation Contingency reserve Catastrophic loss reserve General allowance for possible credit losses Unrealized gains and losses on securities (before tax effect deductions) Unrealized gains and losses on land Excess amount of reserve for maturity refunds Subordinated debt, etc. Excess amount of reserve for maturity refunds and subordinated debt, etc. which are excluded from total solvency margin Deductions Others (B) Total Risks (Non-consolidated) 13,821 10,079 13 11 2,812 900 4 2,315 1,442 28 825 85 554 1,193.6 % (Millions of yen) As of December 31, 2013 18,233 15,028 17 12 2,635 534 4 2,512 1,703 28 708 90 566 1,451.5 %

(R1 + R2 )2 + (R3 + R4 )2

+ R5 + R6

Underwriting risk ( R1 ) Underwriting risk for third-sector insurance products including accident, sickness and nursing-care insurance ( R2 ) Guaranteed interest rate risk ( R3 ) ( R4 ) Investment risk ( R5 ) Business management risk
( R6 ) Major catastrophe risk (C) Solvency Margin Ratio (Non-consolidated) [ (A) / {(B) 1/2} ] 100
Note)

The above figures are calculated based on provisions of Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No. 50 of the Ministry of Finance (1996). The figures as of December 31, 2013 are partly calculated by using the simplified method, for example, some bases for the major catastrophe risk calculation are deemed same as the figures as of September 30, 2013.

17

NKSJ Holdings, Inc.

NKSJ Himawari Life Insurance, Inc. (Non-consolidated)


Quarterly Balance Sheet
As of March 31, 2013 As of December 31, 2013 (Millions of yen) Increase (Decrease)

Amount Assets: Cash and deposits Call loans Securities: Government bonds Municipal bonds Corporate bonds Domestic stocks Foreign securities Loans: Policy loans Tangible fixed assets Intangible fixed assets Agency accounts receivable Reinsurance accounts receivable Other assets Deferred tax assets Allowance for possible credit losses Total assets Liabilities: Policy reserves: Reserve for outstanding claims Policy reserves Reserve for dividends to policyholders Agency accounts payable Reinsurance accounts payable Other liabilities Reserve for bonus payments to directors Reserve for retirement benefits Reserves under the special laws: Reserve for price fluctuation Total liabilities Net assets: Shareholders' equity: Common stock Capital surplus Retained earnings Total shareholders' equity Valuation and translation adjustments: Unrealized gains and losses on securities available for sale Total valuation and translation adjustments Total net assets Total liabilities and net assets 46,850 1,836,684 1,304,484 100,045 372,069 10,366 49,718 35,012 35,012 1,411 2,088 179 1,761 35,259 13,433 (49) 1,972,630 1,856,426 28,345 1,823,979 4,100 3,711 1,254 11,886 52 2,146 2,218 2,218 1,877,696

Amount 23,106 9,000 1,946,458 1,429,762 78,225 344,521 11,218 82,731 35,566 35,566 1,237 1,328 85 1,869 38,429 14,571 (45) 2,071,608 1,956,734 31,560 1,920,861 4,312 2,331 849 9,619 2,498 2,546 2,546 1,974,579 (23,744) 9,000 109,774 125,278 (21,819) (27,548) 851 33,012 553 553 (173) (759) (93) 107 3,170 1,138 4 98,977 100,307 3,215 96,881 211 (1,379) (404) (2,267) (52) 352 327 327 96,883

17,250 30,000 20,380 67,630

17,250 30,000 26,251 73,501

5,871 5,871

27,304 27,304 94,934 1,972,630

23,526 23,526 97,028 2,071,608

(3,777) (3,777) 2,093 98,977

18

NKSJ Holdings, Inc.

