Daiichi Life Group Inc (TSE:8750)
円 1,791 +12.5 (+0.7%) Market Cap: 6.45 Tn Enterprise Value: 5.82 Tn PE Ratio: 14.94 PB Ratio: 1.51 GF Score: 72/100

Q2 2025 Dai-ichi Life Holdings Inc Earnings Call Transcript

Nov 14, 2024 / 10:59 AM GMT
Release Date Price: 円1006.75 (-5.18%)

Key Points

Positve
  • Dai-ichi Life Holdings Inc (DLICY) reported a group adjusted profit of JPY245.2 billion for the second quarter, achieving 70% of the full-year forecast, which is above plan.
  • Sales have recovered significantly due to new product launches and leveraging changes in US interest rates, resulting in a 24% increase in income.
  • The company introduced an interim dividend scheme, with the first payment set for December 5th, reflecting strong financial health.
  • International business segments, particularly Protective and TAO, have shown stable income and high investment performance.
  • The number of sales representatives turned positive for the first time in three years, indicating successful recruitment and training efforts.
Negative
  • The frontier life segment showed a negative progress rate due to the replacement of foreign currency bonds, slowing down overall progress.
  • Protective's asset protection business experienced a deterioration in loss ratio due to inflation, impacting profitability.
  • There was a JPY140 billion loss from the sale of Japanese Government Bonds (JGBs) due to bond replacement, although offset by other capital gains.
  • TAO's profit declined due to a change in the definition of adjusted profit, despite a slight increase when applying the new definition to last year's numbers.
  • An extraordinary loss of approximately JPY15 billion is expected due to the implementation of a second carrier special support frame, although it won't impact the full-year forecast.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

8750.T - Dai-ichi Life Holdings Inc
Q2 2025 Dai-ichi Life Holdings Inc Earnings Call
Nov 14, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Well, thank you very much for your time today to participate in this telephone call or conference call.

So we released the second quarter results. So I'd like to give you some explanations based on the materials. So please look at page 3. These are the highlights for results. There are three major highlights. First on consolidated business performance group adjusted profit for the second quarter is JPY245.2 billion.

So compared to the original four year forecast, which is JPY340 billion achievement ratio is 70% which is the above plan at diet life, mainly the dividend income from risk assets increased.

Thus, a positive spread expanded and also we accelerated sale of japanese stocks and these are the
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