NKSJ Himawari Life Insurance, Inc. (Non-consolidated)


Quarterly Statement of Income
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Amount Ordinary income: Insurance premiums and other: Insurance premiums Investment income: Interest and dividend income Gains on sales of securities Investment gains on special account Other ordinary income Ordinary expenses: Insurance claims and other: Insurance claims Annuity payments Insurance benefits Surrender benefits Other refunds Provision for policy reserves and other: Provision for reserve for outstanding claims Provision for policy reserves Provision for interest portion of reserve for dividends to policyholders Investment expenses: Interest paid Losses on sales of securities Impairment losses on securities Losses on derivatives Operating expenses Other ordinary expenses Ordinary profit Extraordinary gains: Gains on disposal of fixed assets and other Extraordinary losses: Losses on disposal of fixed assets and other Provision for reserves under the special laws: Provision for reserve for price fluctuation Provision for reserve for dividends to policyholders Net income before income taxes Income taxes and deferred income taxes Net income 296,048 268,352 264,968 26,453 24,386 1,630 418 1,242 287,040 127,115 23,791 2,710 22,595 73,111 1,070 95,697 2,554 93,141 1 1,042 70 135 793 24 60,168 3,015 9,007 0 0 246 10 236 236 2,784 5,976 2,584 3,391 Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount 304,328 272,763 269,784 30,739 26,496 1,494 2,699 825 291,923 128,911 24,555 5,220 25,017 69,586 1,241 100,096 3,215 96,881 0 296 51 187 37 59,419 3,199 12,404 386 58 327 327 2,831 9,186 3,315 5,871 Increase (Decrease) (Millions of yen) Rate of change

% 8,280 4,410 4,815 4,286 2,109 (135) 2,280 (416) 4,882 1,795 763 2,510 2,422 (3,525) 170 4,399 661 3,739 (1) (746) (18) 51 (793) 13 (748) 183 3,397 (0) (0) 139 48 91 91 46 3,209 730 2,479 2.8 1.6 1.8 16.2 8.7 (8.3) 544.3 (33.5) 1.7 1.4 3.2 92.6 10.7 (4.8) 15.9 4.6 25.9 4.0 (90.3) (71.6) (26.4) 38.4 (100.0) 54.5 (1.2) 6.1 37.7 (100.0) (100.0) 56.7 480.6 38.5 38.5 1.7 53.7 28.3 73.1

19

NKSJ Holdings, Inc.

NKSJ Himawari Life Insurance, Inc. (Non-consolidated)


Major Business Results
Total amount of policies in force
As of March 31, 2013 Number Amount
% of previous fiscal year % of previous fiscal year

(Number in thousands, Yen in hundred millions, %) As of December 31, 2013 Number Amount
% of previous fiscal year % of previous fiscal year

Individual insurance Individual annuities Group insurance Group annuities

3,051 70

108.2 99.8

188,796 2,850 31,171

108.7 100.2 100.5

3,170 70

103.9 99.3

196,469 2,823 31,000

104.1 99.0 99.5

Note) Amounts of "Individual annuities" represent the sums of annuity fund at the beginning of annuity payment of contracts before the beginning of annuity payment and policy reserves for the contracts after the beginning of annuity payment.

Total amount of new policies


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Number Amount
% of previous fiscal year % of previous fiscal year

(Number in thousands, Yen in hundred millions, %) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Number Amount
% of previous fiscal year % of previous fiscal year

Individual insurance Individual annuities Group insurance Group annuities

289 1

84.9 58.5

21,188 75 271

94.7 63.5 72.0

252 1

87.2 69.6

19,396 56 352

91.5 73.8 130.0

Notes) 1. Amounts of "Individual annuities" represent amounts of annuity fund at the beginning of annuity payment. 2. Percentages of previous fiscal year for the nine months ended December 31, 2012 include the results of NIPPONKOA Life Insurance Company, Limited before the merger.

Annualized premiums Policies in force


As of March 31, 2013 % of previous fiscal year 283,952 105.1 16,551 103.7 300,504 105.0 108,455 106.2 (Millions of yen, %) As of December 31, 2013 % of previous fiscal year 288,731 101.7 17,300 104.5 306,032 101.8 112,483 103.7

Individual insurance Individual annuities Total Medical and survival benefits

New policies
Nine months ended December 31, 2012 (April 1 to December 31, 2012) % of previous fiscal year 25,930 96.7 330 50.2 26,260 95.6 10,102 88.7 (Millions of yen, %) Nine months ended December 31, 2013 (April 1 to December 31, 2013) % of previous fiscal year 22,078 85.1 220 66.7 22,299 84.9 9,128 90.4

Individual insurance Individual annuities Total Medical and survival benefits

Notes) 1. Annualized premiums are calculated by using multipliers for various premium payment terms to the premium per payment. In single premium contracts, the amount is calculated by dividing the premium by the duration of the policy. 2. Annualized premiums for medical and survival benefits include (a) premium related to medical benefits such as hospitalization and surgery benefits, (b) premium related to survival benefits such as specific illness and nursing benefits, and (c) premium related to premium waiver benefits, in which disability cause is excluded but causes such as specific illness and nursing care are included. 3. Percentages of previous fiscal year for the nine months ended December 31, 2012 include the results of NIPPONKOA Life Insurance Company, Limited before the merger.

20

NKSJ Holdings, Inc.

NKSJ Himawari Life Insurance, Inc. (Non-consolidated)


Solvency Margin Ratio (Non-consolidated)
As of March 31, 2013 (A) Total Solvency Margin (Non-consolidated) Capital, etc. Reserve for price fluctuation Contingency reserve General allowance for possible credit losses Unrealized gains and losses on securities (90% of gain or 100% of loss) Unrealized gains and losses on land (85% of gain or 100% of loss) Excess amount of continued Zillmerized reserve Subordinated debt, etc. Excess amount of continued Zillmerized reserve and subordinated debt, etc. which are excluded from total solvency margin Brought in capital, etc. Deductions Others (B) Total Risks (Non-consolidated) 233,561 67,630 2,218 24,398 19 35,357 121,943 (27,386) 9,379 30,032 12,088 6,041 8,167 14,389 347 820 1,555.3 % (Millions of yen) As of December 31, 2013 245,725 73,780 2,546 25,151 13 30,453 128,140 (26,353) 11,992 31,706 12,533 6,219 8,193 15,937 354 864 1,549.9 %

(R1 + R8 )2 + (R2 + R3 + R7 )2

+ R4

Underwriting risk ( R1 ) Underwriting risk for third-sector insurance products including ( R8 ) accident, sickness and nursing-care insurance ( R2 ) Guaranteed interest rate risk Investment risk ( R3 ) ( R7 ) Guaranteed minimum benefit risk Business management risk ( R4 ) (C) Solvency Margin Ratio (Non-consolidated) [ (A) / {(B) 1/2} ] 100

Notes) 1. The above figures are calculated based on provisions of Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No. 50 of the Ministry of Finance (1996). 2. Guaranteed minimum benefit risk is calculated by using the standard method.

21

NKSJ Holdings, Inc.

Sompo Japan DIY Life Insurance Co., Ltd. (Non-consolidated)


Quarterly Balance Sheet
As of March 31, 2013 As of December 31, 2013 (Millions of yen) Increase (Decrease)

Amount Assets: Cash and deposits Securities: Government bonds Domestic stocks Tangible fixed assets Intangible fixed assets Agency accounts receivable Reinsurance accounts receivable Other assets Allowance for possible credit losses Total assets Liabilities: Policy reserves: Reserve for outstanding claims Policy reserves Agency accounts payable Reinsurance accounts payable Other liabilities Reserve for retirement benefits Reserves under the special laws: Reserve for price fluctuation Deferred tax liabilities Total liabilities Net assets: Shareholders' equity: Common stock Capital surplus Retained earnings Total shareholders' equity Valuation and translation adjustments: Unrealized gains and losses on securities available for sale Total valuation and translation adjustments Total net assets Total liabilities and net assets 2,348 2,394 1,473 5 27 90 0 12 242 (3) 5,113 1,060 217 842 4 30 270 30 18 18 1 1,415

Amount 1,598 2,893 1,972 5 32 75 0 43 254 (1) 4,894 1,011 176 835 4 30 76 37 18 18 0 1,180 (750) 498 498 4 (15) (0) 30 11 1 (218) (48) (41) (7) (0) 0 (193) 7 0 0 (0) (234)

10,100 2,100 (8,504) 3,695 2 2 3,698 5,113

10,100 2,100 (8,486) 3,713 1 1 3,714 4,894

17 17 (0) (0) 16 (218)

22

NKSJ Holdings, Inc.

Sompo Japan DIY Life Insurance Co., Ltd. (Non-consolidated)


Quarterly Statement of Income
Nine months ended December 31, 2012 (April 1 to December 31, 2012) Amount Ordinary income: Insurance premiums and other: Insurance premiums Investment income: Interest and dividend income Gains on sales of securities Other ordinary income: Reversal of reserve for outstanding claims Reversal of policy reserves Ordinary expenses: Insurance claims and other: Insurance claims Insurance benefits Other refunds Investment expenses: Interest paid Losses on sales of securities Impairment losses on securities Operating expenses Other ordinary expenses Ordinary profit Extraordinary gains: Gains on disposal of fixed assets and other Extraordinary losses: Provision for reserves under the special laws: Provision for reserve for price fluctuation Net income before income taxes Income taxes and deferred income taxes Net income 3,112 2,848 2,790 163 17 146 100 82 18 2,503 890 631 152 2 47 0 37 7 1,532 33 609 0 0 0 608 44 564 Nine months ended December 31, 2013 (April 1 to December 31, 2013) Amount 2,992 2,939 2,819 3 2 49 41 7 2,971 1,273 1,003 163 4 0 0 1,655 42 20 0 0 0 0 0 20 3 17 Increase (Decrease) (Millions of yen) Rate of change

% (120) 90 29 (159) (14) (146) (51) (40) (11) 468 383 372 10 1 (47) 0 (37) (7) 123 9 (588) 0 0 0 0 0 (588) (41) (547) (3.9) 3.2 1.0 (97.7) (85.4) (100.0) (51.3) (49.6) (60.2) 18.7 43.1 59.0 6.8 45.7 (99.8) 29.4 (100.0) (100.0) 8.0 27.7 (96.6) 2.2 2.2 2.2 (96.7) (93.1) (97.0)

23

NKSJ Holdings, Inc.

Sompo Japan DIY Life Insurance Co., Ltd. (Non-consolidated)


Major Business Results
Total amount of policies in force
As of March 31, 2013 Number Amount
% of previous fiscal year % of previous fiscal year

(Number in thousands, Yen in hundred millions, %) As of December 31, 2013 Number Amount
% of previous fiscal year % of previous fiscal year

Individual insurance Individual annuities Group insurance Group annuities

44

98.9

7,252

96.5

44

98.7

7,050

97.2

Total amount of new policies


Nine months ended December 31, 2012 (April 1 to December 31, 2012) Number Amount
% of previous fiscal year % of previous fiscal year

(Number in thousands, Yen in hundred millions, %) Nine months ended December 31, 2013 (April 1 to December 31, 2013) Number Amount
% of previous fiscal year % of previous fiscal year

Individual insurance Individual annuities Group insurance Group annuities

118.2

300

113.2

95.9

275

91.6

Annualized premiums Policies in force


As of March 31, 2013 % of previous fiscal year 3,759 101.1 3,759 101.1 906 102.2 (Millions of yen, %) As of December 31, 2013 % of previous fiscal year 3,783 100.6 3,783 100.6 911 100.6

Individual insurance Individual annuities Total Medical and survival benefits

New policies
Nine months ended December 31, 2012 (April 1 to December 31, 2012) % of previous fiscal year 139 120.3 139 120.3 42 121.7 (Millions of yen, %) Nine months ended December 31, 2013 (April 1 to December 31, 2013) % of previous fiscal year 130 93.1 130 93.1 39 92.3

Individual insurance Individual annuities Total Medical and survival benefits

Notes) 1. Annualized premiums are calculated by using multipliers for various premium payment terms to the premium per payment. 2. Annualized premiums for medical and survival benefits include (a) premium related to medical benefits such as hospitalization and surgery benefits, (b) premium related to survival benefits such as specific illness, and (c) premium related to premium waiver benefits.

24

NKSJ Holdings, Inc.

Sompo Japan DIY Life Insurance Co., Ltd. (Non-consolidated)


Solvency Margin Ratio (Non-consolidated)
As of March 31, 2013 (A) Total Solvency Margin (Non-consolidated) Capital, etc. Reserve for price fluctuation Contingency reserve General allowance for possible credit losses Unrealized gains and losses on securities (90% of gain or 100% of loss) Unrealized gains and losses on land (85% of gain or 100% of loss) Excess amount of continued Zillmerized reserve Subordinated debt, etc. Excess amount of continued Zillmerized reserve and subordinated debt, etc. which are excluded from total solvency margin Brought in capital, etc. Deductions Others (B) Total Risks (Non-consolidated) 4,224 3,695 18 507 2 529 411 93 0 81 17 1,596.1 % (Millions of yen) As of December 31, 2013 4,228 3,713 18 494 2 516 400 91 0 84 17 1,636.3 %

(R1 + R8 )2 + (R2 + R3 + R7 )2

+ R4

Underwriting risk ( R1 ) Underwriting risk for third-sector insurance products including ( R8 ) accident, sickness and nursing-care insurance ( R2 ) Guaranteed interest rate risk Investment risk ( R3 ) ( R7 ) Guaranteed minimum benefit risk Business management risk ( R4 ) (C) Solvency Margin Ratio (Non-consolidated) [ (A) / {(B) 1/2} ] 100

Note) The above figures are calculated based on provisions of Articles 86 and 87 of the Ordinance for Enforcement of the Insurance Business Act and Public Notice No. 50 of the Ministry of Finance (1996).

25

Supplementary Explanation
< Calculation of ratios, etc. >
Underwriting profit = Underwriting income - Underwriting expenses - Operating, general and administrative expenses related to underwriting + Other income and expenses* *Other income and expenses include, but not limited to, income tax expenses for compulsory automobile liability insurance. Net loss ratio = (Net claims paid + Loss adjustment expenses) / Net premiums written 100 Net operating expenses ratio = (Net commissions and brokerage fees + Operating, general and administrative expenses related to underwriting) / Net premiums written 100 Underwriting result ratio = (Net premiums written - Net claims paid - Loss adjustment expenses - Net operating expenses) / Net premiums written 100

< Solvency margin ratio (Non-consolidated) >


In addition to reserves to cover payments for claims, benefits and maturity refunds, etc., it is necessary for insurance companies to maintain sufficient solvency in order to cover against risks which exceed their normal estimates, i.e. occurrence of major catastrophes, fluctuation in mortality rate due to significant changes in key environmental factors and big decline in value of assets held by insurance companies. (C) Solvency Margin Ratio (Non-consolidated), which is calculated in accordance with the Insurance Business Act, etc. is the ratio of "solvency margin of insurance companies by means of their capital, reserves, etc." ((A) Total Solvency Margin (Non-consolidated)) to "risks which exceed their normal estimates" ((B) Total Risks (Non-consolidated)). "Risks which exceed their normal estimates" are composed of risks described below. <1> Underwriting risk, Underwriting risk for third-sector insurance products including accident, sickness and nursingcare insurance: Risks of rate of occurrence of insurance claims, etc. in excess of normal estimates (excluding risks relating to major catastrophes) <2> Guaranteed interest rate risk: Risks of invested assets failing to yield assumed interest rates due to the aggravation of investment conditions <3> Investment risk: Risks of securities and other assets held fluctuating in prices in excess of normal estimates <4> Business management risk: Risks beyond normal estimates arising from business management that do not fall under other categories <5> Major catastrophe risk: Risks of the occurrence of major catastrophic losses in excess of normal estimates (risks such as the Great Kanto Earthquake or Isewan Typhoon) <6> Guaranteed minimum benefit risk: Risks of special account assets fluctuating in prices in excess of normal estimates "Solvency margin of insurance companies by means of their capital, reserves, etc." (total solvency margin (nonconsolidated)) is the sum of total net assets (excluding planned outflows), certain reserves (reserve for price fluctuation, contingency reserve and catastrophic loss reserve, etc.) and parts of unrealized gains and losses on land, etc. Solvency margin ratio is one of the indicators for the regulatory authorities to monitor financial soundness of insurance companies. Solvency margin ratio exceeding 200% would indicate adequate capability to meet payments of possible insurance claims and others.

26